Lancaster Resources

Overview

Lancaster will also make full use of direct lithium extraction technology (DLE), allowing it to recover the majority of lithium from brine deposits with minimal environmental impact.

Lancaster’s Alkali Flat lithium project is a closed-basin deposit situated in New Mexico, believed to be the next frontier for lithium. Notably, Alkali Flat also displays very similar geology to Clayton Valley in Nevada, currently the site of the only producing lithium brine in the country.

The company’s secondary lithium asset, the Trans-Taiga, is a lithium pegmatite property spanning 3,520 acres near Patriot Battery Metals’ Corvette and Winsome Resources’ Cancet deposits.

Besides lithium, the company also has two high-impact mineral claims in the world-class Athabasca Basin, targeting high-grade uranium. The Catley Lake and Centennial East properties, spanning 3,036 hectares and 5,081 hectares, respectively, provide significant exploration opportunities. The Athabasca Basin in Saskatchewan, Canada hosts some of the world’s largest and highest-grade uranium deposits and home to some of the biggest mines, including Cameco’s McArthur River and Cigar Lake uranium mines. Lancaster’s assets are adjacent to Cameco's Centennial deposit claim block in the south-central area of the Athabasca Basin.

Lancaster has completed its spin-off of the Nelson Lake Copperproject and its wholly owned subsidiary Nelson, which now operates as a separate company that owns 100 percent of the Nelson Lake copper project consisting of one mining claim of 5,746 hectares in Saskatchewan.

In April 2024, Lancaster acquired the Piney Lake gold property which covers an area of 2,267.8 hectares, and is nestled approximately 65 kilometers east of La Ronge Provincial Park and a mere 2.5 kilometres east of North Arrow Minerals' Pikoo property.

Lancaster Resources is guided by a highly experienced and respected technical team.

Exploration consultant Rodney Blakestad is a geologist with over 40 years of experience in mineral exploration, having discovered multiple high-value deposits throughout his career including Alaska's largest operating gold mine, Fort Knox. Gary Lohman also sits on the company's advisory board, providing extensive expertise in geological, geochemical and geophysical exploration techniques.

With its collaborative agreement with KorrAI Technologies, a pioneer in hyper-spectral imaging, Lancaster is also redefining and enhancing the efficiency and accuracy of mineral exploration, particularly for lithium, uranium, rare earth elements and other critical minerals. This cutting edge technology effectively minimizes environmental impact, optimizes resource discovery, and accelerates production.