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.

"We could not be happier with the results of the exploration program at Cosgrave Lake following the discovery of the Allen Graeme ("AG") Pluton earlier this summer (see news release dated August 1, 2023)," said Allan Frame, President & CEO of Beyond Lithium. "The compilation of over 4,000 data points of lithology and mineralogy, 133 grab samples, including a sample with elevated Li2O values, indicate the proximity to a potential high-grade lithium spodumene zone on the property. We are optimistic that we could add a third spodumene discovery to our portfolio, with all three projects being within a 100-kilometer radius."

Lawrence Tsang, VP Exploration of Beyond Lithium, commented, "It is very exciting news for Beyond Lithium to have a grab sample from a pegmatite away from the AG pluton and just outside of the green muscovite zone assaying 0.39% Li2O. From desktop study to boots on the ground, Beyond Lithium's technical team systematically explored the Cosgrave Lake Project by first establishing background geochemistry and identifying the source and structure of the Project. We designed the exploration program relying on field data and observations and correlated the fractionation trend and the mineral zonation to the generic scientific model for LCT deposits. It took our team only a few months of field work to discover the source for lithium mineralization, the AG Pluton, establish the mineral zonation, delineate the fractionation trend and locate the 0.39% Li2O pegmatite sample. These results reaffirm the effectiveness of Beyond Lithium's exploration model which is entirely based on a scientific and systematic approach. Beyond Lithium will continue to focus on exploring the potential proximal spodumene-bearing zone at the Cosgrave Lake Project and, in unison, will follow up on the newly established northeast zone that sits 6.5km northeast of the AG pluton and similarly towards the southwest part of the AG pluton in the next field program."

Regional Geological Context

The Cosgrave Lake Project is located in the Georgia Lake District. This district is an active and prolific lithium exploration area with more than 28 lithium occurrences recorded by Ontario Geological Survey that are hosted in five major pegmatite groups including the MNW, the Georgia Lake, the Barbara Lake, the Postogoni Lake, and the Forgan Lake (Breaks 2008). Beyond Lithium has three projects in the Georgia Lake District: Cosgrave Lake (8,993 ha), Gathering Lake (6,948 ha), and Arrel Lake (3,585 ha). These Projects are located next to:

Imagine Lithium's1 Jackpot Lithium Project which has a historical resource in the Main zone with 2 Mt at 1.09% Li2O.

Rock Tech Lithium's2 Georgia Lake Project which has published a pre-feasibility study in Nov 2022 with a Mineral Resource estimate of a total indicated mineral resources of 10.6mt grading 0.88% Li2O and a total inferred mineral resource of 4.2mt grading 1.00% Li2O.

Balkan Mining's3 flagship Gorge Lithium Project where they recently commenced drilling.

Infrastructure

The Cosgrave Lake Project can be accessed via the Trans-Canada Highway and a network of well-maintained logging roads. The Project is less than 20km north of the town of Nipigon, and about 100km to the northeast of Thunder Bay. The Project also has excellent nearby infrastructure including ports, powerline, local labor force and equipment, and communications (Figure 1).

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Figure 1 Map of Beyond Lithium Projects, Cosgrave Lake, Gathering Lake (E, W, S), and Arrel Lake in the Georgia Lake District

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Geology and Generic LCT Deposit Scientific Model

The Georgia Lake District illustrated in Figure 1 is the host of several well-known fertile plutons namely the MNW pluton, the Barbara Lake pluton, and the Pine Portage pluton. These well-established fertile plutons in the Georgia Lake District are associated with several prolific lithium pegmatite belts including the Imagine Lithium's1 Jackpot Project and Rock Tech Lithium's2 Georgia Lake Project.

Beyond Lithium started its prospecting program at the Cosgrave Lake Project in late May 2023 and discovered a new LCT pegmatite intrusive stock, the Allen Graeme ("AG") pluton (see news release dated August 1, 2023). The AG Pluton shares similarities with other significant lithium discoveries in the Georgia Lake District, namely the MNW pluton, the Barbara Lake pluton, and the Pine Portage pluton. Worthy of note is that the chemistry of the Cosgrave Lake granite source (the Glacier Lake Batholith) and the AG pluton is quite similar to the concentration in the Tanco source and Tanco pluton located at Bernie Lake, Manitoba (Table 1 and Figure 2).

