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.

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US Critical Metals Corp

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Post by MarketMakersson Oct 12, 2023 7:23pm

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Post# 35681464

USHA's Potential in Two Leading Lithium Basins

Playing a crucial role in sustainable development and green technology, lithium holds a key role in the world's transition to net-zero carbon emission, thus, the need for new sources of lithium to come online is evident. (Source: https://www.azomining.com/Article.aspx?ArticleID=1763).

Within this exponentially growing market, Usha Resources (USHA.v USHAF) has emerged as a high-potential lithium opportunity located in two leading lithium basins in Nevada, Clayton Valley and McDermitt Basin.

Clayton Ridge Lithium Property

Recently, USCM received approval from the Bureau of Land Management to drill the northern basin of the Clayton Ridge Lithium Property in Nevada.

Located in the Clayton Valley, the Clayton Ridge Lithium property consists of 180 contiguous claims over 3,600 acres with multiple lithium-bearing sediments and lithium-bearing claystone units mapped over the entire length of the claim block.

The initial phase of drilling consisted of 11 holes with ~1,000 meters of core drilling into the southern and central basins of Clayton Ridge and the second phase of drilling commencing on October 15th by Falcon Drilling, to test the five northern drill targets of the Project for rock chip anomalies and to extend mineralization.

McDermitt Lithium East Project

Spanning 6,508 acres, USCM's McDermitt Lithium East Project is located on a geologically strategic position in the McDermitt Caldera and has a preliminary surface sample of 1,907ppm lithium.

The area is largely undersampled, thus, USCM intends to immediately commence with geologic mapping, geochemical sampling and permitting to position the project as fully drill-ready and advance toward a maiden drill program.

Notably, the McDermitt Caldera has the potential to be the largest source of lithium clays in the world and includes Lithium America's (LAC, 3.25B Market Cap) Thacker Pass, the largest known lithium deposit in the US and one of the largest in the world with 3.7M tonnes of lithium carbonate equivalent reserves at 3,160ppm lithium.

For more information, check out USCM's CEO, Darren Collins, on Swiss Resources Capital discussing the above projects: https://www.youtube.com/watch?v=ErPeQBI1lDY&ab_channel=SwissResourceCapitalAG

Latest News Release: https://uscmcorp.com/uscm-receives-blm-approval-for-drill-program-targeting-northern-basin-of-clayton-ridge/

Posted on Behalf of US Critical Metals Corp

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