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Core Critical Metals Corp. — Regulatory Filings 2021
Sep 15, 2021
47212_rns_2021-09-15_23503dfb-460f-4761-95b9-44ecc098a8bc.pdf
Regulatory Filings
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FORM 51-102F3 MATERIAL CHANGE REPORT
Item 1: Name and Address of Reporting Issuer
Xander Resources Inc. (the “ Company ”) Suite 400 – 1681 Chestnut Street Vancouver, BC V6J 4M6
Item 2: Date of Material Change
September 15, 2021.
Item 3: News Release
A news release was issued and disseminated on September 15, 2021 and filed on SEDAR (www.sedar.com).
Item 4: Summary of Material Changes
The Company announced the appointment of a director, option grants, increase in its private placement and an exploration update, as further described in Item 5 below.
Item 5: Full Description of Material Change
The Company announced the appointment of James Walker as a member of its board of directors, effective immediately.
James Walker has extensive experience in engineering and project management; particularly within mining engineering, mechanical engineering, construction, manufacturing, engineering design, infrastructure, safety management, and nuclear engineering. He is currently the CEO and President and Director of Ares Strategic Mining and a Director of Bayhorse Silver Inc., both TSX Venture Exchange listed issuers, and a director of Orcus Resources Ltd. His previous experience includes his time at Lithium Energy Products where he oversaw the exploration of multiple lithium projects.
James’ professional experience includes designing nuclear reactors, submarines, chemical plants, factories, mine processing facilities, infrastructure, automotive machinery, and testing rigs.
Mr. Walker holds degrees in Mechanical Engineering, Mining Engineering, and Nuclear Engineering, as well as qualifications in Project Management and Accountancy, and is a Chartered Engineer with the IMechE, and registered as a Project Manager Professional with the APM.
The Company also granted 150,000 incentive stock options to a director exercisable at $0.13 for a period of 5 years, in accordance with its stock option plan.
Non-Brokered Private Placement
The Company also announced it has increased the previously announced financing (the “ Offering ”) (see new release of September 1, 2021) wherein the Company has increased the Offering to include up to 3,000,000 units of the Company issued on a non-flow-through basis (the “ Units ”) at a price of $0.10 for gross proceeds of up to $300,000 (the “ Proceeds ”).
Each Unit will consist of one common share (a “ Share ”) and one transferable share purchase warrant exercisable at $0.20 per Share for a period of two (2) years from the date of closing.
Finder’s fees may be paid in accordance with applicable securities laws. The Proceeds from the Offering will be used for exploration on the Company’s portfolio of properties and working capital and general corporate purposes.
Exploration Update
The Company announced that it has mobilized its geological team to its Senneville Project located in Quebec for the execution of an outcrops sampling and mapping program as part of its strategy to pursue the lithium potential on the western part of its claims, in particular where volcanosedimentary rocks are in contact with the La Corne Batholith.
This area is of particular interest as it is in close proximity to the North American Lithium deposit which has proven and probable reserves of 17.06 Mt grading 0.94% Li2O and measured and indicated resources of 33.24 Mt grading 1.19% - Li2O (http://na lithium.com/projects) and near an area undergoing intense exploration by many other juniors including Great Thunder Gold, which recently reported 1.48% Li2O over 12.7 metres and 1.16% Li2O over 9.8 metres in drilling completed earlier this year.
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The program will build on the recently completed Beep Mat survey that was carried out by Magnor Exploration Inc. Beep Mat Surveys are a geophysical method used to detect the magnetic susceptibility and relative Electromagnetic (EM) conductivity along with GPS location in order to identify potential underlying conductors.
Item 6: Reliance on subsection 7.1(2) or (3) of National Instrument 51-102
Not applicable.
Item 7: Omitted Information
None.
Item 8: Executive Officer
Deepak Varshney, P.Geo., President and CEO Tel: (236) 607-5490 Email: [email protected]
Item 9: Date of Report
September 15, 2021.