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Nevada Lithium Announces Significant Amounts of Critical Minerals Rubidium and Cesium Within its Bonnie Claire Lithium Project
Globenewswire· 2025-09-17 11:00
Core Insights - Nevada Lithium Resources Inc. has identified significant rubidium and cesium mineralization in its Bonnie Claire lithium project, which could enhance the project's economic viability and contribute to the U.S. supply of critical minerals [1][3][4] Company Developments - The CEO of Nevada Lithium, Stephen Rentschler, highlighted that the presence of rubidium and cesium aligns with the U.S. Department of the Interior's Draft 2025 Critical Minerals List, potentially increasing the revenue from boron by-products identified in the Preliminary Economic Assessment (PEA) [2][4] - Initial analysis of the Pregnant Leach Solution (PLS) indicates that rubidium and cesium are recoverable, and the company is exploring various recovery options [3][20] Project Details - The Bonnie Claire project has a mine life of 61 years and a processing rate of nearly 3 million tonnes of ore annually, suggesting a substantial contribution to the U.S. domestic supply of critical minerals [3][28] - The project consists of two mineral deposits: an Upper Zone with moderate-grade lithium and boron, and a Lower Zone characterized by high-grade lithium and boron [5][6] Mineralization Findings - Significant cesium and rubidium mineralization was confirmed in all drill holes from the 2023 and 2024 drilling programs, with notable grades including 248 ppm Cs over 318.5 ft and 313 ppm Rb over 298.5 ft [9][10] - A strong positive correlation was found between cesium, rubidium, lithium, and boron grades, indicating potential for enhanced recovery and economic returns [12][13] Economic Assessment - The recently released PEA indicates an after-tax net present value of $6.829 billion at an 8% discount rate, based on lithium and boron pricing [28] - The company aims to optimize the lithium flowsheet while investigating recovery options for rubidium and cesium to further enhance project economics [20][32]
Quantum Joins 47G Institute to Support Critical Mineral Initiatives
Thenewswire· 2025-09-12 13:00
Core Insights - Quantum Critical Metals Corp. has joined the 47G Institute to enhance North American critical materials supply chains in response to new U.S. defense sourcing regulations [1] - The partnership aligns with the U.S. law banning Chinese-sourced rare earth magnets in defense systems, effective January 1, 2027, prompting a shift in supply chain dynamics [1] - CEO Marcy Kiesman emphasizes the importance of collaboration and strategic partnerships to secure critical mineral resources for energy and security [1] Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects essential for next-generation technologies [2] - The company has a diverse portfolio, including projects in Québec and British Columbia, aimed at supporting a secure and sustainable critical metals supply for the West [2]
Quantum Visits Babine Copper Projects, BC
Thenewswire· 2025-08-20 21:40
Core Viewpoint - Quantum Critical Metals Corp. is advancing its Babine copper projects in British Columbia, focusing on site visits to establish access, verify previous showings, and conduct geological mapping and sampling [1][8]. Group 1: Project Details - The Babine North property includes the historic Friday Red copper showing, featuring disseminated chalcopyrite within volcanic rocks, located 90 km east of Hazelton, B.C. [2] - The Babine East property hosts the Adda showing, with historical assays reporting 5.49 g/t silver and 10.6% copper from chalcopyrite veins [3]. - The Babine South property covers the Bol showing, where historical sampling yielded silver values up to 2,790 g/t (99.6 oz/t) [4]. - The Babine Swift property spans 487 hectares and features various mineralization styles, with grab samples returning 0.46–1.28% copper, 11.6–14.8 g/t silver, and 0.13–2.15 g/t gold [5]. - The Babine West property covers 2,300 hectares and borders significant deposits, with exploration results reported in March 2025 [6]. Group 2: Company Strategy and Goals - The company aims to supply North America with critical minerals while exploring opportunities for joint ventures and collaborations with other mining companies [8]. - Geological mapping and outcrop sampling are identified as essential early-stage exploration activities that will lead to further geophysics and drilling [8]. - Quantum Critical Metals Corp. is strategically positioned to support the transition to a secure and sustainable critical metals supply, with a growing portfolio of projects [10].
