Greenridge Exploration Announces Appointment of Sean Hillacre to its Advisory Team
28 March 2024 - 12:00PM
Greenridge Exploration Inc. (“Greenridge” or the
“Company”) (CSE: GXP | FRA: HW3), is pleased to
announce Sean Hillacre has joined Greenridge’s advisory team
effective March 22, 2024. Mr. Hillacre’s extensive experience and
background will provide invaluable guidance for the planning and
execution of exploration programs at the Company's Nut Lake
Project.
Mr. Hillacre is currently the President & VP
of Exploration of Standard Uranium Ltd. and has over a decade of
experience working as an economic geologist in the Athabasca Basin
uranium district of Saskatchewan, with 5 years as part of the
technical team progressing the Arrow uranium deposit towards
production with NexGen Energy Ltd. A proactive, results oriented
geoscientist, Mr. Hillacre brings a unique and balanced background
integrating academic geoscience with industry experience, along
with a comprehensive understanding of project development. Mr.
Hillacre received his B.Sc. & M.Sc. degrees in Geology from the
University of Saskatchewan and published the first comprehensive
academic study on a world-class uranium deposit in the SW Athabasca
Basin in Economic Geology.
Sean Hillacre, Advisor to the Company,
commented, “I am thrilled to be joining the Greenridge team as an
advisor, as the Company’s Nut Lake Project has significant
potential for uranium discovery. I am eager to begin leveraging my
extensive experience to help drive the Nut Lake Project
forward."
Russell Starr, Chief Executive Officer of the
Company, commented, “We are excited to welcome Mr. Hillacre, whose
extensive experience in the Uranium industry, particularly in the
globally recognized Athabasca Basin region, brings invaluable
expertise to our advisory team. We are confident that his knowledge
and experience will play a crucial role in guiding our exploration
programs and advancing the Nut Lake Project.”
The Company also announces that it has granted
250,000 stock options (the “Options”) under the
Company's stock option plan, each with an exercise price of CDN
$0.75, to Mr. Hillacre. Each vested option, upon payment of the
exercise price, entitles the holder thereof to receive one common
share of the Company. The Options, and any shares issued upon the
exercise of, will be subject to a hold period of four months in
accordance with the policies of the Canadian Securities
Exchange.
About Greenridge Exploration
Inc.
Greenridge Exploration Inc. (CSE: GXP | FRA:
HW3) is a mineral exploration company dedicated to creating
shareholder value through the acquisition, exploration, and
development of critical mineral projects in North America. The
Company’s Nut Lake Uranium Project located in the Thelon Basin
includes historical drilling which intersected up to 9ft of 0.69%
U3O8 including 4.90% U3O8 over 1ft from 8ft depth¹. Additionally,
the Company’s Weyman Copper Project in southeast British Columbia
sits on the south portion of the famous Quesnel Terrance. The
Company is led by an experienced management team and board of
directors with significant expertise in capital raising and
advancing mining projects.
1 Source: 1978 Assessment report (number 81075)
by Pan Ocean Oil Ltd
On Behalf of the Board of
Directors
Russell StarrChief Executive Officer, DirectorTelephone: +1
(778) 897-3388 Email: info@greenridge-exploration.com
Disclaimer for Forward-Looking Information
This news release contains certain
forward-looking statements within the meaning of applicable
securities laws. All statements that are not historical facts,
including without limitation, statements regarding future
estimates, plans, programs, forecasts, projections, objectives,
assumptions, expectations or beliefs of future performance,
including statements regarding the project acquisition bringing a
low-risk opportunity, the Company, building a strong battery metals
portfolio with low-risk opportunities that positively impact the
Company and its shareholders and the Company providing an initial
work plan are "forward-looking statements". Forward-looking
statements in this news release include, but are not limited to,
statements with respect to the Project and its mineralization
potential; the Company’s objectives, goals, or future plans with
respect to the Project; statements with respect to the expected
benefits of appointing Sean Hillacre as advisor to the Company.
These forward-looking statements reflect the expectations or
beliefs of management of the Company based on information currently
available to it. Forward-looking statements are subject to a number
of risks and uncertainties, including those detailed from time to
time in filings made by the Company with securities regulatory
authorities, which may cause actual outcomes to differ materially
from those discussed in the forward-looking statements. These
factors should be considered carefully, and readers are cautioned
not to place undue reliance on such forward-looking statements. The
forward-looking statements and information contained in this news
release are made as of the date hereof and the Company undertakes
no obligation to update publicly or revise any forward-looking
statements or information, whether because of new information,
future events or otherwise, unless so required by applicable
securities laws.
The Canadian Securities Exchange (CSE) does not
accept responsibility for the adequacy or accuracy of this
release.