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   Gold/Mining/EnergyRare Earth Elements and Exotic Metals


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To: LoneClone who wrote (22662)6/13/2024 1:44:27 PM
From: LoneClone
   of 23161
 
[Lithium] Brunswick Exploration Launches Multinational Exploration Campaign

ca.finance.yahoo.com

Brunswick Exploration
Thu, June 13, 2024 at 4:00 a.m. PDT·5 min read

BRWXF
-4.15%

MONTREAL, June 13, 2024 (GLOBE NEWSWIRE) -- Brunswick Exploration Inc. (“BRW” or the “Company”) is pleased to announce that it has started a helicopter-supported prospecting campaign in Quebec with additional programs in Labrador and Greenland to begin in July and August 2024, respectively. BRW plans to systematically test hundreds of new and outcropping S-type pegmatite targets across its portfolio.

Mr. Killian Charles, President and CEO of BRW, commented: “While we continue to focus our efforts into the Mirage Project, we are thrilled to start new, ambitious grassroots initiatives throughout Eastern Canada and Greenland. These initiatives are a core pillar of BRW’s strategy and, as the lithium industry remains ripe for new discoveries, we will continue to leverage our exploration expertise to rapidly identify new targets and explore in sound jurisdictions.”

Overview of Prospecting Programs

Quebec

A regional helicopter supported prospecting and mapping program began at the Mirage project, outside the main area of known mineralization. As the 2023 exploration campaign was severely shortened due to forest fires, significant portions of the project remain underexplored. The Mirage project has a total surface area of 21,230 hectares with a potential mineralized corridor of more than 12 kilometers. Already, new pegmatite outcrops with low K/Rb ratios have been identified within this corridor and on strike with the existing dykes drilled in the two previous drill campaigns.

In preparation for the summer drill campaign to be announced in the coming weeks, BRW has decided to expand its assaying methodology at Mirage. Work completed to date indicates that mineralized pegmatites have a broad lithium alteration halo which stretches several dozen meters into the host rock, rapidly enriching in proximity to lithium mineralization. Any anomalous lithium content in the host rock could be indicative of new, buried pegmatites. As such, ten drill holes, two which have intersected mineralization at the start of the hole (MR-23-27 and MR-23-34) as well as another eight holes which did not intersect pegmatite (holes MR-23-23, 24 and MR-24-37, 42, 63, 68, 70 and 71), have been sent for geochemical analysis (full collar table available on the BRW website) with assays pending. Another two historical holes, previously drilled by Osisko Mining in 2017, will also be sent for assaying.

Furthermore, a targeted till program will be conducted in the 3-kilometer boulder train to better define potential drill targets. Results will be incorporated into the forthcoming summer drill campaign which will also target the MR-6 dyke and sizeable lithium mineralization intersected in the neighboring MR-24-60 drill hole.

Next, a regional prospecting, till and soil program will be conducted at the Anatacau Main project, also located in the James Bay area. The efforts will focus on the Eastmain-Sorbier Shear Zone which hosts BRW’s Anatacau West project, the 2023 Anais discovery at Anatacau Main and Arcadium’s James Bay Project (Maiden Ore Reserve of 37.2Mt at 1.3% Li2O). These efforts will lead to a maiden drill program at the Anais Discovery at Anatacau Main property in H2 of this year.

At Elrond, a 6-hole drill program last winter did not intersect significant mineralization within the spodumene-bearing pegmatite. Assays are pending but are not expected to return economic grades or widths. BRW remains focused on delineating its best assets and eliminating targets that do not meet its stringent requirements. It is currently evaluating the next steps at Elrond.

Finally, in early July, the team will complete a 14-day prospecting and mapping program in the Nunavik Region, near the community of Kuujjuak, targeting outcropping S-type pegmatites, one of which is reported to contain lepidolite (purple Li-bearing mica). Importantly, this area hosts over fifty outcropping pegmatites located near tide water and has seen no previous exploration focused on lithium.

SE Labrador

BRW’s prospecting team will move to the Port Hope Simpson area of Labrador after it has completed all high-priority prospecting in Quebec. The 10-day helicopter supported prospecting and mapping program will test multiple evolved S-type pegmatites that contain beryl and tourmaline that have not seen any previous exploration.

Greenland

In late July, the company will start a 2-week program near Nuuk, followed by a 1-week program in Paamiat. The prospecting and mapping initiative will be based out of communities and will target historical beryl and tourmaline-bearing S-type pegmatites, some having anomalous geochemistry typically associated with lithium-bearing pegmatites. These projects are also located near tide water which would facilitate any ensuing drill program.

Qualified Person

The scientific and technical information related to Quebec has been reviewed and approved by Mr. Simon Hébert, VP Development and Mr. François Goulet, Manager Quebec. They are both Professional Geologists registered in Quebec.

The scientific and technical information related to Labrador and Greenland has been reviewed and approved by Mr. Charles Kodors, Manager Atlantic Canada. He is a Professional Geologist registered in New Brunswick, Nova Scotia, Newfoundland and Labrador, Quebec, Ontario, Manitoba and Saskatchewan.

About Brunswick Exploration

Brunswick Exploration is a Montreal-based mineral exploration company listed on the TSX-V under symbol BRW. The Company is focused on grassroots exploration for lithium, a critical metal necessary to global decarbonization and energy transition. The company is rapidly advancing one of the extensive grassroots lithium property portfolios in Canada and Greenland.

Investor Relations/information

Mr. Killian Charles, President and CEO ( info@BRWexplo.com)

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release

Cautionary Statement on Forward-Looking Information

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law. Neither the 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 news release.


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To: LoneClone who wrote (22663)6/13/2024 1:51:52 PM
From: LoneClone
   of 23161
 
Sayona Mining: Moblan drilling reveals further high-grade lithium intersections

ca.finance.yahoo.com

Sayona Mining
Thu, June 13, 2024 at 7:44 a.m. PDT·5 min read

ALTAF
0.00%

SYAXF
0.00%

PLL
+0.04%

PLLTL
0.00%
  • Latest results for 34 new drillholes totalling 7,853m for Sayona’s Moblan Lithium Project, Québec, Canada with highlights including:

    • New South Pegmatites (East):

      • 41.80m @ 1.44% Li2O from 206.20m in drillhole 1331-23-515

      • 40.00m @ 1.37% Li2O from 253.00m in drillhole 1331-23-516

    • New South Pegmatites (West):

      • 39.55m @ 1.63% Li2O from 38.00m in drillhole 1331-23-678

    • Moleon Pegmatites:

      • 44.95m @ 1.56% Li2O from 81.05m in drillhole 1331-23-689

      • 46.75m @ 1.49% Li2O from 197.35m in drillhole 1331-23-689

  • All assay results of the 2023 drilling campaign are now complete, validated and released.

  • New drilling results illustrate the potential connection between the Main, South, New South, Inter and Moleon sectors within a single extensive lithium mineralised system.

  • New 3D geological modelling is underway to consider all 2023 drilling results as part of an updated Mineral Resource Estimate (MRE).

  • Further drilling program of 70,000m to be completed throughout 2024.

MONTREAL, June 13, 2024 (GLOBE NEWSWIRE) -- North American lithium producer Sayona Mining Limited (“Sayona”) (ASX:SYA; OTCQB:SYAXF) announced today the results from 34 new drillholes totalling 7,853 metres at its Moblan Lithium Project (Sayona 60%; Investissement Quebec 40%), demonstrating the potential of a single, large continuous orebody.

All the drilling results from the latest exploration program are now complete, validated and released. The 2023 drill program has been successful in demonstrating the potential to increase the mineral resource base at Moblan. The drilling program was designed to test extensions to mineralisation and provide in-fill data for the upgrade of Mineral Resource categories from the 2023 MRE. Individual dykes have been documented and modelled comprising the Main Zone, South Zone, Inter Zone and Moleon domain. The latest drilling results include the identification of high-grade lithium mineralisation outside the MRE pit shells, particularly in the Inter Zone Area, and support potential conversion of some of the Inferred resources to the Indicated category within the MRE pit shells.

The new drillhole results reinforce the project’s status as the centrepiece of Sayona’s Eeyou-Istchee James Bay hub in northern Quebec, and highlights its potential to expand the existing mineral resource base at Moblan.

