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Adelayde Exploration Enters into Joint Venture Agreement to Explore the Deep Basin Lithium Brine Potential in Clayton Valley, Nevada
TMX Newsfile· 2026-01-28 08:01
Core Viewpoint - Adelayde Exploration Inc. has entered into a joint venture with Sienna Resources Inc. and Cruz Battery Metals Corp. to explore lithium brine potential in Clayton Valley, Nevada, amidst rising lithium prices [1][3]. Company Developments - The joint venture encompasses 115 mineral claims over a 2,300-acre land package, strategically located within the established lithium brine basin of Clayton Valley, which is the only active lithium brine production site in the U.S. [1][3]. - Adelayde's President, James Nelson, highlighted that lithium prices have surged over 150% since June 2025, reaching two-year highs, prompting the exploration initiative [3]. - The company has a well-financed position to execute its exploration plans and anticipates an active start to 2026 [3]. Joint Venture Agreement Details - The joint venture agreement outlines that each party will share costs, expenses, liabilities, and benefits related to the exploration and development of the mineral claims [5]. - Each party will hold a one-third beneficial interest in the mineral claims and will collaborate on exploration and development programs [10]. - The agreement allows any party to exit the joint venture with a 30-day written notice, after which they will no longer be entitled to any benefits or liabilities [10]. Industry Context - Clayton Valley is home to Albemarle's Silver Peak lithium brine mine, which has been operational since the 1960s, making it a significant site for lithium production in North America [1]. - The recent resurgence of investor interest in the lithium sector is seen as a favorable condition for exploration activities [3].
Imagine Lithium Expands Strategic Land Package at Jackpot Project by 45%; Grants Options
Newsfile· 2025-12-10 22:00
Core Viewpoint - Imagine Lithium Inc. has expanded its strategic land package at the Jackpot Lithium Project by 45%, increasing its exploration area to 27,597 hectares in the Georgia Lake Pegmatite Field, which positions the company as the largest landholder in the region [1][3][11]. Land Acquisition - The acquisition includes the 'SPOD Lithium Option' of 8,449 hectares, creating a continuous land position between the Jackpot deposit and Rock Tech Lithium's Nama Creek deposit [2][3]. - The agreement, effective December 5, 2025, involves purchasing 100% undivided rights to the North Nipigon Lithium Property for CAD$30,000, subject to a 2% net smelter royalty [3][11]. Resource Highlights - The current mineral resource inventory at the Jackpot Project includes 3.1 million tonnes indicated at a grade of 0.85% Li₂O and 5.3 million tonnes inferred at a grade of 0.91% Li₂O [7][14]. - The resources are open along strike and to depth, indicating potential for further expansion [6]. Metallurgical Testing - Early metallurgical results suggest that the Jackpot mineralization can produce a high-grade spodumene concentrate suitable for the lithium battery supply chain, with a recovery rate of 81.5% Li₂O [8][14]. Future Exploration Plans - The strategic land acquisition complements future exploration plans and highlights the potential for discovering multiple open-pit, hard-rock lithium deposits in the Georgia Lake Pegmatite Field [6][11]. Options Grant - The company has granted 7,200,000 options to an officer and director, exercisable at $0.05 for a period of five years [9].
