ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to report that it has commenced an airborne geophysical survey at ACME's 11,803 acre Shatford and Cat-Euclid Lake project areas in south eastern Manitoba.
The survey for ACME Lithium will be carried out by Dias Airborne with their state of the art QMAGT system. A total of 1,989 line kilometres will be flown at a 65 m line spacing and at a sensor height of 35 m or at the safest height above the tree canopy. High grade IMU and DGPS systems onboard are used to de-rotate the 6 tensor components and compensate for any motion noise. The data will be processed to generate 6 directional tensor magnetic parameters, and various derived products from these parameters, which can be used in combination or individually to interpret the geology in great detail and with high confidence.
Dias Airborne's QMAGT system is the most advanced airborne magnetic system currently commercially available. It uses super-conducting quantum technology in the form of SQUID sensors to measure the magnetic field more completely and with greater sensitivity. The QMAGT system measures the full tensor magnetic gradients (FTMG), which means that it is measuring all of the directional information of the magnetic field, which cannot be measured with conventional magnetic systems. This FTMG data provides for much higher resolution imaging than conventional systems, and coupled with the low noise properties of the SQUID sensors that are more sensitive to very weak signals, make it more sensitive to smaller or weaker geologic features that may be missed by traditional total field magnetic systems.
ACME's Shatford Lake claim area is located strategically and contiguous to the south of Sinomine's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969, located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims are approximately 20 kilometers to the north of the Tanco Mine.
ACME Lithium's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Our exploration focus is on spodumene-bearing LCT pegmatites that can be a source for lithium carbonate deposits.
Dane Bridge, P. Geol. is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in south eastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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The large-scale shift to carbon-pollution-free electricity and net-zero emissions is already underway. According to analysts and industry executives, “the pandemic has proved to be a reset point for the market.” With the worldwide lithium battery market expected to grow exponentially in the coming decade — which has the potential to reach a record value of US$80 billion by 2026 — it’s clear there is significant potential and a lot of growth to come.
“And when you come into this growth period where year-on-year the volumes are getting significantly bigger in terms of orders from the battery industry, I think that has the potential to create a real bottleneck in terms of keeping supply up with demand,” said Andrew Miller, product director at Benchmark Mineral Intelligence in an interview with INN.
Add to that the passing of the Paris Agreement in 2016 and the Biden Administration’s energy and infrastructure plans, and it points to an increased focus on combating the climate crisis in governments around the world. Even the US Department of Energy (DOE) revealed it believes the solution requires establishing a domestic supply chain for lithium-based batteries.
But with limited production capacity available in the United States, more production will be required to facilitate the growing needs of the electric vehicle and stationary grid storage markets. It’s this perfect storm of conditions that have led Clayton Valley in Esmeralda County, Nevada to become a hotspot for lithium exploration and development in the US. This region uniquely hosts the only US-based lithium mine.
ACME Lithium (CSE:ACME,OTC:ACLHF) is a junior mineral exploration and development company focused on acquiring and developing a portfolio of exploration-stage, lithium-containing projects in Nevada. The company’s management team is highly experienced with a strong history of success in building and financing resource companies around the world including the development of lithium-based projects.
ACME Lithium currently operates its Clayton Valley and Fish Lake Valley projects in the mining-friendly Esmeralda County area in Nevada. The properties are strategically located near Albemarle Corporation’s Silver Peak Lithium mine. The Silver Peak lithium mine has continuously produced lithium since 1966, with concentrations as high as +1,000 ppm of lithium.
ACME Lithium's projects are also located in an area with a developing battery supply chain, including Tesla’s Gigafactory, which sits only 200 miles away. Both of ACME Lithium’s Nevada properties have year-round access to expertise, infrastructure, rail and roads, power and water, including favorable weather conditions and logistics.
The Clayton Valley property has the potential to host lithium brine just like the Silver Peak Lithium mine, while the Fish Lake Valley property has been confirmed to host the same geological processes like those found at the Albemarle mine in Clayton Valley. The presence of lithium brine would provide ACME Lithium with a strong competitive advantage against other companies that typically go after clays or hard rocks. Clay and hard rocks are more difficult to process and create a concentrator product that can be used by technology companies in battery production. The company strongly believes that its properties have the potential to produce lithium under simple metallurgical conditions based on preliminary indications.
In March 2022, ACME Lithium acquired 340 placer mining claims in the McDermitt Caldera region, located in Southeast Oregon. Entitled the WS project, the claims encompass approximately 6,727 acres in proximity to the Nevada border. Based on geochemically anomalous historical lithium values, the company intends to conduct a geophysical and sampling program with a view to future drilling.
“We continue to look at accretive projects around the globe,” said ACME Lithium CEO Steve Hanson. To this end, ACME Lithium has two claims in Manitoba including the Cat-Euclid Lake project claim and the Shatford Lake project claim. Its recent agreement for US$3 million with Lithium Royalty shows intent to pursue development in this region.
ACME Lithium owns and is under the option to acquire a combined 100% interest in 122 claims totalling 2,440 acres in Clayton Valley. The company also owns 100% interest in 81 lode mining claims totalling 1,620 acres in Fish Lake Valley.
The company’s leadership team has decades of experience in the mining, energy and finance sectors. ACME Lithium also boasts multiple notable industry figures, including Yiannis Tsitos, who has worked for the BHP Billiton group, William Feyerabend, who has direct experience in developing lithium projects and Steve Hanson, who has been involved in multiple successful M&A transactions in the mining and resource sector, including exit strategies with major corporations.