Sayona’s Interim CEO, James Brown, commented: “Moblan continues to present outstanding high-grade drilling results over wide intersections. The deposit now extends over ~2.3km E-W, ~1.2km N-S and to depth of ~450m.

"Today's announcement emphasises the continuation of known mineralisation and areas of in-fill between zones, suggesting considerable potential for uncovering additional extensions to this premium lithium deposit.

“Recent results from both Moblan and NAL reinforce the quality and potential of both the Abitibi-Temiscamingue and Eeyou Istchee James Bay hubs which provides Sayona an abundance of options and potential flexibility for development of an integrated lithium business in Quebec.”

For more information, please contact:



For community and local media enquiries, please contact:







Andrew Barber



Bianca Galimi

Investor Relations



Communications and Community Relations







Ph: +617 3369 7058



Ph: +1 819 856-3288

Email: ir@sayonamining.com.au



Email: bianca.galimi@sayona.ca








About Sayona Mining

Sayona Mining Limited is a North American lithium producer (ASX:SYA; OTCQB:SYAXF), with projects in Québec, Canada and Western Australia.

In Québec, Sayona’s assets comprise North American Lithium together with the Authier Lithium Project and the Tansim Lithium Project, supported by a strategic partnership with American lithium developer Piedmont Lithium Inc. (Nasdaq:PLL; ASX:PLL). Sayona also holds a 60% stake in the Moblan Lithium Project in northern Québec.

In Western Australia, the Company holds a large tenement portfolio in the Pilbara region prospective for gold and lithium. Sayona is exploring for Hemi style gold targets in the world class Pilbara region, while its lithium projects include Company-owned leases and those subject to a joint venture with Morella Corporation (ASX:1MC).

For more information, please visit us at sayonamining.com.au

About Investissement Québec

Investissement Québec’s mission is to play an active role in Québec’s economic development by stimulating business innovation, entrepreneurship and business acquisitions, as well as growth in investment and exports. Operating in all of the province’s administrative regions, the Corporation supports the creation and growth of businesses of all sizes with investments and customised financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec Innovation. In addition, through Investissement Québec International, the Corporation prospects for talent and foreign investment, and assists Québec businesses with export activities.

Competent and Qualified Person Statement

The information in this announcement relating to Exploration Results is based on, and fairly represents, information and supporting documentation prepared by Mr. Carl Corriveau, PGeo, VP Exploration of Sayona, Mr Alain Carrier, PGeo, independent consultant (InnovExplo) and Mr Ehouman N’Dah, PGeo, Exploration Manager of Sayona who are all members of the Quebec Order of Geologists, a Registered Overseas Professional Organisation as defined in the ASX Listing Rules, and has sufficient experience which is relevant to the style of mineralisation and type of deposits under consideration and to the activity which has been undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves” and are Qualified Person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr Carrier, Corriveau and N’Dah consent to the inclusion in this release of the matters based on the information in the form and context in which they appear.

Forward Looking Statements

This press release contains certain forward-looking statements. Such statements include, but are not limited to, statements relating to "reserves" or "resources". Forward-looking statements are based on certain assumptions and involve known and unknown risks, uncertainties and other factors, many of which are beyond Sayona’s control. Actual events or results may differ materially from the events or results expressed or implied in any forward-looking statement. There can be no assurance that such information will prove to be accurate as actual results and future events could differ materially from those anticipated in such forward-looking statements.

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To: LoneClone who wrote (22664)6/13/2024 2:11:52 PM
From: LoneClone
   of 23161
 
FE Battery Metals Announces Positive Laboratory Results Producing Lithium Carbonate Grades Exceeding 99% Purity

accesswire.com

Thursday, 13 June 2024 12:35 AM

VANCOUVER, BC / ACCESSWIRE / June 13, 2024 / FE Battery Metals Corp (CSE:FE)(OTCQB:FEMFF)(WKN: A2JC89) ("FE" or the "Company") is pleased to announce the positive results of hydrometallurgical testwork that was able to produce battery grade lithium carbonate from pegmatite samples from its Augustus Lithium Project.

For the study, FE contracted SGS Canada Inc. ("SGS"). The testwork was conducted at SGS' Metallurgical Centre of Excellence testing facility located in Lakefield, Ontario with the objectives of evaluating, establishing, and confirming the optimal hydrometallurgical process flowsheet required to successfully extract high purity lithium carbonate from previously developed spodumene concentrate, produced from FE's flagship Augustus Lithium Project. The Augustus Lithium Project sits adjacent to the North American Lithium mine in Quebec.

The resultant successful hydrometallurgical process involved eight steps that covered phase transformation, roasting, isolation and purification of the original concentrate to precipitate lithium carbonate with a very high purity. Phase transformation of the spodumene was achieved by a process known as calcination, which roasted the concentrate for 60 minutes at 1050°C in a rotary kiln with the resultant calcine ground and acid roasted with sulphuric acid in a rotary kiln at 250°C for 60 minutes.

Impurities such as Al, Fe, Mg, Mn, and Ca were removed during the process by selective precipitation by ion exchange with a LANXESS MDS TP260 resin. With impurities removed, the resultant lithium sulphate solution was subjected to direct lithium carbonate precipitation at 95°C by the addition of sodium carbonate at a specific ratio. Later, this first precipitate was put into a slurry where it was eventually re-precipitated with a resultant purity of 99.95% at a 74% lithium recovery.

"SGS was pleased to support our client, FE Battery Metals Corp, in developing a hydrometallurgical flowsheet for extracting high purity lithium carbonate, a crucial chemical in the battery supply chain. Our Lakefield team is committed to delivering innovation in extractive metallurgy while upholding our company's strong commitment to sustainability," said Carlos Cordoba, VP of Natural Resources at SGS North America.

About SGS Canada Inc. (SGS)
We are SGS - the world's leading testing, inspection and certification company. We are recognized as the global benchmark for sustainability, quality and integrity. Our 99,600 employees operate a network of 2,600 offices and laboratories around the world. Visit sgs.ca.

Lastly, the Company is pleased to announce the acquisition of 47 mineral claims in two claim blocks covering approximately 2,759.80 hectares of land, located 40 km northeast of Mont Laurier in Québec. Infrastructure support, availability of water and power locally, and historically successful results make it a promising exploration target for rare earth metals and uranium.

Transaction Details:
The Company acquired the mining claims comprising the Property from an arm's length seller pursuant to an option agreement dated March June 10th, 2024 (the "Effective Date"). Under the agreement, the Optionor will sell, transfer, and assign to the Company all their interest for and in consideration of (i) issuing an aggregate of 1,000,000 Shares, common shares of FE Battery Metals Corp over two years, (ii) incurring exploration expenditures of $ 1,000,000 over two years. There is a 1.0% of Gross Metal Royalty (GMR) over the Property payable upon the commencement of commercial production on these claims.

The issuance of the common shares is subject to obtaining all required regulatory approvals, including that of the CSE. The common shares will be subject to a "hold" period of four months and one date for their date of issuance.

ON BEHALF OF THE BOARD OF

FE BATTERY METALS CORP.

"Gurminder Sangha"

Gurminder Sangha
CEO & Director

For further information, please contact the Company at: info@febatterymetals.com

Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release and has neither approved nor disapproved the contents of this news release.

Forward-Looking Information
Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates and projections as at the date of this news release. "Forward-looking information" in this news release includes information about the Company's intentions, plans and future actions described herein and the terms thereon.

The forward-looking information in this news release reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. In connection with the forward-looking information contained in this news release, the Company has made assumptions about the Company's ability to obtain required approvals. The Company has also assumed that no significant events occur outside of the Company's normal course of business. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

SOURCE: FE Battery Metals Corp.

