RETRANSMISSION: Beyond Lithium Discovers New Spodumene Bearing Pegmatite Zone at Ear Falls Project in Northwest Ontario

RETRANSMISSION: Beyond Lithium Discovers New Spodumene Bearing Pegmatite Zone at Ear Falls Project in Northwest Ontario

Samples Up To 4.54% Li2O Along 3 Km Long Zone

HIGHLIGHTS 

  • New spodumene bearing pegmatites zone discovered at the Ear Falls Project with grab samples up to 4.54% Li2O. 

  • Favorable geology and a highly fractionated sample located 2 km northeast of the new discovery spodumene zone suggest the potential for a minimum 3-km-long trend for exploration of spodumene bearing pegmatites. 

  • The discovered spodumene-bearing pegmatites are located along a structurally controlled zone of 1 km in strike length, open in all directions. 

  • Exploration plan has been submitted to Ontario's Ministry of Mines for a stripping and a drilling program in October. 

  • Ear Falls Project was expanded from 3,375 ha to 20,623 ha (~600% expansion) upon the successful discovery of the new spodumene bearing pegmatites zone for a cash cost per hectare of only $7.98. 

  • The eastern expansion of the project provides a new exploration opportunity to search for a potentially identical geological system.

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce the discovery of a new spodumene-bearing pegmatite zone at its 206 sq. km Ear Falls Project in Northwest Ontario. Grab samples have assayed up to 4.54% Li2O and a minimum 3-km-long prospective trend has been identified. A highly fractionated sample located 2 km northeast of the spodumene pegmatite zone establishes a minimum of 3 km long trend for spodumene bearing pegmatites exploration.

Upon making this new discovery, Beyond Lithium strategically expanded the Ear Falls Project from 3,375 ha to 20,623 ha (~600% expansion) in area (Figure 1).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_004.jpg

Figure 1. Ear Falls Project Expanded Claims Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_004full.jpg

The Ear Falls Project, previously referred to as the Wenasaga Property, is located right outside the town of Ear Falls, 70 km south of Red Lake and 145 km north of Dryden in Northwest Ontario. Ear Falls has excellent infrastructure including highway and logging road access, power lines, services, and local labour.

Mr. Lawrence Tsang, VP Exploration for Beyond Lithium commented: "This spodumene discovery is significant as it occurs within a 13-km-long metasedimentary-granite structural corridor where there's opportunity for more discoveries as we ramp up exploration. We are targeting subparallel spodumene pegmatite dykes along the main metasedimentary-batholith structure and the major regional fault. Exploration on the eastern expansion of the project also provides an opportunity to search for a potentially identical geological system."

Mr. Tsang added that "Exploration at the Ear Falls Project is ongoing, and we have already submitted an exploration plan with Ontario's Ministry of Mines to carry out a stripping and a drilling program to further delineate the spodumene pegmatites zone. The stripping and drilling program is targeted to commence in October."

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_005.jpg

Figure 2. Overview Exploration Trend at the Ear Falls Project Showing the 3 km trend of Spodumene/Beryl Zone (black arrow) and a 13 km long Metasedimentary-Granite Structural Corridor (red polygon outline) and a Potential Subparallel Structure (blue polygon outline)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_005full.jpg

Allan Frame, President & CEO, commented that "This exciting news supports that new discoveries are possible outside of the remote regions of northern Quebec and Ontario. With just three months into our 2023 exploration program trying to cover all 64 projects with over 150,000 ha in area, Beyond Lithium has made two major discoveries in Ontario: the Allen Graeme pluton at Cosgrave and this new high grade spodumene bearing pegmatites zone at the Ear Falls Project. This early success shows the effectiveness of our exploration program. Many assay results remain to be received and announced and we are confident in delivering additional positive results before the end of the year."