In other words, the size and geochemical characteristics of the AG Pluton indicate its potential as a source of concentrated fluids, volatiles, lithium, and rare earth minerals, making it an exceptionally promising area for exploration.

Cosgrave Lake and Tanco Plutons ComparisonBe ppmCs ppmLi ppm

Cosgrave Pluton - AG Pluton Channel (min)3.633.9233.8
Cosgrave Pluton - AG Pluton Channel (max)48958.91126

Tanco Granite Pluton (average)4457

Cosgrave Lake and Tanco Granite Source ComparisonBe ppmCs ppmLi ppm

Cosgrave Source - Glacier Lake Intrusive Granite (average)1320
Cosgrave Source - Glacier Lake Potassic Pegmatite (average)1.135.618

Tanco Anatectic Source (average)3320

Table 1 Comparison of the Chemistry Between the Cosgrave Lake Granite Source and the AG Pluton with Tanco Source and the Tanco Pluton6

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Figure 2 Chemical Fraction from Source to Pegmatite of the Tanco Deposit7

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Beyond Lithium advanced the exploration at the Cosgrave Lake Project to a Phase 2 program after the discovery of the AG pluton. The Phase 2 program focused on the detailed and systematic mapping and sampling of the property starting from the core of the AG pluton and moving outwards in order to identify the mineral fractionation trend for lithium mineralization. To date, Beyond Lithium has collected a total of 133 grab samples and recorded more than 4,000 field data points of lithology and mineralogy at the Cosgrave Lake Project (Figure 3).

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Figure 3 Cosgrave Lake Project Phase 2 Lithological Mapping (>4,000 data points) Further Defined the AG Pluton and the Glacier Lake Batholith-Metasediment Contact in Relation to the Sample Locations

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Figure 4 Cosgrave Lake Project Phase 2 Delineated Mineral Zonation around the AG Pluton

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The Phase 2 program successfully delineated a mineral zonation around the AG pluton transitioning from a pegmatitic textural border zone to a beryl zone and to a green muscovite zone (Figure 4). Just outside of the green muscovite zone located the furthest away from the AG pluton to the northeast, a grab sample from a pegmatite composed of quartz, feldspar, and alluaudite minerals returned with 0.39% Li2O (1,832ppm Li) and 2.77% Mn. The mineral zonation at the Cosgrave Lake Project is comparable with the mineral zonation of the MNW lithium occurrence associated with the MNW stock located 2.8km north of Cosgrave Lake Project. The MNW spodumene-bearing pegmatite with up to 5.82% Li2O transitions from beryl-tourmaline at the border zone to muscovite-alluaudite in the intermediate zone then to spodumene-quartz in the core zone (Zayachkivsky 1985). The mineral and lithium grade zonation at the Cosgrave Lake Project resemble the generic lithium-cesium-tantalum ("LCT") pegmatite fractionation scientific model which signifies and proves:

  1. The AG pluton is a fertile stock that is concentrated of lithium-bearing volatiles to form LCT pegmatites.
  2. The fractionation trend evolves outwards around the AG pluton and generally follows the overall northeast-southwest granite-metasedimentary contact orientation (Figure 5).
  3. The 0.39% Li2O grab sample with 2.77% Mn in pegmatite with alluaudite indicates the pegmatite is highly fractionated supported by the high manganese, Mn, and lower iron ratio (Breaks 2004).
  4. The 0.39% Li2O grab sample in pegmatite also implies the proximity to the potential discovery of a higher-grade lithium spodumene zone.

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Figure 5 Cosgrave Lake Project Fractionation Plot of Log(K/Cs) vs (K/Rb) Outlining the Highly/Moderately/Weakly Fractionated Samples with Li ppm Colour Coded

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Measuring the ratio variations between potassium ("K"), cesium ("Cs"), rubidium ("Rb") in samples is a common and useful exploration tool to display the fractionation trend or the relative degree of evolution of S-type, peraluminous granites and related pegmatite granites and the rare-element pegmatite groups that fractionated from the parent granitic rocks. With increasing fractionation of the pegmatite-forming melt, the compositions of the potassium feldspar and mica become more enriched in rubidium and cesium thus the fractionation trend point to the lower left corner in the plot as the higher fractionated area.

