From GlobeNewswire: 2025-06-12 08:00:00

Lancaster Resources Inc. has acquired a 100% interest in the Lac Iris Polymetallic Project in Quebec, near the Nisk and Lion discoveries and the Rupert Lithium Project. This acquisition expands Lancaster’s land position in the James Bay region, enhancing exploration opportunities. President and CEO, Andrew Watson, is excited about the potential for discovery and shareholder value.

The Lac Iris Property covers ~1,443 hectares adjacent to Li-FT claims, near the Whabouchi Lithium deposit and NISK polymetallic deposit. Situated in Quebec’s James Bay region, the property is highly prospective for lithium and polymetallic exploration. Lancaster plans to conduct an exploration campaign to identify valuable metals content through sampling.

The strategic acquisition of the Lac Iris Project diversifies Lancaster’s exploration projects, adding to its portfolio in Quebec and Saskatchewan. The company aims to continue unlocking shareholder value through exploration and development of critical mineral and precious metal assets. Lancaster also has a gold acquisition in Australia and uranium projects in Saskatchewan.

Year-round access to the Lac Iris Property is available via Route du Nord Road, located 43 km east of Nemiscau. Hydroelectric transmission lines intersect the property, facilitating exploration activities. Lancaster’s President & CEO, Andrew Watson, a Qualified Person, has reviewed and approved the technical information in the news release. The company is focused on advancing its diverse mineral projects.

James Bay in Quebec is emerging as a district for polymetallic and lithium exploration. The Lac Iris Project’s proximity to the Whabouchi mine highlights the region’s potential. Lancaster’s acquisition of the property strengthens its position in the area and aligns with its goal of exploring and developing high-value mineral properties.



Read more at GlobeNewswire: Lancaster Resources Inc. Expands Exploration in Quebec’s