Mr. Frame added: "In a recent news release I mentioned that it is important for our shareholders to keep in mind that while we are as anxious as they are to share all assay results as they come in, it is sometimes a better course of action to first consolidate our land position either through staking, optioning or both in certain districts. I am proud to report that this approach has allowed us to acquire 17,233 additional hectares around the discovery announced today at an average cash cost of $7.98 per hectare and the issuance of only 300,000 shares."

The finding of the spodumene pegmatites zone by Beyond Lithium at the Ear Falls project is a brand-new discovery in this region. Beyond Lithium recognized the potential of this area and was able to stake most of the prospective open grounds around the original claims and consolidated additional claims from a few prospectors to assemble a contiguous project of 20,623 ha in area.

The expansion has delineated two high priority areas for exploration associated with the labels in Figure 3 below:

1- Explore along the main metasedimentary-batholith structure and the major regional fault and look for subparallel spodumene pegmatite dykes.

2- Explore for additional prospective structure along the newly mapped metasedimentary-batholith in the northwest and look for additional spodumene pegmatite dykes.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_006.jpg

Figure 3. Overview of the High Priority Areas for Exploration at the Ear Falls Project

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_006full.jpg

Background of the spodumene discovery

The Phase 1 exploration program at the Ear Falls Project was completed in June. We have since updated the geology of the project and more significantly located the batholith-metasedimentary contact within the project as this contact is probably the preferential structure for LCT pegmatites (Figure 4). After discovering the spodumene pegmatites zone, Beyond Lithium's field team further explored along this metasedimentary-batholith contact and was able to locate three new beryl bearing pegmatites (Figure 4).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_007.jpg
Figure 4. Phase 1 Mapping of the Ear Falls Project with the Spodumene Pegmatites Zone and the 3 New Beryl Pegmatites Discovered Along the Metasedimentary and the Granite Contact

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_007full.jpg

Subparallel spodumene bearing pegmatites along a minimum of 1 km strike length were discovered along the main logging road of the Ear Falls Project up to 6 meters wide in exposed outcrops (Figure 6). The spodumene pegmatites are hosted in both granite and metasediment trending generally at 40 to 60 degrees following the regional foliation with local variabilities. These spodumene pegmatites are covered by a thin layer of vegetation. A follow-up stripping program has been planned to include the removal of the overburden to further outline the true thickness and the density of these spodumene pegmatites.

Sampling and assay results

A total of 205 individual pegmatite outcrops have now been mapped along the main structural corridor to date illustrated as blue dots in Figure 8 and we have collected 68 samples at the project. So far, 48 of the samples have received assays. From the 48 assays, four samples were taken from the spodumene pegmatites zone with Li2O ranging from 0.76% to 4.54% and cesium ranging from 32.83 ppm to 68.97 ppm (Table 1). More samplings including channel sampling are planned on the beryl and the spodumene pegmatites by the end of September to early October to further outline the lithium bearing zone.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_008.jpg

Figure 5. Spodumene Crystals in Pegmatite

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_008full.jpg

Mineralogy
Sample IDEastingNorthingLithologyQTZKSPARMUSBIOGARNETTOURBERYLSPODCs ppmLi2O %
E001055854839445620144PEG1168.970.76
E001058864837705620063PEG1111152.242.28
E001058874837435620021PEG1111137.764.54
E001058924833405619761PEG1111132.833.90
* Li2O%=Li ppm*2.153/10,000

 

Table 1 Assays Results of the 4 Grab Samples from the Spodumene Pegmatites Zone

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_009.jpg

Figure 6. Assays of Spodumene Pegmatites Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_009full.jpg

A couple of samples, E00105586 and E00105888, were collected just meters away from the spodumene pegmatites in the granite and metasediment host rocks. These two samples in the host rocks show significantly elevated Cs, 134 ppm and 636 ppm, and Li ,408 ppm and 1407 ppm, respectively (Table 2). In addition, the Cs values in the host rock or the alteration halo of the spodumene mineralization (134 and 636ppm Cs) are much higher than the Wenasaga Lake batholith (average of 7ppm Cs) implies the melt is highly enriched in incompatible rare elements and volatiles for the formation of lithium bearing pegmatites which has gone through a high level of fractionation (Breaks 2003) (Figure 7). This geochem baseline in the host rock with elevated Cs and Li could be the alteration halo signature of the spodumene pegmatites at the Ear Falls Project. This signature would be a great exploration tool for exploring blind target in the area.