Generally, pegmatites with the highest degree of fractionation have a K/Rb ratio of less than 30 (Breaks 2004). Figure 5 plotted up the log of K/Cs ratio against the log of K/Rb ratio outlining the higher fractionated samples in the lower left corner of the plot with an average of 167ppm Li and 36 K/Rb and the lower fractionated samples in the top right corner of the plot with an average of 63ppm Li and 170 K/Rb which suggest the H fractionation zone is proximal to the potential spodumene zone.

Figure 6 plotted up the high ("H"), moderate ("M"), and low ("L") fractionated samples and the three zones, H, M, and L, outlines coincide with the mineral zonation where the border zone correlates with the low fractionation zone, the beryl zone correlates with the low to moderate fractionation zones, and the green muscovite zone correlates with the moderate to high fractionation zones (Figure 6). This strong correlation between the fractionation trend and the mineral zonation at Cosgrave Lake supports the fertility of the AG Pluton that it has high concentration of lithium volatiles to fractionate.

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Figure 6 Map of High, Moderate, Low Fractionation Zonation from the Plot of Log(K/Cs) vs (K/Rb) Coincides with Mineral Zonation

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Summary

The Phase 2 mapping program at the Cosgrave Lake Project included over 1,000 pegmatite outcrop data points recording the size, the color, and the minerals composition of these pegmatite outcrops. These pegmatite outcrops generally range from 1 to 10 meters and locally up to 50 meters in width. A few groups of pegmatite outcrop measured from 10 to 30 meters in width with over one kilometre in strike length orienting northeast-southwest direction subparallel to the stratigraphy. The consistency of the overall northeast-southwest pegmatites trend continues to vector the exploration to follow the northeast-southwest orientation.

Furthermore, a northeast zone emerges about 6.5km northeast from the AG pluton along the 11km long northeast-southwest exploration trend. Multiple pegmatites with garnet and muscovite hosted in metasediment assayed over 100ppm Li in the northeast zone (Figure 8). The cluster of these over 100ppm Li samples located 6.5km northeast from the AG pluton supports that LCT mineralization persists across the exploration trend.

In short, the Phase 1 and 2 exploration programs completed at the Cosgrave Lake Project have built a solid fundamental geological model that is comparable to a generic footprint of LCT deposit and fractionation trend models (Figure 7) (Bradley et al. 2017). Beyond Lithium will continue to focus on exploring the potential proximal spodumene-bearing zone towards the NE direction from the 0.39% Li2O pegmatite grab sample as labeled as "5" in Figure 7.

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Figure 7 Cosgrave Lake Exploration Progress in Comparison to LCT Deposit and Fractionation Trend Models (Bradley et al. 2017): 1) Parental Granite - Glacier Lake Batholith 2) Fertile Pluton - AG Pluton 3) Elevated Be - Beryl Zone 4) Pegmatite Zone - Green Muscovite and 0.39% Li2O Pegmatite Grab Sample 5) Exploration Target for Potential Spodumene Zone

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Figure 8 Map of the Northeast Zone in Relation to the Overall Exploration Trend and the Main AG Pluton Zone

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Allan Frame added: "Beyond Lithium has the largest package of greenfield lithium exploration projects in Ontario with 63 high potential lithium properties totalling over 195,000 hectares. In last than six months of field work, we built a very large and detailed geological and geochemical database covering 50 of the 63 projects. The database to date has more than 12,000 data points of lithology and minerology and over 1,300 grab samples and over 500 LIBS samples. These results will help guide our upcoming drill campaign planning at our Victory and Ear Falls spodumene projects and will also give us good geological indicators of the next steps on exploration at Cosgrave and other projects."

He concluded: "We are awaiting assay results from over 450 rock and channel samples, 50% of which come from our Victory and Ear Falls spodumene projects, and 240 drill core samples from our recently completed drill program at Ear Falls. We expect to be announcing assay results on a regular basis starting next week."

