Beyond Lithium Announces up to 5.11% Li2O at Its Last Resort Pegmatite and up to 3.48% Li2O at Its Bounty Gold Pegmatite from Spodumene Pegmatites Grab Samples at Victory Project

Beyond Lithium Announces up to 5.11% Li2O at Its Last Resort Pegmatite and up to 3.48% Li2O at Its Bounty Gold Pegmatite from Spodumene Pegmatites Grab Samples at Victory Project

  • Grab samples from the spodumene-bearing pegmatite in the western side of the exploration trend (the Last Resort Pegmatite) assayed up to 5.11% Li2O and all eleven announced sample results are above 1% Li2O.
  • Grab samples from the spodumene-bearing pegmatite in the eastern side of the exploration trend (the Bounty Gold Pegmatite), assayed up to 3.48% Li2O.
  • The two spodumene-bearing pegmatites are about 30-40 meters in width and have been traced over 150 to 300 meters along strike on surface.
  • The two spodumene-bearing pegmatites are five kilometers apart and both pegmatites lie within a six kilometers long exploration corridor that is structurally controlled by the subparallel English-River Subprovince and Wabigoon Subprovince boundary.
  • Assays for an additional 32 grab samples and 28 channel samples from the Victory Project are pending.
  • Drilling and trenching exploration permit application for the Victory Project expected to be submitted to the Ministry of Mines of Ontario before the end of December.
  • Appointment of Director of Communications.

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce the results of fourteen grab samples from its two newly discovered spodumene-bearing pegmatites at the Victory Project (see news release dated October 10, 2023). The spodumene-bearing pegmatite located in the western side of the Project, the Last Resort Pegmatite, assayed up to 5.11% Li2O, and all 11 announced sample results are above 1% Li2O.

The other spodumene-bearing pegmatite located in the eastern side of the Project, the Bounty Gold Pegmatite, assayed up to 3.48% Li2O. These two spodumene-bearing pegmatites are five kilometers apart and lie within a six kilometres long exploration corridor that is controlled by the regional English-River Subprovince and Wabigoon Subprovince boundary and local metasediment-metavolcanics contacts (Figure 1).

Allan Frame, President and CEO of Beyond Lithium, commented, "We are building a district-scale hub and spoke exploration portfolio around the two spodumene projects, the Victory and the Ear Falls, which also includes eight other prospective projects located in the Mavis Lake area. With the excellent infrastructure connecting these projects, we expect our all-in exploration cost for advancing the two spodumene projects, Victory and Ear Falls, and exploring the other eight projects will be very cost-effective as we can centralize and share resources between the different field crews in the same district. From a longer-term strategic perspective, we see great synergies from advancing both the Victory and the Ear Falls Projects concurrently due to their proximity of each other. We have already begun the process of preparing the drilling and trenching permit application for Victory as we target to submit the application to the Ministry of Mines of Ontario before the end of December."

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Figure 1 Victory Project Geology Map and the 6KILOMETER Exploration Corridor (Pryslak 1976)

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Bounty Gold Pegmatite

The Bounty Gold Pegmatite averages 40 to 50 meters in width and up to 60 meters at the wider part of the pegmatite and has been traced over for 350 meters on surface striking east-west orientation. The Bounty Gold Pegmatite is composed of coarse-grained tourmaline, garnet, muscovite, beryl, cleavelandite, and spodumene. Local zoned quartz core with spodumene assayed up to 3.48% Li2O is also observed at the Bounty Gold Pegmatite similar to the Last Resort Pegmatite (Figure 2).

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Figure 2 Bounty Gold Pegmatite Mapped Spodumene, Cleavelandite, and Quartz Cores in relation to Samples

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Last Resort Pegmatite

The Last Resort Pegmatite is located in the western side of the Victory Project and is about 30-35 meters in width and over 150m exposed on surface. The Last Resort Pegmatite is characterized by scatter of subtle and finer grained white to yellowish spodumene up to 5 to 15% mineralization to local quartz cores with coarser spodumene crystals up to 25 to 50% mineralization assayed up to 5.11% Li2O. The Last Resort Pegmatite generally strikes east-northeast and dips nearly subvertical based on the contract measurement with the metavolcanic host rock. From the initial mapping program of the Last Resort Pegmatite, spodumene mineralization vectors stronger towards the eastern end and is zoned with quartz cores that coincide with a >3.00% Li2O zonation (Figure 3).