Sample IDEasting NorthingLithologyCs ppmLi ppm
E001055864839445620144GRA134408
E001058884837415620022MSED6361407

Table 2 Assays Results of Grab Samples from Host Rocks of the Spodumene Pegmatites Zone

Geological interpretation

Cesium versus K/Rb variation in samples is a common and convenient diagram 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 right corner in the plot as the higher fractionated area. By plotting up the K/Rb vs Cs values of the 48 completed assays, a distinctive fractionation trend progresses from the SW to the NE orientation with an increase in Cs and a decrease in K/Rb ratio (Figure 7). One sample, E00105574, is plotted in the higher fractionated quadrant of the plot and this sample is located 2 km northeast on trend of the spodumene zone (Figures 2 & 3).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_010.jpg

Figure 7. K/Rb vs Cs Plot of Ear Falls Project Compared to the Wenasaga Lake Batholith & Fractionation Trend with the Higher Fractionated Sample located 2 km NE of the Spodumene Pegmatites Zone

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_010full.jpg

Regional geological context

The Ontario Geological Survey's released collected data in 2002 and outlined a couple of 1.1% and 1.2% A/CNK ratio samples in the eastern expansion of the Ear Falls project which suggested the presence of a nearby fertile pluton (Tindle 2002). Based on LCT pegmatites literature, a molecular ratio [Al2O3/(CaO + Na2O + K2O)] is commonly used to indicate whether a sample or a stock/pluton is mildly peraluminous (A/CNK = 1.0 to 1.1) or strongly peraluminous (A/CNK > 1.2) (Tindle 2006). These mildly to strongly peraluminous A/CNK samples also coincide with an area of elevated deep lake sediment in lithium just situated northeast from the Ear Falls project (Figure 8). This eastern expansion could be a new area to explore for a separate system than the new spodumene pegmatites zone associated with the Wenasaga Lake batholith and the Sandy Creek beryl pegmatites group.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_011.jpg

Figure 8. Brand New Exploration Target in the Eastern Area of the Expanded Ear Falls Project with >1% A/CNK and Elevated Lake Sediment in Lithium

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_011full.jpg

Beyond Lithium acknowledges the effort and work preformed by the project vendors, Bounty Gold Corp and Last Resort Resources, that led to the first discovery of its kind around the fertile Wenasaga Lake batholith and provides a proof of concept for the methodology used to assemble for the 64 prospective projects. Notably, Beyond Lithium's Ogani Lake Project is located just 30 km northeast of the Ear Falls Project and 65 km west of Green Technology Metals' (ASX: GT1) Root and McCombe Lithium deposits. The Ogani Lake Project was also recently expanded from 1,427 hectares to 5,177 hectares after beryl was found in several white tourmaline-muscovite pegmatites up to 10 meters wide during Beyond Lithium's phase 1 program (Figure 9).

Cannot view this image? Visit: https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_012.jpg

Figure 9. Beyond Lithium's Projects in the Area of the North Caribou Terrane & English River Subprovince District in Relation to the Green Technologies Metals' (ASX: GT1) Root-McComb Lithium Deposits

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8620/180919_101979c8f4fcc80a_012full.jpg

Regionally, the Wenasaga Lake batholith was described as a S-type fertile pluton which is likely the parental pluton of the Sandy Creek beryl pegmatites. The Sandy Creek beryl bearing pegmatites that were discovered in the early 1960s are located 7 km southwest of the new spodumene pegmatites zone (Breaks 1993). Very limited to no exploration work was done in the area since the discovery of the Sandy Creek beryl pegmatites for over 60 years. Beyond Lithium recognized this area to be favourable for LCT pegmatites because there are a well-established Wenasaga Lake batholith as the potential source of LCT pegmatites of the area and the higher fractionated Sandy Creek beryl occurrence in the area that led Beyond Lithium's field crew discovering the new spodumene pegmatites zone.

