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US Critical Metals Corp C.USCM

Alternate Symbol(s):  USCMF

US Critical Metals Corp. is a Canada-based company. The Company is focused on mining projects that further secure the US supply of critical metals and rare earth elements. Its assets consist of four agreements, together providing the Company with the right to acquire interests in five discovery focused projects in the US. These projects include the Clayton Ridge Lithium Project, the Sheep Creek Rare Earth Project, the Haynes Cobalt Project, the Lemhi Pass Rare Earth Project, and the Long Canyon Uranium Project. The Clayton Ridge is located in Nevada, which comprises approximately 180 claims or 3,600 acres with 90 unpatented lode mining claims. Sheep Creek Project is located in Montana, which spans over 223 lode claims representing approximately 4,500 acres of total land package. The Haynes Cobalt Project is located in Idaho, which comprises over 23 contiguous unpatented lode mining claims that cover an area of approximately 192 ha.


CSE:USCM - Post by User

Post by StockHawk1on Oct 11, 2023 6:43pm
145 Views
Post# 35679672

Report Suggests McDermitt Caldera Hosts Largest Li Reserve

Report Suggests McDermitt Caldera Hosts Largest Li Reserve

As highlighted in the article below, a report published last month suggests that the world's largest lithium reserve is located in the McDermitt Caldera along the Oregon-Nevada border. 


This reserve is estimated to contain around 20 to 40 million metric tons of lithium, potentially surpassing other significant lithium deposits in Chile, Bolivia, and Australia. 


Source: https://www.popularmechanics.com/science/green-tech/a45086253/worlds-largest-lithium-deposit-found-in-nevada


US Critical Metals (USCM.c USCMF) controls the McDermitt Lithium East Project which is within this Caldera.


The McDermitt Lithium East Project covers a significant 6,508 acres of land with a preliminary sample showing significant lithium content. 


The project shows substantial potential, as confirmed by an NI 43-101 report highlighting the likelihood that the project hosts significant quantities of lithium-bearing sediments.


Notably, the Thacker Pass project, controlled by Lithium Americas (LAC) which has a Market Cap of over $1.58 Billion, is located just 19 kilometers south of McDermitt East.


More here: https://uscmcorp.com/mcdermitt/

 
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