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To: LoneClone who wrote (22665)6/13/2024 2:33:28 PM
From: LoneClone
   of 23161
 
Foremost Lithium Provides Update on its Peg North Property in Manitoba, Canada

ca.finance.yahoo.com

Foremost Lithium Resource & Technology Ltd.
Thu, June 13, 2024 at 5:31 a.m. PDT·7 min read

FMST
+2.08%

FMSTW
-10.94%

Highlights:

  • The Peg North Property straddles the northeastern extension of the Crowduck Bay Fault which is a focal point for the development of lithium-enriched pegmatite dyke clusters

  • The Peg North Property is the largest of the Company’s Lithium Lane Properties consisting of 28 claims covering 16,697 acres/6,757 hectares or approximately 26.4 square miles

VANCOUVER, British Columbia, June 13, 2024 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology Ltd. (NASDAQ: FMST) (CSE: FAT) (“Foremost Lithium”, “Foremost” or the “Company”), a North American hard-rock lithium exploration company, confirms further to its news release on June 29, 2022 in respect of the Company's option ("the Option") to acquire a 100% interest in the Peg North Claims located in the historic Snow Lake Mining District in Manitoba, that the Company has completed its third installment of the Option payment due on or before June 28, 2024. In accordance with the terms of the Option agreement, the third installment payment consisted of a cash payment of $100,000 and the issuance of 28,818 common shares at a deemed price of $3.47 per share, being the 30-day weighted volume average price of the Company’s shares on the Canadian Securities Exchange. The shares are subject to a hold period of four months and one day expiring on October 13, 2024.



Peg North Property Map

Fig 1. Peg North Property Map

The Peg North Property

The Peg North Claim block is the largest of the Company’s Lithium Lane properties and consists of 16,697 acres/6,757 hectares or approximately, 26.4 square miles. It contains many historically documented pegmatite outcrops, and high volume of pegmatite dykes were discovered during the Summer 2023 exploration field program that Dahrouge Geological Consulting undertook. The focus was on the historically mapped pegmatites to assess the degree of pegmatite fractionation and to determine LCT mineralization potential. Dense cover, difficult terrain, and forest fires hindered exploration progress and a large area of Peg North remains to be prospected. The Crowduck Bay Fault extends into the Peg North Property which is known for its lithium-enriched pegmatite dyke clusters; significant numbers of pegmatites seem to be within unexplored territory highlighting the prominence of the Crowduck Bay Fault.

We are delighted to complete the third installment of the option payment to acquire 100% interest of the Peg North Claims, which we believe is a significant prospective property for our Company, and believe it brings inherent value for our shareholders,” states Jason Barnard, President and CEO of Foremost Lithium. “While lithium pricing has experienced transitory challenges, we feel market conditions are starting to change and reflective of positive sentiment. We remain highly confident in our Lithium Lane projects, and their potential. We are well positioned within the industry and remain committed on the path towards future value creation for our stakeholders.

Foremost announced on October 08, 2023, that LiDAR survey on the Peg North claim block would be completed in the fall last year to add to the collection of high-resolution magnetics aerial drone surveys on the property to better understand the structural details of the property and its topographic expressions. High-resolution LiDAR models of ground elevation or relief on other of Foremost’s Lithium Lane properties have also defined many areas with comparable orientations as known spodumene-bearing pegmatite, suggesting that LiDAR and magnetic could also be an effective tool for future drill targeting on Peg North.

Future Plans

Foremost’s plans include extensive exploration as the summer 2023 was limited due to the forest fires inhibiting access to a large portion of the property. Additional lithium-bearing pegmatites occur northeast, east and southeast of the Peg North property which underscore the highly prospective nature for repetitions of lithium-bearing pegmatite dykes, making this property potential extremely favourable. Both magnetic survey and LiDAR images, with appropriate orientations, coupled with mapping, and geochemical survey, will provide a base to follow-up exploration and drill targeting.

About Foremost Lithium

Foremost Lithium (NASDAQ: FMST) (CSE: FAT) (FSE: F0R0) (WKN: A3DCC8) is a hard-rock lithium exploration company focused on empowering the North American clean energy economy. Foremost’s strategically located lithium properties extend over 43,000 acres in Snow Lake, Manitoba, and hosts a property in a known active lithium camp situated on over 11,400 acres in Quebec called Lac Simard South.

Foremost’s four flagship Lithium Lane Projects as well as its Lac Simard South project are located at the tip of the NAFTA superhighway to capitalize on the world’s growing EV appetite, strongly positioning the Company to become a premier supplier of North America’s lithium feedstock. As the world transitions towards decarbonization, the Company’s objective is the extraction of lithium oxide (Li2O), and to subsequently play a role in the production of high-quality lithium hydroxide (LiOH), to help power lithium-based batteries, critical in developing a clean-energy economy. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA. Learn More at www.foremostlithium.com.

Contact and Information

Company
Jason Barnard, President and CEO
+1 (604) 330-8067
info@foremostlithium.com

Investor Relations
Lucas A. Zimmerman
Managing Director
MZ Group - MZ North America
(949) 259-4987
FMST@mzgroup.us
www.mzgroup.us

Follow us or contact us on social media:
Twitter: @foremostlithium
Linkedin: https://www.linkedin.com/company/foremost-lithium-resource-technology/
Facebook: https://www.facebook.com/ForemostLithium

Forward-Looking Statements

Except for the statements of historical fact contained herein, the information presented in this news release and oral statements made from time to time by representatives of the Company are or may constitute “forward-looking statements” as such term is used in applicable United States and Canadian laws and including, without limitation, within the meaning of the Private Securities Litigation Reform Act of 1995, for which the Company claims the protection of the safe harbor for forward-looking statements. These statements relate to analyses and other information that are based on forecasts of future results, estimates of amounts not yet determinable and assumptions of management. Any other statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance (often, but not always, using words or phrases such as “expects” or “does not expect,” “is expected,” “anticipates” or “does not anticipate,” “plans,” “estimates” or “intends,” or stating that certain actions, events or results “may,” “could,” “would,” “might” or “will” be taken, occur or be achieved) are not statements of historical fact and should be viewed as forward-looking statements. Forward-looking statements in this news release include, among others, statements relating to: the timing, structure and completion of the Spin-Out; the formation of RGR; the transfer of the Winston Group of Properties from Foremost to RGR; the timing and receipt of required shareholder, court, stock exchange and regulatory approvals for the Spin-Out; the retained ownership interest of Foremost in RGR; the terms of the Spin-Out; the completion of the Financing and the amount of proceeds to be received therefrom; and the listing of RGR on the CSE. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors include, among others, the availability of capital to fund programs and the resulting dilution caused by the raising of capital through the sale of shares, accidents, labor disputes and other risks of the automotive industry including, without limitation, those associated with the environment, delays in obtaining governmental approvals, permits or financing or in the completion of development or construction activities or claims limitations on insurance coverage. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or 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. Although the Company believes that the expectations reflected in such forward-looking statements are based upon reasonable assumptions, it can give no assurance that its expectations will be achieved. Forward-looking information is subject to certain risks, trends and uncertainties that could cause actual results to differ materially from those projected. Many of these factors are beyond the Company’s ability to control or predict. Important factors that may cause actual results to differ materially and that could impact the Company and the statements contained in this news release can be found in the Company’s filings with the Securities and Exchange Commission. The Company assumes no obligation to update or supplement any forward-looking statements whether as a result of new information, future events or otherwise. Accordingly, readers should not place undue reliance on forward-looking statements contained in this news release and in any document referred to in this news release. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities. and information. Please refer to the Company’s most recent filings under its profile at www.sedarplus.ca for further information respecting the risks affecting the Company and its business.

The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

A photo accompanying this announcement is available at globenewswire.com

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To: LoneClone who wrote (22666)6/13/2024 2:37:59 PM
From: LoneClone
   of 23161
 
American Rare Earths: Halleck Creek Project Update

ca.finance.yahoo.com

American Rare Earths
Thu, June 13, 2024 at 5:03 a.m. PDT·5 min read

AMRRY
0.00%

ARRNF
-1.45%

Drilling Program, R&D, Environmental Permitting, Processing and Metallurgical Testwork

Highlights

  • 2,470 m drilling program to commence in July 2024 in the Cowboy State Mine area to upgrade resources and advance mine planning work for prefeasibility analysis.

  • New Research and Development partnership funding1 approved by Defense Advanced Research Projects Agency (DARPA), with Lawrence Livermore National Laboratory being awarded $US 4.6 million – part of these funds will be used by Lawrence Livermore National Laboratory to continue work to support flowsheet design at Halleck Creek.

