New Earth Resources Corp. Announces Exploration Initiation at Lucky Boy Uranium Project and Private Placement Funding Round
New Earth Resources Corp. (CSE: EATH), a Canadian‑based uranium exploration company listed on the Canadian National Stock Exchange, announced on 16 December 2025 that it is commencing a new phase of exploration activities at its former production site, the Lucky Boy Uranium Project in Gila County, Arizona. The exploration program is designed to enhance the company’s understanding of the uranium mineralization within the project area. According to the company’s release, the program will include comprehensive geological mapping, geochemical sampling, and other exploration techniques aimed at evaluating the potential for future production.
The company also disclosed a private placement offering to raise up to CAD 1.75 million (USD 1.75 million) in aggregate gross proceeds. The non‑brokered private placement involves the issuance of equity securities, and the proceeds will be used to fund ongoing exploration and development activities at Lucky Boy and other projects in the company’s pipeline. The offering was announced on 15 December 2025 through a Globenewswire press release and subsequently reported by Financial Post and Investing.com.
Key Dates and Sources
| Date | Event | Source |
|---|---|---|
| 15 Dec 2025 | Announcement of private placement to raise up to $1.75 M | GlobeNewswire, Financial Post, Investing.com |
| 16 Dec 2025 | Commencement of exploration at Lucky Boy | Stockwatch, thecse.com, openpr.de, onvista, Globenewswire |
| 16 Dec 2025 | Press release issued by New Earth Resources | Multiple media outlets (see above) |
Company Background
New Earth Resources Corp. operates within the Canadian National Stock Exchange and focuses on the exploration and development of uranium resources. As of 14 December 2025, the company’s share price was CAD 0.50, with a market capitalization of CAD 9,252,500. The stock has traded between a 52‑week low of CAD 0.025 and a 52‑week high of CAD 0.63.
The Lucky Boy project, located in Arizona, has previously produced uranium. The new exploration phase aims to gather additional data to assess the viability of continued development.
Financial Impact
The private placement is expected to strengthen New Earth’s balance sheet and provide capital for the exploration program at Lucky Boy. No pricing details or subscription terms were disclosed in the publicly available releases.
This article is based solely on the information provided in the input and does not include any additional commentary or speculation.
