VANCOUVER, British Columbia, March 16, 2026 (GLOBE NEWSWIRE) — Greenridge Exploration Inc. (“Greenridge” or the “Company”) (CSE: GXP | FRA: HW3 | OTCQB: GXPLF), declares that the Canadian Securities Change has licensed the extension of the expiry date of a complete of seven,937,574 commonplace percentage acquire warrants (the “2024 Warrants”). Each and every 2024 Warrant entitles the holder thereof to obtain one commonplace percentage of the Corporate at a worth of $0.45 in step with commonplace percentage. All different phrases of the 2024 Warrants, together with workout value, will stay the similar. The 2024 Warrants had been issued pursuant to a personal placement that closed on March 18, 2024 (please see the Corporate’s press unlock dated March 18, 2024 for extra main points). The expiry date of the 2024 Warrants have now been prolonged to March 18, 2027 (the “Extension”).
No motion shall be required at the a part of the holders of the 2024 Warrants to offer impact to the Extension, and substitute warrant certificate might not be issued. Authentic warrant certificate will have to be introduced to the Corporate to be able to workout any of the 2024 Warrants.
One of the most administrators of the Corporate is the really useful proprietor of 263,118 of the 2024 Warrants and, due to this fact, the Extension might represent a “related party transaction” pursuant to Multilateral Device 61-101 – Coverage of Minority Shareholders in Particular Transactions (“MI 61-101”). The Extension is exempt from the formal valuation and minority shareholder approval necessities of MI 61-101 because the honest marketplace worth of the Extension does now not exceed 25% of the Corporate’s marketplace capitalization.
About Greenridge Exploration Inc.
Greenridge Exploration Inc. (CSE: GXP | OTCQB: GXPLF | FRA: HW3) is a mineral exploration corporate devoted to making shareholder worth during the acquisition, exploration, and construction of important mineral tasks in Canada. The Corporate owns or has pursuits in 23 tasks and further claims overlaying roughly 272,849 hectares with really extensive publicity to doable uranium, gold, nickel, and copper discoveries. The Corporate is led by way of an skilled control crew and board of administrators with important experience in capital elevating and advancing mining tasks.
Greenridge has one of the vital biggest uranium assets portfolios in Canada consisting of 14 tasks and further potential claims overlaying roughly 196,338 hectares. The Corporate has alternatives to understand worth in an extra 9 strategic metals tasks which come with, gold, nickel, and copper exploration houses totalling roughly 76,511 hectares. Belongings highlights come with:
The Black Lake Uranium Challenge, positioned within the NE Athabasca Basin, (40% Greenridge, 50.43% Uranium Power Corp., 8.57% Orano Canada) noticed a 2004 discovery hollow (BL-18) go back 0.69% U3O8 over 4.4m.1The Hook-Carter Uranium Challenge (20% Greenridge, 80% Denison Mines Corp.) is strategically positioned within the southwest Margin of the Athabasca Basin, sitting ~13km from NexGen Power Ltd.’s Arrow deposit and ~20 km from Paladin Power’s Triple R deposit.The Gibbons Creek Uranium Challenge hosts high-grade uraniferous boulders positioned in 2013, with grades of as much as 4.28% U3O8 2, and the McKenzie Lake mission noticed a 2023 prospecting program go back 3 samples which incorporated 844 ppm U-total (0.101% U3O8), 273 ppm U-total, and 259 ppm U-total.3The Nut Lake Uranium Challenge positioned within the Thelon Basin contains ancient drilling which intersected as much as 9 feet of 0.69% U3O8 together with 4.90% U3O8 over 1ft from 8 feet intensity.4 In 2024, Greenridge’s prospecting program positioned a drift pattern that returned 31.13% U3O8, sourced from the Tundra Appearing.5The Firebird Nickel Challenge has observed two drill systems (7 holes totaling 1,339 m), the place hollow FN20-002 intersected 23.8 m of 0.36% Ni and zero.09% Cu, together with 10.6 m of 0.55% Ni and zero.14% Cu.6
The Corporate has strategic partnerships which incorporates houses being operated and complicated by way of Denison Mines Corp. and Uranium Power Corp. The Corporate’s control crew, board of administrators, and technical crew brings important experience in capital elevating and advancing mining tasks and is poised to draw new buyers and lift long run capital.
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On Behalf of the Board of Administrators of Greenridge
Disclaimer for Ahead-Having a look Knowledge
Ahead-looking statements and forward-looking data with regards to any long run mineral manufacturing, liquidity, enhanced worth and capital markets profile of Greenridge, long run enlargement doable for Greenridge and its industry, and long run exploration plans are in response to control’s affordable assumptions, estimates, expectancies, analyses and evaluations, which can be in response to control’s revel in and belief of tendencies, present stipulations and anticipated traits, and different elements that control believes are related and affordable within the instances, however which might turn out to be improper. Assumptions had been made relating to, amongst different issues, the cost of uranium, nickel, copper, cobalt, gold and different metals; prices of exploration and construction; the estimated prices of construction of exploration tasks; Greenridge’s skill to perform in a secure and efficient means and its skill to procure financing on affordable phrases.
The Canadian Securities Change (CSE) does now not settle for duty for the adequacy or accuracy of this unlock
