ACME Lithium (CSE:ACME,OTCQB:ACLHF) simply closed a US$3 million funding settlement, fueling the corporate’s development of its battery-grade lithium tasks.
But except for the financing, ACME Lithium CEO Steve Hanson believes that being in the appropriate market, having the appropriate individuals and being in the appropriate place secures the corporate’s place within the lithium provide chain.
“We’re seeing wants for battery storage for various power and grid storage,” Hanson mentioned. “That is an unimaginable mega-trend that is been taking place for a while and goes to proceed, definitely for years to return. And that is actually why we’re in the appropriate market proper now to be within the lithium enterprise.”
Based on Hanson, he explored 4 continents in search of lithium tasks earlier than specializing in Clayton Valley in Nevada, which has an extended historical past of lithium manufacturing. The corporate acquired a mission that’s contiguous to Albemarle’s (NYSE:ALB) Silver Peak mission within the northwest.
“We did not need to relaxation on our laurels right here and have simply tasks in Nevada,” Hanson added. “We felt that there are alternatives in Canada, and we targeted on the southeast space of Manitoba. The Tanko mine has been producing lithium, cesium and tantalum there since 1968. So there was an extended historical past of one of these steel manufacturing in Canada. We had boots on the bottom final summer time. We secured near 12,000 acres in that area. We’re actually excited in regards to the alternative and it’s going to be an thrilling mission for us in 2022.”
ACME Lithium just lately obtained a letter of approval below a “Discover of Intent to Drill” from the US Bureau of Land Administration for a near-term drill program at its Clayton Valley lithium brine mission.
“We have got a succesful staff that has a long time of expertise in advancing a lot of these tasks. So pleased with what we constructed right here thus far. I imagine it is the appropriate market, we have the appropriate deal with for these tasks and we have the appropriate individuals to advance them.”
Watch the total interview of ACME Lithium CEO Steve Hanson above.
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