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Figure 3 Last Resort Pegmatite Mapped Spodumene and Quartz Cores in relation to >3.00% Li2O Zonation

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Lawrence Tsang, VP Exploration of Beyond Lithium, remarked, "We are very excited of getting 12 out of the 14 samples grading over 1.00% Li2O from the two spodumene-bearing pegmatites at the Victory Project (Table 1). This first batch of assays demonstrated the consistent >1.00% Li2O grade from both spodumene-bearing pegmatites which establishes a background value of what we may intercept from further exploration in higher spodumene mineralized zones at Victory. The Last Resort and the Bounty Gold Pegmatites are five kilometers apart, yet both pegmatites averaged 17 K/Rb ratio The mineral cleavelandite was identified at the Bounty Gold Pegmatite showing the entire six kilometers long exploration corridor is highly fractionated for lithium exploration. Also, the initial mapping was able to outline the size of the Last Resort and the Bounty Gold Pegmatites averaging 30-40m in width demonstrated the size potential of the system at Victory. Thus far, results of 11 grab samples from the Last Resort Pegmatite averaged 3.06% Li2O, 17 K/Rb, and 79.6ppm Cs; assays of three grab samples from the Bounty Gold Pegmatite averaged 1.49% Li2O, 17 K/Rb, and 191.7ppm Cs. Lastly, we will continue to explore along the 6 kilometers long exploration corridor for additional spodumene mineralization and begin prospecting in the Victory West area."

PegmatiteUTM ZoneEastingNorthingSample IDLi2O %K/RbCs ppm
Bounty Gold15448290.065522684.03E001056323.482372.86
Bounty Gold15448195.055522642E001056330.328468
Bounty Gold15448187.045522647.04E001056340.682034.36

PegmatiteUTM ZoneEastingNorthingSample IDLi2O %K/RbCs ppm
Last Resort15443206.075521864.03E001056354.4226.04
Last Resort15443200.015521859.03E001056364.121323.83
Last Resort154431905521854.99E001056375.111325.7
Last Resort15443185.045521863E001056383.041664.39
Last Resort15443190.015521843.99E001056392.471555.54
Last Resort15443195.025521858.02E001056414.361586.62
Last Resort15443197.025521870.99E001056421.2817289
Last Resort154432025521871E001056431.921787.94
Last Resort154432165521872.03E001056441.8219113
Last Resort154432235521862.02E001056453.91819.92
Last Resort154432085521873.01E001056461.2621104

Table 1 First Batch of Grab Samples Results from Victory Project

Drilling and Further Assay Results
Beyond Lithium has begun the process of preparing the drilling and trenching exploration permit application for the Victory Project and plans to submit the application to the Ministry of Mines of Ontario before the end of December. An additional 32 grab samples and 28 channel samples from the Victory Project are still pending from the lab which will further delineate an overall understanding of the grade distribution for the pegmatites at Victory.

Alain Lambert, Co-Founder and Capital Markets Advisor of Beyond Lithium added, "To ensure a steady news flow in the coming weeks and well into 2024, besides the 32 grab samples and the 28 channel samples from Victory (Figure 4), we are also anticipating the results of 98 channel samples and over 240 drilling samples from Ear Falls as well as an additional of over 110 grab samples from other projects including Wisa Lake and Case Lake."

He added: "We are particularly looking forward to the results from our Wisa Lake Project as our neighbor company, Libra Lithium, just announced the discovery of spodumene mineralization up to 2.86% Li2O at their Flanders South Project7 (see Libra Lithium news release dated November 28, 2023). Based on a preliminary review of Libra's Homer's spodumene-bearing pegmatite, its north-south orientation would project into our Wisa Lake Project where we located a multiple of beryl-bearing pegmatites from our Phase 1 program."