Based on the geochem plot of the 2023's collected samples in comparison with the batholith and the Sandy Creek beryl pegmatites (Figure 7), the Wenasaga Lake batholith is likely the parental pluton of the new spodumene bearing pegmatites zone. The batholith was mapped concordant to the Uchi-English River sub provincial boundary covering approximately 260km2 in area (Breaks 2003). The Sandy Creek beryl bearing pegmatites were noted to follow this regional foliation orientation of the host metasedimentary rock (Breaks 1993). This regional NE structure is an ideal host and fluid pathway for the formation and fractionation of LCT pegmatites as most LCT pegmatites deposits in the world have some sort of structural control for its formation (Bradley 2017).

Sources

1 Breaks, F.W. and Bond, W.D., 1993. The English River Subprovince - An Archean Gneiss Belt: Geology, Geochemistry and associated mineralization; Ontario Geological Survey, Open File Report 5846, v.1, p.1-483, 884p.

2 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.

3 Tindle, A.G., Selway, J.B. and Breaks, F.W. 2002. Electron microprobe and bulk analyses of fertile peraluminous granites and related rare-element pegmatites, Superior Province, northwest and northeast Ontario: Operation Treasure Hunt; Ontario Geological Survey, Miscellaneous Release-Data 111

4 Tindle, A.G., Selway, J.B. and Breaks, F.W. 2006. Electron microprobe and bulk rock and mineral compositions of barren and fertile peraluminous granitic rocks and rare-element pegmatites, northcentral and northeastern Superior Province of Ontario; Ontario Geological Survey, Miscellaneous Release-Data 210.

5 Bradley, D.C., McCauley, A.D., and Stillings, L.M., 2017, Mineral-deposit model for lithium-cesium-tantalum pegmatites: U.S. Geological Survey Scientific Investigations Report 2010-5070-O, 48 p., https://doi.org/10.3133/sir20105070O.

6 Breaks, F.W. and Bond, W.D., 1993. The English River Subprovince - An Archean Gneiss Belt: Geology, Geochemistry and associated mineralization; Ontario Geological Survey, Open File Report 5846, v.1, p.1-483, 884p.

6 Green Technology Metals (ASX: GT1) https://www.greentm.com.au/root-project

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 64 high potential greenfield lithium properties totalling over 150,000 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 28,259,658 common shares outstanding.
Please follow @BeyondLithium onTwitter, Facebook, LinkedIn, InstagramandYouTube.

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.sedar.com.

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/180919

News Provided by Newsfile via QuoteMedia

BY:CC
The Conversation (0)
Beyond Lithium Completes Unit Private Placement for Gross Proceeds of $250,000

Beyond Lithium Completes Unit Private Placement for Gross Proceeds of $250,000

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce the closing of a non-brokered private placement of 5,000,000 units of the Company (the "Units") for aggregate gross proceeds of $250,000 (the "Offering"), previously announced on October 1, 2024 and December 2, 2024. Each Unit consists of one common share in the capital of the Company (a "Share") and one-half of one common share purchase warrant of the Company (each whole warrant, a "Warrant"), with each warrant entitling the holder to purchase one common share in the capital of the Company for a period of 24 months from the date of issuance at an exercise price of $0.10 per share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Beyond Lithium Announces Completion of Amendments to Option Agreements, Debt Settlement Transactions & Provides Update on Private Placement

