UiPath(PATH) Newsfile·2025-05-23 22:33Core Viewpoint - Newpath Resources Inc. has optioned the Pat Ann claim group, expanding its exploration potential in Ontario, with a focus on lithium-bearing pegmatites and base metal mineralization [1][2]. Company Overview - Newpath Resources Inc. is a Canadian exploration company listed on the Canadian Securities Exchange under the symbol PATH, holding a 100% interest in the Alpha/Bravo critical metal exploration project [12]. Exploration Details - The Pat Ann claim group covers approximately 1,150 hectares and is contiguous to Newpath's Alpha-Bravo Property, creating a combined area of 13,100 hectares for exploration [1]. - The geological setting of Pat Ann shows potential for LCT pegmatites and copper-zinc mineralization, with mineralization traced over a minimum of 1.3 km [2][3]. - Historical exploration has indicated the presence of copper and zinc, with notable drill results including 0.82% Cu and 0.6% Zn over 0.76 m [5]. Financial Commitments - To exercise the option on Pat Ann, Newpath must incur total expenditures of 532,000, and issue 500,000 common shares to the optionors [4]. - The payment schedule includes an initial cash payment of $8,000 already made, with further payments and expenditures required over the next three years [4]. Indigenous Relations - Newpath is committed to building transparent relationships with Indigenous communities, acknowledging the traditional territories where the Alpha/Bravo project is located [11].