REFERENCES

1Imagine Lithium https://imaginelithium.com/jackpot/
2Rock Tech Lithium https://www.rocktechlithium.com/news/georgia-lake-project:-pre-feasibility-study-published
3Balkan Mining https://www.balkanmin.com/ontario-assets/
4Breaks, 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.
5Breaks, F.W., Selway, J.B. and Tindle, A.G. 2008. The Georgia Lake rare-element pegmatite field and related S-type, peraluminous granites, Quetico Subprovince, north-central Ontario; Ontario Geological Survey, Open File Report 6199, 176p.
6Tindle, A.G., Breaks, F.W. and Selway, J.B. 2008. Electron microprobe and bulk rock and mineral compositions from S-type, peraluminous granitic rocks and rare-element pegmatites, Georgia Lake pegmatite field, Quetico Subprovince, north-central Superior Province of Ontario; Ontario Geological Survey, Miscellaneous Release-Data 231.
7London, D., 2016, Rare-Element Granitic Pegmatites, chap. 8 of Verplanck, P.L., & Hitzman, M.W., eds., Rare Earth and Critical Elements in Ore Deposits: Reviews in Economic Geology,18,pp.165-193
8Bradley, DC, McCauley, AD and Stillings, LL 2017, Mineral-deposit model for lithium-cesium-tantalum pegmatites: United States Geological Survey, Reston, VA, Scientific Investigations Report 2010-5070, 58p.
9Rock Tech Resources Inc. James Bay Midarctic Development Inc. Report on Exploration Work 2009, Georgia Lake Lithium and Rare-Earths Project, by Melville William Rennick, 2010.
10Zayachkivsky, B., 1985, Granitoids and rare-element pegmatites of the Georgia lake area, northwestern Ontario, Faculty of Science Lakehead University, Thunder Bay, Ontario, 252p.

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/187973

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Beyond Lithium Completes Oversubscribed Unit Private Placement for Gross Proceeds of $935,500

Beyond Lithium Completes Oversubscribed Unit Private Placement for Gross Proceeds of $935,500

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce the completion of an oversubscribed, non-brokered private placement of 3,118,333 units of the Company (the "Units") at a price of $0.30 per Unit for aggregate gross proceeds of $935,500 (the "Offering"). Each Unit consists of one common share in the capital of the Company (a "Share") and a one-half common share purchase warrant (a "Warrant"). Each full Warrant entitles the holder to purchase one additional Share in the capital of the Company at a price of $0.45 per Share for a period of 24 months from the closing date, subject to customary adjustment and acceleration provisions in certain circumstances. The Warrants are subject to a provision that if the volume weighted average trading price of the common shares of the Company on the Canadian Securities Exchange (the "Exchange") equals or exceeds $0.70 over any period of ten consecutive trading days, the Company will be entitled to accelerate the expiry date of the Warrants to the date which is twenty days following the date notice of such acceleration is delivered to holders of the Warrants.

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Beyond Lithium Announces Upsized Private Placement

Beyond Lithium Announces Upsized Private Placement

Beyond Lithium Inc. (CSE:BY) (OTCQB:BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that as a result of strong investor demand, the private placement previously announced on October 23, 2023, is being increased to up to 2,500,000 units of the Company (the "Units") at a price of $0.30 per Unit for aggregate gross proceeds of up to $750,000.00 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one-half common share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the capital of the Company at a price of $0.45 per Share for a period of 24 months from the closing of the Offering, subject to customary adjustment and acceleration provisions in certain circumstances. The Warrants will be subject to a provision that if the volume weighted average trading price of the common shares of the Company on the Canadian Securities Exchange (the "Exchange") equals or exceeds $0.70 over any period of ten consecutive trading days, the Company will be entitled to accelerate the expiry date of the Warrants to the date which is twenty days following the date notice of such acceleration is delivered to holders of the Warrants.

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Beyond Lithium Launches Stripping and Drilling Program at Ear Falls Project

Beyond Lithium Launches Stripping and Drilling Program at Ear Falls Project

Also Provides Victory Project Exploration Update and Announces Private Placement

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that its stripping and drilling program at the Ear Falls spodumene Project will start this week. The main objective of the stripping and drill program is to gather additional geological data at the Ear Falls spodumene project to delineate and prioritize targets for the next drilling program, a more extensive drilling program that will drill test the larger footprint of the Ear Fall's spodumene system. Beyond Lithium will be submitting a further and expanded drilling permit application for the next drill program to Ontario's Ministry of Mines immediately after the completion of the current stripping and drilling program along the spodumene-bearing pegmatites zone.