Beyond Lithium Announces Completion of Amendments to Option Agreements, Debt Settlement Transactions & Provides Update on Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce that, further to the proposed transactions announced in its news release dated October 1, 2024, it has now entered into definitive agreements with: (i) Bounty Gold Corp. and Last Resort Resources Ltd. (collectively, the "Optionors") to amend the terms of its existing property option agreements with the Optionors (the "Amendments"); and (ii) certain creditors of the Company pursuant to which the Company agreed to issue to the creditors, and the creditors agreed to accept, an aggregate of 6,802,227 common shares of the Company at a deemed price of $0.05 per share and 2,807,603 common share purchase warrants (the "Warrants") in full and final settlement of accrued and outstanding indebtedness in the aggregate amount of $340,111.36 (the "Debt Settlement"). Each Warrant entitles the holder to purchase one common share in the capital of the Company for a period of 24 months from the date of issuance at an exercise price of $0.10 per share.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Beyond Lithium Announces Unit Offering for Gross Proceeds of up to $500,000, Amendments to Property Option Agreements and Exploration Program Update for Cosgrave, Ear Falls, And Victory

Beyond Lithium Announces Unit Offering for Gross Proceeds of up to $500,000, Amendments to Property Option Agreements and Exploration Program Update for Cosgrave, Ear Falls, And Victory

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium") is pleased to announce: (i) a proposed non-brokered private placement of up to 10-million units of the Company (the "Units") at a price of $0.05 per Unit for aggregate gross proceeds of up to $500,000 (the "Offering"); (ii) amendments to its existing property option agreements with Bounty Gold Corp. and Last Resort Resources Ltd. (collectively, the "Optionors"); and (iii) an exploration program update for its Cosgrave, Ear Falls, and Victory projects.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Beyond Lithium Closes Flow-Through Offering for Gross Proceeds of $500,000

Beyond Lithium Closes Flow-Through Offering for Gross Proceeds of $500,000

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES

Beyond Lithium Inc. (CSE: BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium"), today announced the completion of a non-brokered private placement of 2.5 million common shares in the capital of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the Income Tax Act (Canada)) (the "Flow-Through Shares") at a price of $0.20 per share for aggregate gross proceeds of $500,000 (the "Offering").

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Beyond Lithium Announces Flow-Through Offering for Gross Proceeds Of $500,000

Beyond Lithium Announces Flow-Through Offering for Gross Proceeds Of $500,000

Beyond Lithium Inc. (CSE:BY) (OTCQB: BYDMF) (the "Company" or "Beyond Lithium"), today announced a proposed non-brokered private placement of 2.5 million common shares of the Company that will qualify as "flow-through shares" (within the meaning of subsection 66 (15) of the Income Tax Act (Canada) (the "Flow-Through Shares") at a price of $0.20 per share for aggregate gross proceeds of $500,000 (the "Offering").

The gross proceeds from the Offering will be used by the Company to incur eligible "Canadian exploration expenses" that will qualify as "flow-through critical mineral mining expenditures" as such terms are defined in the Income Tax Act (Canada) (the "Qualifying Expenditures") related to the Company's projects in Ontario. All Qualifying Expenditures will be renounced in favour of the subscribers of the Flow-Through Shares effective December 31, 2024.

News Provided by Newsfile via QuoteMedia

Keep reading...Show less
Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

Brunswick Exploration Announces Brokered Private Placement for Gross Proceeds of up to C$2.5 Million, with a Lead Order from a Strategic Investor

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES
  OR FOR DISSEMINATION IN THE UNITED STATES

Brunswick Exploration Inc. (" Brunswick " or the " Corporation ") (TSX-V: BRW, OTCQB: BRWXF) is pleased to announce that it has entered into an agreement with Red Cloud Securities Inc., to act as co-lead agent and sole bookrunner along with Canaccord Genuity Corp. as co-lead agent (collectively, the " Agents "), in connection with a "best efforts" private placement (the " Marketed Offering ") for aggregate gross proceeds of up to C$2,500,000 from the sale of (i) units of the Corporation (the " LIFE Units ") at a price of C$0.13 per LIFE Unit (the " Offering Price ") and (ii) units of the Corporation (the " Non-LIFE Units ", and collectively with the LIFE Units, the " Offered Securities ") at a price of C$0.15 per Non-LIFE Unit. A strategic investor has made a lead order to subscribe for Non-LIFE Units under the Offering.

