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Stearman Amends Agreement to Acquire NeoCore Uranium Ltd.

Friday, July 4, 2025 12:01 AM PDT
THENEWSWIRE

(via TheNewswire)

    

VANCOUVER, BRITISH COLUMBIA – July 4, 2025 – TheNewswire - Stearman Resources Inc. (CSE:STMN) (“Stearman” or the “Company”) announced on June 17, 2025 that it had entered into a definitive share exchange agreement (“NeoCore Agreement”) to acquire 100% of the issued and outstanding common shares of NeoCore Uranium Ltd. (“NeoCore”), a private BC company that owns a 100% interest in the NeoCore Uranium Property (“Property”). The Property consists of six mineral claims covering 13,012 hectares, located in the Athabasca Basin in northern Saskatchewan,

The Company and NeoCore have now agreed to extend the Closing Date to July 11, 2025 or such other date as the parties may agree, with the closing remaining subject to the completion of customary due diligence, the receipt of any required regulatory approval and completion of the $100,000 Financing described in the June 17, 2025 news release.

The Company is a mineral exploration company focused on the acquisition, exploration and development of mineral properties in Canada and the USA. The Company currently has an option on the Miniac Property in Quebec. which consists of 78 claims over 4,110 hectares located 35 kms

north of Amos, Quebec, prospective for gold, zinc, copper and silver and an option on the Brassie Creek Property, consisting of 9 mineral claims covering 1,862 hectares, located 48 kilometres west of Kamloops, BC, prospective for copper, gold and silver.

On Behalf of the Company

Howard Milne, Chief Executive Officer

For further information, please contact Howard Milne, CEO at 604-377-8994 email [email protected]  

Forward Looking Statements: This press release may contain “forward‐looking information or statements” within the meaning of Canadian securities laws, which may include, but are not limited to statements relating to its future business plans. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ from those in the forward-looking statements. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions. The Company does not undertake to update forward‐looking statements or forward‐looking information, except as required by law.

The CSE has neither approved nor disapproved the contents of this press release. Neither the CSE nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire - All rights reserved.

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