US Critical Metals Corp. reports news on a U.S.-focused critical minerals exploration portfolio led by the McDermitt East Lithium Project in Nevada's McDermitt Caldera. Company updates commonly cover exploration planning, drilling services, permitting activity, ownership consolidation, option agreements and project-level transactions tied to lithium and other minerals used in energy and defense supply chains.
Additional recurring developments include field sampling and geologic results from the Long Canyon Vanadium-Uranium Project in Idaho, ownership updates for the Haynes Cobalt Project in the Idaho Cobalt Belt, and portfolio changes such as the sale of Sheep Creek participation rights. News also covers material agreements, equity consideration and governance-related corporate updates.
US Critical Metals (USCMF) appointed director James Hocking as Chief Executive Officer, succeeding Darren Collins, who will remain on the board. The appointment takes effect October 5, 2026.
Hocking has more than 20 years of resources-sector experience, with senior roles in equity capital markets, mergers and acquisitions, and commercial development. His experience includes seven years at BHP Group, where he led commercial initiatives supporting mining and infrastructure operations. Hocking said his focus will be on building long-term shareholder value while working with the board and team.
US Critical Metals (USCMF) appointed Terry Christopher to its board of directors, effective September 24, 2026.
Christopher has more than 30 years of mineral exploration experience across North and South America. He is president and CEO of Zonte Metals and has held technical positions with public mining companies. He has also served as a director of listed mineral exploration companies and holds a Ph.D. in geochemistry and geology. US Critical Metals has five discovery-focused projects in the United States covering lithium, uranium, cobalt and copper.
US Critical Metals (CSE: USCM, OTCQB: USCMF) has completed the acquisition of the Korn Kob Copper Project in Arizona via a July 10, 2026 Share Purchase Agreement with 1582577 B.C. and its shareholders. The company acquired the Target by issuing 15,025,000 common shares at $0.12 per share as consideration, all subject to a four‑month‑plus‑one‑day hold period.
The Property includes 146 unpatented lode claims over roughly 1,200 hectares in the Laramide copper belt, with 144 claims held through Bullock Canyon Project (US) and two under an exploration lease and option to purchase. Historical work comprises about 10,600 metres of reverse circulation drilling in 105 holes, with broad oxide and mixed copper intercepts such as 124.97 metres at 0.36% total copper and 80.77 metres at 0.52% total copper. US Critical Metals stresses these historical results are not current mineral resources or reserves and have not been verified by its qualified person.
Through the Target, the company obtains rights under the option agreement on two claims, historical exploration data, and related technical intellectual property. The board determined the share consideration through arm’s‑length negotiations, referencing the scale and cost of prior work, comparable copper transactions, and the project’s Arizona location. Replicating the historical drilling alone is estimated at over US$3 million. The project remains at the exploration stage on U.S. Forest Service land, with no mining permits or production facilities included. US Critical Metals plans to advance permitting, geological modelling and exploration planning to verify historical results and prioritize future drill targets.
US Critical Metals (OTCQB: USCMF) signed a Share Purchase Agreement on July 10, 2026 to acquire 100% of 1582577 B.C., which owns the Korn Kob copper property in Pima County, Arizona. Consideration totals 15,025,000 USCM shares issued at $0.12 per share, subject to Canadian Securities Exchange acceptance and customary conditions, with an outside closing date of October 22, 2026.
The Target, through its subsidiary, controls 146 unpatented lode claims (~1,200 hectares) and a two-year exclusive option (effective April 7, 2026) to purchase two additional claims for US$1.0 million (US$500,000 cash and US$500,000 in shares). Historical work includes 105 drillholes totaling 10,603 meters, with intercepts such as 124.97 m at 0.36% Cu and 80.77 m at 0.52% Cu. US Critical Metals plans to apply modern exploration, while emphasizing that historical data are not current resources and may not be confirmed.
US Critical Metals (OTCQB: USCMF) announced the appointment of James Hocking to its Board of Directors, effective immediately. Hocking has over 20 years of global resources experience in equity capital markets, M&A, and commercial development, including roles at BHP and South32.
He also founded a technology startup focused on equity capital markets innovation and is currently CEO of WestGold Metals. The company expects his commercial, operational, capital markets, and entrepreneurial background to support advancement of its U.S.-focused critical minerals portfolio.
US Critical Metals (OTCQB: USCMF) has contracted Envirotech Drilling for a 2026 RC drilling program at its McDermitt East lithium project, initially targeting ~1,000 meters (expandable) with average hole depths of 100–150 m and drill mobilization targeted for Q3 2026, subject to permitting.
Surface sampling returned anomalous lithium values up to ~2,129 ppm Li and permitting for drill pads and access will be submitted to the Bureau of Land Management.
US Critical Metals (OTCQB: USCMF) sold all rights under its July 25, 2022 agreement related to the Sheep Creek Project in exchange for US$1,000,000 cash and 500,000 shares of U.S. Critical Materials Corp., with Metals valuing the deal at an aggregate US$1,500,000.
The sale ends the company's option for further equity participation and joint-venture participation rights in Sheep Creek, while providing non-dilutive capital to prioritize majority-owned projects such as McDermitt East.
US Critical Metals (OTCQB:USCMF) summarized 2025 milestones and outlined 2026 plans for the McDermitt East lithium project in Nevada. Key 2025 items include an amended option giving USCM a clear path to 100% ownership of McDermitt East (currently 50% owner; remaining 50% purchasable for CAD $500,000 in cash or shares), completion of a 100% acquisition of Clayton Ridge, reported surface lithium values up to 2,129 ppm, and a closed private placement of $510,000. For 2026 the company plans geological mapping, surface sampling, and a maiden drill program at McDermitt East, plus extended investor marketing services up to USD $250,000.
US Critical Metals (OTCQB: USCMF) completed acquisition of an initial 50% interest in the McDermitt East Lithium Project and secured an exclusive option to acquire the remaining 50%, enabling ownership of 100% subject to a 2.0% NSR royalty (1.0% repurchaseable for CAD $1,000,000). Option consideration includes a CAD $25,000 cash payment within 6 months and a final CAD $500,000 payment (cash, shares, or combo) by 24 months.
Planned work includes data compilation, surface sampling, mapping, target prioritization and a maiden drill program; prior sampling returned up to 2,129 ppm Li.
US Critical Metals (CSE: USCM / OTCQB: USCMF) amended its McDermitt East option to acquire a 100% interest in the McDermitt East Lithium Project in the McDermitt Caldera.
Transaction terms: Payment I – C$25,000 cash and 1,283,000 common shares (deemed $0.30) within 10 business days; Payment II – C$25,000 cash within six months and up to C$500,000 paid in cash, shares, or combination within 24 months. Upon completion USCM will hold the project subject to a 2% NSR; USCM may repurchase 1% NSR for CAD $1,000,000. Amendment is subject to CSE approval. Previously reported sampling included up to 2,129 ppm lithium at the project.