  • Permitting activities have been initiated at the Cowboy State Mine, beginning with baseline environmental data collection/analysis.

  • Flowsheet Optimization:

    • Advanced separation and concentration testwork continue to progress

    • Detailed leach testing being planned with experts at SGS Canada

DENVER, June 13, 2024 (GLOBE NEWSWIRE) -- American Rare Earths Ltd. (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) (“ARR” or the “Company”) is pleased to provide a project update around previously announced project milestones and announce upcoming exploration drilling at the Halleck Creek Project. Under the DARPA Environmental Microbes as a BioEngineering Resource (EMBER) program, Phase II was recently awarded an additional US$4.6 million in R&D funding for continued studies. This is noteworthy as prior work from this research has been utilized in the current processing flowsheet, using gravity separation techniques developed in the research, and the R&D continues to utilise Halleck Creek ore2.

________________________
1 globenewswire.com
2 ASX Announcement, “American Rare Earths Announces Breakthrough Metallurgical Results”, 22 January 2024.


Donald Swartz, CEO of American Rare Earths, commented:
“I am pleased to announce our continued project execution to de-risk the project. At the time of our institutional placement in February, we outlined the use of proceeds to accelerate development to include additional drilling, metallurgical testwork, project studies, and permitting. As we enter the 2025 fiscal year, we do so ahead of schedule. Through the Company’s involvement in the DARPA initiative, our flowsheet has improved, and I’m excited about the future. The planned drilling will allow ARR to upgrade our resource estimates and provide data for advancing studies in FY2025. The mineral processing and leaching testwork is designed to refine our current flowsheets. The preliminary baseline environmental studies are the first steps towards responsible mine development at the Cowboy State Mine.”

Project Update

  • The Company is mobilizing drillers so drilling can commence in July 2024. The plans for the Cowboy State Mine area consist of drilling approximately 23 holes (12 RC holes and 11 HQ core holes) for a total of 2,470 meters (8,100 feet) (Figure 1).

  • ARR has engaged WWC Engineering (WWC), from Sheridan, Wyoming, to oversee and conduct baseline environmental data collection activities at the Cowboy State Mine area. These baseline studies include commencing detailed vegetation and animal monitoring surveys. Additional baseline environmental studies will commence after consultation with the Wyoming Department of Environmental Quality – Land Quality Division.

  • ARR continues to refine mineral processing flowsheets with ongoing work at Mineral Technologies and SGS Canada. Mineral Technologies ran approximately 400 kg of Halleck Creek core across spiral separators showing distinct separation between the material (Figure 2 ). Mineral Technologies collected 53 samples and submitted them for assay with ALS Global, with results pending.

  • SGS Canada is performing high-pressure grinding roll (HPGR), gravity separation, wet-high intensity magnetic separation, and electrostatic separation tests on approximately 75kg of Halleck Creek core. The SGS testwork is designed to build upon separation testing performed by Wood PLC in 2023, with a focus on gravity separation as the primary separation method with results expected in Q3 2024.

  • ARR is developing processing and leaching test programs and will be using approximately 3 tonnes of available core samples from Halleck Creek and core samples collected during the July 2024 drilling at the Cowboy State Mine area. The processing and separation testwork will be based on the results of current Mineral Technologies and SGS Canada testing and is expected to commence in Q3 2024.

  • SGS Canada have developed a comprehensive testwork plan focusing on leaching, impurity removal and preliminary rare earth oxide processing with work to commence in Q3/Q4 2024.





2024 Proposed Drill Hole Locations

Figure 1 – 2024 Proposed Drill Hole Locations



MG 12 Spiral from Mineral Technologies and Halleck Creek Feed in the Spiral

Figure 2 – MG 12 Spiral from Mineral Technologies and Halleck Creek Feed in the Spiral

This announcement is authorized for release by the CEO of American Rare Earths.

Competent Persons Statement:
The information in this document is based on company work performed in September and October 2023. This work was reviewed and approved for release by Mr. Dwight Kinnes (Society of Mining Engineers #4063295RM) who is employed by American Rare Earths and has sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Kinnes consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

This work was reviewed and approved for release by Mr. Kelton Smith (Society of Mining Engineers #4227309RM) who is employed by Tetra Tech and has sufficient experience which is relevant to the metallurgical testing and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 JORC Code. Mr. Smith consents to the inclusion in the report of the matters based upon the information in the form and context in which it appears.

About American Rare Earths Limited:
American Rare Earths (ASX: ARR | OTCQX: ARRNF | ADR: AMRRY) owns the Halleck Creek, WY and La Paz, AZ rare earth deposits which have the potential to become the largest and most sustainable rare earth projects in North America. The Company is developing environmentally friendly and cost-effective extraction and processing methods to meet the rapidly increasing demand for resources essential to the clean energy transition and US national security. The Company continues to evaluate other exploration opportunities and is collaborating with US Government-supported R&D to develop efficient processing and separation techniques of (REEs) elements to help ensure a renewable future.

Further information
Contact:

Susan Assadi
Media Relations US
sassadi@americanree.com
347 977 7125

Beverly Jedynak
Investor Relations US
Beverly.jedynak@viriathus.com
312 943 1123

A photo accompanying this announcement is available at globenewswire.com

A photo accompanying this announcement is available at globenewswire.com

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To: LoneClone who wrote (22667)6/14/2024 12:44:40 PM
From: LoneClone
   of 23161
 
[Tin/Tantalum]
Strategic Minerals Europe and IberAmerican Lithium Announce Spanish Court Denies Appeal on Penouta Project Section C Permit

newsfilecorp.com

June 13, 2024 9:14 AM EDT | Source: IberAmerican Lithium Corp.

Toronto, Ontario--(Newsfile Corp. - June 13, 2024) - Strategic Minerals Europe Corp. (Cboe CA: SNTA) (FSE: 26K0) (OTCQB: SNTAF) ("Strategic Minerals") and IberAmerican Lithium Corp. (Cboe CA: IBER) (OTCQB: IBRLF) ("IberAmerican"), jointly announce that the Superior Court of Xustiza of Galicia (the "TSXG") has upheld on appeal its decision to suspend (the "Decision") the section C permit for Strategic Minerals' Penouta tin-tantalum mine in Spain (the "Penouta Project").

The Decision of the TSXG relates to a complaint filed by an environmentalist group known as "Ecoloxistas en Acción" against the local mining authority, Xunta de Galicia (the "Xunta"), requesting a revocation of the section C permit granted to Strategic Minerals in May 2022. Strategic Minerals and IberAmerican respectfully disagree with the Decision and are exploring all available legal avenues to reverse the Decision and to expedite the reinstatement of the section C permit, including a potential appeal to the Supreme Court of Spain (the "SCS"). The Decision does not impact the section B permit at the Penouta Project, which permits Strategic Minerals to exploit tailings and waste deposits. Upon completion of the Business Combination (as defined below), IberAmerican expects to promptly resume exploitation activities pursuant to the section B permit in an effort to generate immediate cash flow.

Furthermore, Strategic Minerals is firmly committed to the Penouta Project and is dedicated to social, economic, and environmental sustainability. This approach underscores Strategic Minerals' ongoing commitment to responsible and legally compliant operations. Upon completion of the previously announced business combination with IberAmerican (the "Business Combination"), IberAmerican will continue to uphold these principles, ensuring the shared alignment of values and regulatory standards. The Business Combination has been approved by an overwhelming majority of Strategic Minerals' shareholders.

Strategic Minerals wishes to express its gratitude to the local communities impacted negatively by the Decision for their strong support over the past eight months. This includes all those parties and partners involved in the Penouta Project, the mayors and municipal corporations of the region of Galicia, and all political and union organizations, as well as the neighbours who have publicly supported Strategic Minerals. As Strategic Minerals and IberAmerican move forward with Business Combination, both parties remain committed to upholding the principles of community engagement and support, ensuring that the future combined company continues to build on this foundation of mutual respect and collaboration.

Strategic Minerals and IberAmerican remain dedicated to revitalizing the region through the Penouta Project, promoting sustainable development, creating wealth in Galicia, and ensuring ongoing commitment to environmental stewardship and economic growth in the region.