The program announced today will consist in:

  • A stripping program designed to expose the extension of the spodumene pegmatites in all-directions and to potentially uncover more subparallel dykes.
  • A drilling program targeted to further understand and delineate the characteristics and the densities of these subparallel spodumene pegmatite dykes.

Lawrence Tsang, VP Exploration of Beyond Lithium, commented "Crews have been active at our Ear Falls spodumene project since the initial discovery in September when we announced grab samples having assayed up to 4.54% Li2O, with a minimum three-kilometre-long prospective trend being identified. We are awaiting assay results from 60 samples which are currently at the lab in Red Lake, Ontario."

In preparation for the stripping and drilling program a high-quality drone imaging survey was completed along a 1 km long spodumene pegmatite zone to assist with detailed mapping and sampling. This survey will further outline the zonation of these spodumene-bearing pegmatites. Mapping out the zonation of the spodumene-bearing pegmatites will help vector the exploration towards the stronger part of the system.

The spodumene-bearing pegmatite zone was discovered along a contact zone between the metasedimentary and the granite host rocks that continues for over 13 km and so far, only 1 km of this contact has been explored. "We believe the 1 km spodumene-bearing pegmatite zone is just a smaller footprint of a larger system," said Mr. Tsang.

Mr. Tsang also outlined the other areas of interest on the Ear Falls Project: "In addition, there are numerous untested exploration targets across the Project that we will continue to explore for more spodumene bearing pegmatites along:

  • The 13 km structural corridor with elevated lithium in metasediment and granite, The regional subparallel fault zone along metasediment and another granitic to mylonitic host rock, and

  • The eastern expansion of the Ear Fall Project with samples collected by Ontario Geological Survey >1.1% A/CNK ratio suggesting the presence of a different fertile pluton on the Project."

Ear Falls Project Background

Beyond Lithium announced the discovery of a brand new spodumene-bearing pegmatites zone with grab samples returning up to 4.54% Li2O at the Ear Falls Project in September (see press release dated September 17, 2023).The Ear Falls Project (20,623 ha) is located near the town of Ear Falls (pop. 1,100) that is less than 10 minutes drive away from the southern property boundary. The Project is located 70 km south of Red Lake and 145 km north of Dryden with excellent infrastructure including a highway that connects the cities of Dryden, Red Lake, and Kenora, and logging roads access throughout most of the Project, power line along the main highway, local labor force, and equipment facility etc.

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Figure 1 Paul Baxter, Beyond Lithium's Sr. Geo, measuring the width and mapping of the spodumene-bearing pegmatite along the main logging road at the Ear Falls Project with two Jr. Geo sampling the dyke.

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Victory Project Exploration Update

Allan Frame, President and CEO of Beyond Lithium, provided an update on the Victory spodumene Project and said that: "Immediately following our brand-new discovery of two large spodumene-bearing pegmatites along a 6-kilometer structural zone at the Victory Project in the Dryden-Ear Falls District, we sent our experienced technical team to carry out a comprehensive exploration program including detailed mapping and sampling program which is currently ongoing. The primary goal of this program is to collect supplementary field data for the planning of a more advanced exploration and drilling program at Victory. Concurrently with current activities, we will submit a trenching and drilling permit application to Ontario's Ministry of Mines as we anticipate launching our drilling campaign at Victory once we receive the permit approval."

The ongoing exploration work at the Victory Project includes:

  • Detailed mapping and sampling the two brand-new spodumene-bearing pegmatites.
  • Further to our detailed mapping, more than 30 samples have been collected from the two spodumene-bearing pegmatites.
  • Completion of a high-quality drone imaging survey on the two newly discovered spodumene-bearing pegmatites with ranging over 20-30 m in width and striking over 200-300 m in length.
    • To map out the zonation of the spodumene-bearing pegmatites
    • To follow and to extend the spodumene-bearing pegmatites along strike.
  • The systematic exploration along the 6 km long structural zone that runs subparallel to the regional subprovince boundary to potentially uncover new spodumene zone.
  • The inspection of over 100 mapped pegmatites and beryl and tantalum mineral occurrences identified by Ontario Geological Survey.
  • Prospect the regional trend and prospective corridor across both the Victory Main and the Victory West Projects.

