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LithiumBank announces largest-known high-grade lithium discoveries across North America. LithiumBank Resources has announced high-grade lithium resources of an estimated 10,078,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at a grade of 79.4 mg/L within the Leduc Formation. Furthermore, the Company has discovered 11,603,000 tonnes of inferred LCE at 80.9 mg/L high-grade lithium within the Swan Hills Fm aquifer underlying its 100% owned Park Place lithium brine project. Rob Shewchuk Chairman & CEO LithiumBank https://lnkd.in/eUJUvfmB #lithium #lithiumbatteries #energystorage #energytransition #criticalrawmaterials #USA #NorthAmerica The initial mineral resource estimate assessments were prepared by global technology company SLB (NYSE: SLB) using 3D static modelling mining workflows. These assessments were then used to determine the resource estimates and reviewed and validated by a Qualified Person as defined by National Instrument 43-101 of Canada.

Highlight 🔦 3/3 "We're about to deploy $30 million in exploration into the ground in calendar year 2024. And with the backdrop of this uranium cycle...there's probably never been a better time to be able to do that." → from the Canaccord Genuity - Global Capital Markets Global Metals & Mining Conference with Troy Boisjoli of Atha Energy Corp. and Katie Lachapelle, CPA moderating the Uranium panel ↓ [Katie Lachapelle, CPA] Do you think the government's doing enough to support as early as exploration stage projects within Canada? Maybe for Troy? [Troy Boisjoli / CEO] In terms of investment attractiveness in Canada, and being able to leverage some of the mechanisms that are in place to reduce the dilution when you are exploring and developing, it is still very favourable in Saskatchewan. It's 30% – there's a 30% tax credit federally. And as of 24 months ago, Saskatchewan also increased the critical minerals tax credit up to 30% as well. ATHA personally – within the last six months – we did a charity flow-through capital raise. We received a 1.57x premium off of the dollars coming in. That was federally. And provincially it was a 1.75x So that's a significant uplift on dollars coming into the Company and being able to deploy those into the ground in the Province of #Saskatchewan. So I 100% agree, no one likes capital gains increases, but from a jurisdictional perspective my view is it's still an extremely attractive place to be able to work. [Darryl Clark / IsoEnergy Ltd.] The Fraser Institute backs that up? [Troy] Yes. [Canaccord] I completely agree, and I think you can see it even with a number of U.S. utilities not only contracting for domestic supply, but viewing Canada as a very friendly neighbor with a preference for getting some of those high grade pounds staying within North America. [Troy] As you're aware, Katie, we're a fan of consolidation. We just completed a three way transaction where we acquired 92 Energy and Latitude Uranium , growing up the asset base to where we have it. I agree with you completely, Dev [Randhawa]. The opportunity to explore at scale through being well capitalized and being able to materially advance exploration off that basis of strength, I think, is required. And for ATHA in particular – based off the work that we've done over the last year getting ready for this stage – we're about to deploy $30 million in exploration into the ground in calendar year 2024. And with the backdrop of this uranium cycle and where we're sitting right now there's probably never been a better time in the industry to be able to do that. And I think more of that's required because you look at the current assets that are out there it requires all of them. It requires all of them to go into production to plug the gap and new discoveries need to happen now in order to make that sustainable moving forward as well. And so the time for exploration in a real way is certainly now. /end segment 3 of 3 #uranium #u308 #sask

via StockHound Torque Metals has unveiled promising assay results from its New Dawn Lithium Project, revealing high-grade lithium hits and potential geographical continuity with the nearby Bald Hill mine. The findings, which include a peak grade of 3.99% Li2O, mark a significant step in the company’s quest for lithium. The results from drill hole 23NDRC016, intersected 35 cumulative meters of #lithium mineralized pegmatites, a type of rock crucial in lithium extraction. Key intersections include 10 meters at 1.51% Li2O from 51 meters, highlighting the significant lithium presence. Learn more: https://loom.ly/e8m97os #TOR #TorqueMetals #ASX

