Vancouver, British Columbia--(Newsfile Corp. - December 14, 2022) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") announces that it has entered into an option agreement with an arms length vendor to acquire 100% of the Silver Peak South Lithium Project in Clayton Valley Nevada. The project consists of one contiguous block totaling approximately 1750 acres prospective for lithium. Management plans to commence work on this project early in 2023.
Jason Gigliotti, President of Sienna, states, "We are very pleased to enter into this agreement for this new lithium project. We are very focused on the Clayton Valley of Nevada as it is home to the only producing lithium deposit in North America and we are now one of the largest landholders in Clayton Valley. We expect to be very active in 2023 on these Clayton Valley lithium projects at a time when lithium demand and prices are near all time highs. 2023 is shaping up to be a very exciting time for Sienna and Sienna shareholders."
Terms of the agreement are as follows: $10,000 within 5 days of signing the agreement, $100,000 on or before 6 months after the signing of the agreement and $150,000 on or before 12 months after signing the agreement. Once these terms are executed, Sienna will retain 100% of the claims. This agreement is subject to all applicable approvals.