POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB:
PWRLF) (“POWR” or the “Company”), a mineral exploration and
development company focused on American lithium deposits to support
domestic demand, is pleased to provide the following summary of
their recently held special investor call.
Highlights:
- POWR’s Halo property sits between
two documented lithium resources held by American Battery
Technology and American Lithium.
- Results of POWR’s Phase 1 drilling
show a likely continuation of similar geology across all three
properties.
- POWR targets demonstrating an
inaugural resource with upcoming Phase 2 drill program, hopeful the
results will make Halo an attractive acquisition target.
“POWR Lithium is centered between two
well-established companies, American Battery Technology and
American Lithium, both of which have documented resources that
extend up to our property line. Our previously announced discovery
shows a likely continuation of similar geology across all three
properties.” notes POWR CEO Matt Chatterton.
POWR’s Halo Project, consisting of ninety-eight
mineral claims located in Nevada’s Esmeralda and Nye Counties is
considered prospective for claystone-hosted lithium mineralization.
Optimistic announcements regarding exploration and development on
adjacent properties to the north (American Lithium) and west
(American Battery Technology) of the Halo Project have fueled
enthusiasm for regional lithium exploration activities in the area
and may encourage further opportunities for consolidation and
further development in the region.
As previously reported in a December 22, 2023
news release, specifically regarding results from the Company’s
inaugural drill campaign, the preliminary basis for a regional
mineralization trend was noted as “These greater sediment
thicknesses are consistent with results reported by both American
Lithium and American Battery Technology located to the north and
west, respectively.”
“We view the neighbor’s resource announcements
for the Tonopah Flats projects with interest and enthusiasm for the
entire region. It underscores the strategic significance for all
the key players actively working to strengthen their position in
the area. POWR is in an appealing position, with our recent
discovery extending the lithium trend,” advises POWR Lithium CEO
Matt Chatterton.
POWR looks forward to continuing to advance the
Halo Project with a further phase of exploratory drilling, with a
view to establishing an inaugural resource on the Project. Once a
resource is established on the property, the Company is hopeful
that it will contribute to additional value for shareholders and
ultimately encourage long-term development or make us an attractive
acquisition target.
Management cautions that while discoveries and
observations on properties adjacent to the Halo Project are
encouraging, there can be no certainty that similar mineralization
or geology will be encountered on the Halo Project.
Qualified PersonThe technical
data in this news release have been reviewed by Robert Johansing,
MSc, PGeol (MMSA No. 01520QP), a qualified person for the purposes
of National Instrument 43-101.
On Behalf of The Board of Directors,
Sincerely,
~Matt Chatterton~
Matt ChattertonChief Executive Officer &
DirectorPOWR Lithium Corp.www.powrlithium.com
About POWR Lithium Corp. (CSE:
POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF)POWR Lithium is an
exploration and development company dedicated to the advancement of
North American lithium deposits to support domestic demand. The
Company holds interests on the Halo and Eli properties in Nevada.
The Company is also focusing on the development of claystone
extraction and processing technologies aimed at delivering scalable
efficiencies across the value chain in a sustainable manner. To
find out more visit www.powrlithium.com and watch our video.
POWR Lithium advises the public that as part of
its disclosure obligations as a public issuer, all material and
regulatory filings can be found on www.sedarplus.com. We also
invite the public to visit our website at www.powrlithium.com and
to sign up to our “news alerts” to be advised of future news
releases and related company information. Please also ensure you
watch our video which is now available on the website.
Forward Looking Information
Disclaimer
This news release contains statements and
information that, to the extent that they are not historical fact,
may constitute “forward-looking information” within the meaning of
applicable securities legislation. Forward-looking information may
include financial and other projections, as well as statements
regarding future plans, objectives, or economic performance, or the
assumption underlying any of the foregoing. In some cases,
forward-looking statements can be identified by terms such as
“may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”,
“believe”, “intend”, “plan”, “forecast”, “project”, “estimate”,
“outlook”, or the negative thereof or other similar expressions
concerning matters that are not historical facts. Examples of such
statements include, but are not limited to, statements with respect
to the Company developing the Halo property and contributing to the
growth of the lithium supply chain.
Forward-looking information is based on the
assumptions, estimates, analysis, and opinions of management made
in light of its experience and its perception of trends, current
conditions and expected developments, as well as other factors that
management believes to be relevant and reasonable in the
circumstances at the date that such statements are made, but which
may prove to be incorrect. The material factors and assumptions
used to develop the forward-looking information contained in this
news release include, but are not limited to, key personnel and
qualified employees continuing their involvement with the Company;
the Company’s ability to secure additional financing on reasonable
terms; the competitive conditions of the sector in which the
Company operates; and laws and any amendments thereto applicable to
the Company.
Forward-looking information involves known and
unknown risks, uncertainties and other factors that may cause the
actual results, performance or achievements of the Company to
differ materially from any future results, performance or
achievements expressed or implied by the forward-looking
information, including, without limitation, risks relating to the
future business plans of the Company; risks that the Company will
not be able to retain its key personnel; risks that the Company
will not be able to secure financing on reasonable terms or at all,
as well as all of the other risks as described in the Company’s
annual Management Discussion and Analysis dated December 18, 2023,
under the heading “Risks Factors.” Accordingly, readers should not
place undue reliance on any such forward-looking information.
Further, any forward-looking information speaks only as of the date
on which such statement is made. New factors emerge from time to
time, and it is not possible for the Company’s management to
predict all such factors and to assess in advance the impact of
each such factor on the Company’s business or the extent to which
any factor, or combination of factors, may cause actual results to
differ materially from those contained in any forward-looking
information. The Company does not undertake any obligation to
update any forward-looking information to reflect information or
events after the date on which it is made or to reflect the
occurrence of unanticipated events, except as required by law,
including securities laws.
CONTACT INFORMATION
POWR Lithium Corp. Investor
RelationsEmail: info@powrlithium.com Phone: +1
(778) 383-7240
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/eb928dac-f3ad-4a1f-81d3-b8e1f3b6674e
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