Core Viewpoint - Beyond Lithium Inc. has expanded its critical minerals portfolio by acquiring the Owl Creek Copper Porphyry Project in British Columbia, which encompasses approximately 1,566 hectares and is located near significant porphyry deposits for copper-moly and copper-gold mineralizations [1][2]. Company Developments - The company now holds three high-quality assets: the Ear Falls Project in Ontario with proven spodumene mineralization, the Rare One Project in British Columbia with rare earth and base metal mineralization, and the newly acquired Owl Creek Project with extensive copper mineralization from surface [2]. - The company has filed a second amended offering document for a non-brokered private placement of up to 10,000,000 units at a price of $0.03 per unit, aiming for aggregate gross proceeds of up to $300,000 [10][12]. Geological Context - The Owl Creek Project is situated within the Cascade Magmatic Arc, which is known for hosting significant porphyry deposits for copper-moly and copper-gold mineralizations [3]. - Historical exploration at the Owl Creek site has shown promising results, including a 66-meter section with 0.33% Cu and other drill results indicating copper grades of 0.2% Cu over 182 meters and 0.4% Cu over 91.4 meters [5][8]. Regulatory and Consultation Framework - In March 2025, British Columbia introduced a Mineral Claim Consultation Framework, requiring consultation with Indigenous communities prior to registering mineral claims. The consultation process for the Owl Creek Project is expected to begin by early September 2025 [9]. Financial and Investment Aspects - The net proceeds from the amended offering will be used for general working capital, mineral property exploration activities, and marketing [12]. - The offering is scheduled to close on or about August 29, 2025, subject to customary conditions, including raising a minimum of C$150,000 [12].
Beyond Lithium Expands Critical Minerals Portfolio with Strategic Acquisition of the Owl Creek Copper Porphyry Project in British Columbia and Files Amended Offering Document for LIFE Offering
Newsfileยท2025-08-12 12:00