Welcome to our dedicated page for Acme Lithium news (Ticker: ACLHF), a resource for investors and traders seeking the latest updates and insights on Acme Lithium stock.
The ACLHF news page tracks official announcements and exploration updates from ACME Lithium Inc., an exploration-stage company focused on battery metals and precious metals in North America. Company news releases describe work on lithium brine, lithium claystone, lithium pegmatite, and gold projects, as well as corporate developments such as a proposed name change to Surface Metals Inc. and a planned consolidation of its common shares.
Readers can follow detailed updates on ACME’s Clayton Valley lithium brine project in Esmeralda County, Nevada, where the company has reported an inferred lithium carbonate equivalent resource and filed a National Instrument 43-101 technical report. News items also cover option agreements, amendments, and exploration activities at the Fish Lake Valley lithium project, including arrangements with Eagle Battery Metals Corp. that outline staged payments, exploration expenditures, and royalty terms.
Coverage includes frequent exploration news from the Shatford Lake Lithium Project in southeastern Manitoba, where Snow Lake Resources Ltd. has an option to earn up to a 90% undivided interest. Releases describe multi-phase field programs, prospecting, discovery of pegmatites under overburden, assay work, and planned drilling, as well as the project’s location near the Tanco Mine in the Bird River Greenstone Belt.
Investors can also review announcements on ACME’s Cimarron Gold Project in Nye County, Nevada, including the purchase agreement for a majority interest in the lode mining claims and the project’s historic drilling and non-compliant resource. Additional news items highlight ACME’s participation in industry conferences and technical reporting milestones. This page provides a centralized view of ACLHF-related news for those tracking the company’s exploration progress and corporate changes.
ACME Lithium (OTCQB: ACLHF) has announced two major corporate changes: a 3:1 share consolidation and a name change to 'Surface Metals Inc.' The consolidation will reduce outstanding shares from 77,972,727 to approximately 25,990,909, with the new trading symbol changing to 'SUR'. The record date is set for April 28, 2025.
Additionally, the company recently signed an agreement to acquire a 90% interest in the Cimarron Gold Project in Nye County, Nevada. The project features 31 unpatented lode mining claims with significant historical drilling results, including high-grade intercepts of 11 meters of 4.46 g/t, 23 meters of 4.49 g/t, and 46 meters of 3.94 g/t gold. A historic non-compliant resource estimate indicates approximately 50,000 ounces of gold. The project is strategically located at the intersection of two prominent gold trends, near Kinross's Round Mountain mine.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) has announced that Eagle Battery Metals (EBM) has terminated its option to acquire an interest in ACME's Fish Lake Valley lithium project in Esmerelda County, Nevada. The termination was attributed to market conditions. This decision affects the previously announced option agreement detailed in the company's news releases from January 23, 2024, and June 14, 2024.
ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) has announced the successful completion of the 2024 field exploration season on the Shatford Lake Lithium Project in southeastern Manitoba, conducted by Snow Lake Resources (NASDAQ: LITM). Key highlights include:
1. Discovery of numerous pegmatites under heavy overburden
2. Significant discovery of a ~25-30-meter-wide tantalite-bearing pegmatite on the Cat-Euclid Lake claim block
3. Potential for lithium, cesium, tantalum mineralization north of the neighboring Tanco Mine
4. Further exploration, including drilling, expected by Snow Lake in 2025
The Shatford Lake Lithium Project comprises 37 mineral claims over three project areas, totaling approximately 17,000 acres. ACME has an option agreement with Snow Lake Energy, allowing Snow Lake to earn up to a 90% interest in the project by paying CAD$500,000 and incurring CAD$1,800,000 in exploration expenses over two years.
ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) has provided an update on the exploration program at its Shatford Lake lithium project in southeastern Manitoba. Snow Lake Energy (NASDAQ: LITM) is conducting a four-phase exploration program for 2024, with Phase 1 completed and Phase 2 underway. Initial prospecting has discovered numerous pegmatites under heavy overburden, with assay results showing potential for lithium.
The project comprises 37 mineral claims covering approximately 17,000 acres, with 31 claims contiguous to Sinomine 's Tanco Mine. Snow Lake has an option to earn up to a 90% interest in the project by paying CAD$500,000 and incurring CAD$1,800,000 in exploration expenditures over two years. Upon completion of a positive feasibility study, a joint venture will be formed for further development.
ACME Lithium will exhibit at the 16th Annual Fastmarkets Lithium Supply and Battery Raw Materials Conference from June 24-27, 2024 in Las Vegas. The event, organized by Fastmarkets, a trusted price reporting agency, is a major forum for the global lithium and battery raw materials sector. It will feature keynote speakers and participants from top producers to end users and supply chain experts. ACME Lithium, trading under the symbol ACLHF, will take this opportunity to showcase its developments in the lithium industry.
ACME Lithium announced an amendment to its option agreement with Eagle Battery Metals (EBM) for the Fish Lake Valley lithium project in Nevada. The amendment grants EBM extra time to make required payments and incur exploration costs. The project includes 207 lode mining claims over 4,139 acres. EBM can acquire a 100% interest in the project by paying a total of $1,495,000, issuing $3,300,000 worth of shares, and spending $500,000 on exploration within 12 months. EBM must follow a payment schedule, with specific payments tied to milestones such as US listing and production start. ACME retains a 1% Net Smelter Returns royalty, which EBM can buy down for $1,000,000 or $2,000,000 before production begins.
ACME Lithium and Snow Lake have kicked off the 2024 exploration program at the Shatford Lake Lithium Project in Manitoba. The program, designed with Critical Discoveries, consists of four phases. Phase 1, which involved compiling past exploration data, is complete. Phase 2 has now begun with a team of geologists and field technicians focusing on prospecting and mapping, uncovering two pegmatites so far. Next, Phase 3 will involve up to 2,000 meters of diamond drilling, and Phase 4 will compile and evaluate all data and results.
The Shatford Lake Project spans 17,000 acres and contains 37 mineral claims, with many pegmatites classified as Lithium-Cesium-Tantalum (LCT). Snow Lake Energy has an option to earn up to a 90% interest in the project by paying CAD $500,000 and spending CAD $1,800,000 on exploration over two years, leading to a potential joint venture.
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