Arya Resources Doubles Drilling Program At Wedge Lake Gold Project, Saskatchewan, Following Positive Exploration Results

2025-09-22 03:11:47

(MENAFN- Newsfile Corp) Vancouver, British Columbia--(Newsfile Corp. - September 22, 2025) - Arya Resources Ltd. (TSXV: RBZ) ("Arya" or the "Company") is pleased to announce an expansion of its current drilling program in response to the promising results of its ongoing exploration efforts. Following the positive progress of the current program, the Company intends to increase the total number of drill holes to 20, aiming to further assess and delineate the mineral potential at its property.

The decision to expand the drill program comes after careful evaluation of recent exploration data, which has confirmed the potential for further discovery and expansion. Arya Resources is excited to advance its exploration efforts with the goal of unlocking additional value for shareholders and further solidifying the Company's position within the industry.

Financing Initiatives:

To fund the expansion of the drill program, as well as ongoing exploration activities, Arya Resources is announcing two concurrent financing initiatives designed to raise a total of $1.2 million.

Flow-Through Financing: The Company will offer flow-through shares (the "Flow-Through Offering") to raise $600,000. The shares will be priced at $0.40 per share. This flow-through financing is being structured to allow investors to benefit from tax deductions related to Canadian exploration expenses, while enabling the Company to accelerate its exploration and development activities.

Non-Flow-Through Financing: Additionally, Arya Resources will be offering non-flow-through shares (the "Non-Flow-Through Offering") for gross proceeds of $600,000. These shares will be priced at $0.30 per share. The non-flow-through financing will provide the Company with general working capital necessary to fund corporate operations while it continues advancing its exploration programs, including the expanded drill campaign.

Both offerings are subject to the approval of the TSX Venture Exchange and other customary closing conditions.

Use of Proceeds:

Proceeds from the financings will be directed towards funding the expanded drilling program, geological studies, and general working capital. The Company intends to continue its aggressive exploration activities to better define its assets and explore the full potential of its property.

"We are encouraged by the progress of our current drilling program and the potential it is beginning to demonstrate. The expanded drill program, supported by this financing, will allow us to continue advancing this important phase of exploration," said Rasool Mohammad, CEO of Arya Resources. "These financings provide the capital required to move our plans forward in a disciplined manner and position the Company to build long-term value for shareholders."

"We're very excited to extend the drilling program based on the recent work that Rasool and the team have achieved," said Peter Deacon, Director of Arya Resources. "These next holes will give us a better understanding of the mineralization on our gold property."

About Arya Resources Ltd. (TSXV: RBZ)

Arya Resources Ltd. is a Canadian mineral exploration company focused on the acquisition, exploration, and development of precious and critical metal projects in Saskatchewan. The Company is advancing its flagship Wedge Lake Gold Project and its Dunlop Nickel-Copper-Cobalt Project, both strategically located in mining-friendly jurisdictions with excellent infrastructure. As a Tier-2 issuer on the TSX Venture Exchange, Arya is committed to building shareholder value through strategic acquisitions, targeted exploration, and sustainable development.

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