ACME Lithium Announces Name Change and Consolidation
ACME Lithium (OTCQB: ACLHF) has announced two major corporate changes: a 3:1 share consolidation and a name change to 'Surface Metals Inc.' The consolidation will reduce outstanding shares from 77,972,727 to approximately 25,990,909, with the new trading symbol changing to 'SUR'. The record date is set for April 28, 2025.
Additionally, the company recently signed an agreement to acquire a 90% interest in the Cimarron Gold Project in Nye County, Nevada. The project features 31 unpatented lode mining claims with significant historical drilling results, including high-grade intercepts of 11 meters of 4.46 g/t, 23 meters of 4.49 g/t, and 46 meters of 3.94 g/t gold. A historic non-compliant resource estimate indicates approximately 50,000 ounces of gold. The project is strategically located at the intersection of two prominent gold trends, near Kinross's Round Mountain mine.
ACME Lithium (OTCQB: ACLHF) ha annunciato due importanti cambiamenti aziendali: una consolidazione azionaria 3:1 e il cambio di nome in 'Surface Metals Inc.' La consolidazione ridurrà le azioni in circolazione da 77.972.727 a circa 25.990.909, con il nuovo simbolo di negoziazione che diventerà 'SUR'. La data di riferimento è fissata per il 28 aprile 2025.
Inoltre, la società ha recentemente firmato un accordo per acquisire il 90% di interesse nel Progetto Oro Cimarron nella contea di Nye, Nevada. Il progetto comprende 31 concessioni minerarie non brevettate con risultati storici di perforazione significativi, tra cui intercetti ad alto tenore di 11 metri a 4,46 g/t, 23 metri a 4,49 g/t e 46 metri a 3,94 g/t di oro. Una stima storica della risorsa, non conforme agli standard attuali, indica circa 50.000 once d'oro. Il progetto è strategicamente posizionato all'incrocio di due importanti trend auriferi, vicino alla miniera Round Mountain di Kinross.
ACME Lithium (OTCQB: ACLHF) ha anunciado dos cambios corporativos importantes: una consolidación de acciones 3:1 y un cambio de nombre a 'Surface Metals Inc.' La consolidación reducirá las acciones en circulación de 77,972,727 a aproximadamente 25,990,909, y el nuevo símbolo de cotización será 'SUR'. La fecha de registro está fijada para el 28 de abril de 2025.
Además, la compañía firmó recientemente un acuerdo para adquirir un 90% de interés en el Proyecto de Oro Cimarron en el condado de Nye, Nevada. El proyecto incluye 31 reclamos mineros sin patente con resultados históricos significativos de perforación, incluyendo interceptaciones de alta ley de 11 metros a 4.46 g/t, 23 metros a 4.49 g/t y 46 metros a 3.94 g/t de oro. Una estimación histórica de recursos no conforme indica aproximadamente 50,000 onzas de oro. El proyecto está estratégicamente ubicado en la intersección de dos importantes tendencias auríferas, cerca de la mina Round Mountain de Kinross.
ACME Lithium (OTCQB: ACLHF)는 3:1 주식 병합과 'Surface Metals Inc.'로의 사명 변경이라는 두 가지 주요 기업 변화를 발표했습니다. 이번 병합으로 발행 주식 수가 77,972,727주에서 약 25,990,909주로 줄어들며, 새 거래 기호는 'SUR'로 변경됩니다. 기준일은 2025년 4월 28일로 정해졌습니다.
또한, 회사는 최근 네바다주 나이 카운티에 위치한 Cimarron 금 프로젝트의 90% 지분을 인수하는 계약을 체결했습니다. 이 프로젝트는 31개의 특허 미취득 광산 채굴권을 포함하며, 11미터 4.46 g/t, 23미터 4.49 g/t, 46미터 3.94 g/t 금의 고등급 시추 결과를 포함한 중요한 역사적 시추 데이터를 보유하고 있습니다. 비규격 역사적 자원 추정치는 약 50,000 온스의 금을 나타냅니다. 이 프로젝트는 Kinross의 Round Mountain 광산 근처 두 개의 주요 금광 트렌드가 교차하는 전략적 위치에 있습니다.
ACME Lithium (OTCQB : ACLHF) a annoncé deux changements majeurs : une consolidation d'actions au ratio 3 pour 1 et un changement de nom en 'Surface Metals Inc.' La consolidation réduira le nombre d'actions en circulation de 77 972 727 à environ 25 990 909, avec un nouveau symbole boursier 'SUR'. La date de référence est fixée au 28 avril 2025.
De plus, la société a récemment signé un accord pour acquérir une participation de 90 % dans le projet aurifère Cimarron dans le comté de Nye, Nevada. Le projet comprend 31 concessions minières non brevetées avec des résultats historiques significatifs de forage, incluant des intersections à haute teneur de 11 mètres à 4,46 g/t, 23 mètres à 4,49 g/t et 46 mètres à 3,94 g/t d'or. Une estimation historique des ressources, non conforme aux normes actuelles, indique environ 50 000 onces d'or. Le projet est stratégiquement situé à l'intersection de deux tendances aurifères majeures, près de la mine Round Mountain de Kinross.
