Awarded OJEP Grant
Landore Resources Limited has been awarded C$215,000 in non-dilutive funding from the Ontario Junior Exploration Programme (OJEP) to support field programmes and technical evaluation at Junior Lake, and has also completed the sale of its entire shareholding in Storm Exploration Inc. This combined C$215,000 in non-dilutive capital will enhance the company's financial flexibility and allow it to focus on advancing its principal assets in Ontario.
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London, United Kingdom - 31 March 2026 - Landore Resources Limited (AIM: LND) ("Landore Resources" or the "Company") is pleased to announce it has been awarded the maximum allowed non-dilutive funding of C$215,000 from the Ontario Junior Exploration Programme (OJEP), a provincial initiative designed to support early-stage mineral exploration and development in Ontario. The OJEP programme helps junior mining companies defray a portion of eligible exploration and development costs, accelerating project timelines and creating employment opportunities in northern and Indigenous communities.
This OJEP funding will be directly applied to enhancing and expediting Landore's planned field programmes and technical evaluation on priority targets at Junior Lake. This strategic support not only strengthens Landore's project momentum but also underscores the Ontario government's confidence in the Junior Lake Project.
Sale of Shareholding in Storm Exploration
Landore also confirms that it has completed the sale of its entire shareholding in Storm Exploration Inc. ("Storm"), a non-core investment previously held on the Company's balance sheet. The divestment streamlines Landore's asset base and realises value that can be reallocated to its core projects. Proceeds from the sale have been received in full.
Landore Resources' CEO, Alexander Shaw, commented:
"The OJEP award coupled with the sale of our non-core interest in Storm Exploration, is a welcome source of non-dilutive capital that strengthens our ability to carry out our 2026 field programme. They enhance our financial flexibility and ensure we remain focused on advancing our principal assets in Ontario."
Please see the March edition of the newsletter for further information: https://investors.landore.com/newsletter-march
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.