International Lithium Announces Private Placement
Newsfile· 2025-08-12 11:00
Core Viewpoint - International Lithium Corp. is conducting a non-brokered private placement to raise up to CAD $1,000,000 by issuing 66,666,667 common shares at CAD $0.015 per share, aimed at funding operations in Southern Africa and Canada, as well as general working capital [1][2]. Group 1: Private Placement Details - The private placement will involve a maximum of 66,666,667 common shares priced at CAD $0.015 each, with gross proceeds expected to reach up to CAD $1,000,000 [1]. - The company may pay finders fees on a portion of the placement, and payments for Investor Relations activities are not expected to exceed 10% of the proceeds [2][5]. - Closing of the offering is subject to acceptance by the TSX Venture Exchange, and all securities will be subject to a four-month hold period under Canadian securities laws [3]. Group 2: Company Operations and Strategy - The proceeds from the private placement will be utilized to invest in the company's operations in Southern Africa and Canada, as well as for general working capital [2]. - The company has exploration activities in Ontario, Canada, and plans to expand into Southern Africa, focusing on lithium, rubidium, and copper [6][9]. - The Raleigh Lake Project is the company's most significant project, covering 32,900 hectares and is 100% owned by the company, with a Preliminary Economic Assessment completed in December 2023 [12][14]. Group 3: Market Context and Future Outlook - The demand for lithium is rising due to its critical role in electric vehicles and renewable energy technologies, positioning it as a key resource in the green energy economy [7][14]. - The company aims to optimize the value of its existing projects while exploring new opportunities, particularly in Southern Africa, where it has applied for Exploration Permits [9][14]. - The strategic focus includes generating revenue from lithium and other battery metals, contributing to a cleaner environment, and enhancing shareholder value throughout the 2020s [8][14].
Midasco Capital Corp. Completes Acquisition of Tungsten and Critical Metals Project from Ridgeline Minerals
Thenewswire· 2025-07-31 16:00
Core Viewpoint - Midasco Capital Corp. has completed the acquisition of Spartan Exploration Nevada Corporation and has changed its name to Spartan Metals Corp, focusing on critical minerals projects in the Western United States [2][6]. Company Overview - Spartan Metals Corp. is now a Tier 2 mining issuer on the TSX Venture Exchange, with a new ticker symbol "W" expected to begin trading on or about August 5, 2025 [6]. - The company is focused on developing critical minerals projects, particularly in tungsten, rubidium, antimony, bismuth, and arsenic [14]. Acquisition Details - Midasco acquired 100% of Spartan, which holds 244 lode mineral claims in White Pine County, Nevada, known as the Eagle Property [2][3]. - The Eagle Property is recognized for its high-grade tungsten production, with historical operations reporting 8,352 tonnes of tungsten trioxide at average grades of 0.6-1.0% from 1917 to 1956 [3][15]. - As part of the acquisition agreement, Midasco issued 5,830,466 common shares to Ridgeline, representing 19.9% of Midasco's total shares [4][8]. Financial Terms - Ridgeline will receive additional shares on the one-year anniversary of the closing, capped at 5,000,000 shares or enough to maintain a 19.9% stake [4]. - Ridgeline has been granted a 1% net smelter return royalty on the Eagle Property and any additional ground staked within a 2-mile area of interest [5]. Regulatory and Compliance - The Midasco Shares issued to Ridgeline are subject to a four-month hold period and a 12-month transfer restriction [7]. - An early warning report will be filed with Canadian securities regulators following the acquisition [10].
Surge Reports Significant Amounts of Critical Minerals Rubidium and Cesium Contained Within its Nevada North Lithium Project
Newsfile· 2025-07-28 11:00
Core Insights - Surge Battery Metals Inc. has identified significant rubidium (Rb) and cesium (Cs) mineralization within its Nevada North Lithium Project, indicating a potential substantial domestic resource for these critical minerals [1][3][5] Group 1: Mineralization Findings - Initial assay results from eight drilled holes show consistent rubidium grades averaging 303 ppm and cesium grades averaging 124 ppm, confirming a strong correlation with lithium mineralization [3][8] - The mineralization of rubidium and cesium is present throughout the main mineralized horizons of the deposit, suggesting their potential as valuable by-products [3][8] Group 2: Future Plans - The company plans to re-submit pulp samples from the 2022 and 2023 drill programs for further assays to evaluate the potential for a formal resource calculation for rubidium and cesium [4][5] - The presence of these critical minerals could significantly impact the project's future economics, as outlined in the Preliminary Economic Assessment, which includes a Life of Mine plan for processing over 200 million tonnes of material [5] Group 3: Industry Context - Rubidium and cesium are considered critical high-value minerals with applications in specialized electronics, telecommunications, and medical technologies, typically produced as by-products from a limited number of lithium and pollucite mines globally [6]
Quantum Critical Metals Initiates Metallurgical Test Work on Gallium-Rubidium-Cesium Mineralization at NMX East
Thenewswire· 2025-07-25 13:00
