USCM Announces Extension of Option Agreement for McDermitt East Lithium Project Amid Government Interest in Thacker Pass
US Critical Metals (OTCQB:USCMF) has secured a six-month extension for its option agreement on the McDermitt East Lithium Project in Nevada. The agreement allows USCM to acquire up to a 75% interest in the project, with an initial option for 50% and an additional option for 25%.
As consideration, USCM will issue 167,000 common shares to Live Energy Minerals Corp. at a deemed value of $0.30 per share. The development coincides with the Trump administration's interest in U.S. lithium production, particularly regarding potential equity stake acquisition in the nearby Thacker Pass project.
The McDermitt East Project, located within the McDermitt Caldera, has shown promising results with sampling of up to 2,129 ppm lithium. The project is situated in one of the largest sources of lithium clays globally, formed approximately 16.3 million years ago.
US Critical Metals (OTCQB:USCMF) ha ottenuto una estensione di sei mesi per l'accordo di opzione sul Progetto di Litio McDermitt East in Nevada. L'accordo consente a USCM di acquisire fino a un 75% di interesse nel progetto, con una opzione iniziale per il 50% e una ulteriore opzione per il 25%.
In cambio, USCM emetterà 167.000 azioni ordinarie a Live Energy Minerals Corp. a una valutazione ritenuta di $0,30 per azione. Lo sviluppo coincide con l'interesse dell'amministrazione Trump per la produzione di litio negli Stati Uniti, in particolare per quanto riguarda potenziali acquisizioni di partecipazioni nel vicino progetto Thacker Pass.
Il McDermitt East Project, situato all'interno della McDermitt Caldera, ha mostrato risultati promettenti con campionamenti fino a 2.129 ppm di litio. Il progetto si trova in una delle più grandi fonti di argille di litio al mondo, formata circa 16,3 milioni di anni fa.
US Critical Metals (OTCQB:USCMF) ha obtenido una extensión de seis meses para su acuerdo de opción sobre el Proyecto de Litio McDermitt East en Nevada. El acuerdo permite a USCM adquirir hasta un 75% de interés en el proyecto, con una opción inicial del 50% y una opción adicional del 25%.
Como contrapartida, USCM emitirá 167.000 acciones comunes a Live Energy Minerals Corp. a un valor nominal de $0,30 por acción. El desarrollo coincide con el interés de la administración Trump en la producción de litio de EE. UU., particularmente en relación con una posible participación accionaria en el cercano proyecto Thacker Pass.
El Proyecto McDermitt East, ubicado dentro de la Caldera de McDermitt, ha mostrado resultados prometedores con muestreos de hasta 2,129 ppm de litio. El proyecto se encuentra en una de las mayores fuentes de arcillas de litio a nivel mundial, formada hace aproximadamente 16,3 millones de años.
US Critical Metals (OTCQB:USCMF)가 네바다주에 있는 McDermitt East Lithium Project에 대한 옵션 계약의 6개월 연장을 확보했습니다. 이 계약은 USCM이 프로젝트에서 최대 75%의 지분을 취득할 수 있도록 하며, 초기 옵션으로 50%, 추가 옵션으로 25%를 제공합니다.
대가로 USCM은 Live Energy Minerals Corp.에 167,000주의 보통주를 주당 $0.30의 평가가치로 발행합니다. 이 개발은 트럼프 행정부의 미국 내 리튬 생산 관심과 함께 진행되며, 특히 인근 Thacker Pass 프로젝트에서의 잠재적 지분 취득에 대한 관심과 관련이 있습니다.
McDermitt East 프로젝트는 McDermitt 칼데라 내에 위치하며, 최대 2,129 ppm 리튬 샘플링 결과를 보였습니다. 이 프로젝트는 전 세계에서 가장 큰 리튬 점토 자원 중 하나에 위치해 있으며, 약 1630만 년 전 형성되었습니다.
US Critical Metals (OTCQB:USCMF) a obtenu une extension de six mois pour son accord d’option sur le projet lithium McDermitt East dans le Nevada. L’accord permet à USCM d’acquérir jusqu’à 75% de participation dans le projet, avec une option initiale de 50% et une option supplémentaire de 25%.
En contrepartie, USCM émettra 167 000 actions ordinaires à Live Energy Minerals Corp. à une valeur présumée de $0,30 par action. Le développement coïncide avec l’intérêt de l’administration Trump pour la production de lithium aux États‑Unis, notamment en ce qui concerne une éventuelle prise de participation dans le projet voisin Thacker Pass.
Le McDermitt East Project, situé dans la caldeira de McDermitt, a montré des résultats prometteurs avec des échantillonnages allant jusqu’à 2 129 ppm de lithium. Le projet se trouve dans l’une des plus grandes sources d’argiles au lithium au monde, formée il y a environ 16,3 millions d’années.