The Clayton Valley project is located 190 miles northwest of the city of Las Vegas in Esmeralda County in Nevada. The property spans 2,440 acres with year-round access to expertise, infrastructure, rail and roads, power and water including favorable weather conditions and logistics. Clayton Valley is located directly to the south of Albemarle Corporation’s Silver Peaks lithium mine that has produced lithium minerals from brines continuously since 1966 including samples as high as 228 ppm lithium. Concentrations up to +1,000 ppm have also been found to occur within specific horizons of fine sediments.
ACME Lithium’s claims on the Clayton Valley project cover basin-fill sediments and aquifers similar to the sediments currently producing brines in the region based on historic drill information and geophysical survey results. There is also promising evidence that the extensive valley growth faults provide an adequate plumbing system to foster brine reservoir accumulation for moving fluids around.
ACME Lithium owns and is under the option to acquire a combined 100 percent interest in 122 claims including the CC, CCP, JR and SX Placer claims on the Clayton Valley property. Moving forward, the company plans to continue interpreting geophysical survey data and results as well as develop its drill targets to test indicated and prospective aquifers. The company believes it has the potential to host lithium brines sourced from lithium tertiary clays accumulated in a basin environment similar to the Silver Peak lithium mine.
The Fish Lake Valley project is located in Esmeralda County in Nevada. The project spans 1,620 acres with year-round access to expertise, infrastructure, rail and roads, power and water including favorable weather conditions and logistics. Fish Lake Valley is located 24 miles northwest of Albemarle Corporation’s Silver Peak’s lithium mine that has produced lithium minerals from brines continuously since 1966. Concentrations up to +1,000 ppm have been found to occur within specific horizons of fine sediments and the Silver Peak mine includes samples as high as 228 ppm.
Exploration at Fish Lake Valley since 2010 has revealed sites with anomalous lithium values greater than 100 ppm in Tertiary claystone, sediment samples with values approaching 600 ppm lithium in claystone, positive geophysical surveys and lithium within clay-rich horizons. In 2016, initial mapping and sampling completed by the previous operator found lithium values with potentially the same process as at Clayton Valley ranging from 5 to 40 ppm in mudstones. In 2018, the previous operator confirmed that it was, in fact, the same geological process resulting in high lithium values in fine sediments found at the Fish Lake Valley property.
ACME Lithium owns 100% interest in 81 lode mining claims on the property. The company is currently in the process of designing drill testing of lithium claystone to determine the economic potential. Beginning in the third quarter of 2021, the company plans to begin to identify new targets and expand exploration of the property through in-depth mapping, sampling, and geophysics tests.
Located in the McDermitt Caldera region, ACME Lithium acquired 100 percent interest in 340 placer mining claims across approximately 6,727 acres. The Warm Springs (WS) project is near the Nevada border. The region is predominantly volcanic basalts with basal rhyolite and dacite tufts and sediments. Volcanics feeding warm springs in the claim area, covering the tuffaceous and sedimentary parts of the region.
Stephen Hanson has over 28 years of finance and corporate development experience across four continents. Hanson has held executive (CEO), board and advisor positions for numerous private and public companies in mining, alternative energy, oil and gas sectors. Hanson has been involved in a number of successful M&A transactions including exit strategies with major corporations.
Yannis Tsitos is originally a physicist-geophysicist with nearly 30 years of experience in the mining industry, including 19 years with BHP Billiton group which is one of the biggest mining companies in the world. Tsitos is currently the President of Goldsource Mines Inc., a TSXV-listed company, and sits on several boards as an independent director.
William Feyerabend is a Certified Professional Geologist and a member of the American Institute of Professional Geologists with direct working experience in the exploration and development of lithium projects, including technical reports in Nevada. Feyerabend has worked on projects in the American West, Mexico and South America.
Vivian Katsuris is a specialist in corporate development, management, consulting, and corporate services. Katsuris has over 28 years of financial experience in the brokerage industry, the North American capital markets and public financings. Katsuris holds director and officer positions with several CSE- and TSXV-listed companies.
Zara Kanji is experienced in financial reporting compliance for junior listed companies, taxation, general accounting, financial reporting and value-added advisory services for individuals, private and public companies. Kanji is a member of the Chartered Professional Accountants of BC and Canada.
Paul McGuigan is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of the Province of British Columbia, with 47 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance. As a geochemist, he developed the mineral separation techniques now commonly employed in mineral exploration, diamond exploration, and heavy mineral sands sampling. First employed by Resource Associates of Alaska, Pechiney Ugine Kuhlmann, and Esso Minerals Canada, he operated in Canada and the United States. For the last 36 years, Mr. McGuigan has managed the Cambria group of consulting companies in North and South America, Europe, Africa, the Middle East, and the Southwest Pacific. He has served as a member of the Consulting Practice and the Geoscience Committees of the Engineers and Geoscientists of BC.
Matt Banta has over 20 years of technical and professional experience in groundwater and surface water resource inventories, water development projects, and water resource management. Has managed and completed numerous groundwater and surface water resource investigations and inventories, hydraulic testing programs, aquifer testing programs and groundwater characterization studies throughout the world and western United States with focus on lithium brine, open pit, and underground mining projects.
Has extensive professional expertise in stakeholder engagement, environmental and natural resource studies, permitting, regulatory compliance, groundwater and surface water monitoring plans, and drilling program planning and management in the United States, Canada, South America, Russia, and Mexico.
ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to report that it has commenced an extensive summer exploration program at ACME's 11,803 acre Shatford and Cat-Euclid Lake project areas in southeastern Manitoba.
