"center rock drilling"

ACME Lithium Files Notice of Intent to Drill Lithium Brine Project at Clayton Valley Nevada

ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") is pleased to announce that it has filed permitting documentation with the Bureau of Land Management (BLM) for ACME's Clayton Valley lithium brine project in Esmeralda County, Nevada. The Notice of Intent (NOI) covers a three-hole drill program up to a depth of 500 meters and focuses on the most prospective lithium brine targets as defined by recent geophysical work.

ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. ACME's lithium source material and transport mechanisms could be similar to those that have supplied other Clayton Valley lithium-bearing brines.

ACME's current and ongoing program at Clayton Valley is operated by GeoXplor Corp., one of the industry's early leaders in lithium exploration and development in Nevada and their long standing team of technical contractors. Upon approval and receipt of permits, ACME is targeting to drill its Clayton Valley Lithium project in late Q1 2022 and will provide further updates as new information comes available.

On November 10th, ACME announced that it has received positive results for potential lithium-brine from Hasbrouck Geophysics after the Company completed its Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey. Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated pebble gravel.

ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME.

William Feyerabend, Certified Professional Geologist is a qualified person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release.

About ACME Lithium Inc.

Led by an experienced team, ACME Lithium is a mineral exploration Company focused on acquiring, exploring and developing battery metal projects in partnership with leading technology and commodity companies. ACME has acquired or is under option to acquire a 100-per-cent interest in projects located in Clayton Valley and Fish Lake Valley, Esmeralda County Nevada, and in southeastern Manitoba.

On behalf of the Board of Directors

Steve Hanson
Chief Executive Officer, President and Director
Telephone: (604) 564-9045
info@acmelithium.com

Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release.

This news release may contain forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the exercise of the Option, the undertaking of any expenditures on the Project Claims, including drilling thereof. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/108079

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ACME Lithium Starts Exploration Program at Bailey Lake Pegmatite Discovery Area in Saskatchewan Canada

ACME Lithium Starts Exploration Program at Bailey Lake Pegmatite Discovery Area in Saskatchewan Canada

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that it has commenced a summer exploration program at its Bailey Lake pegmatite discovery area in northeastern Saskatchewan.

Starting August 21st, 2023, ACME will be conducting a 3-in-1 Airborne Geophysical Survey on the Bailey Lake Property which will include Helicopter-borne Tri-axial Gradiometer Magnetics, Radiometrics, and LiDAR (Light Detection and Ranging) to identify regional structural trends and localized controls of pegmatite bodies and other key information to aid in future drill targeting.

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ACME Lithium Successfully Completes 10-Day Pumping Test at Clayton Valley Lithium Brine Project

ACME Lithium Successfully Completes 10-Day Pumping Test at Clayton Valley Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to report that the Company has successfully completed a 10-day pumping test at test well TW-1 located in Clayton Valley, Nevada. The data generated during the test will be used to estimate the transmissivity and the storativity of the Lower Gravel Unit (LGU) at the TW-1 location. Preliminary Phase 1 and Phase 2 data suggest the perforated casing of TW-1 captures approximately 500 feet of potential lithium brine aquifer hosted in the LGU. The LGU is the basal gravel overlaying bedrock in Clayton Valley.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/7776/177491_a3fcc31ed4de6886_002.jpg

Figure 1: Lithium Brine Samples, Clayton Valley Nevada

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ACME Lithium Clarifies Technical Report Disclosure

ACME Lithium Clarifies Technical Report Disclosure

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME"). As a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify its disclosure. By news release dated June 19, 2023, the Company announced it had filed a technical report titled "NI 43-101 Technical Report Update on the Fish Lake Valley Lithium Claystone Property, Esmeralda County, Nevada USA" (the "Technical Report"). Both the news release and the Technical Report stated that the author of the report, William Feyerabend, was an independent consultant.

Mr. Feyerabend is and was as of the date of the Technical Report, a paid consultant of the Company acting in the role of VP Exploration in the United States. As such, Mr. Feyerabend was not independent of the Company and the report should not have stated as such.

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ACME Lithium Commences TW-1 Pumping Test at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Commences TW-1 Pumping Test at Clayton Valley Nevada Lithium Brine Project

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to report that the Company has commenced pumping test activities at test well TW-1 at its Clayton Valley Nevada lithium brine project. The well is the only permitted deep well known to currently exist in the northern portion of Clayton Valley.

Data generated from the pumping test will be used to assess hydraulic properties, brine chemistry of the Lower Gravel Unit (LGU) aquifer and to examine the potential concentration and extractability of economic lithium brine in the LGU.

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ACME Lithium Announces Results from Phase 1 Winter Drilling Program at Shatford Lake Manitoba

ACME Lithium Announces Results from Phase 1 Winter Drilling Program at Shatford Lake Manitoba

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") announced today drill core sample results from its 2023 winter drill program at its 100% owned Shatford Lake and Birse Lake lithium projects in southeastern Manitoba, Canada. ACME's Shatford-Birse claim area are contiguous to the south of Sinomine's world-class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969.