US Critical Metals (OTCQB:USCMF) hat eine sechsmonatige Verlängerung für seine Optionsvereinbarung zum McDermitt East Lithium Project in Nevada gesichert. Die Vereinbarung ermöglicht USCM, bis zu 75% Beteiligung am Projekt zu erwerben, mit einer anfänglichen Option von 50% und einer zusätzlichen Option von 25%.
Als Gegenleistung wird USCM 167.000 Stammaktien an Live Energy Minerals Corp. zu einem geschätzten Wert von $0,30 pro Aktie ausgeben. Die Entwicklung fällt mit dem Interesse der Trump-Verwaltung an einer Lithiumproduktion in den USA zusammen, insbesondere hinsichtlich eines möglichen Beteiligungserwerbs am nahe gelegenen Thacker Pass-Projekt.
Das McDermitt East Project, das sich innerhalb der McDermitt-Caldera befindet, hat vielversprechende Ergebnisse mit Proben von bis zu 2.129 ppm Lithium gezeigt. Das Projekt liegt in einer der größten Quellen von Lithium-Ton weltweit, die vor ca. 16,3 Millionen Jahren entstanden ist.
US Critical Metals (OTCQB:USCMF) قد حصلت على تمديد لمدة ستة أشهر لاتفاق خيارها حول مشروع ليثيوم ماكديرميت East في نيفادا. يسمح الاتفاق لـ USCM بالاستحواذ على حتى 75% من المصالح في المشروع، مع خيار مبدئي لـ 50% وخيار إضافي لـ 25%.
كقيمة مقابل ذلك، ستصدر USCM 167,000 سهماً عائداً إلى Live Energy Minerals Corp. بقيمة محددة قدرها $0.30 للسهم. يتزامن التطوير مع اهتمام إدارة ترامب بإنتاج الليثيوم في الولايات المتحدة، لا سيما فيما يتعلق باحتمال الاستحواذ على حصة رأس مال في مشروع Thacker Pass القريب.
مشروع McDermitt East، الواقع ضمن كالديرا McDermitt، أظهر نتائج واعدة مع عينات تصل إلى 2,129 ppm من الليثيوم. يقع المشروع في إحدى أكبر مصادر طين الليثيوم في العالم، وقد تشكل قبل حوالي 16.3 مليون سنة.
US Critical Metals (OTCQB:USCMF) 已获得其位于内华达州的 McDermitt East Lithium Project 的期权协议六个月延期。该协议允许 USCM 在该项目中最多获得 75% 的权益，初始选项为 50%，另一个选项为 25%。
作为对价，USCM 将向 Live Energy Minerals Corp. 发行 167,000 股普通股，按每股 $0.30 的评估值 进行估值。该开发与特朗普政府对美国锂生产的兴趣相吻合，尤其是关于在邻近的 Thacker Pass 项目中的潜在股权取得。
McDermitt East 项目位于 McDermitt 卡尔德拉内，样品中显示出有希望的结果，最高达到 2,129 ppm 锂。该项目位于全球最大的锂粘土资源之一，形成于约 1630 万年前。
- Previous sampling results showed significant lithium content of up to 2,129 ppm
- Strategic location within McDermitt Caldera, one of the largest lithium clay sources globally
- Option to acquire up to 75% interest in the project
- Increased government interest in the region through potential Thacker Pass investment
- Additional share issuance of 167,000 shares causing dilution
- Extension required due to unfulfilled obligations from second year anniversary
- Closing of extension still subject to CSE approval
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company") is pleased to announce that it has received a six-month extension (the "Extension") to satisfy its obligations that were due on the second year anniversary of the Option and Exploration Agreement (the "Agreement") for the McDermitt Lithium East Project ("McDermitt East" or the "Project"), located on the eastern margin of the McDermitt Caldera in Nevada. The Agreement provides the Company with the option to acquire up to a
This development comes as the Trump administration has signaled strong federal backing for U.S. lithium production, including discussions to acquire an equity stake in Lithium Americas as part of loan revisions to support the Thacker Pass project-the largest known lithium deposit in North America.1
USCM previously reported sampling results of up to 2,129 ppm lithium at McDermitt East, underscoring the Project's potential as part of a strategically vital U.S. lithium district (reference full press release, here).
Darren Collins, CEO of USCM, commented: "The extension for McDermitt East ensures we maintain a strong foothold in one of the most prospective lithium regions in the U.S. In addition, the U.S. federal interest in Thacker Pass validates the significance of this district, and we believe our asset positions will deliver meaningful long-term value for shareholders."
