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Metallica Metals Completes EM Survey and Announces Drilling
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RETRANSMISSION: Spearmint Achieves 83% Lithium Extraction from | The Kingston Whig Standard
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Vancouver, British Columbia (Newsfile Corp. - May 14, 2021) -
Spearmint Resources Inc. (CSE: SPMT) (OTC Pink: SPMTF) (FSE: A2AHL5) (the Company) is very pleased to announce that it has received preliminary metallurgical testing results on its 100%-owned Clayton Valley Lithium Clay Project in Nevada. The Company recently completed a 10-hole drill program that discovered lithium in every hole, achieving a 100%-success rate, directly bordering Cypress Development Corp. Preliminary metallurgical results from McClelland Laboratories Inc. of Sparks, Nevada indicate that high extractions can be achieved by leaching with either sulfuric acid or hydrochloric acid. Preliminary results from a composite claystone sample indicate lithium extractions of 80% with a sulfuric acid addition of 500 kg/mt and 83% with a hydrochloric acid addition of 375 kg/mt. Further testing is being planned to optimize leaching conditions.
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THUNDER BAY, ON, May 11, 2021 /PRNewswire/ -
Clean Air Metals Inc. ( Clean Air Metals or the Company ) (TSXV: AIR) (OTCQB: CLRMF) (FRA: CKU) is pleased to announce completion of a C$1.5 million installment payment to Panoramic Resources Limited (PAN: ASX) of Australia.
The Company acquired a 100% interest in the Current Lake Pt-Pd-Rh-Cu-Ni magma conduit deposit from Panoramic Resources for C$9 million, with a $4.5 million down payment under a security interest on May 14, 2020 as previously reported. The transaction included the sale of a 100% interest in Canadian subsidiary Panoramic PGMs (Canada) Ltd. directly to Clean Air Metals under the option with Benton Resources Inc. (BEX: TSXV). Panoramic PGMs (Canada) Ltd., now a wholly-owned subsidiary of Clean Air Metals, in turn owns 100% of the Current Lake deposit. Two equal payments totaling C$3 million remain for May, 2022 and May, 2023. The security obligation may be retired in advance by payment in full at
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