Welcome to our dedicated page for Discovery Energy news (Ticker: DCLIF), a resource for investors and traders seeking the latest updates and insights on Discovery Energy stock.
Discovery Lithium Inc. (DCLIF) maintains this dedicated news hub for tracking developments across its North American mineral exploration projects. Investors and industry observers will find authoritative coverage of corporate announcements, lithium claim acquisitions, and exploration program updates from Quebec to Nevada.
This resource consolidates all essential updates including earnings reports, joint venture progress, and geological survey results. Our structured format enables quick scanning of material developments while maintaining technical accuracy regarding lithium-cesium-tantalum pegmatite exploration and strategic claim acquisitions.
Key content categories include operational updates from the Nunavik lithium projects, James Bay region developments, British Columbia joint ventures, and corporate governance announcements. Each update is presented with context about Discovery Lithium's systematic approach to mineral exploration and portfolio growth.
Bookmark this page for streamlined access to verified information about Discovery Lithium's exploration methodologies, land position expansions, and partnership developments. Check regularly for new insights into the company's role in advancing North America's critical mineral supply chain.
Discovery Lithium Inc. (CSE:DCLI, OTCQB:DCLIF) has appointed Mike Hodge as its new President and CEO, effective July 18, 2024. Hodge, a seasoned executive with over 20 years of experience in mining exploration and development, was previously a Director at the company. He replaces Michael Gheyle, who resigned from his positions as CEO, President, and director on July 17, 2024.
Hodge's extensive background includes leadership roles from field operations to the boardroom, with a focus on strategic growth and sustainable practices. His appointment is expected to drive innovation and excellence in Discovery Lithium's operations, particularly in advancing domestic energy freedom through regional lithium discovery.
Discovery Lithium Inc. (CSE:DCLI)(OTCQB:DCLIF) has entered into a definitive agreement to acquire the Grove Lake and Whitefish Lake mining claims in Northwestern Ontario. The acquisition includes 2,923 mineral claims covering approximately 61,093 hectares (~150,964 acres), located about 350 km northwest of Thunder Bay. The purchase terms involve a cash payment of $432,778.50 within 180 days of closing and the issuance of 2,000,000 common shares to the vendor, Zimtu Capital Corp. Additionally, Discovery Lithium will grant a 1% net smelter returns royalty to the vendor upon achieving commercial production. The completion of the acquisition is subject to CSE acceptance, and the issued shares will have a four-month hold period.
Discovery Lithium announced its upcoming 2024 exploration program in Quebec.
The company has contracted Dahrouge Geological Consulting to evaluate newly optioned West James Bay properties, focusing on Lithium-Caesium-Tantalum pegmatite potential.
Properties include Mantle, Cirrus East, Cirrus West, Neptune, Alto, Opus, and Bruce Lake, each with strategic locations near recent lithium discoveries.
This assessment will include data compilation, surface exploration, and advanced techniques like airborne magnetic surveys and LiDAR.
Additionally, Colton Griffith has joined the board of directors, replacing Ryan Arthur.
Discovery Lithium has entered into an Earn-In Option Agreement with Apex Critical Metals and DG Resource Management to acquire an 80% interest in the West James Bay property portfolio in Quebec. This portfolio includes seven lithium projects: Mantle, Cirrus East, Cirrus West, Neptune, Alto, Opus, and Bruce Lake. These projects are strategically located in the James Bay region, known for its high-grade lithium spodumene deposits.
The company will issue 5 million shares and incur a minimum expenditure of $1 million within six months to maintain the option. Discovery Lithium's CEO, Michael Gheyle, emphasized the strategic importance of these assets in advancing domestic energy through regional lithium discovery.
Key projects include the Mantle and Bruce Lake projects, located near significant lithium discoveries, and the Cirrus East project, situated close to newly discovered spodumene-bearing pegmatites. The agreement aims to strengthen Discovery Lithium's presence in one of North America's most prospective lithium regions.
Discovery Lithium announces a non-brokered private placement to raise up to $1,000,000 by issuing 6,666,667 units at $0.15 per unit. Each unit includes one common share and one share purchase warrant, exercisable at $0.20 within 24 months. Funds will be used for general corporate purposes and working capital. The offering is contingent on regulatory approvals, and potential finder's fees may apply. Securities will have a statutory hold period of four months and one day.
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