The first group of claims is called the Li-1 Property. It is part of the Troilus Belt and consists of two blocks totalling 24 claims. Contiguous to the Li-1 Property are the
The second group of claims is called the Li-2 Property and consists of 28 claims. It is adjacent to a project currently developed by Brunswick Exploration. It is located South of the Whabouchi lithium project, which is expected to be one of the richest lithium spodumene deposits in the world, both in terms of volume and grade. The project is being developed by Nemaska Lithium as an open-pit and underground operation.
Regional efforts are currently underway to develop the area as a lithium hub in
Both Properties are located in the western
The Company is determined to build an extensive portfolio of mining properties focused on strategic minerals, particularly lithium. With the addition of these two properties
Key Advantages of the Province of
The Province of
Already known lithium deposits and major occurrences are widely distributed across the region.
Lithium is a critical mineral to produce electric vehicle batteries and a host of other applications that are propelling the global shift towards decarbonization and renewable sources of energy.
Qualified Person
The technical and scientific information in this press release has been reviewed and approved by
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President
Tel. 845-656-0184
Fax 845-231-6665
This news release contains information about adjacent properties on which the Company has no right to explore or mine. Readers are cautioned that mineral deposits on adjacent properties are not indicative of mineral deposits on the Company's properties.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATIONS SERVICES PROVIDER HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this press release, including any information regarding the proposed acquisition, constitutes "forward-looking statements." All statements, other than statements of historical fact, are to be considered forward-looking statements. Forward-looking statements are necessarily based on a number of estimates and assumptions that, while considered reasonable by the Company, are inherently subject to significant business, economic, geological and competitive uncertainties and contingencies. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include but are not limited to: economic and global market impacts of the COVID-19 pandemic, fluctuations in market prices, exploration and exploitation successes, continued availability of capital and financing, changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and general political, economic, market or business conditions. Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance and, therefore, readers are advised to rely on their own evaluation of such uncertainties. All of the forward-looking statements made in this press release, or incorporated by reference, are qualified by these cautionary statements. We do not assume any obligation to update any forward-looking statements.
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