Surge Completes 2025 Infill Drill Program; Consistently Intersects Thick Zones of High-Potential Lithium Claystone
Newsfile· 2025-10-30 11:00
Core Insights - Surge Battery Metals Inc. has successfully completed its 2025 core drilling program at the Nevada North Lithium Project, achieving all primary objectives including data collection for resource upgrade and pre-feasibility study [1][2][6] Drill Program Highlights - All nine drill holes encountered significant thicknesses of lithium-bearing claystone, with over 1,830 cumulative feet (557.8 meters) of favorable claystone intersected [2] - The average composite thickness of favorable claystone per hole was 207.4 feet (63.2 meters), with a maximum of 353 feet (107.6 meters) in hole NNL-030 [2] - Drilling results indicate the lithium-bearing basin may extend beyond current interpretations, suggesting potential for resource expansion [2] - Five holes encountered claystone horizons at or near the surface, indicating favorable conditions for low-cost extraction [2] - Consistent mineralization was observed across varying depths, enhancing understanding of basin geometry and geological controls [2] Resource Upgrade and Pre-Feasibility Study - The infill drilling increased data density within the existing resource footprint, supporting the upgrade of Inferred resources to Indicated and Measured classifications [2] - Comprehensive data for the pre-feasibility study was collected, including metallurgical testing samples and hydrogeological data [2][4] Operational Execution - The drilling program was completed efficiently using two drill rigs, showcasing the company's capability in managing complex field logistics [2][3] Next Steps - Core logging, cutting, and sampling are ongoing, with samples submitted for assay, including potential byproduct elements such as Cesium, Rubidium, and Rare Earth Elements [4] Joint Venture Update - Surge and Evolution Mining are progressing towards forming a joint venture, with an exclusivity period extension to November 21, 2025 [5] Company Overview - Surge Battery Metals is focused on securing domestic lithium supply through its Nevada North Lithium Project, which is crucial for electric vehicle production [8] - The project has a pit-constrained Inferred Resource of approximately 8.65 million tons of Lithium Carbonate Equivalent (LCE) at a grade of 2,955 ppm Li [11] - A recent Preliminary Economic Assessment (PEA) reported an after-tax NPV8% of US $9.17 billion and an after-tax IRR of 22.8% at a lithium price of $24,000 per ton [11]
Atlas Lithium Reports Excellent Exploration Progress at 100%-Owned Salinas Project
Newsfile· 2025-08-18 10:00
Core Insights - Atlas Lithium Corporation has reported exceptional exploration results from its 100%-owned Salinas Project in Brazil, confirming high-quality lithium mineralization near the surface, which positions Salinas as the next growth frontier for the company [1][4][10] Salinas Project Overview - The Salinas Project covers 388 hectares (959 acres) in northern Minas Gerais, located 5 miles east of the Colina Project, which was acquired by Pilbara Minerals for approximately $370 million in August 2024 [2] - The project is situated about 100 kilometers (60 miles) north of Atlas Lithium's flagship Neves Project, in a region known for its lithium prospectivity within Brazil's Lithium Valley [2] Exploration Activities - Comprehensive exploration activities at Salinas have included systematic soil sampling, geological mapping, LIDAR surveys, and high-resolution aerial photogrammetry, successfully identifying multiple spodumene-rich pegmatite bodies [3] Initial Drilling Results - Initial drilling results at the Salinas Project have confirmed significant spodumene mineralization at a depth of only 23 meters, with 501 meters of diamond drilling completed to date [4][5] - Analytical results indicate Li₂O grades exceeding 2.0%, demonstrating strong geological potential for cost-effective open-pit mining [5] Strategic Growth Opportunity - The Salinas Project is viewed as a compelling growth opportunity that could significantly expand future production capacity, validating the company's strategic vision for regional growth [10] - The proximity of Salinas to Pilbara's Colina Project enhances its strategic importance [10] Neves Project Focus - While advancing the Salinas Project, the company remains committed to bringing its flagship Neves Project into production, which has demonstrated exceptional project economics [12][15] - The Neves Project's Definitive Feasibility Study (DFS) highlights include a 145% IRR, $539 million NPV, and an 11-month payback period, with a DMS plant capable of producing up to 150,000 tpa of lithium concentrate [13][17]
CEO.CA's Inside the Boardroom: Q2 Metals Defines Initial Exploration Target at the Cisco Lithium Project
Newsfile· 2025-07-30 14:15
Core Insights - Q2 Metals Corp. has defined an initial exploration target of up to 329 million tonnes of lithium-bearing rock at their Cisco project, based on 40 drill holes, with competitive grades ranging from 1% to 1.38% [4] - The exploration target currently covers only the main zone of the project, excluding other promising areas that have yet to be explored [4] - As lithium prices recover and M&A activity increases in the sector, Q2 Metals aims to define resources at higher confidence levels, conduct preliminary economic analysis, and advance towards a minable state in a competitive jurisdiction for lithium development [4] Company Overview - CEO.CA is a leading investor social network in venture stocks, founded in 2012, and is a wholly owned subsidiary of EarthLabs, Inc. [2][7] - The platform is popular among investors globally, with millions of visitors each year, facilitating connections and knowledge sharing about stocks, commodities, and emerging companies [2][7] Industry Context - The lithium sector is experiencing a recovery in prices, which is driving increased merger and acquisition activity [4] - The competitive landscape for lithium development is intensifying, highlighting the importance of strategic planning and resource definition for companies like Q2 Metals [4]