We've increased the graphite resource at our Kookaburra Graphite Project on the Eyre Peninsula by 𝟭𝟭𝟰% since September 2023. The total resource is now 𝟭𝟮.𝟴𝗠𝘁 @ 𝟳.𝟲% 𝗧𝗚𝗖, totalling 973,000 tonnes of contained graphite, confirming KGP as the second largest graphite resource on the Eyre Peninsula. The Resource Upgrade will underpin an updated KGP Pre-Feasibility Study examining a 60-100ktpa graphite concentrate project, due for delivery in 2H 2024 which has started to attract interest for potential offtake and partnerships. Additional drilling is planned for 2024 to further extend known mineralisation and explore new targets. This resource upgrade positions the KGP as a significant player in the graphite market, especially amid supply impacts from recent China export restrictions, which are likely to support graphite pricing. CEO Jonathon Trewartha commented: “After joining the Company late last year, we set an ambitious target to increase our Mineral Resource Estimate at the Kookaburra Graphite Project by at least 100% and I’m pleased to say that we have now exceeded that goal. This resource upgrade at KGP cements the project’s position as the second largest known graphite resource on South Australia’s Eyre Peninsula – Australia’s premier graphite province – and the team’s ability to deliver on our goal shows just how capable we are at growing and developing this strategic graphite resource and how fortunate we are to be developing a graphite project of this quality in such a compelling jurisdiction. “This updated MRE will serve as the basis for our PFS update planned for delivery later this year, which will build on the 2017 FS, but will target production at a much higher rate of 60,000 to 100,000 tonnes per year, which we believe will position KGP as a tier 1 graphite project that should garner strong interest from project partners and offtakers. “In the past six months, Lincoln has undergone a remarkable transformation. Our Kookaburra Graphite Project now stands as the second-largest graphite resource on the Eyre Peninsula. Additionally, we have identified a number of highly prospective uranium exploration targets and are excited about the potential value that could be realised from our 1.24 billion tonne Green Iron Project, which awaits a strategic partnership. Read the full ASX Announcement here: https://lnkd.in/ghbQuqcb #LML #LincolnMinerals #ASX #ASXNews #MiningNews #GraphiteExpansion #KookaburraProject #ResourceUpgrade #EyrePeninsula #MineralExploration #GraphiteSupply #SustainableMining #MineralResourceEstimate #GraphiteEconomics 

Brazilian Critical Minerals Limited (ASX:BCM) hits high-grade MREO results, igniting plans for further development at EMO Project in Apui, Brazil 🇧🇷🗓️ "Very high recoveries achieved through standard ammonium sulphate leaching display stunning results which we believe will help deliver the company a sizeable maiden Mineral Resource Estimate over the coming weeks and we are confident that with our ongoing in-house exploration efforts, we can solidify our position in the rare earth sector" "Phase 2 metallurgical characterisation of the Ema prospect is indeed vindication of the company’s view that it holds a world-class, emerging rare earths project," - Brazilian Critical Minerals Managing Director Andrew Reid #ASX #ASXNews #Investing #Mining #Brazil #MREO https://lnkd.in/giyZH8rx Subscribe to the weekly Stock Market Newsletter www.themarketbull.com.au

LithiumBank announces largest-known high-grade lithium discoveries across North America: LithiumBank has announced high-grade lithium resources of an estimated 10,078,000 tonnes of inferred Lithium Carbonate Equivalent (LCE) at a grade of 79.4 mg/L within the Leduc Formation. Furthermore, the Company has discovered 11,603,000 tonnes of inferred LCE at 80.9 mg/L high-grade lithium within the Swan Hills Fm aquifer underlying its 100% owned Park Place lithium brine project. “LithiumBank spent the past five years consolidating Park Place brine-hosted mineral licenses. This work has now culminated in 100% ownership of the largest LCE inferred mineral resource in North America and with the highest recorded lithium grade in Alberta,” said Rob Shewchuk, CEO of LithiumBank. He added: “The Park Place resource puts LithiumBank’s collective lithium brine resources inventory for the Company’s Alberta projects at 27.78 million tonnes LCE. This presents district scale potential opportunity for Canada to become a major supplier of lithium in North America.” Read the whole story here, at the Innovation News Network website: https://lnkd.in/eqFxex7z For more information on LithiumBank, visit their Innovation News Network Partner Profile: https://lnkd.in/eYZuzS4s #lithium #mining #esg #criticalrawmaterials #canada #batteries #evbatteries #alberta

