The Board of A.I.S. Resources Ltd. wishes to announce the decision to proceed with a 1-for-10 reverse stock split, also known as a stock consolidation, stock merge, or share rollback, applicable to all issued shares and outstanding warrants and options. Effective at the commencement of trading on March 8, 2024 the Company is expected to begin [...]
A.I.S. Resources Ltd. is pleased to announce that the Company has reached an agreement with American Salars Lithium Inc., on an option agreement on the Candela II Lithium Brine Project located in the Incahuasi Salar, Salta Province, Argentina . The Candela II Lithium Brine Project contains a NI 43-101 inferred mineral resource estimate of 86,000 [...]
A.I.S. Resources Ltd. wishes to inform the company's shareholders that Spey Resources Corp. has announced that a NI 43-101 compliant Mineral Resource Estimate has been completed on the Candela II lithium brine project located in the Incahuasi Salar, Salta Province, Argentina. AIS holds a 20% equity carry in the Candela II concession. The report on [...]
A.I.S. Resources Ltd. today announced that Ekeko S.A. has unilaterally declared the Exploration and Purchase Option Agreement between AIS and Ekeko, dated June 10th, 2021 to be terminated for alleged breach of contract by AIS. AIS rejects the allegation of breach and rejects Ekeko's purported termination of the Agreement. AIS validly exercised the [...]
A.I.S. Resources Ltd. confirms the Company will not proceed with the option to acquire a 100% interest in the 1,525 hectare Yareta XIII lithium concessions in Salta, Argentina. Andrew Neale, President & CEO of AIS commented, "AIS acquired this option in June 2021 as part of a larger package of lithium properties arranged by the company's previous [...]
A.I.S. Resources Ltd. wishes to confirm the recent decision of C29 Metals Limited not to proceed with their option to acquire an 80% interest in the Pocitos 7 & 9 lithium concessions in Salta, Argentina. The due diligence completed by C29, confirmed concerns around minimal lithium grade and porosity of the aquifer zone encountered during the C29 [...]
A.I.S. Resources Ltd. is pleased to announce the appointment of Andrew Neale as President and CEO of the Company, in addition to his role as Director as announced on March 15th, 2023. Martyn Element, Chairman, stated, "Speaking on behalf of AIS we are pleased that Andrew Neale has agreed to join our executive team, allowing me to re-focus my [...]
A.I.S. Resources Ltd. has concluded the initial drill program at the Bright Property with a total of 597.6m metres drilled at Golden Bar and 523.6m drilled at Reliance prospect for a total of 1,121.2m drilled from May 2022 to February 2023. Highlights are: Golden Bar GBDD003 returned; 75.35 to 77.1m, 1.75m @ 1.57 g/t Drill hole GBDD006 encountered [...]
A.I.S. Resources Ltd. announces that it intends, subject to TSX Venture Exchange approval, to extend the term of 16,240,000 warrants expiring on May 9, 2023. The share purchase warrants were issued pursuant to a private placement of 16,240,000 units accepted for filing by the TSXV on April 5, 2022. The warrants will be extended for a period of one [...]
A.I.S. Resources Ltd. announces that Recharge Resources has exercised its option to acquire Pocitos 1 from Spey Resources . In accordance with AIS' option agreement with Spey and AIS' underlying option agreement with Ekeko S.A., AIS will receive net proceeds as follows: POCITOS 1 Cash Value of Shares Total Consideration Receive from Spey $ 800,000 [...]
A.I.S. Resources Ltd. is pleased to announce the appointment of Andrew Neale as a director of the Company. Andrew is a Canadian engineer who has been involved in all aspects of the mining industry since the late 80s. Starting his career in Canada with Falconbridge and Noranda, Andrew joined PT Freeport Indonesia in 1993, completing his career with [...]
A.I.S. Resources Ltd. congratulates Recharge Resources on signing an option agreement with Spey Resources Corp. whereby Recharge may acquire up to a 100% undivided interest in the Pocitos 2 Project. AIS retains a 7.5% royalty of the FOB price of lithium carbonate or other lithium compounds sold on Pocitos 1 & 2 pursuant to AIS' underlying Option [...]