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Figure 2 Drone Image of the Spodumene Pegmatite Discovered in the Eastern Extent Along the Prospective Zone of the Victory Project.

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Figure 3 Drone Image of the Spodumene Pegmatite Discovered in the Western Extent Along the Prospective Zone of the Victory Project.

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Figure 4 Brand New Beryl-Bearing Pegmatite Discovered at the Victory Project - Beryl is an indicator mineral of LCT pegmatite fractionation that suggests this area is in the vicinity of potential spodumene mineralization.

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Victory Project Background

Beyond Lithium announced the Victory and the Victory West properties (together the "Victory Project") option totalling over 16,000 ha in area and the discovery of two new, undocumented spodumene-bearing pegmatites at the Victory Project (see press release dated October 10, 2023). The Victory Project is located 40 km east of Kenora and 70 km west of Dryden with excellent nearby infrastructures including:

  • 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

In addition to the Victory Project and the Ear Falls Project, Beyond Lithium continues to advance eight other projects (Satellite, Laval, Gullwing-tot, Webb East, Webb West, Temple Bay, Ogani Lake, and McKenzie Bay) located within 100 km of three regionally significant lithium deposits (Figure 5):

  • The Mavis Lake Lithium deposit owned by Critical Resources Ltd. with 8 Mt at 1.07% Li2O1
  • The Separation Rapids Lithium deposit owned by Avalon Advanced Materials 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 with 12.6 Mt at 1.21% Li2O3

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Figure 5 Regional map showing location of Beyond Lithium projects relative to other significant nearby deposits.

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Beyond Lithium's Exploration Plan for the 7 Projects in the Frontier Lithium Pak & Spark Lithium District

Beyond Lithium has seven projects totaling 11,240 ha in area located along the same structural corridor, the Bear Head Lake Fault Zone, that hosts the Frontier Lithium's Pak & Spark Lithium deposits (Figure 6). The Pak deposit has a probable mineral reserve of 4 MT averaging 1.79% Li2O4 and the Spark deposit has a probable mineral reserve of 18 MT averaging 1.5% Li2O4. The Bear Head Lake Fault Zone was described as the focal structure of peraluminous and fertile granitic plutons where nine major fertile plutons have been documented over this 140 km long fault zone (McCracken 2021). The presence of these fertile plutons supports the high potential of exploring for lithium, cesium, and tantalum ("LCT") pegmatites along this prospective fault zone.

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Figure 6 Beyond Lithium Projects in the Frontier Lithium's Pak & Spark District along the Bear Head Lake Fault Zone.

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Due to the forest fire and the lack of helicopter availability this season, Beyond Lithium spent limited time in the area. Nonetheless, these seven projects, Borland East, Borland North, Borland West, Favourable Lake, MacDowell Lake, Margot Lake, and North Trout, remain highly prospective and rank high on Beyond Lithium's exploration list based on the regionally favorable geological setting and the abundance of fertile plutons along the main trend. Beyond Lithium is looking forward to carrying out the Phase 1 prospecting program on all seven projects in the Pak & Spark District early next season to establish a baseline of each of the seven projects which will allow the team to plan for a follow up program right after.

Mr. Frame concluded: "Beyond Lithium has 63 projects totalling over 198,000 ha of prospective ground in Ontario. We have established a great geochemical and geological field database to continue being as the largest greenfield lithium exploration player in Ontario. Most of our projects are close to excellent infrastructure with great access located across Ontario which allows Beyond Lithium to have longer field season for exploration to provide steady news flow for our shareholders."

"In our first exploration season, we explored 50 of our 63 projects (79.4%), we made three significant discoveries, advanced 18 projects to Phase 2 exploration and have ten more highly prospective projects to start exploring as of next May."

