TSX: ASND
www.ascendantresources.com

TORONTO, Sept. 5, 2023 /CNW/ - Ascendant Resources Inc. (TSX: ASND) (OTCQB: ASDRF) (FRA: 2D9) ("Ascendant" or the "Company") ") is pleased to announce that it has commenced the tender phase for the Mandated Lead Arranger ("MLA") of its Export Credit Agency project financing program. As of September 4, 2023 the Company and its Advisors have issued detailed banking information memorandums to a number of Project Finance Banks who have indicated an interest in being the Mandated Lead Arranger as part of the UK Export Finance ("UKEF") supported export credit facilities for the Company's 80% owned Lagoa Salgada project in Portugal. (See press release dated July 5, 2023).