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Awarded OJEP Grant

31st Mar 2026 07:06

RNS Number : 8168Y
Landore Resources Limited
31 March 2026
 

31 March 2026

LANDORE RESOURCES LIMITED

Landore Awarded Ontario Junior Exploration Program (OJEP) Grant

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

 

Engage with us by asking questions, watching video summaries and seeing what other shareholders have to say on our Interactive Investor hub here: Landore Resources Investor Hub

 

For further information, please contact:

 

Landore Resources Limited

Alexander Shaw (CEO)

 

Engage with the company directly

 

[email protected]

 

Landore Resources Investor Hub

Strand Hanson Limited (Nominated Adviser and Joint Broker)

James Dance / Matthew Chandler / Harry Marshall

 

Tel: 020 7409 3494

Hannam & Partners (Joint Broker)

Andrew Chubb / Matt Hasson

 

Tel: 020 7907 8500

AlbR Capital Limited (Joint Broker)

Colin Rowbury

 

[email protected]

Tel: 020 7469 0930

 

Burson Buchanan (Financial PR)

Bobby Morse / Jude Stokes

 

[email protected]

Tel: 020 7466 5000

 

Subscribe to our news alert service: https://investors.landore.com/auth/signup

About Landore Resources

Landore Resources (AIM: LND) is the 100% owner of the highly prospective BAM Gold Project, Northwestern Ontario, Canada, which has an inside pit shell MRE independently prepared in accordance with the 2019 CIM Best Practice Guidelines comprising 622.3 koz from 19.1 Mt @ 1.01 g/t Au of Indicated Resource and 33.7 koz from 1.1Mt @ 0.96 g/t Au of Inferred Resource. Ontario is Canada's largest gold producing province. Landore Resources' strategic objective is to crystallise value from its BAM Gold Project as well as generating additional value from its non-core portfolio of precious and battery metals projects in eastern Canada and the USA.

 

 

- ENDS -

 

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