Barrel Energy Provides Shareholder Update
Rhea-AI Summary
On August 24, 2022, Barrel Energy Inc. (OTC Markets: BRLL) announced the discovery of a significant Lithium-in-brine field in former oil-producing formations across the southcentral United States. Over the past year, the company has been exploring potential lithium-rich areas and has identified high-level lithium potential in oil and gas field brine waters. Chairman Harp Sangha expressed confidence in the discovery and plans to pursue resource acquisition. Barrel Energy focuses on green energy and battery minerals, aiming to advance valuable production opportunities in North America and abroad.
Positive
- Discovery of a large Lithium-in-brine field in southcentral U.S.
- Identification of high-level lithium potential within oil and gas field brine waters.
- Plans to pursue acquisition of identified lithium resources.
- Focus on green energy and battery minerals sector.
Negative
- None.
News Market Reaction – BRLL
On the day this news was published, BRLL declined 5.83%, reflecting a notable negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Las Vegas, NV., Aug. 24, 2022 (GLOBE NEWSWIRE) -- Barrel Energy Inc., (OTC Markets: BRLL) (the “Company” or “Barrel”) is pleased to announce it has discovered a large Lithium-in-brine field that occurs in former oil producing formations that span several counties within the southcentral United States.
Over the last 12 months Barrel has been systematically examining new areas of Lithium exploration potential. We’ve examined the geologic potential of several projects in Nevada, various pegmatite bodies in India and Quebec, as well as number of oil field and geothermal field brine waters.
After a review of numerous well logs, published data, scientific papers and as well as direct communication with project holders, Barrel has uncovered areas of high-level lithium potential within the oil and gas field brine waters of formations located in the southcentral U.S.
Chairman Harp Sangha states, “We believe we have discovered a very large lithium deposit within the area of interest and pursuing the acquisition of these resources.”
Please visit our new website www.barrel.energy and our twitter www.twitter.com/barrelenergy for more updates.
About Barrel: Barrel Energy Inc., (OTC Markets: BRLL) is focused on several ventures within the green energy and battery minerals sector and the rapid development of valuable production opportunities throughout North America and abroad. The company holds important joint venture agreements to advance technologies and processes for Electric Vehicle batteries.
Contact: Harp Sangha/Chairman
+17025952247/sanghaharp1964@gmail.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Security and Exchange Commission.