Core drilling was based on geological prospecting/mapping with lithium determinations by LIBS and geophysical magnetic interpretation. Drilling and magnetic interpretation was successful in defining broad structural belts with multiple unexposed pegmatites and specific cross structural features in these broad belts that control pegmatite injection. Recent results from this maiden drilling program at Shatford Lake will help the Company vector in the fertile pegmatite zones. Twenty-six pegmatites were intersected in 6 of 8 drill holes.

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Coniagas Battery Metals Completes Private Placement

Coniagas Battery Metals Completes Private Placement

(TheNewswire)

Coniagas Battery Metals Inc.

Vancouver, BC September 30, 2024 TheNewswire - Coniagas Battery Metals Inc. ("Coniagas" or the "Company") (TSXV:COS) announces that it has held a second and final closing of its previously-announced non-brokered private placement of units.

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Albemarle Corporation to Release Third-Quarter 2024 Earnings Results on Wednesday, November 6, 2024

Albemarle Corporation to Release Third-Quarter 2024 Earnings Results on Wednesday, November 6, 2024

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that it will release its third-quarter 2024 earnings after the NYSE closes on Wednesday, November 6, 2024 .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The company will hold a conference call to discuss its third-quarter 2024 results on Thursday, November 7 , at 8:00 a.m. ET . Access to the call is available via webcast or direct dial. A link to the webcast can be found through Albemarle Corporation's website at http://investors.albemarle.com. Direct dial numbers are provided below:

Participant Dial-in Numbers:  
U.S. & Canada Toll-Free: 1 (800) 590-8290
International: 1-240-690-8800
Conference ID: ALBQ3

Webcast Details:
Event Title: Albemarle Q3 2024 Earnings Call
Event Date: November 7, 2024
Start Time: 08:00 AM ET (US and Canada )

Attendee URL:
https://albemarle-q3-2024-earnings-call.open-exchange.net/

Replay Information:
A webcast replay will be available following the conclusion of the event through the News and Events page on Albemarle's website, http://investors.albemarle.com .

About Albemarle  
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allows us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at Albemarle.com , LinkedIn and on X (formerly known as Twitter) @AlbemarleCorp .

Albemarle regularly posts information to www.albemarle.com , including notification of events, news, financial performance, investor presentations and webcasts, non-GAAP reconciliations, Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

Media Contact: Peter Smolowitz , +1 (980) 308-6310, media@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-release-third-quarter-2024-earnings-results-on-wednesday-november-6-2024-302261574.html

SOURCE Albemarle Corporation

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QX Resources Ltd  Board and Management Changes

QX Resources Ltd Board and Management Changes

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) announces changes to its Board and Management, reflecting current market conditions for junior exploration companies.

Effective today, Steve Promnitz has transitioned from Managing Director to strategic advisor and consultant . In his new role, Steve will continue to help oversee and advise the Company on its US lithium projects and exploration activities across the Company's gold, lithium and iron ore projects.

"Now that QXR is in a solid position with the agreement renegotiated and expanded on its investment in US lithium brine projects, it is the appropriate time to change the board and management" stated Steve Promnitz.



About QX Resources Ltd:  

QX Resources Limited (ASX:QXR) is focused on exploration and development of battery minerals, with hard rock lithium assets in a prime location of Western Australia (WA), and gold assets in Queensland. The aim is to connect end users (battery, cathode and car makers) with QXR, an experienced explorer/developer of battery minerals, with an expanding mineral exploration project portfolio and solid financial support.

Lithium hard rock portfolio: QXR's lithium strategy is centred around WA's prolific Pilbara province, where it has four projects in strategic proximity to some of Australia's largest lithium deposits and mines. Across the Pilbara, QXR's regional lithium tenement package (both granted or under application) spans more than 350 km2.

Lithium brine: QXR drilling and geophysics indicate the existence of a large brine basin at the Liberty Lithium Brine Project USA and geological similarities confirmed with the nearby Silver Peak lithium brine producer Albemarle, in Clayton Valley Nevada. QXR holds an Option to Purchase Agreement to earn-in to 75%.

Gold portfolio: QXR is developing Central Queensland gold projects through a 70% agreement with Zamia Resources Pty Ltd and also on a 100% basis. The gold and copper-gold-moly projects are strategically located within the Drummond Basin, a region that has a >8.5moz gold endowment.

Nickel sulphides: QXR has a significant 39% shareholding in unlisted public Australian company Bayrock Resources Limited, which has a portfolio of highly prospective battery minerals assets in Sweden, primarily in nickel, cobalt and copper. QXR is assisting Bayrock with project development and financing initiatives.