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Figure 4 Field Crew Channel Sampling the Last Resort Pegmatite while Senior Prospector, Jace Angell, Making Field Note

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District Scale & Infrastructure
The Victory Project is comprised of the Victory Main (5,685 ha), the Victory West (8,808 ha), the Victory South (1,834 ha), and the Victory East (354 ha) totaling 16,681 ha in area. The Victory Project is located just 40 kilometer east of Kenora and 70 kilometer west of Dryden with excellent nearby infrastructure including (Figure 5):

  • Canadian Pacific Railway (CP Rail) and network along the southern claim boundaries of the Victory Project
  • Access via Trans-Canada Highway and Highway 17 that connect to Kenora and Thunder Bay
  • 20-minute commute time from the nearest town of Vermilion Bay
  • Power line along Highway 17

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Figure 5 Victory Project Claims Map and Infrastructures

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In addition, the Victory Project is located within 100 kilometers of:

  • the Ear Falls Project (20,623 ha), where the Company recently completed a channel sampling program and a drilling program at the newly discovered spodumene-bearing pegmatite zone (see press release dated September 17, 2023),
  • eight other prospective projects that Beyond Lithium plans to further advance (Satellite, Laval, Gullwing-tot, Webb East, Webb West, Temple Bay, Ogani Lake, and McKenzie Bay),
  • and also, three regionally significant lithium deposits (Figure 6):
    • the Mavis Lake Lithium deposit owned by Critical Resources Ltd. (ASX: CRR) with 8 Mt at 1.07% Li2O1
    • the Separation Rapids Lithium deposit owned by Avalon Advanced Materials (TSX: AVL) with a PEA of the pre-tax NPV (8% discount rate) calculated at C$156 million and the IRR at 27.1%2
    • the Root and McComb Lithium deposit owned by Green Technologies Metals (ASX: GT1) with 12.6 Mt at 1.21% Li2O

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Figure 6 Regional map showing location of Beyond Lithium projects relative to other significant nearby deposits

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Regional Geology
The Victory Project is situated along the subprovince boundary of the Winnipeg River and Wabigoon subprovinces in the Medicine Lake area. This area was originally discovered in 1949 by E. Sobiski as a beryl-beryllium prospect followed by the delineation of the Medicine Lake Pluton by Pryslak in 1976 (Breaks 2003). The Medicine Lake Pluton is about 0.5 by 1.5 kilometer in size as a fertile pluton based on the highly fractionated potassium feldspar samples analysed by Breaks and Tindle in 1997 (Breaks 2003). Beyond Lithium discovered two new spodumene-bearing pegmatites at the Victory Project in early October 2023. These two spodumene-bearing pegmatites are five kilometer apart and lie within a six kilometer long exploration corridor that is controlled by the regional English-River Subprovince and Wabigoon Subprovince boundary and local metasediment-metavolcanics contacts (Figure 1).

Appointment of Director of Communications
Beyond Lithium is also pleased to announce the appointment of Etienne Moshevich as Director of Communications. Mr. Moshevich is a principal of Transcend Capital Inc., a Vancouver-based full-service investor relations company, known for its successful market awareness campaigns that help micro, small and mid-cap public companies gain valued industry exposure through its extensive network of retail and institutional clients.

Allan Frame, President and CEO of Beyond Lithium commented: "I have had the pleasure of working with Etienne in the past and I am delighted he has agreed to join the Beyond Lithium team. With two significant spodumene discoveries under our belt, we will soon be focusing on drilling at our Victory and Ear Falls project. I feel it is the right time to tell our story to a broader audience and having Etienne on board will help us achieve that."

"I am honoured to be joining the Beyond Lithium team and am excited about the opportunities ahead," says Etienne Moshevich. "Given its team of experienced and successful managers, geologists and capital markets professionals with proven track records of success, I am confident that Beyond Lithium will be able to deliver significant value for its investors over time. I believe the market isn't giving Beyond Lithium the proper value it deserves, and I will be working hard alongside its management team to hopefully unlock that value and drive significant growth for everyone at stake over the coming quarters."

More information about Transcend Capital can be found on their website at: https://www.transcendcapitalinc.com/

Sources

1 Critical Resources Limited, Mavis Lake. https://www.criticalresources.com.au/our-projects/mavis-lake-lithium-project/
2 Avalon Advanced Materials, Separation Rapids. https://www.avalonadvancedmaterials.com/projects/separation_rapids/
3 Green Technology Metals, Root/McComb. https://www.greentm.com.au/root-project
4 Breaks, F.W., Selway, J.B. and Tindle, A.G. 2003. Fertile peraluminous granites and related rare-element mineralization in pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Open File Report 6099, 179p.
5 Pryslak, A. P. 1976: Geology of the Bruin Lake-Edison Lake Area, District of Kenora; Ontario Div. Mines, GR130, 61p. Accompanied by Maps 2302 and 2303, scale l inch to y2 mile (1:31,680), and chart.
6 Breaks, F.W., Selway, J.B. and Tindle, A.G. 2004. A Review of Rare-Element (Li-Cs-Ta) Pegmatite Exploration Techniques for the Superior Province, Canada, and Large Worldwide Tantalum Deposits; Ontario Geological Survey, Exploration and Mining Geology, Vol. 14, Nos. 1-4, pp. 1-30.
7 Libra Lithium Corp., Flanders South
https://libralithium.com/press-release-4/

