ACME Lithium Issued Work Permit by the Manitoba Government to Drill Up to 5,000 Meters at Shatford Lake

ACME Lithium Issued Work Permit by the Manitoba Government to Drill Up to 5,000 Meters at Shatford Lake

ACME Lithium Inc. (CSE: ACME) (OTCQX: ACLHF) (the "Company", or "ACME") is pleased to announce that a work permit has been issued by the Government of Manitoba for the Company's upcoming drill program at its Shatford Lake project in the Winnipeg River pegmatite region in southeastern Manitoba, Canada. ACME's land holdings in southeastern Manitoba comprise approximately 17,000 acres or 70 square kilometres.

Drilling Program Highlights:

  • ACME plans to drill up to 5,000 meters and has mobilized equipment, supplies and crew to Lac du Bonnet, Manitoba.
  • Priority 1, 2, and 3 drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to the summer program.
  • A priority area, referred to as Shatford East, is part of the Shatford - Winnipeg River structure that is a 7 km curvilinear feature on the claim block with multiple observations of pegmatites containing anomalous lithium.

ACME's Shatford Lake claim is located strategically and abuts to the south of Sinomine Resource Group's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969. Tanco Mine and Shatford Lake areas are located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). The Shatford - Winnipeg River structure is analogous to the Bernic Lake high strain zone that is interpreted to be related to the Tanco pegmatite.

The northern and southern limbs of the Bird River Greenstone Belt contain at least 10 pegmatite fields and host hundreds of individual pegmatite bodies, of which many are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites. In both limbs of the BRGB, pegmatites are associated with granitic intrusions into structurally dilatant zones adjacent to major belt parallel shear zones. Worldwide, LCT pegmatite deposits account for about one-fourth of the world's lithium production, most of the tantalum production, and all the cesium production.

ACME completed an extensive summer exploration program employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. The Company's exploration focus is on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate.

Dane Bridge, P. Geol. 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, at Shatford, Birse, and Cat-Euclid Lakes in southeastern Manitoba, and at Bailey Lake in northern Saskatchewan.

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.

Forward Looking Statement

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 attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. ACME's project location adjacent to or nearby lithium 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. 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/147956

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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.

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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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Albemarle Corporation to Participate in February 2025 Investor Conferences

Albemarle Corporation to Participate in February 2025 Investor Conferences

Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced that Kent Masters chairman and CEO, is scheduled to present at the BMO Capital Markets 2025 Global Metals, Mining & Critical Materials Conference on Monday, Feb. 24 at 3 p.m. ET .

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

Neal Sheorey , chief financial officer, is scheduled to participate in a fireside chat at the BofA Securities 2025 Global Agriculture and Materials Conference on Wednesday, Feb. 26 , at 7:30 a.m. ET .

Live webcasts for both events will be available at the time of the presentations through the news and events page on Albemarle's investor relations website at http://investors.albemarle.com . Webcast replays will be accessible in the same location following the conclusion of the live events.

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 ("SEC") filings and other information regarding the company, its businesses and the markets it serves.

Media Contact: Peter Smolowitz , +1 (980) 308-6310, Peter.Smolowitz@albemarle.com
Investor Relations Contact: +1 (980) 299-5700, invest@albemarle.com

Cision View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-corporation-to-participate-in-february-2025-investor-conferences-302378335.html

SOURCE Albemarle Corporation

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Lithium Universe Ltd  Becancour Lithium Refinery Definitive Feasibility Study

Lithium Universe Ltd Becancour Lithium Refinery Definitive Feasibility Study

Melbourne, Australia (ABN Newswire) - Lithium Universe Limited (ASX:LU7) (FRA:KU00) (OTCMKTS:LUVSF) is pleased to announce the results of its Definitive Feasibility Study (DFS) for the Becancour Lithium Carbonate Refinery in Quebec, Canada. The Company previously released a Preliminary Feasibility Study in October 2024. The follow-up DFS confirms the viability of a strong lithium conversion project, even within a below-average pricing environment. The Company plans to build a reliable, lowrisk 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 Canadian-based 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 continues to be highly favourable, even with conservative price assumptions. The refinery is economically viable with a pre-tax Net Present Value (NPV) of approximately US$718 million, using an 8% discount rate, and a pre-tax Internal Rate of Return (IRR) of around 21.0%. The full rate payback period is estimated at 3.9 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$148 million and a gross margin of in the region of 39%. Post-tax, the NPV at an 8% discount rate is estimated at approximately US$449 million. The capital cost for the project is estimated at US$549 million, which includes a contingency of US$51 million. The capital cost has risen by 11% compared to the PFS, primarily driven by the inclusion of a Zero Liquid Discharge (ZLD) system (US$30 million) to enable the recycling and reuse of all process water on-site. Additional factors, such as escalation and updated pricing quotes, also contributed to this modest increase. The capital costs 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.

Chairman's Comment

Lithium Universe Chairman, Iggy Tan said "The strong NPV and returns for the project indicate an economically viable project and the Board has made the Financial Investment Decision (FID), and the project is now proceeding to the funding stage.

An equity and debt adviser will be engaged to lead the funding outreach program, aimed at securing strategic partners at the project level to support project financing. Initial discussions with various banks and debt providers have been encouraging.

The Company will continue discussions with interested OEMs with spodumene offtake supply seeking conversion outside of China. 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. We recognized that bridging the lithium conversion gap in North America, leveraging our accumulated lithium expertise and the proven technology from Jiangsu, is a clear strategy."

"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."

To view the VIDEO, please visit:
https://www.abnnewswire.net/lnk/N50A4W00

*To view the full Feasibility Study, please visit:
https://abnnewswire.net/lnk/D1EI5591



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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Mawson Finland Announces Upsize of Brokered Private Placement

Mawson Finland Announces Upsize of Brokered Private Placement

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

Mawson Finland Limited (" Mawson " or the " Company ") (TSXV: MFL) is pleased to announce that due to significant demand, it has entered into an agreement with Stifel Nicolaus Canada Inc. (the " Agent ") to upsize its previously announced "best efforts" private placement financing (the " Offering ") to up to C$6,000,000 in gross proceeds from the issuance and sale of up to 3,157,895 common shares of the Company (each, a " Share ") at a price of C$1.90 per Share (the " Offering Price ").

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Canadian Investment Regulatory Organization Trade Resumption - MFL

Canadian Investment Regulatory Organization Trade Resumption - MFL

Trading resumes in:

Company: Mawson Finland Limited

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