ACME's Shatford Lake claim area is located strategically and contiguous to the south of Sinomine's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969, located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims are approximately 20 kilometres to the north of the Tanco Mine.
ACME Lithium's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Our exploration focus is on spodumene-bearing LCT pegmatites that can be a source for lithium carbonate deposits.
At both projects, three two-man crews will focus exploration in areas with abundant outcrop in favourable structural areas. Work will involve soil, rock, and till sampling. Structural mapping will be done on outcrops within the favourable structural domains to identify joint sets favoured to host pegmatite bodies.
Dane Bridge, P. Geol. is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/130209
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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to announce that President and CEO Steve Hanson and members of ACME's technical team will be meeting and presenting a detailed overview of ACME's US and Canadian lithium projects to industry and investment representatives at Fastmarkets Lithium Supply and Battery Raw Materials 2022 Monday June 27th to Wednesday June 29th in Phoenix, Arizona.
The Fastmarkets Lithium and Battery Raw Materials Conference, a three-day event, is the largest global forum for lithium and battery raw materials, with keynote speakers and attendees from the world's top producers, to end users as well as participants along the entire supply chain. Fastmarkets is the most trusted cross-commodity price reporting agency (PRA) in the agriculture, forest products, metals and mining, and energy transition markets.
Link to Lithium Supply and Battery Raw Materials 2022 event
ACME Lithium recently announced that it had successfully completed hole DH-1 at its Clayton Valley lithium brine project to a total depth of 1400 feet or 427 meters below ground surface. Prospective basin sediments have been encountered and delineated as highly probable for aquifer units based on permeability features, lithology, and color. Sampling is ongoing and will target stratigraphic features expected to contain brine. These samples are being sent to an independent lab and analyzed for lithium, boron, and other minerals typical of lithium enriched brine systems.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to report that the Company has successfully completed hole DH-1 at the Clayton Valley lithium brine project to a total depth of 1400 feet or 427 meters below ground surface.
Prospective basin sediments have been encountered and delineated as highly probable for aquifer units based on permeability features, lithology and color. The core is consistent with the known basin stratigraphy. Most notably, an upper volcanic ash unit was encountered from 181 feet to 195 feet which is consistent with the depth and composition of the Main Ash Unit (MAU) in Clayton Valley. Multiple permeability features consisting of coarse sands and gravels, and sand and gravel with weak clay matrix were encountered from approximately 479 feet to 1400 feet TD. From the logged core, these permeability features increased in frequency and in depth below the silt and clay dominated stratigraphy higher in the hole above 479 feet. A second ash layer or lacustrine tuff was encountered from 1,180 to 1,250 feet which also exhibits characteristics of a potential lithium bearing aquifer deeper in the depositional sequence in Clayton Valley.
Cemented surface casing was set to a depth of 200 feet and perforated three-inch PVC casing was installed from 200 feet to TD. The perforations allow formation fluids to flow thru the casing. Downhole logs and geophysical surveys were completed for hole deviation, natural gamma, fluid conductivity and temperature. The downhole geophysical surveys confirm the stratification of denser fluids at depth. Natural gamma, fluid conductivity, and temperature logs all indicate possible brine inflow zones starting around 850 feet with electrical conductivity and total dissolved solids increasing with depth to 1400 feet TD.
Fluids in the wellbore will be developed out of the hole via airlift to remove potential drilling contaminants. The well will be allowed to recover and equilibrate after the airlift development. Upon completion of well development activities, individual passive composite zone samples will be collected using HydraSleeve™ and Snap Sampler™ technology. Sample zones will target stratigraphic features expected to contain brine. These samples will be sent to an independent lab and analyzed for lithium, boron and other minerals typical of lithium enriched brine systems.
It is expected that the fluids in the casing will stratify by density, so the resulting data will indicate if potentially economic lithium brines are present. If so, the geologic and geophysical data will help identify specific horizons to be tested in a Phase 1B drill program which will include a separate, larger diameter well for completion of brine aquifer permeability testing and sampling. Phase 1B is expected to be executed during the 3rd and 4th quarter of 2022.
ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle's Silverpeak lithium deposit which has been in production since 1966. Harris Drilling Exploration and Associates Inc. has been contracted by ACME's operator, GeoXplor Corp., to provide drilling services and related activities.
ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.
William Feyerabend, Certified Professional Geologist is a qualified person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to announce that Phase 1 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle's Silverpeak lithium deposit which has been in production since 1966. Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities.
Drilling at Clayton Valley, Nevada (Fig.1)
To view an enhanced version of Fig. 1, please visit: https://orders.newsfilecorp.com/files/7776/126551_f773be678415196d_002full.jpg
Phase 1A will consist of advancement of an HQ core hole up to 500 meters at location DH-1 to assess lithology, permeability features, clay, sand and gravel content, and lithium brine potential. A monitoring well will be temporarily installed in the core hole upon completion of drilling. Brine samples will be collected from the well at depth intervals and then independently analyzed for lithium, boron, and other minerals typical of lithium enriched brine systems. The temporary well will be plugged and abandoned upon completion of testing or within 60 days from completion of drilling.
Pending the results of Phase 1A, additional characterization work will be completed (Phase 1B) which will include drilling a separate, larger diameter well for completion of brine-aquifer testing and sampling.
Drilling at Clayton Valley, Nevada (Fig.2)
To view an enhanced version of Fig. 2, please visit: https://orders.newsfilecorp.com/files/7776/126551_f773be678415196d_003full.jpg
ACME completed its Phase 1 Gravity Survey and Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey this past fall 2021. Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated ash and/or pebble gravels.
ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.