Quality Assurance/Quality Control

All collected rock samples were put in sturdy plastic bags, tagged, and sealed at site. Sample bags were then put in rice bags and kept securely before being sent by road transport or delivered by the crew supervisor to SGS's preparation facility in Red Lake or Sudbury, Ontario, for sample preparation. Pulps are analyzed at the SGS facility in Burnaby, BC. All samples are analyzed with Four-Acid Digestion/Combined ICP-AES/MS package (49 elements). Samples with lithium overlimit (>10,000 ppm Li) are analyzed with another Four-Acid Digestion with higher detection limit of up to 10% Li. Batches of samples with overlimit >10,000 ppm or 1% Li are analyzed with Sodium Peroxide Fusion for validation. The QA/QC protocol included the insertion and monitoring of appropriate reference materials, in this case high concentration and low concentration certified OREAS and CDN lithium standards to validate the accuracy and precision of the assay results.

Qualified Person and Third-Party Data

The scientific and technical information in this news release has been reviewed and approved by Lawrence Tsang, P.Geo., VP Exploration of the Company. Lawrence Tsang is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.

About Beyond Lithium Inc.

Beyond Lithium Inc. is the largest greenfield lithium exploration player in Ontario with 63 high potential greenfield lithium properties totalling over 195,000 hectares. The Company has adopted the project generator business model to maximize funds available for exploration projects, while minimizing shareholder dilution. Beyond Lithium is advancing certain of its projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-funded exploration, and long-term residual exposure to exploration success.

Beyond Lithium currently has 33,874,482 common shares outstanding.

Please follow @BeyondLithium on Twitter, Facebook, LinkedIn, Instagram and YouTube.

For more information, please refer to the Company's website at www.beyondLithium.ca

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain "forward-looking information" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein including, without limitation, statements regarding future capital expenditures, anticipated content, commencement, and cost of exploration programs in respect of the Company's projects and mineral properties, anticipated exploration program results from exploration activities, resources and/or reserves on the Company's projects and mineral properties, and the anticipated business plans and timing of future activities of the Company, are forward-looking information. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Often, but not always, forward-looking information can be identified by words such as "pro forma", "plans", "expects", "will", "may", "should", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", "believes", "potential" or variations of such words including negative variations thereof, and phrases that refer to certain actions, events or results that may, could, would, might or will occur or be taken or achieved. In stating the forward-looking information in this news release, the Company has applied several material assumptions, including without limitation, that market fundamentals will result in sustained precious and base metals demand and prices, the receipt of any necessary permits, licenses and regulatory approvals in connection with the future exploration of the Company's properties, the availability of financing on suitable terms, and the Company's ability to comply with environmental, health and safety laws.

Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the statements of forward-looking information. Such risks and other factors include, among others, statements as to the anticipated business plans and timing of future activities of the Company, the proposed expenditures for exploration work on its properties, the ability of the Company to obtain sufficient financing to fund its business activities and plans, delays in obtaining governmental and regulatory approvals (including of the Canadian Securities Exchange), permits or financing, changes in laws, regulations and policies affecting mining operations, risks relating to epidemics or pandemics such as COVID-19, the Company's limited operating history, currency fluctuations, title disputes or claims, environmental issues and liabilities, as well as those factors discussed under the heading "Risk Factors" in the Company's prospectus dated February 23, 2022 and other filings of the Company with the Canadian securities regulatory authorities, copies of which can be found under the Company's profile on the SEDAR website at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking information. The Company undertakes no obligation to update any of the forward-looking information in this news release except as otherwise required by law.

