Acme Lithium CEO Steve Hanson: Lithium Brine Initiatives in Nevadayoutu.be
Acme Lithium (CSE:ACME,OTCQB:ACLHF) CEO Steve Hanson mentioned the corporate’s lithium brine tasks in Clayton Valley, Nevada — the solely historic website of lithium manufacturing since 1966.
The Acme property is instantly contiguous to those confirmed assets. After intensive work in 2021 to make developments, Hanson famous, “We did some geological work, mapping and two geophysics phases. Now we’re main as much as drilling this lithium brine undertaking.”
As for subsequent steps, Hanson talked about a give attention to figuring out financial discoveries, “Brine tasks are actually totally different from conventional metallic discovery, whenever you’re coping with laborious rock, and even clay. It’s extra akin to drilling a water properly or a reservoir with a certain quantity of strain, then that in the end has sure elements per million of lithium contained inside that brine or saltwater. For us, it’s a query of grade, after which the scale and scale of that aquifer to find out how a lot lithium we have now in a useful resource.”
Per Hanson, as soon as there’s a confirmed financial grade of lithium, a preliminary financial evaluation would observe. He famous, “We are going to proceed to drill in Clayton Valley. The purpose right here too is to inject the water again into the aquifer. So there’s subsequent drilling that can happen, additional tools that can be required, and we’re evaluating what’s referred to as direct lithium extractionexpertise.”
To finance the corporate’s tasks, Hanson famous, “We have now steady financing with C$6.8 million within the financial institution. We’re backed by firms for an extra C$4.2 million, with help from Waratah Capital Advisors and the Probity Mining flow-through fund.”
Wanting towards the longer term, Hanson mentioned, “We’re enthusiastic about delivering on milestones this yr. As an organization, our imaginative and prescient is to construct shareholder worth.”
Watch the complete interview of Acme Lithium CEO Steve Hanson above.
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