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Sienna Resources Enters into Joint Venture Agreement to Test the Deep Basin Lithium Brine Discovery Potential in Clayton Valley, Nevada
TMX Newsfile· 2026-01-28 08:01
Core Viewpoint - Sienna Resources Inc. has entered into a joint venture with Cruz Battery Metals Corp. and Adelayde Exploration Inc. to explore lithium brine potential in Clayton Valley, Nevada, amidst rising lithium prices and increased investor interest in junior mining stocks [1][2]. Group 1: Joint Venture Agreement - The joint venture involves sharing costs, expenses, liabilities, and benefits among the three parties, with each holding a one-third beneficial interest in the mineral claims [3][5]. - Each party will contribute one-third of the costs for exploration and development programs and will receive one-third of the benefits and liabilities [10]. - Parties can exit the joint venture with 30 days' written notice, after which they will no longer be entitled to any benefits or liabilities [10]. Group 2: Market Context and Strategic Importance - Lithium prices have increased over 150% in the past six months, contributing to a favorable environment for junior mining stocks [2]. - The joint venture consolidates mineral claims in the only lithium brine basin currently in production in the U.S., enhancing appeal for larger partners and increasing drilling opportunities [2]. - Sienna's management is optimistic about the potential for significant discoveries, given the current high lithium prices and the company's financial position with over 40 million shares outstanding [2]. Group 3: Company Overview - Sienna Resources focuses on lithium assets in Nevada, including the Elko Lithium Project and the Cave Creek Lithium Project, which are strategically located near other significant lithium projects [7]. - The company also holds the Deep Basin Lithium Brine Project in Clayton Valley, which provides access to some of the deepest parts of the only lithium brine basin in production in the U.S. [7]. - In addition to its lithium projects, Sienna has a 31,718-acre project in Saskatchewan that is prospective for gold, silver, and copper [7].
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].
Cruz Battery Metals Enters into Joint Venture Agreement for Deep Basin Lithium Brine Exploration in Clayton Valley, Nevada
TMX Newsfile· 2026-01-28 08:01
Core Viewpoint - Cruz Battery Metals Corp. has entered into a joint venture agreement with Sienna Resources Inc. and Adelayde Exploration Inc. to explore lithium brine potential in Clayton Valley, Nevada, which is significant due to its established lithium production history [1][3]. Joint Venture Agreement - The joint venture involves a total of 115 mineral claims covering 2,300 acres, located within the vicinity of existing lithium deposits [1]. - Each party in the joint venture will share costs, expenses, liabilities, and benefits equally, with a one-third beneficial interest in each mineral claim [7][12]. - 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 [12]. Lithium Market Context - Lithium prices are currently at two-year highs, having increased over 150% since June 2025, indicating a favorable market environment for lithium exploration and production [3]. - The Clayton Valley is home to the only long-established lithium brine basin in the U.S., with Albemarle's Silver Peak lithium brine mine being the sole producer since the 1960s [1][3]. Exploration and Resource Estimation - Cruz Battery Metals is also working on a maiden resource estimate for its Solar Lithium Project in Big Smoky Valley, Nevada, with Stantec Consulting Ltd. engaged for this purpose [3]. - The company has discovered lithium in all 14 drill holes during its previous drilling phases at the Solar Lithium Project, which spans 4,938 acres [4].