For further information, please contact:

Allan Frame
President and CEO
Tel: 403-470-8450
Email: allan.frame@beyondLithium.ca

Jason Frame
Manager of Communications
Tel: 587-225-2599
Email: jason.frame@beyondLithium.ca

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/189184

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Beyond Lithium Announces Shares for Debt Transactions

Beyond Lithium Announces Shares for Debt Transactions

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") announces that it has agreed to settle debts relating to certain consulting fees owed to two arm's length parties by issuing an aggregate of 171,554 common shares of the Company at a deemed price of $0.185 per share, representing an aggregate value of $31,737.50 (the "Debt Settlement").

All common shares to be issued pursuant to the Debt Settlement will be subject to the statutory hold period of four months and one day from their date of issuance and 58,750 of the shares shall be subject to additional contractual hold period expiring on July 10, 2024.

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Beyond Lithium Intersects 2.30% Li2O over 3.84m in Wider Pegmatites Zone of 0.46% Li2O over 36.25m at the Ear Falls's Wenasaga North Zone

Beyond Lithium Intersects 2.30% Li2O over 3.84m in Wider Pegmatites Zone of 0.46% Li2O over 36.25m at the Ear Falls's Wenasaga North Zone

Highlights

  • Drilling intercepts encountered high grade spodumene-bearing pegmatites in wider pegmatites zone:
    • 2.30% Li2O and 178ppm Cs over 3.84m in wider pegmatites zone of 0.46% Li2O and 250ppm Cs over 36.25m (EF23-04).
    • 0.58% Li2O and 387ppm Cs over 3.2m and 0.51% Li2O and 960ppm Cs over 2.63m in wider pegmatites zone of 0.30% Li2O and 348ppm Cs over 24.9m (EF23-02).
    • 0.97% Li2O and 236ppm Cs over 1.58m in wider pegmatites zone of 0.29% Li2O over 15.36m (EF23-03).
  • Holes #1-4 are mineralized with lithium from top to bottom (hole lengths vary between 30 to 60m).
  • Six out of the seven holes (EF23-01 to 05 & 07) ended in mineralization signifying the system remains open at depth and along strike of the 13km long exploration corridor.
  • Six out of the seven holes have pervasive and strong lithium and cesium mineralization in the alteration halo around the pegmatites indicating the potential of a larger system with wider pegmatites at depth and along strike.
  • Drilling results show a doubling of the width of the Wenasaga North Zone from 35 to 70m.
  • Drilling results confirm new pegmatites zone at depth that was not exposed previously on surface.
  • The Sandy Creek West Zone has the same geochemical signatures with highly anomalous lithium and cesium as the drilling results from the Wenasaga North Zone implying the Sandy Creek West Zone is proximal to spodumene mineralization.

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce the drill results of its 2023 drilling program at the Ear Falls Project (20,623 ha) with core logging facility located in the town of Ear Falls, Ontario, that is just 10 minutes away from the site. The 2023 drilling program completed seven AQ-sized drill holes totaling 329.59m. The seven drill holes drilled tested 200m strike length of the initial spodumene-bearing pegmatites discovery at Ear Falls, the Wenasaga North Zone, with grab samples up to 4.54% Li2O (see press release dated September 17, 2023).

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Beyond Lithium Enters Property Sale Agreement with Patriot Lithium for Borland Claims

Beyond Lithium Enters Property Sale Agreement with Patriot Lithium for Borland Claims

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that it has entered into a mineral property purchase agreement (the "Purchase Agreement") with Patriot Lithium Limited ("Patriot"), an Australian based mineral exploration company listed on the Australian Stock Exchange (ASX:PAT), pursuant to which the Company will transfer to Patriot an undivided 100% interest in the 61 mining claims comprising the Company's Borland East and Borland North projects located approximately 60 km northwest of Frontier Lithium's PAK project in Northwest Ontario (the "Borland Claims").

As consideration for the Borland Claims, Patriot will issue to Beyond Lithium on closing, 1,100,000 fully paid ordinary shares in the capital of Patriot, subject to certain contractual escrow requirements (the "Purchase Price Shares"). Additionally, Patriot shall pay Beyond Lithium a cash payment of C$2,500,000 for an initial mineral resource estimate filed or announced by Patriot declaring any JORC, NI 43-101, or SK-1300 compliant, as applicable, deposits or orebodies contained exclusively in any part of the Borland Claims exceeding 20 million metric tonnes of contained Li2O with an average grade equal to 1.0% Li2O or greater.

