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US Critical Metals Corp C.USCM

Alternate Symbol(s):  USCMF

Metals & Mining Industrial Metals & Minerals
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

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

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

Posted on Behalf of US Critical Metals Corp

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