GreenBank Capital Inc. reported on an announcement by its 20% owned portfolio company Ubique Minerals Limited Ubique announced on June 14th, 2022 that it has received the first field report from Resource 500 V Ltd, an Irish exploration company that holds 6 mineral exploration licenses and applications for 2 more licenses in Namibia, Africa. Ubique Minerals Ltd. owns 25% of the issued shares in R500. Ubique has been delivered "REPORT ON RESOURCE 500 V Ltd. LICENCES IN NAMIBIA AND WORKPLAN FOR EVALUATION" prepared for R500 by SRK consulting (UK) Ltd. The report covers exploration: license EPL7167 in Namibia and is dated 6th June 2022.

License EPL7167 as of June 2022 is under renewal for a period of three years. The R500 main focus in the license area focused on three trends in the license area with anomalies in uranium and possibly massive sulfide base metal mineralization. SRK consider sufficient information exists to undertake work on the ground and this should focus on the identified trends with surface geochemical sampling then drilling Single license in the Erongo region to the east of Swakopmund.

The license contains evidence of Damara aged granite pegmatite- and palaeochannel hosted uranium mineralization and possibly massive base metal sulfide mineralization in Proterozoic metamorphosed sediments and volcanics. The area has current and historic mines for all three including the world class Rossing mine to the immediate west. In addition the operating palaeochannel hosted uranium mine at Langer Heinrich is to the immediate south.

The combined results of the remote sensing and geochemical surveys to date suggest that there are two types of uranium mineralization present on the EPL: Rossing style alaskiite hosted uranium, Calcrete or palaeochannel hosted uranium.