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Beyond Lithium's Exploration Results at Ear Falls Confirm Spodumene Project Potential

Beyond Lithium's Exploration Results at Ear Falls Confirm Spodumene Project Potential

Highlights

Channel Sampling Program Summary

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Beyond Lithium Establishes Zonation at Cosgrave Lake Project Indicating Proximity to Potential Spodumene Zone

Beyond Lithium Establishes Zonation at Cosgrave Lake Project Indicating Proximity to Potential Spodumene Zone

HIGHLIGHTS

  • Recent exploration at the Cosgrave Lake Project established a mineral and fractionation zonation around the Beyond Lithium's recently discovered Allen Graeme ("AG") Pluton comparable to the MNW spodumene-bearing pegmatite's mineral zonation located 2.8km north of the Cosgrave Lake Project.
  • A grab sample from a pegmatite just outside the green muscovite zone composed of quartz, feldspar, and alluaudite returned with 0.39% Li2O (1,832ppm Li) and 2.77% Manganese (Mn) suggesting the pegmatite is highly fractionated.
  • The 0.39% Li2O grab sample in pegmatite indicates the proximity to the potential discovery of a higher-grade lithium spodumene zone.
  • Over 4,000 field data points of lithology and mineralogy have been compiled from the Phase 2 mapping program at Cosgrave Lake.
  • Several groups of pegmatite outcrops were outlined by the mapping program with some of these pegmatite outcrop groups measuring up to 10 to 30 meters in width and over one kilometer in strike length.

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that recent exploration work at the Company's Cosgrave Lake Project indicate the proximity to the potential discovery of a higher-grade lithium spodumene zone.

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QX Resources Ltd  Stardust Power Inc Signs LOI for Liberty Lithium Brine - USA

QX Resources Ltd Stardust Power Inc Signs LOI for Liberty Lithium Brine - USA

Perth, Australia (ABN Newswire) - QX Resources Limited (ASX:QXR) has entered into a Letter of Intent ("LOI") with Stardust Power Inc. ("Stardust Power"), a development stage American manufacturer of battery-grade lithium products, to negotiate a formal agreement to assess the lithium brines from QXR's large scale Liberty Lithium Brine Project located in California, USA ("Project"), dependent on results, and evaluate options to potentially supply Stardust Power with lithium brine products on a non-exclusive basis for processing into battery-grade lithium materials for electric vehicles*.


- QXR has entered into a Letter of Intent with Stardust Power Inc., a development stage American manufacturer of battery-grade lithium products, to assess the lithium brines from QXR's large scale Liberty Lithium Brine Project located in the USA.

- The parties intend to evaluate options to potentially supply Stardust Power with lithium brine products on a non-exclusive basis for processing into battery-grade lithium materials for electric vehicles.

- QXR is awaiting results and interpretations in the coming weeks from two drillholes, located 4km apart, which intersected numerous brine bearing aquifers at the Liberty Lithium Brine Project.

*Cautionary Statement: QXR is awaiting results from drilling that has intersected brines but does not imply that the brines are lithium bearing. Chemical analysis from an independent laboratory will determine lithium concentrations in a brine.

Stardust Power is developing a strategically and centrally located lithium refinery in Muskogee, Oklahoma with plans for producing up to 50,000 metric tons per annum of battery-grade lithium and is securing sources of lithium brine feedstock to turn into battery grade lithium products ready for use across the lithium supply chain, with a focus on electric vehicles (EV). With over 25 battery giga-factories currently under development across the United States, there is an acute need for a national battery-grade lithium refinery to supply lithium to battery manufacturers. In November 2023, Stardust Power announced that it intends to go public on the NYSE through a merger with a publicly traded special purpose acquisition company in a deal valued at US$490 million.

The LOI between Stardust Power and QXR outlines the intention to work together collaboratively in good faith to assess the potential of lithium brines from the Project, and evaluate options to determine if there is an economically feasible process to produce lithium products from the Project to potentially supply Stardust Power with a limited volume of lithium brine products.

QXR has the ability to earn a 75% interest of the 102km2 Liberty Lithium Brine Project, located in SaltFire Flat, in California, USA (refer ASX announcement dated 5 October 2023). The Project is one of the largest single lithium brine projects in the USA (for scale, equivalent to 2x area of Sydney Harbour). The Project's geological setting mirrors Albemarle's nearby Silver Peak lithium brine producer in Clayton Valley USA and major Argentina brine projects.