via Proactive Torque Metals Limited continues to strengthen the critical minerals potential of the New Dawn Lithium Project in Western Australia with all 17 holes from a reverse circulation (RC) #drilling campaign intersecting vertically stacked pegmatites. Thick, continuous pegmatite lodes were intersected in the completed campaign of about 5,000 metres which aimed to test and extend the company’s maiden exploration target that was announced last week for New Dawn, which is 600 metres west of the active Bald Hill #Lithium #Tantalum mine of MinRes. The conceptual exploration target is 8-14 million tonnes grading 1.0-1.2% lithium oxide, which highlights the potential for continued mineralisation along the New Dawn trend and guides Torque toward an initial mineral resource estimate. Learn more: https://loom.ly/KJ5CA9A #TorqueMetals #ASX

via The Market Herald Trinex Minerals Limited has received the final assays from a surface geochemical sampling program at its Ross Lake and MAC lithium projects in the Northwest Territories, Canada. Samples were collected over two weeks at the end of the Canadian Summer 2023 field season just north of Yellowknife, an emerging region of critical mineral exploration. #TX3 reported high-grade #lithium interceptions with a notable presence of spodumene crystals in lithium-#caesium-#tantalum (LCT) pegmatites at Ross Lake. Results included 3.31 per cent lithium oxide, 2.27 per cent lithium oxide, and 1.84 per cent lithium oxide from Trinex’s Dyke 75 area, prompting the prospect to become the company’s prime focus for #drilling in 2024. Learn more: https://loom.ly/MVONsdQ #TrinexMinerals #ASX

Venture Minerals Limited (ASX:VMS, OTC:VTMLF) has set itself apart from the rest of the pack, with a record result representing the highest-grade clay-hosted rare earth element (REE) intersection unearthed so far in Australia. The big one, which sent shares soaring by 50.00% in early trade, was 48 metres at 3,025 parts per million (ppm) total rare earth oxide (TREO), with further smaller intersections assaying up to 10,266 ppm and 20,538 ppm TREO respectively. The results come from a stage one resource definition drilling program at the Jupiter Rare Earths prospect in Western Australia, in the first batch of assays returned from the drilling program. Importantly, the intersections contain high levels of valuable magnet rare earth oxides (MREO) up to 3,288 ppm #neodymium, 788 ppm #praseodymium, 674 ppm #dysprosium, 101 ppm #terbium, and “extremely low” radioactive components of thorium and uranium. More at #Proactive #ProactiveInvestors #ASX #OTC #VMS #VTMLF #RareEarthElements #MagnetRareEarths #BatteryMetals #CriticalMinerals http://ow.ly/6CWT105g8Hq

via Bulls N' Bears with Matt Birney Latin Resources Limited is set to deliver a mineral resource upgrade for its Colina lithium deposit in Brazil as soon as this month after wrapping up a major resource definition drill campaign at the operation. Colina forms part of the company’s Salinas lithium project in the Brazilian State of Minas Gerais and the deposit currently holds an impressive resource of 63.5 million tonnes at a solid grade of 1.3 per cent #lithium oxide. With a further 6.8 million tonnes going 0.9 per cent lithium oxide at its Fog’s Block deposit, the wider Salinas mineral resource sits at 70.3 million tonnes grading 1.27 per cent lithium oxide. Read more: https://loom.ly/9DUyQ_A #LRS #LatinResources #Exploration #Drilling #ASX