William Feyerabend, Certified Professional Geologist is a qualified person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to announce that President and CEO Steve Hanson will be meeting and presenting to investors at 121 Mining Investment New York. https:www.weare121.com121mininginvestment-new-york
The 121 Mining Investment New York Conference takes place on June 6th and 7th and attracts US and international investors for two days of investment-led panel sessions and CEO presentations.
With the rapid demand for securing a domestic supply of lithium, Nevada is at the forefront of mining in the US and remains one of the world's most attractive jurisdictions for mining investment.
ACME's CEO Steve Hanson will be presenting an overview of ACME's two Nevada projects including the upcoming drill campaign at Clayton Valley, Nevada, as well as information on ACME's Manitoba projects.
Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and at Cat-Euclid and Shatford Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson Chief Executive Officer, President and Director Telephone: (604) 564-9045 info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from the drilling program to be carried out on the FLV property. Information inferred from the interpretation of drilling and other sampling results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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Virtual Investor Conferences, the leading proprietary investor conference series, today announced that the presentations from the July 27 th and July 28 th Metals & Mining Growth Virtual Investor Conference are now available for on-demand viewing.
REGISTER NOW OR LOGIN AT: https://bit.ly/3cGK3Om The company presentations will be available 24/7 for 90 days. Investors, advisors, and analysts may download investor materials from the company's resource section.
Companies are accepting 1x1 management meeting requests through August 2nd.
To facilitate investor relations scheduling and to view a complete calendar of Virtual Investor Conferences, please visit www.virtualinvestorconferences.com .
Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.
Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.
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Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTCQB: FRRSF) (FSE: F0R0) (WKN: A3DCC8) ("Foremost" or the "Company") (www.foremostlithium.com) is pleased to announce it has received assay results from core samples collected from its previously announced ten-hole 1,509 metre drill program on its 100 percent owned Zoro Lithium Project located near the historic mining district of Snow Lake, Manitoba. As disclosed in Table 1, below, highlight assay results include 1.33% Li2O on the newly discovered Dyke 16. The program tested geological and Mobile Metal Ion ("MMI") soil geochemical targets and assessed previously discovered Dyke 8 at its deeper levels. Multi-element analyses for lithium and related elements and gold assays were undertaken by Activation Laboratories ("Actlabs"; Ancaster, Ontario).
John Gravelle, President and CEO of Foremost Lithium, comments, "The ongoing discovery of the 16th spodumene - bearing pegmatite dyke on our Zoro property has been confirmed by our latest drill program. With the results of a recently completed UAV-assisted magnetic survey and our historic and current exploration database we look forward to defining additional follow-up opportunities for lithium pegmatite diamond drilling exploration on our Zoro property."
Lithium Dyke 16- The newest spodumene-bearing pegmatite dyke to be discovered on the Zoro property. A total of 8.28 metres of spodumene-bearing pegmatite was intersected by two drill holes, DDH FM22-70 and DDHF22-70B in 2022, which intersected spodumene-bearing pegmatites between 32.44m and 35.80m. Assay results vary from 0.04% to 1.33% Li2O in 4 core samples over 3.36m. Hole-DDHFM22-70B, drilled to undercut the first pegmatite intercept, intersected 4.92m of spodumene-bearing pegmatite with lithium contents varying from 0.04% to 1.05% Li2O in 5 core samples (Table 1). Spodumene contents in the dykes vary between 3 and 15%, are light green in colour and occur as individual crystals and crystal aggregates. The host rocks are fine-grained, variably altered foliated basalt.
Related metal concentrations in Dyke 16 for Cs (225-476 ppm), Nb (74.9-116.2 ppm) and Ta (28.3-89.7 ppm) compare favourably with those for Dyke 1.
Dyke 8- High-grade spodumene pegmatite Dyke 8 was discovered on the Zoro property in 2018 by drill testing of a Mobile Metal Ions soil geochemical anomaly. Discovery hole Far18-35 intersected 36.5m of spodumene-bearing pegmatite including individual intercepts of 12.3m of 1.1% Li2O, 4.4 m of 1.2 % Li2O, and 2.2 m of 1.5% Li2O.
Hole-DDHFM22-71 undercut the original 2018 pegmatite discovery and intersected two discrete pegmatites. A spodumene-bearing pegmatite was intersected between 70.45 and 75.89m and a second between 84.4 m and 86.65 m. Host rocks include fine-grained, variably altered, and foliated basalt +/- pyroxene. Assay results from the first pegmatite intersection vary from 0.05%-0.86% Li2O in 5 core samples over 4.71 m and 0.05% Li2O in each of 2 core samples over 2.25 m from the second pegmatite intersection (Table 1).
As demonstrated in Table 1, below, the highest concentrations for related metals Cs (1440 ppm) and Nb (137.9); cf. sample 423028; (Table 1) in Dyke 8 occur in a pegmatite with no visible spodumene. The Li2O content in this sample is 0.21% suggesting the likely but undetected presence of a lithium-bearing mineral. Tantalum analyses from Dyke 8 core samples vary between 30.2 ppm and 88.5 ppm.
Gold Fine-grained disseminated, veinlet and fracture-controlled arsenopyrite, pyrite and lesser chalcopyrite were observed in the core from Hole-DDHFM22-072. Fifty-one drill core samples were collected from silicified and locally quartz-potassium feldspar flooded quartz feldspar porphyry (QFP) and 5 core samples from Hole-DDHFM22-063 in dark green, foliated, chloritic and silicified basalt locally overprinted with pink and red garnet. Mineralized intervals in altered QFP varied from 2 m to 21.8 m and in a single interval of 3.89 m in altered basalt.