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CleanTech Lithium PLC Announces Interim Results

CleanTech Lithium PLC Announces Interim Results

Interim Results for six-month period ending 30 June 2024

CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development companyadvancing sustainable lithium projects in Chile for the clean energy transition, is pleased to announce its unaudited Interim Results for the six-month period ended 30 June 2024 ("1H 2024" or "the Period").

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Lithium Universe Ltd  Becancour Lithium Refinery - Preliminary Feasibility Study

Lithium Universe Ltd Becancour Lithium Refinery - Preliminary Feasibility Study

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce the results of its Preliminary Feasibility Study( PFS) for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The PFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment.

Highlights

The Lithium Universe Strategy

- Positive, robust Becancour Refinery PFS even in low pricing environment

- LU7 has a counter cyclical strategy - develop project, ready for price recovery

- Closing the Lithium Conversion Gap - growth in resource and end market projects

The Financial Modelling

- Economically viable with excellent pre-tax NPV8% of approximately US$779M

- IRR (pre-tax) of approximately 23.5% and payback of 3.5 years based on;

- Price forecast of US$1,170/t SC6 and US$20,970/t for battery grade Li2CO3

- Current spot price is approx. US$775/t SC6 and US$10,680/t for battery grade LC

- Operating costs at around US$3,976/tonne; capital cost estimate of US$494 million

- Expected annual revenue of approx US$383 million and EBITDA of around US$147 million

- Project break even at around US$780 /t (SC6) and around US$14,000 per tonne LC

The Design

- LU7 offers a solution to worldwide lithium conversion failures and startup problems

- Using proven Jiangsu Refinery operating technology and lithium industry experience

- Producing up to 18,270 tonnes/year of green battery-grade lithium carbonate

- Smaller off-the-shelf style plant rather than large difficult-to-operate facilities

- Initial focus on lithium carbonate production - feed for LFP batteries

- Assumptions based on real operating data and experience - not new aspirant

The Location

- Quebec ideal trans-Atlantic lithium conversion centre, comparable to China

- Feedstock from Canada, Brazil and Africa - end market North America

- Critical cost benefits - cheap green power, transport mine/end market savings, US/Canada tariffs

- 95% GHG emission reduction with Hydro Quebec's green energy

Next Steps

- Offtake discussions with interested OEMs underway

- LU7 continues to progress full Definitive Feasibility Study

The Company plans to build a reliable, low-risk lithium conversion refinery with an annual capacity of up to 18,270 tonnes, utilizing proven expertise from the Jiangsu processing model. The facility will produce environmentally friendly, battery-grade lithium carbonate. The Company aims to establish a Canadianbased lithium chemicals business, purchasing spodumene feedstock from both domestic suppliers and international markets, including Brazil and Africa and producing a battery grade lithium carbonate product. This aligns with the Company's broader vision of contributing to the North Atlantic lithium supply chain and closing the Lithium Conversion Gap.

The project's economics are highly favourable, even with conservative price assumptions. The refinery is economically viable with a pre-tax Net Present Value (NPV) of approximately US$779 million, using an 8% discount rate, and a pre-tax Internal Rate of Return (IRR) of around 23.5%. The payback period is estimated at 3.5 years. The financial model is built on cautious price forecasts of US$1,170 per tonne for spodumene concentrate (SC6) and US$20,970 per tonne for battery-grade lithium carbonate equivalent (LCE). LU7's directors believe they have a reasonable basis for using the assumed price in the study of US$20,970 per tonne for battery grade lithium carbonate. Key operational assumptions include 86% plant availability and 88% lithium recovery. At full production capacity, the project is expected to generate approximately US$383 million in annual revenue, with costs totalling around US$236 million, leading to an annual EBITDA of approximately US$147 million and a gross margin of in the region of 38%. Post-tax, the NPV at an 8% discount rate is estimated at approximately US$501 million. The capital cost for the project is estimated at US$494 million, which includes a contingency of US$68 million. The capital cost estimate is based on advanced design specifications from the Jiangsu Lithium Refinery model, ensuring robust financial planning and projection. These factors highlight the project's strong financial viability, even under conservative pricing conditions.

MANAGEMENT COMMENT

Lithium Universe Chairman, Iggy Tan said "The successful completion of our Preliminary Feasibility Study is a significant milestone for the company, especially given that we only launched in August of last year. Early on, we recognized that bridging the lithium conversion gap in North America, leveraging our accumulated lithium expertise and the proven technology from Jiangsu, was a clear and strategic path forward."

"Our counter-cyclical strategy is centered on advancing projects during market downturns, allowing us to strategically position ourselves for growth as the market rebounds. We are dedicated to funding and constructing a proven, low-risk lithium conversion refinery in Quebec, marking the first step toward establishing Quebec as the lithium conversion hub for the Transatlantic region."