About Strategic Minerals Europe Corp.

Strategic Minerals' wholly-owned subsidiary, Strategic Minerals Spain, S.L.U. ("SMS"), produces, identifies, explores, and develops mineral resource properties critical to the green economy, predominantly in Spain. SMS holds permits and a production license for the Penouta Project. SMS is the largest cassiterite concentrate and tantalite producer in the European Union and has been recognized within the EU as an exemplary company of good practices in the circular economy. Strategic Minerals is well-positioned as a major producer of sustainable and conflict-free tin, tantalum, and niobium. Strategic Minerals is a "reporting issuer" under applicable securities legislation in the provinces of British Columbia, Alberta, and Ontario.

Additional information on Strategic Minerals can be found by reviewing its profile on SEDAR+ at sedarplus.ca and its website at www.strategicminerals.com.

About IberAmerican Lithium Corp.

IberAmerican Lithium Corp. is a hard-rock lithium exploration company focused on advancing its 100% owned Alberta II & Carlota Properties located in the Galicia region of northwestern Spain. IberAmerican Lithium's properties are located in a favorable lithium district with world class infrastructure and a supportive and proactive mining jurisdiction.

Additional information on IberAmerican is available at www.iberamericanlithium.com and by reviewing its profile on SEDAR+ at www.sedarplus.ca.

To learn more visit: api.newsfilecorp.com.

Cautionary Note Regarding Forward-Looking Information:

This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, including statements with respect to resumption of exploitation at the Penouta Project and cashflow therefrom, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Strategic Minerals or IberAmerican to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results for Strategic Minerals to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in Strategic Minerals' Annual Information Form dated March 27, 2024 which is available for view on SEDAR+ at www.sedarplus.ca. Factors that could cause actual results for IberAmerican to differ materially from those anticipated in these forward-looking statements are described under the caption "Risks Factors" in IberAmerican's Annual Information Form dated March 26, 2024 which is available for view on SEDAR+ at www.sedarplus.ca. These risks include, but are not limited to, the risks associated with the mining and exploration industry, such as operational risks in development or capital expenditures, the uncertainty of projections relating to production, any appeal to the SCS and the success thereof and any delays or changes in plans with respect to the exploitation of the site. Each of Strategic Minerals and IberAmerican disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements.

SOURCE: Strategic Minerals Europe Corp. and IberAmerican Lithium Corp.

Further Information

For further information regarding Strategic Minerals, please contact:

Elena Terrón, Corporate Secretary; HR and Legal Director in Spain
Strategic Minerals Europe Corp.
eterron@strategicminerals.com

For further information regarding IberAmerican, please contact:

Campbell Becher
inquiries@ialithium.com
647-404-9071

SOURCE: IberAmerican Lithium Corp.

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To: LoneClone who wrote (22668)6/14/2024 12:52:23 PM
From: LoneClone
1 Recommendation   of 23161
 
[Lithium]
Q2 Metals Completes Closing of Option Agreements for the Acquisition of the Large-Scale Cisco Lithium Property Located in James Bay, Quebec

newsfilecorp.com

June 13, 2024 8:45 PM EDT | Source: Q2 Metals Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Q2 Metals Corp. (TSXV: QTWO) (OTCQB: QUEXF) (FSE: 458) ("Q2" or the "Company") announces that, further to its news release on February 29, 2024, the Company has completed the closing of three individual option agreements that were each entered into on February 28, 2024, as amended on June 12, 2024 (the "Option Agreements"). Under the terms of the Option Agreements, the Company was granted the exclusive right and option to acquire a 100% interest in three groups of mineral claims collectively known as the Cisco Property, located in the southern portion of Eeyou Istchee James Bay, Quebec, Canada.

About the Cisco Property

The Cisco Property is comprised of three groups of mineral claims, the Broadback claim block, the Cisco claim block and the Ouagama claim block, collectively consisting of 222 mineral claims and totaling 11,374 hectares ("ha") in size. It is located less than 10 kilometres ("km") east of the Billy Diamond Highway, and approximately 150km north of Matagami, a small town that contains the closest rail link to much of James Bay (Figure 1). The Cisco Property lies within the greater Nemaska Community lands of the Eeyou Istchee Territory, James Bay, Quebec.



Figure 1. Cisco Property Claim Block Map

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

The Cisco Property is situated along the Frotet Evans Greenstone Belt, comprised of a volcanic package dominated by mafic to felsic metavolcanic rocks, of the southern James Bay Lithium District, the same belt that hosts the Sirmac and Moblan lithium deposits, located 130km and 180km away, respectively.

Exploration work completed on the Cisco Property by the property vendors in 2022 and 2023 identified a mineralized zone and the Company's re-assay of the six drill holes completed by the property vendors confirmed a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites:



Table 1. Results of re-analysis for the 2023 Cisco drilling

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Option Agreements

Under the terms of the three individual Option Agreements, the aggregate consideration payable for the Cisco Property is $2,400,000 cash, 60,000,000 common shares of Q2 and exploration expenditures of $12,000,000, broken down on a per Option Agreement basis as follows:


CashSharesExploration Expenditures
(on Cisco Claims)
BroadbackOuagamaCiscoBroadbackOuagamaCisco
Closing of Agreements$200,000$200,000$1,100,0005,000,0005,000,00010,000,000-
Year 1 anniversary--$500,0005,000,0005,000,00010,000,000$1,000,000
Year 2 anniversary--$400,000

10,000,000$2,500,000
Year 3 anniversary---

10,000,000$3,500,000
Year 4 anniversary------$5,000,000
Total $200,000$200,000$2,000,00010,000,00010,000,00040,000,000$12,000,000


Upon satisfaction of the above payments and expenditures, the Company will earn a 100% interest in the Cisco Property.

The Option Agreements received the acceptance of the TSX Venture Exchange on March 8, 2024. All securities issued to the Cisco Vendors, the Broadback Vendors and the Ouagama Venders are subject to a hold period expiring four months and one day from their date of issuance.

Cisco Claim Group

Pursuant to the terms of an option agreement between the Company and 9490-1626 Quebec Inc. (the "Cisco Vendor") dated February 28, 2024, as amended on June 12, 2024 (the "Cisco Agreement"), in order for the Company to exercise the option to acquire a 100% interest in 121 mineral claims (the "Cisco Claims") from the Cisco Vendor, the Company must pay to the Cisco Vendor total consideration of an aggregate of 40,000,000 Common Shares, $2,000,000 cash and conduct $12,000,000 in exploration expenditures, over a four-year period. The Company has completed the closing of the Cisco Agreement and has made the first instalment of the cash & share consideration.

The Cisco Vendor will retain a 4% gross metals returns royalty ("GMR") on the Cisco Claims (the "Cisco GMR"), of which up to 3% of the Cisco GMR can be purchased by the Company. At any time after the option for the Cisco Claims is exercised and prior to commercial production, the Company may repurchase the first 1% for $1,500,000, the next 1% for $3,000,000 and the Company has a right of first refusal on the next 1%. The foregoing Cisco GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company. The Cisco Vendor will also be paid a cash bonus of $2,500,000 on the completion and delivery of an initial mineral resource calculation report, prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects, on the Cisco Claims demonstrating an inferred resource (or higher category) of at least 25 million tonnes grading over 1% Li2O.

Broadback Claims

Pursuant to the terms of an option agreement between the Company, 9219-8845 Quebec Inc ("9219"), Steven Labranche and Anna-Rosa Giglio (the "Broadback Vendors") dated February 28, 2024, as amended on June 12, 2024 (the "Broadback Agreement"), in order for the Company to exercise the option to acquire a 100% interest in 24 mineral claims (the "Broadback Claims") from the Broadback Vendors, the Company must pay to the Broadback Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000. The Company has completed the closing of the Broadback Agreement and has made the first instalment of the cash & share consideration.

