Arctic Fox Lithium Corp C.AFX

Arctic Fox Lithium Corp. is a junior mineral exploration company. The Company is focused on the acquisition and development of mineral properties containing battery, base and precious metals. The Company’s 2,756-hectare Pontax North Lithium Project (Pontax North) is located 12 kilometers (km) south of Allkem Ltd.’s (Allkem) James Bay Lithium Project and 12 km north of Stria Lithium Inc.’s Pontax Lithium Project, located in northern Quebec, approximately 130 km east of James Bay and the Cree Nation’s Eastmain community. Its 5,976-hectares Kana Lake Lithium Project is located 35 km north of the Fliszar lithium showing in the James Bay Region of Quebec. The 1,056-hectare Delta Lake Lithium project is located 55 km southeast of Allkem’s James Bay Lithium Project and 20 km north of Critical Elements Lithium Corp. (CEL) Rose Lithium Project located in northern Quebec. Its Spius Property comprises six mineral claims covering over 2,101 hectares located in Quesnellia Terrane, British Columbia.

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Arctic Fox Lithium Corp

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Post by MarketMakersson Dec 19, 2023 6:26pm

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Post# 35792750

Canada Mandates EV Sales After 2035

Amid Canada mandating all car sales after 2035 be electric vehicles, the lithium industry is on track for substantial growth as demand ramps up. With this in mind, domestic producers of lithium are incentivized to accelerate toward production to capitalize on this opportunity. (Source: https://nationalpost.com/news/politics/government-finalizes-rules-forcing-all-new-cars-to-be-electric-or-hybrid-by-2035)

Located amid this dynamic market, Canadian junior Arctic Fox Lithium (AFX.c) is on track to capitalize with three lithium projects located in Quebec's James Bay Lithium District. As detailed by President & CEO, Harry Chew, AFX recently wrapped its Phase 1 exploration program at all three projects: https://youtu.be/Xr0ziOpW9EM?si=wxPCrJVC-v_YU2Sq

The incoming assays are poised to strengthen AFX's position in the industry as, once received, the results will be used to plan for its second phase of exploration on these properties.

AFX's Delta Lake, Kana Lake and Pontax North Projects all have favourable regional geological settings, close proximity to LCT pegmatite occurrences and deposits, and the potential for LCT pegmatites with multiple preliminary targets already outlined.

Demonstrating their potential, AFX's Delta Lake and Pontax North Projects are both located in close proximity Allkem (AKE, 8.5B Market Cap) as well as Critical Elements Lithium (CRE, 359.35M Market Cap) Rose Property where excellent lithium grades were returned, identifying several lithium-tantalum pegmatite trends including two kilometre long trends hosting multiple lithium, caesium and tantalum anomalies.

Most notable, however, is AFX's Kana Lake which, situated the closest to Patriot Battery Metals (PMET, 1.30B mcap) Corvette Project and CV5 Pegmatite, has over 10 pegmatites including one substantial formation reaching over 500 meters and extending for over 2 kilometres, exhibiting substantial potential for new discoveries and growth.

On track to further delineate its resources, AFX could face a similar trajectory to the success that PMET experienced based on its proximity.

Latest News Release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3000-cse/afx/150984-arctic-fox-completes-successful-phase-1-exploration-program.html

Posted on behalf of Arctic Fox Lithium Corp.

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