Results for the QFP have a range in concentration of below detection of 1part per billion to 4.76 g/t gold with an average of 0.31g/t. The highest gold content of 4.76 g/t occurs in a 0.68 m wide grey, mottled, foliated and boudinage QFP with visibly altered feldspar phenocrysts. Assays from the altered basalt samples vary from below detection of 1part per billion to 0.16 g/t over a core interval of 3.89 m.
All samples were analyzed for gold contents based on a 30-gram fire assay and an Instrumental Neutron Activation Analysis (INAA) finish.
Future Exploration Exploration on the Zoro property will be based on the ground truthing of UAV-assisted magnetic surveys and the integration of any anomalous magnetic signatures with soil and rock chip geochemical survey data. This database will be combined with historic and current exploration data to provide drill targets.
Sample Shipping, Preparation and Analysis After core logging, all samples were sawn in half and one half of the core placed in labelled sample bags and stored in sealed white vinyl pails until securely transported to Activation Laboratories for sample preparation, UT-7 multielement analysis and fire assay. The UT-7procedure is based upon a sodium pyrophosphate total dissolution and analysis by ICP-MS.
All core samples were prepared by crushing to 80% passing 2mm, riffle split (250 gram), and then pulverized using mild steel to 95% passing 105 µm (Actlabs Code RX1). Gold content was determined by fire assay of a 30-gram sample with INAA finish (Actlabs method code 1A1).
QA/QC Statement All samples collected during the 2022 drill program were analyzed for lithium and related metals to be consistent with previous years submissions for UT-7 analysis of pegmatite samples. Rock sample analyses have been independently monitored with a quality assurance/quality control ("QA/QC") protocol which includes the insertion of blind standard reference materials and analytical blanks at regular intervals.
Activation Laboratories is independent of Foremost Lithium and its Ancaster facility is ISO9001:2015 certified. Activation Laboratories also performs internal QA/QC procedures to assure the accuracy and integrity of results. Parameters for both Actlabs internal and Foremost' s external blind quality control samples were acceptable for the samples analyzed. Foremost Lithium is not aware of any sampling, or other factors that could materially affect the accuracy or reliability of the data referred to herein.
QP Statement Core logging and sampling were completed under the supervision of Dr. Mark Fedikow. All samples are collected and maintained in accordance with established QA/QC protocols. The technical content of this news release has been reviewed by Dr. Mark Fedikow, P.Geo. who is a Qualified Person as defined by NI 43-101.
About Foremost Lithium Resource & Technology Ltd. Foremost Lithium is a resource exploration company committed to having a critical role in the production of high-quality battery-grade lithium hydroxide to fuel the electric vehicle and battery storage market. Given the importance and global focus on increasing decarbonization, the company is hyper-focused on continued exploration and growth on its six lithium projects: Jean Lake, Grass River Claims, Zoro, Jol and the Peg North Claims, in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
For further information please contact: John Gravelle President and CEO Foremost Lithium Resource &Technology Ltd. Email: info@foremostlithium.com Phone: +1 (604) 330-8067
Follow us or contact us on social media: Twitter: @foremostlithium Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/mycompany Facebook: https://www.facebook.com/ForemostLithium
Forward-looking statement: This news release contains "forward-looking statements" and "forward-looking information" (as defined under applicable securities laws), based on management's best estimates, assumptions, and current expectations. Such statements include but are not limited to, statements with respect to the plans for future exploration and development of the Company's properties and the acquisition of additional exploration projects. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", "anticipates" "plans", "anticipates", "believes", "intends", "estimates", "projects", "aims", "potential", "goal", "objective", "prospective", and similar expressions, or that events or conditions "will", "would", "may", "can", "could" or "should" occur. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those expressed or implied by such statements, including but not limited to: risks related to the Company's projects; risks related to general economic conditions, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; increases or decreases in market prices of mining consumables, possible variations in resource estimates, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of exploration, development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, changes in applicable laws or stock exchange policies and receipt of any requires regulatory approvals and political and economic developments in areas in which the Company operates. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The forward-looking statements and forward-looking information are made as of the date hereof and are qualified in their entirety by this cautionary statement. The Company disclaims any obligation to revise or update any such factors or to publicly announce the result of any revisions to any forward-looking statements or forward-looking information contained herein to reflect future results, events or developments, except as require by law. Accordingly, readers should not place undue reliance on forward-looking statements and information. Please refer to the Company's most recent filings under its profile at www.sedar.com for further information respecting the risks affecting the Company and its business.
UNITED STATES ADVISORY. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), have been offered and sold outside the United States to eligible investors pursuant to Regulation S promulgated under the U.S. Securities Act, and may not be offered, sold, or resold in the United States or to, or for the account of or benefit of, a U.S. Person (as such term is defined in Regulation S under the United States Securities Act) unless the securities are registered under the U.S. Securities Act, or an exemption from the registration requirements of the U.S. Securities Act is available. Hedging transactions involving the securities must not be conducted unless in accordance with the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in the state in the United States in which such offer, solicitation or sale would be unlawful.
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MONTREAL, QC / ACCESSWIRE / Le 27 juillet 2022/ Corporation Lithium Éléments Critiques (TSX-V:CRE) (US OTCQX:CRECF) (FSE:F12) (« Critical Elements» ou la « Société ») est heureuse d'annoncer le dépôt sur SEDAR d'un rapport technique conforme au Règlement 43-101 - Information sur les projets miniers (« Règlement 43-101 ») constituant le rapport à l'appui de l'étude de faisabilité annoncée précédemment à l'égard du projet Rose lithium-tantale situé à la Baie-James au Québec. Pour toute information supplémentaire, se référer au communiqué de presse de Critical Éléments émis le 13 juin 2022. Les faits saillants de l'étude de faisabilité sont les suivants:
Une copie du rapport technique, lequel a été déposé sur SEDAR le 27 juillet 2022, sera disponible sur le site web de la Société au https://www.cecorp.ca/en/rose-43-101/.