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Private Placement

The Company also announced a non-brokered private placement of up to 2 million units of the Company (the "Units") at a price of $0.30 per Unit for aggregate gross proceeds of up to $600,000 (the "Offering"). Each Unit will consist of one common share in the capital of the Company (a "Share") and one-half Share purchase warrant (a "Warrant"). Each full Warrant will entitle the holder to purchase one additional Share in the capital of the Company at a price of $0.45 per Share for a period of 24 months from the closing of the offering, subject to customary adjustment and acceleration provisions. The Warrants will be subject to a provision that if the volume weighted average trading price of the common shares of the Company on the Canadian Securities Exchange equals or exceeds $0.70 over any period of ten consecutive trading days, the Company will be entitled to accelerate the expiry date of the Warrants to the date which is twenty days following the date notice of such acceleration is delivered to holders of the Warrants.

The Company intends to use the proceeds of the Offering for general corporate and working capital purposes.

The Company may pay finders' fees in connection with the Offering in cash, shares, Warrants or a combination thereof. All securities to be issued under the offering will be subject to a hold period of four months and one day from their date of issuance.

Al Frame commented that "We remain committed to our project generator business model and are actively working on monetizing some of the 18 other properties which have now been selected for Phase 2 exploration. In the meantime, we feel the time is right to shore up our non-flow though cash position to better position ourselves to take advantage of the tremendous opportunities were seeing on our projects and in the overall lithium market. Beyond Lithium is in an incredibly unique position to be able to not only continue to develop its current assets but to also monetize the other projects in our portfolio which I believe will bode extremely well for our shareholders over time. I am excited for our future and look forward to updating our shareholders over the coming quarters. I want to thank our shareholders for their continued support in our vision and welcome new investors to the team."

The offered securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful.

Equity Award Grant

The Company has granted 107,500 incentive stock options (the "Options") and 600,000 restricted share units (the "RSUs") to certain consultants to the Company, subject to certain vesting requirements. The Options will vest in four equal tranches over a 12-month period, with one-quarter vesting on the date of grant and one-quarter vesting at the end of each three-month period thereafter. Each Option is exercisable to acquire one common share of the Company at a price of $0.31 per share upon vesting, for a period of five years from the date of grant. 90,000 of the RSUs to be granted to certain consultants will fully vest three months after the date of grant and 590,000 of the RSUs shall vest in three equal tranches over a 9-month period, with one-quarter vesting at the end of each three-month period following the date of grant. Each vested RSU shall entitle the holder to receive one common share of the Company.

All grants of Options and RSUs are subject to the Company's omnibus equity incentive plan (the "Equity Incentive Plan"), which was approved by shareholders at the Company's annual general and special meeting of shareholders held on May 15, 2023 (the "Meeting"). A copy of the Equity Incentive Plan is included in the Company's management information circular in respect of the Meeting dated April 10, 2023 available via the Company's profile on SEDAR at www.sedar.com.

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Beyond Lithium Options Victory Project Totalling More than 16,000 Hectares

Beyond Lithium Options Victory Project Totalling More than 16,000 Hectares

Massive Spodumene Bearing Pegmatites Identified On 6km Trend

HIGHLIGHTS

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Beyond Lithium Expands Three Lithium Exploration Projects, Also Acquires New Property

Beyond Lithium Expands Three Lithium Exploration Projects, Also Acquires New Property

Beyond Lithium Inc. (CSE: BY) (the "Company" or "Beyond Lithium") is pleased to announce the acquisition of a 100% undivided interest in 279 non-contiguous mining claims totaling 9,378 hectares. This acquisition results in a significant expansion of three of its optioned properties known as the Ogani Lake, Maytham, and Superb Lake North, as well as the acquisition a new property named Sydere (collectively, the "Properties"). The Properties are all located in the province of Ontario.

Allan Frame, President & CEO of Beyond Lithium, commented that, "The expansion of three of our properties comes on the heels of our Phase 1 exploration program results. We have now moved 17 projects to Phase 2 exploration and expanded three properties, in addition to the expansion of the Ear Falls project announced earlier this week. The upcoming results from our Phase 2 programs, plus pending results from Phase 1 exploration on several properties will dictate which projects will we dedicate exploration dollars to later this year and in 2024."

