Acme Lithium Stock Price, News & Analysis

ACLHF is the OTCQB symbol for ACME Lithium Inc., a mineral exploration company that has announced a planned name change to Surface Metals Inc. and a change of trading symbol to SUR on the Canadian Securities Exchange, subject to confirmation from the exchange. According to the company, it is focused on acquiring, exploring, and developing battery metal and precious metal projects in North America, with an emphasis on lithium and gold exploration. ACME Lithium describes itself as working in partnership with technology and commodity companies to advance these mineral projects.

ACME Lithium is active in several project areas in the United States and Canada. In Nevada, the company has a Clayton Valley lithium brine project in Esmeralda County. The company reports that this project is contiguous to the northwest of Albemarle Corporation's Silver Peak lithium deposit and facility, which has been in production for many years. ACME has filed a National Instrument 43-101 technical report for the Clayton Valley project that includes a maiden lithium carbonate equivalent resource estimate over a multi-decade extraction period, based on work completed by independent qualified persons and technical consultants.

The company also has interests in the Fish Lake Valley lithium project in Esmeralda County, Nevada. ACME has entered into option agreements with third parties, including Eagle Battery Metals Corp., relating to the potential acquisition of interests in Fish Lake Valley. The project is described as a lithium claystone opportunity comprised of lode mining claims, with a property position that neighbors other lithium-focused projects in the region. ACME has disclosed that option terms include staged cash payments, share issuances, exploration expenditures, and a potential net smelter return royalty, as well as provisions for the purchase of that royalty.

In Canada, ACME Lithium is associated with the Shatford Lake Lithium Project in southeastern Manitoba, which includes mineral claims at Shatford Lake, Birse Lake, and Cat-Euclid Lake. The project area is located in the Bird River Greenstone Belt, a region that hosts numerous pegmatite bodies, many of which are classified as Lithium-Cesium-Tantalum (LCT) pegmatites. The company states that a significant portion of the Shatford Lake mineral claims are contiguous to the south of the Tanco Mine, a long-standing producer of tantalum, cesium, and lithium in Manitoba operated by Tantalum Mining Corporation of Canada Ltd., a subsidiary of Sinomine (Hong Kong) Rare Metals Resource Co.

ACME has entered into an option agreement with Snow Lake Resources Ltd., d/b/a Snow Lake Energy, under which Snow Lake may earn up to a 90% undivided interest in the Shatford Lake Lithium Project by making cash payments and incurring exploration and development expenditures over a defined period. The agreement contemplates a potential joint venture between Snow Lake and ACME if Snow Lake earns its interest and completes a positive feasibility study. Exploration programs at Shatford Lake designed by Snow Lake and its technical partners have included multi-phase field work, prospecting, mapping, drilling plans, and the discovery of multiple pegmatites under overburden.

Beyond lithium, ACME has disclosed a planned focus on precious metals through the Cimarron Gold Project in Nye County, Nevada. The company announced a purchase agreement for a 90% interest in 31 unpatented lode mining claims comprising the Cimarron Gold Project from Crestview Exploration Inc. The project is located in the historic San Antonio (Cimarron) Mining District at the north end of the San Antonio Mountains, near historic mine workings and existing infrastructure. ACME describes the project as a high-grade, highly prospective exploration opportunity with a historic, non-NI 43-101 compliant gold resource and a second target area with mineralized drill intercepts that remain open in several directions.

According to company disclosures, the Cimarron Gold Project includes an extensive historic record of drill results with high-grade intercepts and a historic gold resource starting at surface. The project is characterized as a shallow, low-sulfidation oxide gold system with strong structural control, and includes drill-ready targets subject to permitting. ACME has stated that it will retain its existing lithium property interests for future development while focusing in the near term on advancing the Cimarron Gold Project.

Across its portfolio, ACME Lithium emphasizes exploration-stage activities rather than operating mines. The company highlights work such as drilling, geophysical and geochemical surveys, hydrological evaluations, resource estimates, and multi-phase field programs carried out by internal teams and external technical consultants. It also notes that its projects are located near or adjacent to other established mining operations and deposits, which provide regional context and additional data for exploration planning, though the company cautions that proximity to other projects does not guarantee exploration success or the definition of mineral resources or reserves on its own properties.

ACME Lithium’s public communications frequently reference National Instrument 43-101 standards for disclosure of scientific and technical information on mineral projects, and identify qualified persons who have reviewed and approved technical content. The company also notes the conceptual nature of exploration targets and the uncertainty that resources, if delineated, will be economic or sufficient to support commercial mining operations. Investors reviewing ACLHF and related securities can use these disclosures to understand the exploration status, technical work completed, and the early-stage nature of the company’s lithium and gold projects.

Business focus and project areas

Based on its news releases, ACME Lithium’s business activities center on:

• Lithium brine exploration at the Clayton Valley project in Nevada, including drilling, aquifer testing, hydrological modeling, and the preparation of a maiden lithium carbonate equivalent resource estimate.
• Lithium claystone exploration at the Fish Lake Valley project in Esmeralda County, Nevada, where the company has granted an option to Eagle Battery Metals Corp. to acquire a 100% undivided interest in certain mineral claims, subject to a retained royalty.
• Lithium pegmatite exploration at the Shatford Lake, Birse Lake, and Cat-Euclid Lake claim blocks in southeastern Manitoba, with Snow Lake Resources Ltd. having an option to earn up to a 90% undivided interest through staged expenditures and payments.
• Gold exploration at the Cimarron Gold Project in Nye County, Nevada, a high-grade exploration opportunity with historic drilling and a historic, non-compliant resource estimate, where ACME has agreed to acquire a majority interest in the lode mining claims.

In its descriptions, the company emphasizes partnerships and option structures with other exploration and development companies, indicating a model where ACME can advance projects through collaboration, shared technical programs, and potential joint ventures once certain milestones are met.

Ticker, name change and corporate evolution

ACLHF represents ACME Lithium Inc. on the OTCQB market. On the Canadian Securities Exchange, the company has stated that it trades under the symbol ACME. In an April 2025 news release, ACME announced a proposed consolidation of its common shares on a three-for-one basis and a concurrent change of name to Surface Metals Inc., with an anticipated change of the Canadian trading symbol to SUR, subject to confirmation from the Canadian Securities Exchange. The company also disclosed that the CUSIP and ISIN identifiers for its common shares would change in connection with this consolidation and name change.

The consolidation is intended to reduce the number of issued and outstanding common shares while proportionately adjusting the exercise or conversion terms of outstanding convertible securities. The company has described the corporate approvals for the consolidation and name change as having been provided by its board of directors in accordance with applicable corporate legislation and its constating documents. Shareholders holding shares through intermediaries are advised in the company’s disclosure that intermediaries may have their own procedures for processing the consolidation.

Regulatory and technical disclosure

ACME Lithium’s public communications highlight compliance with applicable securities regulations for mineral project disclosure. The company references NI 43-101 technical reports for its Clayton Valley lithium brine project, including resource estimates prepared by independent qualified persons. It also notes that mineral resources are not mineral reserves and do not have demonstrated economic viability, and that exploration targets are conceptual in nature. The company’s news releases include cautionary language about forward-looking statements and the uncertainties inherent in exploration, resource estimation, and potential future development.

For investors and researchers, ACLHF and its related disclosures provide insight into an exploration-focused company with lithium brine, lithium claystone, lithium pegmatite, and gold projects in North America, using option agreements, technical partnerships, and staged exploration programs to advance its portfolio.