9219 and Ressources Broadback Inc. have been granted a 3% GMR on the Broadback Claims (the "Broadback GMR"), of which up to 2% of the Broadback GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the next 1%. The foregoing Broadback GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

Ouagama Claims

Pursuant to the terms of an option agreement between the Company, 9219, Steven Labranche, Anna-Rosa Giglio, Trent Potts and Potts of Gold Resources Pty Ltd. (the "Ouagama Vendors") dated February 28, 2024, as amended on June 12, 2024 (the "Ouagama Agreement"), in order for the Company to exercise the option to acquire a 100% interest in 77 mineral claims (the "Ouagama Claims") from the Ouagama Vendors, the Company must pay to the Ouagama Vendors total consideration of an aggregate of 10,000,000 Common Shares and $200,000. The Company has completed the closing of the Ouagama Agreement and has made the first instalment of the cash & share consideration.

The Ouagama Vendors have been granted a 3% GMR on the Ouagama Claims (the "Ouagama GMR") of which up to 2% of the Ouagama GMR can be repurchased by the Company at any time prior to commercial production for $1,000,000 for the first 1% and $2,000,000 for the second 1%. The foregoing Ouagama GMR purchase payments may be satisfied in either cash or Common Shares, at the election of the Company.

Qualified Person

Neil McCallum, B.Sc., P.Geol, is a registered permit holder with the Ordre des Géologues du Québec and Qualified Person as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects, and has reviewed the technical information in this news release. Mr. McCallum is a director and VP Exploration for Q2.

About Q2 Metals Corp

Q2 Metals is a Canadian mineral exploration company focused on unlocking its portfolio of lithium projects in the Eeyou Istchee James Bay region of Quebec, Canada, that includes both its 100-per-cent-owned Mia Lithium Property and the Cisco Lithium Property.

The Cisco Lithium Property is located approximately 150 km north of Matagami, Que., and comprises 222 mineral claims and is 11,374 ha in size. The property has district-scale potential with an already identified mineralized zone and a discovery drill result of 115.4 metres of 1.40 percent lithium oxide (hole CS-23-05), cumulatively in five separate pegmatites.

The Company's exploration advancement at its 8,668-hectare flagship Mia Lithium Property is focused on the more than 10-kilometre-long Mia trend which is host to both the Mia 1 and Mia 2 lithium occurrences and 11 other mineralized zones along trend.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Alicia Milne
President & CEO
Alicia@Q2metals.com

Jason McBride
Corporate Communications
Jason@Q2metals.com

Telephone: 1 (800) 482-7560
E-mail: info@Q2metals.com

Follow the Company: Twitter, LinkedIn, Facebook, and Instagram

Forward-Looking Statements

This news release contains forward-looking statements and forward-looking information (collectively, "forward-looking statements") within the meaning of applicable Canadian legislation. Forward-looking statements are typically identified by words such as: "believes", "expects", "anticipates", "intends", "estimates", "plans", "may", "should", "would", "will", "potential", "scheduled" or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Accordingly, all statements in this news release that are not purely historical are forward-looking statements and include statements regarding beliefs, plans, expectations and orientations regarding the future including, without limitation, any statements or plans regard the geological prospects of the Company's properties and the future exploration endeavors of the Company. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Forward-looking statements are based on a number of material factors and assumptions.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in such forward-looking statements. The forward-looking statements in this news release speak only as of the date of this news release or as of the date specified in such statement. Forward looking statements in this news release include, but are not limited to the Company's objectives, goals or future plans, statements, exploration results, potential mineralization, the estimation of mineral resources, exploration and mine development plans, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from those in forward-looking statements include failure to obtain necessary approvals, variations in ore grade or recovery rates, changes in project parameters as plans continue to be refined, unsuccessful exploration results, changes in project parameters as plans continue to be refined, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, risks associated with regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, uninsured risks, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same. Readers are cautioned that mineral exploration and development of mines is an inherently risky business and accordingly, the actual events may differ materially from those projected in the forward-looking statements. Additional risk factors are discussed in the section entitled "Risk Factors" in the Company's Management Discussion and Analysis for its recently completed fiscal period, which is available under Company's SEDAR profile at www.sedarplus.ca.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

Neither the 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.

SOURCE: Q2 Metals Corp.

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To: LoneClone who wrote (22669)6/14/2024 12:53:38 PM
From: LoneClone
   of 23161
 
Bradda Head Lithium Announces Drilling Results for Basin Lithium-in-Clay Project

accesswire.com

Friday, 14 June 2024 02:00 AM

Drilling Results for Basin Lithium-in-Clay Project, Lithium Discovered in All Holes

BRITISH VIRGIN ISLANDS / ACCESSWIRE / June 14, 2024 / Bradda Head Lithium Ltd ("Bradda Head", "BHL" or the "Company") (AIM:BHL)(TSXV:BHLI), the North America-focused lithium development group, is pleased to provide drill hole geochemical results for its Basin Project in Arizona. The lithium-in-clay, resource-expansion drilling programme has concluded with the completion of eight drill holes on the Basin North target portion of the Basin project and all assays have been received. A resource expansion exceeding 2.5 MT of lithium carbonate equivalent (LCE) would generate a US$3 million royalty payment to Bradda Head from Lithium Royalty Company (LRC).

Basin North Drill Programme Highlights:

  • Upper Clay unit thickness at 103m in the center of the drill pattern discovered in hole BND24-19, encountering nearly 100m (99.82m) at 839 ppm Li with a higher-grade interval of 32.52m at 1,030 ppm Li
  • Five out of the eight holes contain abundant lithium in the Lower Clay, significant as we are now able to connect the Lower Clay in Basin North with holes drilled at Basin East, 2km to the south
  • Drill hole BND24-22 encountered 24.05m at 845 ppm Li in the lower clay, ending in 822 ppm Li due to hole collapsing
  • Additional surface geological mapping and surface sampling further predict the expansion of clays (Upper and Lower) towards the west onto Basin West, to the East onto a State of Arizona Mineral Exploration Permit (MEP), and well to the north where clays have been discovered 1.8km north of hole BND24-20
  • New surface sampling detects up to 1,241 ppm Li in clays 1.8km to the north of hole BND24-20, interpreted to represent the Upper Clay
  • Program completed without environmental or safety incidents
  • MRE anticipated to be complete within the next few weeks, following which the resource will be announced
Results from all eight drill holes contain excellent lithium mineralization, with extensive amounts newly discovered in the Lower Clay. The highlight of this year's drilling is 99.82m containing 841 ppm Li with a higher-grade interval of 32.52m containing 1,030 ppm Li in drill hole BND24-19. Hole BND24-19 contains the thickest Upper Clay thickness of 103m. Drill hole BND24-23 has strong lithium mineralization in both the Upper Clay and Lower Clay, highlighted by 69.80m of 976 ppm Li in the Upper Clay with 11.74m at 1,583 ppm Li in the High-Grade zone within the Upper Clay and 11.43m of 864 ppm in the Lower Clay. See Table 1 for a full summary of drilling results and Figure 1 for drill hole locations.

All of the geochemical data, including a refined Leapfrog geologic 3-D model, are presently with the Qualified Person, who is generating the 2024 MRE (Mineral Resource Estimate). We anticipate the MRE will be completed within the next few weeks, following which the resource will be announced.

Rock chip samples were also collected in Basin North around the north margin of the sedimentary basin, detecting up to 1,241 ppm Li on the surface, proving the exceptional expansion opportunities towards the north, along with what the Company knows about the extensive potential at Basin West (See Figure 1).

Ian Stalker, Executive Chair, commented:

"This is a particularly exciting juncture in the Company's trajectory, as we await the updated resource which could unlock a significant royalty payment from the LRC. Now, with all the results received and the notable expansion into the Lower Clay, we await calculation by our QP on the MRE expansion, which we anticipate proving significant growth from 1.08 MT of LCE. Since last year's sonic drilling and expansion from 371KT to 1.08MT of LCE, we have remained steadfast in our prediction that we will achieve what is an important increase. We tripled the resource last year and are optimistic we may achieve something similar with the conclusion of this 2024 program. We look forward to providing an update on the Basin MRE for all our stakeholders in short order."



Figure 1. Basin drill hole distribution, land, surface geochemistry, 2023 resource boundaries (inferred and indicated).

Table 1 Below, 2024 Drill Hole Intercepts

Drill Hole

From_m

To_m

Interval_m

Li in ppm

Clay Sequence

Comments

BND24-15

164.44

254.20

88.44

811

Upper Clay

1.52m of cave material, not included
Inc.