L'étude de faisabilité a été préparée conformément aux normes du Règlement 43-101 par WSP Canada Inc. (« WSP »), Bumigeme Inc, et InnovExplo Inc.. InnovExplo Inc était responsable de l'estimation des ressources et du plan minier, Bumigeme Inc. était responsable du traitement du minerai, WSP était responsable de l'étude environnementale, des infrastructures du projet, de la modélisation financière et de l'intégration du rapport. Les informations concernant les perspectives du lithium proviennent d'une étude de marché préparée par M. Gerrit Fuelling pour le compte de la Société. M. Fuelling est un consultant indépendant spécialisé dans le marché du lithium.
Les personnes qualifiées pour l'étude sont :
À propos de Critical Elements Lithium Corporation
Critical Elements aspire à devenir un fournisseur responsable de lithium aux industries florissantes des véhicules électriques et des systèmes de stockage d'énergie. À cette fin, Critical Elements fait progresser le projet de lithium de haute pureté Rose situé au Québec et détenu en propriété exclusive par la Société. Rose est le premier projet de lithium de la Société à être avancé dans un portefeuille de terrains de plus de 700 kilomètres carrés. Le 13 juin 2022, la Société a annoncé les résultats d'une étude de faisabilité sur Rose pour la production de concentré de spodumène. Le taux de rendement interne après impôts du Projet est estimé à 82,4 %, avec une valeur actualisée nette après impôts estimée 1,915 milliards US$ à un taux d'actualisation de 8 %. Du point de vue de la Société, le Québec est stratégiquement bien positionné pour les marchés des États-Unis et de l'UE et dispose d'excellentes infrastructures, notamment un réseau électrique à faible coût et à faible émission de carbone contenant 93 % d'hydroélectricité. Le Projet a reçu l'approbation du ministre fédéral de l'Environnement et du Changement climatique sur la recommandation du Comité d'évaluation conjoint, composé de représentants de l'Agence d'évaluation d'impact du Canada et du gouvernement de la Nation Crie; la Société travaille à obtenir une approbation similaire dans le cadre du processus d'évaluation environnementale du Québec. La Société a aussi une bonne relation avec la Nation Crie.
Pour plus d'informations, veuillez contacter :
Patrick Laperrière Directeur des relations aux investisseurs et développement corporatif 514-817-1119 plaperriere@cecorp.ca www.cecorp.ca
Jean-Sébastien Lavallée, P. Géo. Chef de la direction 819-354-5146 jslavallee@cecorp.ca www.cecorp.ca
Ni la Bourse de croissance TSX ni son fournisseur de services de réglementation (tel que ce terme est décrit dans les politiques de la Bourse de croissance TSX) n'acceptent la responsabilité de la pertinence ou de l'exactitude de ce communiqué.
Mise en garde concernant les déclarations prospectives
Ce communiqué de presse contient des « informations prospectives » au sens de la législation canadienne sur les valeurs mobilières. En règle générale, les informations prospectives peuvent être identifiées par l'utilisation de termes prospectifs tels que « prévu », « anticipe », « s'attend à » ou « ne s'attend pas à », « est prévu », « prévu », « ciblé », ou « croit », ou des variantes de ces mots et phrases ou déclarations que certaines actions, événements ou résultats « pourraient », ou « seraient », « se produisent » ou « seront atteints ». Les informations prospectives contenues dans les présentes comprennent, sans s'y limiter, les déclarations relatives à l'achèvement du programme d'exploration 2022 et ses objectifs connexes, l'achèvement du processus d'obtention d'autorisation provincial et ses effets positifs potentiels sur la Société et le Projet, la réalisation d'une étude technique pour une usine chimique de production d'hydroxyde de lithium monohydraté de haute qualité, la préparation des travaux de conception technique de l'usine de traitement et des infrastructures connexes, l'annonce le 13 juin 2022 de résultats d'une étude de faisabilité sur Rose pour la production de concentré de spodumène, les contrats d'achat à terme et les acheteurs des produits de la Société, en obtenant un financement suffisant à des conditions et poursuite des discussions positives et relations avec les communautés locales et les parties prenantes. Les informations prospectives sont fondées sur des hypothèses que la direction juge raisonnables au moment où ces déclarations sont faites. Rien ne garantit que ces déclarations se révéleront exactes, car les résultats réels et les événements futurs pourraient différer sensiblement de ceux anticipés dans ces déclarations. Par conséquent, les lecteurs ne devraient pas se fier indûment aux informations prospectives.
