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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 in the United States. Its assets consist of five agreements, each providing the Company with the right to acquire interest in six discovery focused projects in the United States. Its exploration projects include the Clayton Ridge Property, consisting of 180 unpatented mining claims, located in Nevada; the Haynes Cobalt Property, consisting of 23 lode claims, located in Idaho; the Sheep Creek Rare Earth Project, consisting of 223 lode claims, located in Montana; the Lemhi Pass Rare Earth Project, consisting of 10 lode claims, located in Idaho; the Long Canyon Uranium and Vanadium Property, consisting of 25 contiguous unpatented mining claims and two non-contiguous unpatented mining claims, located in Idaho, and the McDermitt Lithium Property which spans 6,508 acres of Bureau of Land Management (BLM) claims with a preliminary surface sample of 1,907 ppm lithium (collectively the Properties).


CSE:USCM - Post by User

Post by StockHawk1on Oct 11, 2023 6:43pm
207 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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