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
SAGA Metals Extends Claims at the Radar Ti-V-Fe Project --Securing the Entire Titanomagnetite-Bearing Intrusion

SAGA Metals Extends Claims at the Radar Ti-V-Fe Project --Securing the Entire Titanomagnetite-Bearing Intrusion

Saga Metals Corp. ("SAGA" or the "Company") (TSXV: SAGA) (OTCQB: SAGMF) (FSE: 20H) a North American exploration company specializing in the discovery of critical minerals, is pleased to announce the addition of 97 new claims covering 2,425 hectares, increasing the total area of the Radar Ti-V-Fe Project to 24,175 hectares.

The Company's 100%-owned Radar Property is strategically located just 10 kilometres from the coastal city of Cartwright, Labrador. The location offers excellent infrastructure advantages, including:

News Provided by GlobeNewswire via QuoteMedia

Keep reading...Show less
American Salars Starts Sampling at 100% Owned Brazilian LCT Pegmatite Project, with Past Samples Hitting 3.72% Li2o and Significant Ree Values

American Salars Starts Sampling at 100% Owned Brazilian LCT Pegmatite Project, with Past Samples Hitting 3.72% Li2o and Significant Ree Values

(TheNewswire)

American Salars Lithium Inc

VANCOUVER, BC TheNewswire - MAY 7 th 2025 American Salars Lithium Inc. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY ) announces that it has commenced a Phase 2 sampling program on its 100% owned, highly prospective 18,083 Hectares (180 sq km) Hardrock LCT ("Lithium-Cesium-Tantalum") Pegmatite Project including Rare Earth Elements ("REEs") and Critical Minerals (the "Jaguaribe Project ").

News Provided by TheNewsWire via QuoteMedia

Keep reading...Show less
Albemarle Announces 126th Consecutive Quarterly Common Stock Dividend

Albemarle Announces 126th Consecutive Quarterly Common Stock Dividend

The Board of Directors of Albemarle Corp. (NYSE: ALB) announced today that it declared a quarterly common stock dividend of $0.405 per share. This marks Albemarle's 126 th consecutive quarterly cash dividend.

Albemarle Corp. Logo. (PRNewsFoto/Albemarle Corporation)

The dividend, which has an annualized rate of $1.62 , is payable July 1, 2025 , to shareholders of record at the close of business as of June 13, 2025 .

About Albemarle  
Albemarle Corp. (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, U.S. Securities and Exchange Commission filings and other information regarding the company, its businesses and the markets it serves.

Forward-Looking Statements

This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, including, without limitation, statements related to future dividends and results, which may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results could differ materially from the views expressed. Factors that could cause actual results to differ materially from the statements expressed or implied in any forward-looking statement include, without limitation: changes in economic and business conditions; expected market pricing of lithium and spodumene and other underlying assumptions and our 2025 outlook considerations; adverse changes in liquidity or financial or operating performance; changes in the demand for our products or the end-user markets in which our products are sold and the other factors detailed from time to time in the reports we file with the U.S. Securities and Exchange Commission, including those described under "Risk Factors" in our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. These forward-looking statements speak only as of the date of this press release. We assume no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.

Media Contact: Peter Smolowitz, +1 (980) 308-6310, media@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-announces-126th-consecutive-quarterly-common-stock-dividend-302447633.html

SOURCE Albemarle Corporation

News Provided by PR Newswire via QuoteMedia

Keep reading...Show less
VIDEO: Altech Batteries Ltd  Silumina Anodes Project Update

VIDEO: Altech Batteries Ltd Silumina Anodes Project Update

Perth, Australia (ABN Newswire) - Altech Batteries Limited (ASX:ATC) (FRA:A3Y) (OTCMKTS:ALTHF) is pleased to provide an update of the Silumina AnodesTM Project. This Company's game changing technology incorporates high-capacity silicon into lithium-ion batteries. Through in house R&D, the Company has cracked the "silicon code" and successfully achieved a 30% higher energy battery with improved cyclability or battery life. The Company's proprietary silicon product is registered as Silumina AnodesTM.