QXR is awaiting results and interpretations in the coming weeks from two drillholes, located 4km apart, which intersected numerous brine bearing aquifers (refer ASX announcement dated 8 February 2024).

QXR Managing Director, Stephen Promnitz, said: "QXR has been in discussions with Direct Lithium Extraction technology providers, lithium product processors and end users to advance the liberty Lithium Project dependant on results. Stardust is an emerging new processor of lithium for batteries and we are keen to advance discussions with them."

*To view tables and figures, please visit:
https://abnnewswire.net/lnk/K47IZKL7



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 portfolio: QXR's lithium strategy is centred around WA's prolific Pilbara province, where it has acquired a controlling interest in four projects through targeted M&A - all of which sit 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) now spans more than 350 km2.

Gold portfolio: QXR is also developing two Central Queensland gold projects - Lucky Break and Belyando - through an earn-in agreement with Zamia Resources Pty Ltd. Both gold projects are strategically located within the Drummond Basin, a region that has a >6.5moz gold endowment.

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Visit International Lithium Corp. at PDAC 2024, Booth #2350

Visit International Lithium Corp. at PDAC 2024, Booth #2350

Come visit International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") at Booth #2350 at the Prospectors & Developers Association of Canada's (PDAC) Convention at the Metro Toronto Convention Centre (MTCC) from Sunday, March 3 to Wednesday, March 6, 2024.

John Wisbey, Chairman and CEO, will be on hand with Anthony Kovacs, Director and COO, to discuss the recently announced positive PEA* for the Raleigh Lake Lithium project (located along Highway 17 just outside of Ignace, Ontario) and the recently acquired highly prospective Firesteel Copper project** (just down the road near Upsala) - all in Northwestern Ontario.

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NORTH ARROW ANNOUNCES APPOINTMENT OF EIRA THOMAS AS CHAIR OF THE BOARD OF DIRECTORS

NORTH ARROW ANNOUNCES APPOINTMENT OF EIRA THOMAS AS CHAIR OF THE BOARD OF DIRECTORS

North Arrow Minerals Inc. (TSXV: NAR) (" North Arrow") is pleased to announce that Eira Thomas has been appointed as Chair of the Board of Directors, effective February 28, 2024 . Ms. Thomas succeeds D. Grenville (Gren) Thomas who will remain as a director after 17 years as the Company's Chair.

Eira and Gren Thomas prospecting for a new source of hard rock lithium at the LDG Project, NWT, October 2023. The windfarm at the Diavik Diamond Mine (a mine they discovered in the 1990s) can be seen from this location. Eira Thomas (left) has been appointed Chair of the Board for North Arrow Minerals, taking over for her father Gren Thomas (right) who will stay on as a director. (CNW Group/North Arrow Minerals Inc.)

Ken Armstrong , President and Chief Executive Officer of North Arrow, stated, "We are very pleased to welcome Eira Thomas to North Arrow as Chair of the Board of Directors. Eira has a long and successful track record in the resource sector, in particular with identifying and building out opportunities in the junior mining space." Mr. Armstrong continued: "I'd like to extend my thanks and appreciation to Gren for his past guidance as Chair and look forward to his continued involvement as a director of the company."

Ms. Thomas, Chair of North Arrow's Board, stated: "As a long-time advisor and supporter of North Arrow, I am delighted to join the Company as Chair and help guide management through their ongoing strategy of evaluating lithium occurrences identified on three properties in 2023, extracting value from the Company's portfolio of legacy diamond properties, and identifying new, compelling exploration and development opportunities in Canada ."

Ms. Thomas brings more than 30 years of experience in the mining industry, particularly in the diamond, gold and energy spaces. She has held executive and board positions with a number of companies over that period, including Aber Diamond Corp., Stornoway Diamond Corp., Kaminak Gold Corp., and Lucara Diamond Corp., as well as 17 years as a director of Suncor Energy.

Pursuant to North Arrow's stock option plan, North Arrow has granted 500,000 incentive stock options to a director. Each incentive stock option is exercisable into one common share of the Company, has an exercise price of 8 cents per share, and can be exercised until February 28, 2029 .

