As detailed in the article below, a recent report argues that the world's largest lithium reserve lies within the McDermitt Caldera along the Oregon-Nevada border, estimated at 20 to 40 million metric tons.
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 East Lithium Project within this Caldera, covering 6,508 acres, with preliminary samples showcasing significant lithium content and an NI 43-101 report further supporting the project's potential for substantial lithium-bearing sediments.
Notably, McDermitt East is just 19km away from the Thacker Pass project which is controlled by Lithium Americas (LAC) which has a Market Cap of over $1.58 Billion.
USCM also controls the Cayton Ridge project in Nevada's Clayton Valley. The presence of intrusive dikes penetrating the claystone at this project suggests substantial lithium potential.
The Clayton Valley area has a rich history of lithium exploration and the Clayton Ridge Project is strategically located near companies with significant market capitalizations like ioneer (AUX: INR), American Lithium (LI.V) and Century Lithium (LCE.v). Notably, it is also near Albemarle's Silver Peak Lithium Mine, the only producing lithium mine in North America.
The regional geology features lithium-bearing sediments within an uplifted basin, and promising claystone units extend over approximately 7 kilometers.
Surface sampling at the project has shown promising grades, warranting further exploration both across the basin and at depth.
USCM recently obtained approval to drill the northern basin of Clayton Ridge, aiming to test rock chip anomalies and potentially expand mineralization northward with 500 to 1,000 meters of core drilling.
They've already completed 1,000 meters of core drilling in the southern and central basins and await assay results. CEO Darren Collins is optimistic about progress and anticipates sharing results with investors before year-end.
Overall, USCM believes there is excellent potential to accumulate substantial lithium resources at the project, with mapping indicating units over 200 meters in thickness.
More here: https://uscmcorp.com/uscm-receives-blm-approval-for-drill-program-targeting-northern-basin-of-clayton-ridge/
Posted on behalf of US Critical Metals Corp.