Highlights

- Spherisation of coated silicon particles- newest technological development

- Positioned in voids of graphite layer - further reducing impact of swelling

- Optimised 5% silicon content gives 50% capacity increase

- Pilot plant in Germany now operational

- All challenges resolved and ready for customer testing

SPHERISATION OF COATED SILICON

As previously noted, key challenges in using silicon in lithium-ion battery anodes include particle swelling, first-cycle capacity loss of up to 50%, and rapid battery degradation. Altech's initial approach involved coating individual silicon particles with a nanolayer of alumina to reduce expansion and mitigate first-cycle loss. This method proved effective. Building on this success, the next phase of development involved spherifying the coated silicon particles and applying additional coatings to the spherical structures (refer Figure 1*). These spherical, alumina-coated silicon particles can be effectively distributed within the voids of graphite, helping to minimise long-term damage to the electrode layer caused by expansion (refer Figure 2*). By residing in these voids, the particles can move without exerting stress on the surrounding graphite sheets. Additionally, the Company's R&D laboratory has optimised silicon content to a 5% addition, which has delivered a 50% capacity performance improvement in battery applications. The improvement in battery anode capacity can be seen in Figure 3 and 4*.

SUCCESSFUL PILOT PLANT OPERATION

Altech is in a race to get its patented technology to market. To support the development, Altech constructed a pilot plant adjacent to the proposed project site to enable the qualification process for its Silumina AnodesTM product. Coated silicon products are now being successfully produced at the Company's pilot plant located at Dock 3 in Saxony, Germany. The commissioning process presented a number of technical challenges, primarily related to the equipment delivery delays, supply of SiC materials, poor flowability and handling difficulties of the ultra-fine silicon powders used in the process - particles measuring less than one micron in size. These powders tended to cause hang-ups and blockages within the system, complicating consistent material movement and process stability. However, through a combination of engineering adjustments and process optimisations, these issues have now been resolved. The pilot plant is now operational and has produced high-quality coated silicon particles. These products are ready for evaluation and testing by potential customers, marking a key milestone in the commercialisation pathway.

Group Managing Director Iggy Tan said "The next generation of our development, leveraging spherization technology, has successfully addressed the long-standing challenges of silicon-namely swelling and rapid degradation. We've achieved a battery with 50% higher energy density and enhanced cycle life, all with a modest addition of silicon. Our proprietary alumina-coated, spherical silicon particles represent a breakthrough in battery anode materials. Production at our pilot plant in Saxony marks a significant milestone, and we are actively engaging with potential customers for evaluation. This progress places Altech at the forefront of next-generation battery technology as we move toward commercialisation."

To view the Video Update, please visit:
https://www.abnnewswire.net/lnk/75FWT03F



About Altech Batteries Ltd:  

Altech Batteries Limited (ASX:ATC) (FRA:A3Y) is a specialty battery technology company that has a joint venture agreement with world leading German battery institute Fraunhofer IKTS ("Fraunhofer") to commercialise the revolutionary CERENERGY(R) Sodium Alumina Solid State (SAS) Battery. CERENERGY(R) batteries are the game-changing alternative to lithium-ion batteries. CERENERGY(R) batteries are fire and explosion-proof; have a life span of more than 15 years and operate in extreme cold and desert climates. The battery technology uses table salt and is lithium-free; cobalt-free; graphite-free; and copper-free, eliminating exposure to critical metal price rises and supply chain concerns.

The joint venture is commercialising its CERENERGY(R) battery, with plans to construct a 100MWh production facility on Altech's land in Saxony, Germany. The facility intends to produce CERENERGY(R) battery modules to provide grid storage solutions to the market.

News Provided by ABN Newswire via QuoteMedia

Keep reading...Show less

Latest Press Releases

Related News

×