North Arrow is a Canadian based exploration company focused on the identification and evaluation of lithium and other exploration opportunities in Canada . North Arrow's management, board of directors and advisors have significant successful experience in the global exploration and mining industry. North Arrow is evaluating spodumene pegmatites at its 100% owned LDG, MacKay, and DeStaffany Lithium Projects (NWT), is exploring for lithium in Nunavut at the Bathurst Inlet pegmatite field and continues work to identify additional lithium exploration opportunities in northern Canada . North Arrow also owns interests in the Naujaat (NU), Pikoo (SK), and Loki (NWT) Diamond Projects and maintains a 100% interest in the Hope Bay Oro Gold Project, located approximately 3 km north of Agnico Eagle's Doris Gold Mine , Nunavut . North Arrow's exploration programs are conducted under the direction of Kenneth Armstrong , P.Geo. (NWT/NU, ON), President and CEO of North Arrow and a Qualified Person under NI 43-101.

North Arrow Minerals Inc.

/s/ "Kenneth A. Armstrong"
Kenneth Armstrong
President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility
for the adequacy or accuracy of this release.

This news release contains "forward-looking statements" including but not limited to statements with respect to North Arrow's plans, the estimation of a mineral resource and the success of exploration activities. Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to general economic and market conditions; closing of financing; the timing and content of upcoming work programs; actual results of proposed exploration activities; possible variations in mineral resources or grade; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; changes in national and local government regulation of mining operations, tax rules and regulations. Although North Arrow has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. North Arrow undertakes no obligation or responsibility to update forward-looking statements, except as required by law.

North Arrow Minerals Inc. Logo (CNW Group/North Arrow Minerals Inc.)

SOURCE North Arrow Minerals Inc.

Cision View original content to download multimedia: http://www.newswire.ca/en/releases/archive/February2024/28/c3951.html

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ALX Resources Corp. Announces Option Earn-In Transaction and 2024 Winter Drilling Program for the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. Announces Option Earn-In Transaction and 2024 Winter Drilling Program for the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

alx resources corp. (TSXV: AL) (FSE: 6LLN) (OTC: ALXEF) ("ALX" or the "Company") is pleased to announce an option earn-in transaction (the "Transaction") for its 100%-owned Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the community of Stony Rapids, Saskatchewan. ALX has executed a binding letter agreement (the "Letter Agreement") with Trinex Lithium Ltd., a wholly-owned subsidiary of Trinex Minerals Limited ("Trinex"), which is a publicly-traded mineral exploration company listed on the Australian Securities Exchange. Under the terms of the Letter Agreement, Trinex can earn an initial 51% interest and up to a 75% participating interest in the Project in two stages over a period of five years by making cash payments and common shares payments to ALX, and by incurring exploration expenditures as shown in the table below.

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Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin

Lancaster Resources Acquires High-Impact Uranium Claims in Athabasca Basin

Lancaster Resources Inc. (CSE:LCR) (OTCQB:LANRF) (FRA:6UF) (" Lancaster "), Lancaster Resources, a North American critical minerals exploration company, is excited to announce the acquisition of two high impact mineral claims in the world-class Athabasca Basin. The two claims are targeting high grade uranium in basement and unconformity type deposits. The two properties, called Catley Lake and Centennial East, at 3,036 hectares and 5,081 hectares respectively, provide significant exploration opportunities. These strategic acquisitions bolster Lancaster's commitment to discovering critical minerals in support of the energy transition.

The Catley Lake & Centennial East mineral claims are located immediately adjacent to Cameco's Centennial deposit claim block in the south-central area of the Athabasca basin. The Centennial deposit, which is approximately 11km west of Lancaster's Centennial East claim, was the first significant high-concentration uranium deposit located along the Snowbird tectonic boundary. The Centennial deposit has shown assays up to 8.78% U 3 0 8 over 33.9m below the Athabasca sandstone and Virgin River unconformity from a Cameco drill. Concentrations of U 3 0 8 up to 25.6% were seen over 0.5m in a drillhole assay (SMDI-2758).

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Nord Precious Metals to Participate and Present at PDAC 2024

Nord Precious Metals to Participate and Present at PDAC 2024

(TheNewswire)

Nord Precious Metals

Coquitlam, BC TheNewswire - February 26, 2024 Nord Precious Metals Mining Inc. (TSXV:NTH) (OTC:CCWOF) (Frankfurt: 4T9B) (the "Company" or "Nord Precious Metals") is pleased to announce it will participate and present at the PDAC 2024 Conference in Toronto from March 3 to March 6, 2024 and welcomes the opportunity to meet with investors to discuss recent developments and plans for the Company.

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