"The strong NPV and returns for the project indicate an economically viable project. We will be looking to secure strategic partners at the project level to help fund the project. There is significant interest from OEMs with spodumene offtake supply seeking conversion outside of China, and discussions are already underway. We are confident that the Becancour lithium refinery, with an annual capacity of 18,270 tonnes, will emerge as a leader in producing green, battery-grade lithium carbonate."

"The Company will advance quickly to complete a Definitive Feasibility Study and finalise offtake partnerships".

COUNTER CYCLICAL STRATEGY

Leveraging experience with cyclical movements in the lithium market, Lithium Universe utilizes a counter-cyclical strategy focused on developing projects during market downturns to strategically position itself as the market recovers. Although the recent oversupply of lithium has resulted in price declines, the Company remains confident in the strong long-term demand for lithium, driven by the growing electric vehicle (EV) and energy storage sectors. This ongoing demand underscores the need for continued investment in lithium mining and refining projects. LU7 believes that the current market conditions provide an optimal window for project development. With falling and depressed prices, less viable projects and weaker players have been cleared out of the market, leaving space for more robust and well-prepared companies. By advancing its Becancour Lithium Carbonate Refinery during this downturn, LU7 aims to be ready for a price recovery and capitalize on future growth, ensuring its plac in the evolving lithium market.

Over the past four years, lithium prices have experienced significant fluctuations due to the expanding electric vehicle (EV) market and increased demand for energy storage. From 2020 to early 2022, prices surged as supply struggled to keep pace with demand driven by the global shift towards cleaner energy. By 2022, lithium carbonate and hydroxide prices had risen over 400%, influenced by COVID-19-related supply disruptions. As of late 2023, prices have begun to stabilize due to new mining and refining projects. Although recent oversupply has led to price declines, long-term demand for lithium remains strong, necessitating continued investment in mining and refining.

The lithium market is currently undergoing a rebalancing phase due to oversupply and strategic production shutdowns by major producers. Companies and operations such as Core Lithium, Greenbushes JV, Mineral Resources, Albemarle's Kemerton and more recently, CATL's Yichun mine and Arcadium's Mt Cattlin have either slowed production or halted operations in response to recent price drops. Despite these supply adjustments, demand for lithium remains robust, particularly from growing EV sales in China. LU7 believes that prices are expected to recover to more sustainable levels over the next 12-18 months, although not reaching the unsustainable peaks of 2021-2022. This market rebalancing is essential for the sustainability of future lithium projects and the overall market. LU7's counter-cyclical strategy means developing a project during market downturns to benefit when the market recovers.

CLOSING THE LITHIUM CONVERSION GAP

Currently, over 90% of global LFP battery manufacturing is concentrated in China, but North America is rapidly expanding its capacity. Ford plans to build a $3.5 billion factory in Michigan with an annual capacity of 35 gigawatt-hours (GWh) by 2026, while Tesla is developing a facility in Nevada with a 10 GWh capacity focused on improving charging speed and energy density. LG Energy Solutions is investing $5.6 billion in Arizona to produce LFPs for energy storage systems and EVs.

By 2028, North America is expected to add nearly 1,000 GWh of battery manufacturing capacity, supporting the production of 10 to 13 million electric vehicles annually. Key states like Georgia, Kentucky, and Michigan will lead this growth. Canada is also investing in the sector, with partnerships from Volkswagen, Stellantis, and others, helping to secure its position in the global automotive market and meet the rising demand for EVs.

The Company estimates that 850,000t of LCE per annum will be required to satisfy demand in North America by 2028.

*To view the full details of the announcement, please visit:
https://abnnewswire.net/lnk/WY641GJW



About Lithium Universe Ltd:  

Lithium Universe Ltd (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF), headed by industry trail blazer, Iggy Tan, and the Lithium Universe team has a proven track record of fast-tracking lithium projects, demonstrated by the successful development of the Mt Cattlin spodumene project for Galaxy Resources Limited.

Instead of exploring for the sake of exploration, Lithium Universe's mission is to quickly obtain a resource and construct a spodumene-producing mine in Quebec, Canada. Unlike many other Lithium exploration companies, Lithium Universe possesses the essential expertise and skills to develop and construct profitable projects.



Source:
Lithium Universe Ltd

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CleanTech Lithium PLC Announces CEOL Update

CleanTech Lithium PLC Announces CEOL Update

Chilean Government prioritises Laguna Verde for CEOL

CleanTech Lithium PLC (AIM:CTL)(Frankfurt:T2N)(OTCQX:CTLHF), an exploration and development company advancing lithium projects in Chile for the clean energy transition, reports an announcement by the Chilean Government on the Expressions of Interest ("RFIs") process under which the Company made submissions in June 2024. This is part of the process for the awarding of a Special Lithium Operating Contract ("CEOL") to enter production

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