221.89

234.70

12.81

1,250

Upper Clay_High Grade



282.82

311.54

*27.75

737

Lower Clay

* 0.97m Interval lost at 307.18 due to re-drill
Inc.

296.91

311.54

*12.29

1,024

Lower Clay_High Grade

* 0.97m Interval lost at 307.18 due to re-drill







BND24-16

76.5

156.67

80.17

694

Upper Clay



120.52

130

9.48

938

Upper Clay


BND24-17






*Hole Lost at 76.2m







BND24-18

153.19

216.10

62.91

711

Upper Clay



188.61

196.90

8.29

1,024

Upper Clay









BND24-19

213.21

313.03

99.82

841

Upper Clay


Inc.

251.46

283.98

32.52

1,030

Upper Clay_High Grade



347.32

362.41

15.09

635

Lower Clay









BND24-20

198.39

275.2

76.81

749

Upper Clay



244.24

257.83

13.59

946

Upper Clay









BND24-21

80.41

163.98

83.57

871

Upper Clay


Inc.

107.05

127.19

20.14

1,114

Upper Clay_High Grade



173.31

213.57

40.26

695

Lower Clay



206.36

211.53

4.88

1,123

Lower Clay_High Grade









BND24-22

217.81

241.86

24.05

845

Lower Clay

Upper Clay not analyzed, twin of BES23-11







BND24-23

98.82

168.25

69.80

976

Upper Clay


Inc.

136.43

148.07

11.74

1,584

Upper Clay_High Grade



197.51

208.94

11.43

864

Lower Clay_High Grade


*Drill hole BND24-17 was lost at a depth of 76.2 meters. A new site was permitted 100m to the south as a replacement and drilled hole BND24-20. All holes were drilled vertical.

QAQC

Core samples were cut and sampled at the core shed under the supervision of Joey Wilkins, the Company's COO. The drill core was cut in half and one-half bagged, labelled, and tied-off. Samples were placed in a secure container until the hole was complete then shipped direct to SGS Laboratories in Burnaby, B.C., Canada where they prepped then analysed all samples using 4-acid digest with ICP-AES. Certified standards were inserted into the sample stream to ensure quality control at the laboratory. All standards passed QAQC metrics of less than 2 standard deviations and validate the geochemical data used in this PR. Mr. Wilkins consents to the inclusion of the technical information in this release and context in which it appears.

Qualified Person (BHL)

Joey Wilkins, B.Sc., P.Geo., is Chief Operating Officer at BHL and the Qualified Person who reviewed and approved the technical disclosures in this news release. Mr. Wilkins is a graduate of the University of Arizona with a B.Sc. in Geology with more than 38 years of experience in mineral exploration and is a qualified person under the AIM Rules and a Qualified Person as defined under NI-43-101. Mr. Wilkins consents to the inclusion of the technical information in this release and context in which it appears.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

For further information please visit the Company's website: www.braddaheadltd.com.

ENDS

Contact:

Bradda Head Lithium Limited+44 (0) 1624 639 396
Ian Stalker, Executive Chairman

Denham Eke, Finance Director




Beaumont Cornish (Nomad)+44 (0) 2076 283 396
James Biddle / Roland Cornish


Panmure Gordon (Joint Broker)+44 (0) 2078 862 500
Hugh Rich


Shard Capital (Joint Broker)+44 (0) 2071 869 927
Damon Heath / Isabella Pierre


Red Cloud (North American Broker)+1 416 803 3562
Joe Fars


Tavistock (Financial PR)+ 44 20 7920 3150
Nick Elwes / Josephine Clerkinbraddahead@tavistock.co.uk
About Bradda Head Lithium Ltd.

Bradda Head Lithium Ltd. is a North America-focused lithium development group. The Company currently has interests in a variety of projects, the most advanced of which are in Central and Western Arizona: The Basin Project (Basin East Project, and the Basin West Project) and the Wikieup Project.

The Basin East Project has an Indicated Mineral Resource of 17 Mt at an average grade of 940 ppm Li and 3.4% K for a total of 85 kt LCE and an Inferred Mineral Resource of 210 Mt at an average grade of 900 ppm Li and 2.8% K (potassium) for a total of 1.09 Mt LCE. In the rest of the Basin Project SRK has determined an Exploration Target of 250 to 830 Mt of material grading between 750 to 900 ppm Li, which is equivalent to a range of between 1 to 4 Mt contained LCE. The Group intends to continue to develop its three phase one projects in Arizona, whilst endeavouring to unlock value at its other prospective pegmatite and brine assets in Arizona, Nevada, and Pennsylvania. All of Bradda Head's licences are held on a 100% equity basis and are in close proximity to the required infrastructure. Bradda Head is quoted on the AIM of the London Stock Exchange with the ticker of BHL and on the TSX Venture Exchange with a ticker of BHLI.

Technical Glossary

Kt

Thousand tonnes

Ppm

Parts per million

Exploration Target

An estimate of the exploration potential of a mineral deposit in a defined geological setting where the statement or estimate, quoted as a range of tonnes and a range of grade (or quality), relates to mineralisation for which there has been insufficient exploration to estimate a Mineral Resource.

Inferred Mineral Resource

That part of a Mineral Resource for which quantity and grade (or quality) are estimated on the basis of limited geological evidence and sampling. Geological evidence is sufficient to imply but not verify geological grade (or quality) continuity. It is based on exploration, sampling and testing information gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings, and drill holes. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to an Ore Reserve. It is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.

Indicated Mineral Resource

That part of a Mineral Resource for which quantity, grade (or quality), densities, shape and physical characteristics are estimated with sufficient confidence to allow the application of Modifying Factors in sufficient detail to support mine planning and evaluation of the economic viability of the deposit. Geological evidence is derived from adequately detailed and reliable exploration, sampling and testing gathered through appropriate techniques from locations such as outcrops, trenches, pits, workings, and drill holes, and is sufficient to assume geological and grade (or quality) continuity between points of observation where data and samples are gathered.

Sn

Tin

Ta2O5

Tantalum pentoxide

Forward-Looking Statements

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This News Release includes certain "forward-looking statements" which are not comprised of historical facts. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "intends to", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. Risks, uncertainties, and other factors involved with forward-looking information could cause actual events, results, performance, prospects, and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to, following: The Company's objectives, goals, or future plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to: failure to identify mineral resources; failure to convert estimated mineral resources to reserves; delays in obtaining or failures to obtain required regulatory, governmental, environmental or other project approvals; political risks; future operating and capital costs, timelines, permit timelines, the market and future price of and demand for lithium, and the ongoing ability to work cooperatively with stakeholders, including the local levels of government; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices; delays in the development of projects, capital and operating costs varying significantly from estimates; an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains; and the other risks involved in the mineral exploration and development industry, and those risks set out in the Company's public documents filed on SEDARplus. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

SOURCE: Bradda Head Lithium Limited

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To: LoneClone who wrote (22670)6/14/2024 1:01:23 PM
From: LoneClone
   of 23161
 
Graphano Announces Positive Preliminary Graphite Metallurgical Work Results

newsfilecorp.com

June 13, 2024 2:00 AM EDT | Source: Graphano Energy Ltd.

Vancouver, British Columbia--(Newsfile Corp. - June 13, 2024) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) ("Graphano" or the "Company") is pleased to announce results of the initial metallurgical work performed by SGS Canada Inc. ("SGS") of Quebec City. Tests were performed on composite samples of drill core from the Company's 100% owned graphite properties, Lac-Aux Bouleaux ("LAB") and Standard Mine, both located in Quebec.

Luisa Moreno, Chief Executive Officer of the Company, commented: "We are extremely pleased with the preliminary metallurgical results for our LAB and Standard Mine proprieties, having achieved commercial quality products using standard processing methods. Our technical team expects results to improve further by optimizing and by customizing the flowsheet to our feed materials."

SGS conducted mineralogy analysis followed by bench-scale flotation tests using different flotation circuit configurations for LAB and Standard Mine; however, as more fully explained below, it is anticipated that a single flowsheet will be developed to beneficiate both feedstocks.