Bien que Critical Elements ait tenté d'identifier des facteurs importants qui pourraient faire en sorte que les résultats réels diffèrent sensiblement de ceux contenus dans les informations prospectives, d'autres facteurs peuvent faire en sorte que les résultats ne soient pas ceux anticipés, estimés ou prévus. Les facteurs qui peuvent faire en sorte que les résultats réels diffèrent sensiblement des résultats attendus décrits dans les informations prospectives comprennent, sans s'y limiter : résultats du programme d'exploration de 2022 de la Société et effets sur les objectifs énoncés de la Société, résultats de l'étude d'ingénierie pour une usine chimique de production d'hydroxyde de lithium monohydraté de haute qualité, problèmes rencontrés en lien avec les travaux d'ingénierie préliminaires, impact de l'étude de faisabilité mise à jour sur le Projet, la capacité de Critical Elements à obtenir un financement suffisant pour faire avancer et terminer le Projet, les incertitudes associées aux estimations des ressources et des réserves de la Société, les incertitudes concernant l'offre et la demande mondiales de lithium et de tantale et les prix du marché et de vente, les incertitudes associées à la sécurisation des contrats d'achat à terme et des contrats clients, les incertitudes concernant les aspects sociaux, les impacts sur la communauté et l'environnement, les incertitudes concernant les opportunités d'optimisation du Projet, ainsi que les facteurs de risque énoncés dans le rapport de gestion de fin d'exercice de la Société daté du 31 août 2021 et d'autres documents d'information disponibles sous le profil SEDAR de la Société. Les informations prospectives contenues dans les présentes sont faites à la date de ce communiqué de presse et Critical Elements décline toute obligation de mettre à jour toute information prospective, que ce soit à la suite de nouvelles informations, d'événements ou de résultats futurs ou autrement, sauf si requis par lois sur les valeurs mobilières.
LA SOURCE: Critical Elements Lithium Corporation
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Critical Elements Lithium Corporation (TSX-V:CRE) (US OTCQX:CRECF) (FSE:F12) ("Critical Elements" or the "Corporation")is pleased to announce the filing on SEDAR of a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") compliant technical report representing the qualifying report for the recently-announced Feasibility Study at the Rose Lithium-Tantalum Project located in James Bay, Québec. For more information, please refer to Critical Elements' press release dated June 13, 2022. Highlights of the Feasibility Study are as follows
A copy of the technical report, which was filed on SEDAR on July 27, 2022, will be available on the Critical Elements' website at https://www.cecorp.ca/en/rose-43-101/.
Qualified Persons for NI 43-101 compliant report
The Feasibility Study was prepared in accordance to NI 43-101 standards by WSP Canada Inc ("WSP"), Bumigeme Inc., and InnovExplo Inc. InnovExplo Inc. was responsible for the resource estimate and the mine plan, Bumigeme Inc. was responsible for the mineral processing, and WSP was responsible for the environmental study, project infrastructure, financial modelling, and report integration. Information regarding the outlook for lithium comes from a market study prepared by Mr. Gerrit Fuelling on behalf of the Corporation. Mr. Fuelling is an independent consultant specializing in the lithium market.
The qualified persons for the study are:
About Critical Elements Lithium Corporation
Critical Elements aspires to become a large, responsible supplier of lithium to the flourishing electric vehicle and energy storage system industries. To this end, Critical Elements is advancing the wholly owned, high purity Rose lithium project in Québec. Rose is the Corporation's first lithium project to be advanced within a land portfolio of over 700 square kilometers. On June 13th, 2022, the Corporation announced results of a feasibility study on Rose for the production of spodumene concentrate. The after-tax internal rate of return for the Project is estimated at 82.4%, with an estimated after-tax net present value of US$1.9 B at an 8% discount rate. In the Corporation's view, Québec is strategically well-positioned for US and EU markets and boasts good infrastructure including a low-cost, low-carbon power grid featuring 93% hydroelectricity. The project has received approval from the Federal Minister of Environment and Climate Change on the recommendation of the Joint Assessment Committee, comprised of representatives from the Impact Assessment Agency of Canada and the Cree Nation Government; The Corporation is working to obtain similar approval under the Québec environmental assessment process. The Corporation also has a good, formalized relationship with the Cree Nation.
Patrick Laperrière Director of Investor Relations and Corporate Development 514-817-1119 plaperriere@cecorp.ca www.cecorp.ca
Jean-Sébastien Lavallée, P. Géo. Chief Executive Officer 819-354-5146 jslavallee@cecorp.ca www.cecorp.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is described in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary statement concerning forward-looking statements
This news release contains "forward-looking information" within the meaning of Canadian Securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "scheduled", "anticipates", "expects" or "does not expect", "is expected", "scheduled", "targeted", or "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information contained herein include, without limitation, statements relating to the completion of the 2022 exploration program and its related objectives, the completion of the provincial permitting process and its potential positive effects on the Corporation and the Project, the completion of engineering study for a chemical plant to produce high quality lithium hydroxide monohydrate, the preparation of the front-end engineering design work for the process plant and related infrastructure, the announce, on June 13th, 2022, of results of a feasibility study on Rose for the production of spodumene concentrate, off-take agreements and purchasers for the Corporation's products, securing sufficient financing on acceptable terms and continued positive discussions and relationships with local communities and stakeholders. Forward-looking information is based on assumptions management believes to be reasonable at the time such statements are made. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.
Although Critical Elements has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Factors that may cause actual results to differ materially from expected results described in forward-looking information include, but are not limited to: results of the Corporation's 2022 exploration program and effects on the Corporation's stated objectives, results of the engineering study for a chemical plant to produce high quality lithium hydroxide monohydrate, issues encountered in connection with the front-end engineering work, impact of the Updated Feasibility Study on the Project, Critical Elements' ability to secure sufficient financing to advance and complete the Project, uncertainties associated with the Corporation's resource and reserve estimates, uncertainties regarding global supply and demand for lithium and tantalum and market and sales prices, uncertainties associated with securing off-take agreements and customer contracts, uncertainties with respect to social, community and environmental impacts, uncertainties with respect to optimization opportunities for the Project, as well as those risk factors set out in the Corporation's year-end Management Discussion and Analysis dated August 31, 2021 and other disclosure documents available under the Corporation's SEDAR profile. Forward-looking information contained herein is made as of the date of this news release and Critical Elements disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.