Awesome FREE T‑Shirt Giveaway for Elektros Shareholders - Demand Is Exploding
Accessnewswire· 2026-01-28 06:50
Core Viewpoint - Elektros Inc. is engaging with its shareholders through a promotional giveaway of branded T-shirts as a gesture of appreciation for their support [1] Company Summary - Elektros Inc. is a developer of hardrock lithium mining operations located in Sierra Leone [1] - The company is offering complimentary Elektros-branded T-shirts to shareholders for a period of 30 days [1]
Elevra Lithium Quarterly Activities Report
Globenewswire· 2026-01-28 00:31
Core Insights - Elevra Lithium Limited reported record quarterly revenue and gross profit at North American Lithium (NAL), while adjusting production outlook due to short-term operational conditions [1][11][21] Financial Performance - NAL generated revenue of US$66 million for the December 2025 quarter, a 223% increase from the previous quarter, driven by a 154% increase in spodumene concentrate sold [35][66] - Average realized selling price (FOB) rose by 27% to US$998/dmt, reflecting improved market conditions [36][66] - Unit operating costs decreased slightly to US$812/dmt sold, compared to US$818 in the prior quarter [38][66] Production and Operations - Ore mined increased by 15% quarter on quarter to 389,801 wet metric tonnes (wmt), but lithium recovery declined to 62%, down 7% from the previous quarter [7][22] - Spodumene concentrate production fell by 15% to 44,154 dry metric tonnes (dmt) due to lower feed grades and higher iron content in the ore [7][31] - Mill utilization improved to 89%, a 2% increase quarter on quarter, despite a planned shutdown for maintenance [32] Growth Projects - Elevra is advancing the NAL Expansion with an accelerated timeline to increase annual production and reduce unit operating costs [3][46] - The Ewoyaa Mining Lease ratification process is ongoing, with project advancement contingent on this and suitable financing [5][18] - Carolina Lithium received General Stormwater Permits, marking progress in environmental permitting [51][53] Corporate Developments - Christian Cortes was appointed as Chief Financial Officer, bringing over 20 years of experience in the finance and resources sector [62][63] - The company revised its FY26 production and sales guidance to a more conservative outlook, reflecting operational challenges [60][61] Health and Safety - The Total Recordable Injury Frequency Rate (TRIFR) increased during the quarter, but it was noted as the second-best safety performance since operations resumed in 2023 [23][24]
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Sigma Lithium Corporation – SGML
Globenewswire· 2026-01-27 22:21
Core Viewpoint - Sigma Lithium Corporation is under investigation for potential securities fraud and unlawful business practices, following a series of operational and liquidity issues that have negatively impacted its stock performance [1][3]. Group 1: Company Performance and Stock Impact - On January 8, 2026, Bank of America downgraded Sigma Lithium from Neutral to Underperform due to unresolved operational and liquidity issues, leading to a stock price decline of $2.36 per share, or 15.07%, closing at $13.30 per share [3]. - Following a report on January 15, 2026, regarding the shutdown of three waste piles at Sigma Lithium's mine by Brazil's Labor Ministry due to safety concerns, the stock price fell by $4.32 per share, or 26.04%, closing at $12.27 per share on January 16, 2026 [4]. Group 2: Legal Investigation - Pomerantz LLP is investigating claims on behalf of Sigma Lithium investors regarding potential securities fraud or other unlawful business practices by the company and its officers or directors [1].
Elektros Commences Full-Scale Hard-Rock Lithium Extraction and Stockpile Build-Out at Sierra Leone Mining Site
Accessnewswire· 2026-01-27 13:20
SUNNY ISLES BEACH, FLORIDA / ACCESS Newswire / January 27, 2026 / Elektros Inc. (OTC PINK:ELEK), a developer of hard-rock lithium mining operations in Sierra Leone, today announced the commencement of full-scale extraction activity at its mining site as the Company accelerates production readiness and long-term supply initiatives. With operations now underway, Elektros has deployed its on-site team to begin extracting and gathering hard-rock lithium material. ...
Critical Elements Lithium Corp Announces Investor Relations Partnership With Adelaide Capital and Oak Hill Capital
Accessnewswire· 2026-01-26 18:00
MONTRÉAL, QC / ACCESS Newswire / January 26, 2026 / Critical Elements Lithium Corporation (TSX- V:CRE)(US OTCQX:CRECF)(FSE:F12) ("Critical Elements" or the "Corporation") is pleased to announce it has strengthened its investor relations strategy and capital markets program through the engagement of Adelaide Capital ("Adelaide"), Oak Hill Financial Inc. ("Oak Hill"), and 6ix, in support of the continued advancement of the Rose Lithium-Tantalum Project and the Corporation's development. Adelaide is a full-ser ...
Argentina Lithium Announces Brokered LIFE Private Placement for Gross Proceeds of up to C$4,300,000
Accessnewswire· 2026-01-26 12:22
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / January 26, 2026 / Argentina Lithium & Energy Corp. (TSXV:LIT)(FSE:OAY3)(OTCQB:LILIF) ("Argentina Lithium" or the "Company") is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc. ("Red Cloud") to act as lead agent and sole bookrunner on behalf of a syndicate of agents (the "Agents") in connection with a "best efforts" private placement (the "Market ...
ILC Critical Minerals Ltd. Extends Option to Buy Lepidico Mauritius Ltd, Which Owns 80% of the Namibian Company That Owns a 100% Interest in the Karibib Lithium, Rubidium and Cesium Project
TMX Newsfile· 2026-01-26 11:00
Vancouver, British Columbia--(Newsfile Corp. - January 26, 2026) - ILC CRITICAL MINERALS LTD. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH0) ("ILC" or the "Company") is pleased to announce that it has extended its option to buy 100% of Lepidico (Mauritius) Ltd. ("Lepidico Mauritius") from Lepidico (Canada) Inc. ("Lepidico Canada") until February 27, 2026.Since the option and the related loan agreement were first announced on September 9, 2025, Lepidico Chemicals Namibia (Pty) Ltd. ("LCN" or "Lepidico Namibia") has ...