LAB Project Results:
Initial tests for the LAB project faced challenges due to overgrinding, which compromised cleaner stage recoveries. However, subsequent tests on Sample 2 (LAB Zone 3 - LB22-32, LB22-46, LB22-48), with reduced grinding time, yielded a concentrate grade of 95% Cg in several particle-size fractions, achieving an open circuit graphite recovery of 70%. It is anticipated that more than 20% of the graphite losses associated with intermediate streams will report to the final concentrate during closed circuit operation, leading to recoveries of 90% or higher.

Based on flotation results from comparable graphite projects, the SGS team believes that by adding another regrind/cleaner stage, a final grade of more than 96% Cg could potentially be achieved, with graphite recovery of at least 90% under closed-loop conditions. Further testing and process optimization will be conducted to confirm these projected results.

Standard Mine Results:
For the Standard Mine project, excellent metallurgical results were obtained immediately. Sample 4 (Standard - ST23-08, ST23-09, ST23-10) produced a graphite concentrate grading 94% Cg at 93% recovery. Optimization tests are expected to lead to even higher grades and recoveries.

Future Plans:
Despite the different flowsheets used in these tests, the technical team at Graphano is confident that both LAB and Standard materials can be treated in the same beneficiation plant. Whether processed separately or by combining the materials, appropriate plant design will ensure efficient processing. The next phase of metallurgical testing will focus on improving recovery and grades, as well as studying flake size distribution. The encouraging results obtained so far support Graphano's plan to develop a large-scale beneficiation plant.

About Graphano Energy

Graphano Energy Ltd. is an exploration and development company that is focused on evaluating, acquiring and developing energy metals resources from exploration to production.

Graphite is one of the most in-demand technology minerals that is required for a green and sustainable world. The Company's Lac Aux Bouleaux property, situated adjacent to Canada's only producing graphite mine, in Quebec, Canada, Northern Graphite Corporation's Lac des Iles Mine has historically been an active area for natural graphite. With the demand for graphite growing in some of the most prominent and cutting-edge industries, such as lithium batteries in electric cars and other energy storage technologies, the Company is developing its project to meet the demands of the future.

ON BEHALF OF THE BOARD OF DIRECTORS

Luisa Moreno
Chief Executive Officer and Director
E: info@graphano.com

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.

Cautionary Note Regarding Forward-Looking Statements:

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, relating to future operations, including exploration, drilling, metallurgical testing, and other activities of Graphano, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, optimizing and customizing the flowsheet with respect to feed materials, the next phase of metallurgical testing, and results therefrom, and plant design and development. 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. 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 Graphano, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the ability to complete metallurgical testing, the results of metallurgical testing, continued availability of capital, and changes in general economic, market and business conditions. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. Graphano 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 applicable securities laws.

SOURCE: Graphano Energy Ltd.

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To: LoneClone who wrote (22671)6/14/2024 1:05:06 PM
From: LoneClone
   of 23161
 
[Lithium]
Champion Electric Encounters Spodumene Boulder Field during Ongoing Field Program at its Lithium Property in James Bay, Quebec

newsfilecorp.com

June 14, 2024 7:00 AM EDT | Source: Champion Electric Metals Inc.

Toronto, Ontario--(Newsfile Corp. - June 14, 2024) - Champion Electric Metals Inc. (CSE: LTHM) (OTCQB: CHELF) (FSE: 1QB0) ("Champion Electric" or the "Company") is pleased to provide an update on its spring field program following up from a successful winter drilling program at its Lithium Property in James Bay, Quebec.

The spring field program commenced with prospecting and till sampling to the southwest and northeast from the recently drilled pegmatites (see Figure 1). The first phase of work will include till sampling on tighter spacing, boulder prospecting, mapping, and trenching with channel sampling. The team is employing multiple techniques to explore beneath the thin glacial sediments. Once outcrop or large boulders are located, excavators are deployed to test for overburden depth and, in some cases, clear the overburden for channel sampling of pegmatites. The Company obtained the permit to conduct trenching under the Autorisation pour Travaux d'Exploration à Impact ("ATI") regulation. The search has already discovered a boulder field (including boulders up to 5m X 4m X 2m) stretching at least 600 metres up ice and up to 50m wide. A high percentage of these boulders contains large spodumene crystals (up to 30cm long) that were visually identified (see Images 1 and 2). Samples of these spodumene boulders have been sent to the lab, and the technical team has begun trenching and channel sampling in the area.



Image 1: Champion geologist with boulder containing coarse

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com



Image 2: Close up of boulder with coarse spodumene crystals (light green)

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Jonathan Buick, President and CEO, commented: "Our geologists quickly encountered spodumene-bearing boulders while prospecting to the northeast from the mineralized pegmatite discovery. The follow-up continues to define the scale of the boulder field, and the excavator is on the way to the target area. We also continue to test other favorable trends farther east on the huge property for lithium mineralization. Our plan is to conduct excavation and channel sampling in the highest priority areas as we prepare for drilling later this summer."

Champion Electric invites shareholders, potential investors, and stakeholders to follow the Company's social media pages for ongoing photo updates of the spring field program.

Facebook: ChampionLTHM

Twitter/X: @Championlthm

LinkedIn: championelectricmetals



Image 3: Champion's technical team and geologists commencing spring field program

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com



Figure 1: Location map of the 2024 drill holes (EIQ24-007/008 highlighted)

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

About the Project

The Champion Electric Lithium Property is close to the Trans-Taiga Road and covers the northern extension of the Lac Guyer Greenstone Belt, which hosts neighbouring Patriot Battery Metals' Corvette and Winsome Resources' Cancet advanced projects in the prolific James Bay region of Quebec (Figure 2).



Figure 2: Champion Electric Lithium Project location map

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Qualified Person

Dr. Eric Hebert, P.Geo., Senior Geological consultant, is a member (#0842) of the Ordre des Géologues du Québec (OGQ) and a qualified person within the meaning of National Instrument 43-101 and has reviewed and approved the technical information contained in this press release. All aspects of the drilling program were supervised by the Qualified Person.

About Champion Electric Metals Inc.

Champion Electric is a discovery-focused exploration company that is committed to advancing its highly prospective lithium properties in Quebec, Canada and cobalt properties in Idaho, United States. In addition, the Company owns the Baner gold project in Idaho County (optioned to Prestwick Capital Corporation) and the Champagne polymetallic project in Butte County near Arco.The Company's shares trade on the CSE under the trading symbol "LTHM", on the OTCQB under the trading symbol "CHELF", and on the Frankfurt Stock Exchange under the symbol "1QB0". Champion Electric strives to be a responsible environmental steward, stakeholder, and contributing citizen to the local communities where it operates, taking its social license seriously, employing local community members and service providers at its operations whenever possible.

ON BEHALF OF THE BOARD OF CHAMPION ELECTRIC
"Jonathan Buick"
Jonathan Buick, President, and CEO

To learn more, please visit the Company's SEDAR profile at www.sedarplus.ca or the Company's corporate website at www.champem.com.

For further information, please contact:
Investor Relations and Communications
Phone: (+1) 416-567-9087
Email: nkonkin@champem.com

THIS PRESS RELEASE DOES NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY ANY SECURITIES IN ANY JURISDICTION, NOR SHALL THERE BE ANY OFFER, SALE, OR SOLICITATION OF SECURITIES IN ANY STATE IN THE UNITED STATES IN WHICH SUCH OFFER, SALE, OR SOLICITATION WOULD BE UNLAWFUL.

Cautionary Statements

Neither the Canadian Securities Exchange nor its regulation services provider has reviewed or accepted responsibility for the adequacy or accuracy of this press release. This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of the Company. Forward-looking information is based on certain key expectations and assumptions made by management of the Company, including closing of the Transactions and the prospectivity of the Projects for lithium. Although the Company believes that the expectations and assumptions on which such forward-looking information is based on are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Forward-looking statements contained in this press release are made as of the date of this press release. The Company disclaims any intent or obligation to update publicly any forward-looking information, whether as a result of new information, future events or results or otherwise, other than as required by applicable securities laws.
The Projects are at an early stage of exploration, and the Company cautions that the qualified persons who have reviewed and approved this news release have not verified scientific or technical information produced by third parties.

SOURCE: Champion Electric Metals Inc.

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