Project Overview
The Project is located within the McDermitt Caldera, an extinct 40×30 km super-volcano formed approximately 16.3 million years ago (Ma) as part of a hotspot currently underneath the Yellowstone Plateau. Following an initial eruption and concurrent collapse of the McDermitt Caldera, a large lake formed in the caldera basin. This lake water was extremely enriched in lithium and resulted in the accumulation of lithium-rich clays.
Late volcanic activity uplifted the caldera, draining the lake and bringing the lithium-rich moat sediments to the surface resulting in the near-surface lithium present on the Project. The McDermitt Caldera is potentially one of the largest sources of lithium clays in the world and hosts some of the largest lithium deposits in the USA including the Tacker Pass project in the south portion of the Caldera.
LIVE completed a technical report in accordance with National Instrument 43-101 on the Project entitled "43-101 Technical Report on McDermitt Lithium East Property prepared by John Michael William Collins, P. Geo.," effective date December 16, 2022" (the "Technical Report") which indicates high potential for the project to host large amounts of lithium bearing sediments. The Technical Report can be found under LIVE's SEDAR+ profile at www.sedarplus.ca.
Source
(1) Scheyder, E., & Renshaw, J. (2025, September 23). Trump administration seeks equity stake in Lithium Americas amid loan talks. Reuters. https://www.reuters.com/business/autos-transportation/trump-administration-seeks-equity-stake-lithium-americas-amid-loan-talks-2025-09-23/
Qualified Person
The scientific and technical information contained in this news release has been reviewed and approved by Robert J. Johansing, BSC. geology, MSc economic geology, who is a qualified person as defined in NI 43-101. Mr. Johansing is a consultant of the Company.
About US Critical Metals Corp.
USCM is focused on mining projects that will further secure the U.S. supply of critical metals and rare earth elements, which are essential to fueling the new age economy. Pursuant to option agreements with private Canadian and American companies, USCM's assets consist of three agreements, each providing USCM with the right to acquire interests in four discovery focused projects in the U.S. These projects include the Clayton Ridge Lithium Property located in Nevada, the Haynes Cobalt Property located in Idaho, the Sheep Creek located in Montana, and Lemhi Pass located in Idaho. A significant percentage of the world's critical metal and rare earth supply comes from nations with interests that are contrary to those of the U.S. USCM intends to explore and develop critical metals and rare earth assets with near- and long-term strategic value to the advancement of U.S. interests.
For further information please contact:
Darren Collins
Chief Executive Officer & Director
Telephone: +1 (786) 633-1756
Email: dcollins@uscmcorp.com
Neither the Canadian Securities Exchange nor the Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This news release contains certain information that may be deemed "forward-looking information" with respect to USCM within the meaning of applicable securities laws. Such forward-looking information involves known and unknown risks, uncertainties and other factors that may cause USCM's actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking information. Forward-looking information includes statements that are not historical facts and are generally, but not always, identified by the words "expects", "plans", "anticipates", "believes", "intends", "estimates", "projects", "potential" and similar expressions, or that events or conditions "will", "would", "may", "could" or "should" occur. Forward-looking information contained in this press release may include, without limitation, closing of the Extension and issuance of the related shares, acceptance of the CSE of the Extension, exploration plans and expected exploration and drilling results at the McDermitt East, results of operations, and the expected financial performance of the Company. Although USCM believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by its nature, forward-looking information involves assumptions and known and unknown risks, uncertainties and other factors which may cause our actual results, level of activity, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.
Examples of such assumptions, risks and uncertainties include, without limitation, assumptions, risks and uncertainties associated with general economic conditions; adverse industry events; the receipt of required regulatory approvals and the timing of such approvals; that USCM maintains good relationships with the communities in which it operates or proposes to operate; future legislative and regulatory developments in the mining sector; USCM's ability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; mining industry and markets in Canada and generally; the ability of USCM to implement its business strategies; competition; the risk that any of the assumptions prove not to be valid or reliable, which could result in delays, or cessation in planned work; risks associated with the interpretation of data, the geology, grade and continuity of mineral deposits; the possibility that results will not be consistent with USCM's expectations; as well as other assumptions, risks and uncertainties applicable to mineral exploration and development activities and to USCM, including as set forth in the USCM's public disclosure documents filed on the SEDAR+ website at www.sedarplus.ca.
The forward-looking information contained in this press release represents the expectations of USCM as of the date of this press release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While USCM may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/267862
FAQ
What is the new extension terms for USCMF's McDermitt East Lithium Project?
How much interest can USCMF acquire in the McDermitt East Lithium Project?
What are the key lithium findings at USCMF's McDermitt East Project?
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Where is the McDermitt East Lithium Project located and what are its geological characteristics?