SOURCE: Critical Elements Lithium Corporation
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Marvel Discovery Corp. (TSXV:MARV)(Frankfurt:O4T)(OTCQB:MARVF); ("Marvel" or the "Company") is pleased to report that a field crew has been mobilized to the Duhamel Ni-Cu-Co and Ti-V-Cr property (the ‘Property') located 350 kilometres (km) north of Quebec City, QC (Figure 1). Following the interpretation of the TDEM and magnetic airborne survey, Marvel increased its land position in the Saguenay-Lac-Saint-Jean Anorthosite Suite from 42 claims to 102 claims for a total of 5,300 hectares (see press release dated February 15, 2022
Figure 1. Regional location of the Duhamel Property
Late-off time TDEM response anomalies have outlined 7 linear target trends (A through G) that strike northwest-southeast for several kilometres.
Figure 2. Late-off time TDEM response anomalies on the Duhamel Ni-Cu-Co Property.
These Late-off time TDEM responses coincide well with the edges of magnetic highs, making them targets of high merit for massive sulphides (Figure 3).
Figure 3. Late-off time TDEM response anomalies over tilt angle derivative magnetics.
Compilation of historical drilling and mineralized showings reveal remarkable coincidence of these 7 trends with recorded Ni-Cu-Co bearing massive to semi-massive sulphides (Figure 4).
Figure 4. TDEM-magnetic trends coincident with recorded Ni-Cu-Co mineralization and Fe-Ti (V, Cr) mineralization. True widths of mineralization is not yet known.
Crews have been mobilized to the property to confirm historic drill holes that contain highly anomalous Ni-Cu-Co intersections, confirm the nature and significance of Ni-Cu-Co showings, survey those areas of high merit with a Beep Mat and prospect the newly interpreted TDEM trends for new Ni-Cu-Co mineralization. If the historical drill holes can be located, low frequency downhole surveys will be performed to assist with future targeting efforts.
"Exploration crews are now mobilized at the Duhamel Ni-Cu-Co Property, we are extremely pleased with the results of the heliborne survey in generating targets. The Duhamel Property is a fertile host for Ni-Cu-Co massive sulphides and iron Ti-V-Cr mineralization demonstrated by historical exploration. We remain confident that our field crews will not only confirm historical showings, but also find new Ni-Cu-Co-occurrences along these trends. We are very keen to determine if the historic drill collars can be located, and if it is possible to conduct low frequency BHEM downhole surveys on these holes. It is common that the higher conductivity representing Ni-Cu bearing massive sulphides are missed by previous operators and these lenses of mineralization are located just off-hole. The results of the field work will enable us to define and select our best targets for diamond drilling." stated Karim Rayani - President & Chief Executive Officer, Director.
The Duhamel project is located between Chutes-des-Passes and Pipmuacan Reservoir deformation zones (or areas) included in central part of Proterozoic Grenville Geological Province (Figure 2). The Duhamel Property is characterized by the presence of large mafic to ultramafic intrusive rock bodies located in northern margin of the Saguenay‐Lac‐Saint‐Jean (SAGLSJ) Anorthosite Suite, one of the largestanorthosite intrusive bodies in the world. The Chute-des-Passes-Pipmuacan reservoir areas contains numerous massive sulfide and iron oxide mineralization occurrences recognized and documented by the Quebec government (Sigeom, Figure 5).
Figure 5. Ni‐Cu‐Co and Fe‐Ti‐P‐V mineral occurrences on the Chute-des-Passes and Pipmuacan Areas (modified from Hébert et Cadieux, 2002)
The Duhamel Property currently contains seven (7) occurrences of Ni-Cu-Co sulphides and one (1) Fe-Ti-V iron oxide occurrence discovered between 1997 to 2001 by previous operators who defined a 13 km long mineralized rock corridor (Figure 4). Drill intercept highlights include 1.27% Ni, 0.33% Cu, and 0.12% Co over 3.0 meters by Virginia Gold Mines in 2000 that contained massive sulfides. Compilation of historic assessment reports to date reveals more than thirty (30) Ni-Cu (Co) and four (4) Fe-Ti (V, Cr) mineral occurrences which confirms this corridor to be highly prospective for new Ni-Cu-Co discoveries, as well as Fe-Ti (Cr, V) discoveries.
Further to the compilation of previously filed assessment reports Marvel recovered from historical data a grab sample (from massive Iron-Titanium Oxides), the result assaying 0.28% V2O5 associated with 20.8% TiO2 and 0.13% Cr203.
Mike Kilbourne, P. Geo, an independent qualified person as defined in National Instrument 43-101, has reviewed, and approved the technical contents of this news release on behalf of the Company.
Marvel, listed on the TSX Venture Exchange for over 25 years, is a Canadian based emerging resource company. The Company is systematically exploring its extensive property positions in:
The Company's website is: https://marveldiscovery.ca/
ON BEHALF OF THE BOARD
Marvel Discovery Corp. "Karim Rayani" Karim Rayani President/Chief Executive Officer, Director Tel: 604 716 0551 email: k@r7.capital
Certain statements in this release are forward-looking statements which reflect the expectations of management. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Forward-looking statements in this press release relate to, among other things: completion of the proposed Arrangement. Actual future results may differ materially. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There is no assurance any of the conditions for closing will be met. Forward-looking statements reflect the beliefs, opinions, and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these times. Except as required by law, the Company does not assume any obligation to update the forward-looking statements of beliefs, opinions, projections, or other factors, should they change, except as required by law
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
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