Acme Lithium - ACLHF STOCK NEWS

ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) has announced the successful completion of the 2024 field exploration season on the Shatford Lake Lithium Project in southeastern Manitoba, conducted by Snow Lake Resources (NASDAQ: LITM). Key highlights include:

1. Discovery of numerous pegmatites under heavy overburden
2. Significant discovery of a ~25-30-meter-wide tantalite-bearing pegmatite on the Cat-Euclid Lake claim block
3. Potential for lithium, cesium, tantalum mineralization north of the neighboring Tanco Mine
4. Further exploration, including drilling, expected by Snow Lake in 2025

The Shatford Lake Lithium Project comprises 37 mineral claims over three project areas, totaling approximately 17,000 acres. ACME has an option agreement with Snow Lake Energy, allowing Snow Lake to earn up to a 90% interest in the project by paying CAD$500,000 and incurring CAD$1,800,000 in exploration expenses over two years.

ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) has provided an update on the exploration program at its Shatford Lake lithium project in southeastern Manitoba. Snow Lake Energy (NASDAQ: LITM) is conducting a four-phase exploration program for 2024, with Phase 1 completed and Phase 2 underway. Initial prospecting has discovered numerous pegmatites under heavy overburden, with assay results showing potential for lithium.

The project comprises 37 mineral claims covering approximately 17,000 acres, with 31 claims contiguous to Sinomine 's Tanco Mine. Snow Lake has an option to earn up to a 90% interest in the project by paying CAD$500,000 and incurring CAD$1,800,000 in exploration expenditures over two years. Upon completion of a positive feasibility study, a joint venture will be formed for further development.

ACME Lithium will exhibit at the 16th Annual Fastmarkets Lithium Supply and Battery Raw Materials Conference from June 24-27, 2024 in Las Vegas. The event, organized by Fastmarkets, a trusted price reporting agency, is a major forum for the global lithium and battery raw materials sector. It will feature keynote speakers and participants from top producers to end users and supply chain experts. ACME Lithium, trading under the symbol ACLHF, will take this opportunity to showcase its developments in the lithium industry.

ACME Lithium announced an amendment to its option agreement with Eagle Battery Metals (EBM) for the Fish Lake Valley lithium project in Nevada. The amendment grants EBM extra time to make required payments and incur exploration costs. The project includes 207 lode mining claims over 4,139 acres. EBM can acquire a 100% interest in the project by paying a total of $1,495,000, issuing $3,300,000 worth of shares, and spending $500,000 on exploration within 12 months. EBM must follow a payment schedule, with specific payments tied to milestones such as US listing and production start. ACME retains a 1% Net Smelter Returns royalty, which EBM can buy down for $1,000,000 or $2,000,000 before production begins.

ACME Lithium and Snow Lake have kicked off the 2024 exploration program at the Shatford Lake Lithium Project in Manitoba. The program, designed with Critical Discoveries, consists of four phases. Phase 1, which involved compiling past exploration data, is complete. Phase 2 has now begun with a team of geologists and field technicians focusing on prospecting and mapping, uncovering two pegmatites so far. Next, Phase 3 will involve up to 2,000 meters of diamond drilling, and Phase 4 will compile and evaluate all data and results.

The Shatford Lake Project spans 17,000 acres and contains 37 mineral claims, with many pegmatites classified as Lithium-Cesium-Tantalum (LCT). Snow Lake Energy has an option to earn up to a 90% interest in the project by paying CAD $500,000 and spending CAD $1,800,000 on exploration over two years, leading to a potential joint venture.

ACME Lithium Inc. announced the filing of a Technical Report for the Clayton Valley Lithium Brine Project, estimating approximately 302,900 metric tons of lithium carbonate equivalent over a 40-year period. The project includes 119 mining claims near Albemarle Corporation's lithium facility in Nevada.

ACME Lithium Inc. announces attendance at PDAC Convention and reports significant lithium resource estimate for its Clayton Valley project.

ACME Lithium Inc. has received an exploration summary and hydrological evaluation report for its Clayton Valley lithium brine project, estimating an inferred lithium carbonate equivalent (LCE) resource of approximately 302,900 metric tons over a 40-year extraction period. The project area is contiguous to Albemarle Corporation's Silver Peak lithium deposit and facility, with similar aquifer thickness, hydraulic parameters, and lithium grades. The company completed drilling and testing as part of its multi-year exploration program, achieving a significant milestone towards potential future commercialization.

ACME Lithium Inc. has signed an option agreement with Snow Lake Resources Ltd., granting Snow Lake the option to earn up to a 90% undivided interest in the mineral claims held by ACME at its Manitoba lithium pegmatite project areas. The agreement involves a total of CAD$500,000 cash payment and CAD$1,800,000 in exploration and development expenditures over a two-year period. Once Snow Lake has earned a 90% undivided interest in the Project and completed a positive feasibility study, a joint venture between Snow Lake and ACME will be formed.