Core Insights - Quantum Critical Metals Corp. has submitted a core test sample from the NMX East project for metallurgical testing to SGS Lakefield, Ontario, aiming to investigate the mineralogical association of gallium, rubidium, and cesium [1][4] - The company is prioritizing early metallurgical studies to evaluate the economic viability of metal recovery, which is a proactive approach to fast-track development and enhance its position in the critical metal supply chain in North America [6][7] - Recent geopolitical developments, including China's export restrictions on gallium, highlight the strategic importance of diversifying supply chains and developing domestic sources for critical metals [9][17] Company Developments - A core sample weighing over 40kg was taken from hole DNW 2023-03, with assay results indicating significant levels of gallium, rubidium, and cesium [2][3] - The company has identified two distinct mineralized systems within its portfolio, confirming elevated and consistent intervals of critical metals [4] - Initial findings suggest gallium may be recoverable from mica, a non-traditional source, which could enhance the company's processing capabilities [6] Market Context - The global high-purity gallium production was estimated at 320 tonnes in 2023, with a projected demand growth due to its applications in semiconductors and renewable energy [8] - Rubidium, primarily obtained as a byproduct of lithium, has a niche market with an estimated global annual consumption of less than 2,000 kilograms, and prices for high-purity rubidium compounds can exceed $1 million per tonne [11][12] - The cesium market was valued at approximately USD 363.58 million in 2024, projected to reach nearly USD 601.72 million by 2032, driven by its applications in medical imaging and telecommunications [13][15] Strategic Importance - The discoveries made by Quantum Critical Metals Corp. are timely, as they support North American critical mineral independence amid global supply chain challenges [6][9] - The company's focus on gallium, rubidium, and cesium aligns with the increasing demand for these metals in high-tech applications, including semiconductors and renewable energy technologies [10][16] - The strategic importance of critical metals is underscored by the U.S. and Canada identifying specific minerals vital to their economic and national security [16][17]
Green Technology Metals Announces Large, High-Grade Rubidium Resource at Seymour Project, Ontario
Globenewswire· 2025-07-25 03:58
Core Viewpoint - Green Technology Metals Ltd has announced a maiden Rubidium Mineral Resource at its Seymour Project in Ontario, Canada, which is expected to convert previously considered waste into a valuable by-product stream [1][2][4]. Group 1: Rubidium Resource Details - The maiden Rubidium Mineral Resource estimate at the Seymour Project includes 8.3 million tonnes at 0.27% Rb₂O, equating to approximately 23,000 tonnes of contained Rb₂O, with a high-grade component of 3.4 million tonnes at 0.40% Rb₂O, representing around 13,600 tonnes of contained Rb₂O [9]. - Rubidium is recognized as a critical mineral by the United States and Japan, with a market price of approximately USD $1,060 per kilogram for high-purity material, highlighting its importance in advanced electronics, aerospace, quantum computing, and defense applications [4][6]. Group 2: Strategic Implications - The discovery of Rubidium mineralization adds significant strategic value to the Seymour Project, positioning it as one of the largest high-grade Rubidium resources on the ASX and the most substantial in Canada [6]. - The company's vertically integrated strategy aims to maximize resource value and support a sustainable, diversified critical minerals supply chain by exploring the recovery of Rubidium as a low-cost by-product alongside its core lithium operations [5][7]. Group 3: Future Outlook - The company plans to conduct targeted test work to better understand Rubidium's recovery potential and further integrate this opportunity within its broader strategy and government engagement initiatives [7].
Quantum Closes Private Placement
Thenewswire· 2025-07-18 13:00
Core Viewpoint - Quantum Critical Metals Corp. has successfully closed its final tranche of a non-brokered private placement financing, raising gross proceeds of $580,000.30 through the sale of 5,800,003 units at a price of $0.10 per unit [1][4]. Group 1: Offering Details - The total gross proceeds from the entire offering amounted to $2,009,100.30, with 20,091,003 units sold [4]. - The company paid finder's fees totaling $54,217 in cash and issued 541,170 broker warrants for subscriptions introduced by certain persons [4]. - The offering included participation from certain insiders, amounting to $165,000.30 from the issuance of 1,650,003 units [5]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized to fund ongoing exploration activities on the company's properties in British Columbia and Quebec, as well as for general corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is subject to final approval from the TSX Venture Exchange and customary conditions for private placements [3]. - All securities issued are subject to a statutory hold period of four months and one day, expiring on November 18, 2025 [3]. Group 4: Company Overview - Quantum Critical Metals Corp. is a Canadian mineral exploration company focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various promising assets [8].
Quantum Closes Second Tranche of Private Placement
Thenewswire· 2025-07-16 00:40
Group 1 - Quantum Critical Metals Corp. has closed a second tranche of its non-brokered private placement financing, raising gross proceeds of $400,000 through the sale of 4,000,000 units at a price of $0.10 per unit [1] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the holder to acquire one share at a price of $0.20 until July 15, 2027 [1] - The company plans to use the net proceeds from the offering to fund exploration activities in British Columbia and Quebec, as well as for general corporate purposes [2] Group 2 - The closing of the offering is subject to final approval from the TSX Venture Exchange and other customary conditions for a private placement [3] - A final tranche is expected to close around July 17, 2025, with all securities issued subject to a statutory hold period expiring on November 16, 2025 [3] - The company paid finder's fees of $11,830 in cash and issued 118,300 broker warrants related to subscriptions from purchasers introduced by certain persons [4] Group 3 - Quantum Critical Metals Corp. is focused on advancing critical metals projects that support next-generation technologies, with a portfolio that includes various projects in Quebec and British Columbia [7] - The company is strategically positioned to support the transition to a secure and sustainable critical minerals supply in the West [7]