We are currently completing a Phase 2 geophysical survey and expect to drill this project in early 2022. Historic drill information and geophysical surveys suggest the claims cover basin-fill sediments and aquifers similar to the sediments currently producing lithium brines in the region. There is evidence that the extensive valley growth faults provide an adequate plumbing system to foster brine reservoir accumulation for moving fluids around.
Please give us an overview of your flagship Clayton Valley project in Nevada which is located directly south of the only lithium brine production operation in North America, Albemarle Corporation’s Silver Peak Lithium mine which has been in production since 1966.ĪCME Lithium owns, and is under option to acquire, a combined 100% interest in 122 claims totaling 2,440 acres in Clayton Valley. With Nevada’s long history in resource development, there is year-round access to expertise, infrastructure, rail and roads, power and water. Our projects in this lithium-rich region are in the right place to power the energy revolution. In fact, the heart of this region, Clayton Valley, is the only place in North America where lithium has been continuously extracted and produced since 1966. And in particular, the desert sands of Esmeralda County, Nevada – located halfway between Reno and Las Vegas. Stephen Hanson: Nevada is the epicenter of lithium exploration and development in the United States. Given Nevada’s potential for lithium mining, is it part of ACME Lithium’s strategic philosophy to have a strong footprint in the Silver State? Proactive: Nevada Governor Steve Sisolak has said he wants his state to become to energy what Wall Street is to finance, or what Silicon Valley is to technology.
A resource and alternative energy industry veteran, Hanson has an extensive track record of working on early-stage and development projects around the world. He has been involved in several successful M&A transactions including exit strategies with major corporations. With over 28 years of finance and corporate development experience across four continents, Hanson provides ACME with a direct line to financiers. “A massive tail wind is strongly behind us with the current administration’s new focus on securing a domestic supply of lithium,” ACME Lithium CEO and director Stephen Hanson commented as Proactive sat down with him to discover how the Vancouver, British Columbia-based company is advancing its projects and lithium exploration efforts. Working in the epicenter of lithium exploration and development in the US, ACME Lithium’s Clayton Valley and neighboring Fish Lake Valley projects are both in the highly prospective Clayton Valley region of Esmeralda County, in Nevada. are at the leading edge of efforts to build an American supply chain for the highly conductive, ultralight metal. However, US companies such as ACME Lithium Inc. China, with a huge chemical industry and low-cost labor market, unearths about 10% of global lithium but processes about two-thirds of it. Just about 1% of global lithium output is both mined and processed in the US.
US president Joe Biden signed an executive order in late February calling for a review of supply chains for critical materials, including lithium, a soft white metal that is crucial to energy and the electric car industry.
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