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Brunswick Exploration Exercises Complete Globex Option

Brunswick Exploration Exercises Complete Globex Option

GLOBEX MINING ENTERPRISES INC. (GMX Toronto Stock Exchange, G1MN Frankfurt, Stuttgart, Berlin, Munich, Tradegate, Lang & Schwarz, LS Exchange, TTMzero, Düsseldorf and Quotrix Düsseldorf Stock Exch anges and GLBXF OTCQX International in the US) is pleased to inform shareholders that Brunswick Exploration Inc. (TSX-V: BRW) has exercised the entire Lac Escale Lithium property option (Mirage Property) which Globex and Brunswick jointly announced on January 24, 2023 ( click here to access press release ).

The option covers 96 cells and a one-kilometer area of influence extending from the current 96 cell boundaries. Under the option agreement, Brunswick was required to make payments totaling $500,000, (half in cash and half in shares) and undertake a minimum of $1,000,000 in exploration work over four years. In addition, at the fifth anniversary of the coming into force of the retained 3% Gross Metal Royalty, Brunswick must pay Globex an advance royalty of $100,000 per year.

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ALX Resources Corp. Completes Geochemical and Magnetic Surveys at the Gibbons Creek Uranium Project, Athabasca Basin, Saskatchewan

ALX Resources Corp. Completes Geochemical and Magnetic Surveys at 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 the completion of a soil geochemistry survey and a high-resolution ground magnetic survey at the Gibbons Creek Uranium Project ("Gibbons Creek", or the "Project") located in the northern Athabasca Basin near the town of Stony Rapids, Saskatchewan. The surveys were designed to provide detailed magnetic and geochemical signatures over fault structures and surface expression of uranium where the Company previously intersected basement-hosted uranium mineralization grading 0.13% U3O8 over 0.23 metres from 107.67 to 107.90 metres in drill hole GC15-03, and over a strong radon anomaly that was detected on surface by a predecessor company in 2013.

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Canada Silver Cobalt Adds to Quebec Properties

Canada Silver Cobalt Adds to Quebec Properties

(TheNewswire)

Canada Silver Cobalt Works Inc.

The Company has acquired 2,335 hectares covering a geologically favourable unit with Base Metal and Gold potential

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Brunswick Exploration Announces the Exercise of the Mirage Project Option From Globex Mining Enterprise

Brunswick Exploration Announces the Exercise of the Mirage Project Option From Globex Mining Enterprise

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce that it has met all payment and work expenditures requirements to acquire a 100% interest on the claims held by Globex Mining Enterprise (TSX: GMX) at the Mirage Project through the payment acceleration clause of the Option Agreement dated January 5 2023.

Mr. Killian Charles, President and CEO of BRW, commented: "Following our successful autumn drilling campaign, we have decided to accelerate the Option Agreement covering the main portion of the Mirage Project. This further consolidates our position in the Mirage Project region as we continue to expand and delineate an exciting lithium discovery."

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Brunswick Exploration Announces the Exercise of the Mirage Project Option From Globex Mining Enterprise

Brunswick Exploration Announces the Exercise of the Mirage Project Option From Globex Mining Enterprise

Brunswick Exploration Inc. (TSX-V: BRW, OTCQB: BRWXF; " BRW " or the " Company ") is pleased to announce that it has met all payment and work expenditures requirements to acquire a 100% interest on the claims held by Globex Mining Enterprise (TSX: GMX) at the Mirage Project through the payment acceleration clause of the Option Agreement dated January 5 2023.

Mr. Killian Charles, President and CEO of BRW, commented: "Following our successful autumn drilling campaign, we have decided to accelerate the Option Agreement covering the main portion of the Mirage Project. This further consolidates our position in the Mirage Project region as we continue to expand and delineate an exciting lithium discovery."

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Canada Silver Closes 2nd and Final Tranche of Private Placement

Canada Silver Closes 2nd and Final Tranche of Private Placement

(TheNewswire)

Canada Silver Cobalt Works Inc.

Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the " Company " or " Canada Silver Cobalt ") announces that further to its news release dated November 2, 2023 and November 6, 2023 the Company has closed a 2 nd and final tranche of a non brokered private placement by way of issuing 18,250,000 Quebec flow-through units ("QFT Units") at $0.04 per QFT Unit, for total gross proceeds of $730,000.  The Company raised a total of $1,630,000 in both tranches of the financing

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