ACME Lithium (OTCQB: ACLHF) hat zwei bedeutende Unternehmensänderungen angekündigt: eine 3:1 Aktiensplit und eine Namensänderung zu 'Surface Metals Inc.' Die Konsolidierung wird die ausstehenden Aktien von 77.972.727 auf etwa 25.990.909 reduzieren, wobei das neue Handelssymbol 'SUR' lautet. Das Stichtdatum ist auf den 28. April 2025 festgelegt.
Zusätzlich hat das Unternehmen kürzlich eine Vereinbarung zum Erwerb von 90 % der Anteile am Cimarron Gold Projekt im Nye County, Nevada, unterzeichnet. Das Projekt umfasst 31 nicht patentierte Bergbaurechte mit bedeutenden historischen Bohrergebnissen, darunter hochgradige Abschnitte von 11 Metern mit 4,46 g/t, 23 Metern mit 4,49 g/t und 46 Metern mit 3,94 g/t Gold. Eine historische, nicht konforme Ressourcenschätzung weist etwa 50.000 Unzen Gold aus. Das Projekt liegt strategisch an der Kreuzung zweier bedeutender Goldtrends, nahe der Round Mountain Mine von Kinross.
- Acquisition of 90% interest in Cimarron Gold Project with historic 50,000 oz gold resource
- High-grade gold intercepts from 190 historic drill holes
- Strategic location near Kinross's Round Mountain mine (15M+ oz gold producer)
- Project has existing drill sites and infrastructure access
- Share consolidation will reduce float liquidity
- Historic gold resource is non-compliant with NI 43-101 standards
- Shift from lithium to gold represents significant strategy change and operational risk
Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") announces a proposed consolidation of its issued and outstanding common shares ("Common Shares") on the basis of one (1) post-consolidation Common Share for every three (3) pre-consolidation Common Shares, and a concurrent change of name to "Surface Metals Inc.".
The Company anticipates the record date for the consolidation and name change will be Monday, April 28, 2025, pending confirmation from the Canadian Securities Exchange (the "CSE"). The symbol under which the Common Shares trade will change to "SUR".
As a result of the consolidation, the 77,972,727 Common Shares currently issued and outstanding will be reduced to approximately 25,990,909 Common Shares. No fractional Common Shares will be issued as a result of the consolidation. Any resulting fractional Common Share entitlement resulting from the consolidation that is less than one-half (1/2) of one (1) Common Share will be cancelled and each fractional Common Share that is at least one-half (1/2) of one (1) Common Share will be rounded up to one whole Common Share. The exercise price or conversion price and the number of Common Shares issuable under any of the Company's outstanding convertible securities will be proportionately adjusted upon consolidation.
On the record date, the CUSIP and ISIN of the Common Shares will be changed to 86877C102 and CA86877C1023, respectively.
The name change and consolidation were approved by the board of directors of the Company in accordance with the Company's governing corporate legislation, the Business Corporations Act (British Columbia), and the Company's constating documents.
Letters of transmittal will be mailed to registered shareholders and registered shareholders will be required to deposit their share certificate(s), together with the duly completed letter of transmittal, with Odyssey Trust Corporation, the Company's registrar and transfer agent. Non-registered shareholders holding common shares through an intermediary (a securities broker, dealer, bank or financial institution) should be aware that the intermediary may have different procedures for processing the consolidation than those that will be put in place by the Company for registered shareholders. If shareholders hold their Common Shares through intermediaries and have questions in this regard, they are encouraged to contact their intermediaries.
ACME Lithium announced on April 10th 2025 that it has signed a purchase agreement for a
Located at the north end of the San Antonio Mountains in the historic San Antonio (Cimarron) Mining District, the Project is approximately eighteen miles north of Tonopah in Nye County, Nevada. It comprises 31 unpatented lode mining claims near the historic San Antonio Mine workings and immediately adjacent ground. The prospect has drill ready targets, subject to permitting, and offers a significant opportunity to establish a NI43-101 compliant gold resource.
Regionally, the Project is at the intersection of two prominent gold trends: the Walker-Lane trend which runs approximately NW and hosts a number of mines including Bullfrog, Goldfield, and Rawhide; and an approximately NNE trend of gold mines including Manhattan, Gold Hill, and Kinross's "world-class" Round Mountain, which is located 28 miles away, and recorded over 15 million ounces of gold as of 2021.
Project Highlights:
The Project includes an extensive historic record of drill results (190 holes), with high grade intercepts which included 11 meters of 4.46 g/t, 23 meters of 4.49 g/t and 46 meters of 3.94 g/t
Past drilling outlined a historic gold resource starting at surface of approximately 50,000 ounces (1987 non NI43-101 compliant)
The Project has good access near infrastructure and has a number of drill sites already built
Mineral intercepts remain open in several directions
The target is a shallow, low sulfidation oxide gold system with strong structural control.
ACME will retain its current lithium property interests for future development, and will focus in the near term on the advancement of the Cimarron Gold Project.
Qualified Person
Scientific and technical information contained in this document has been reviewed and approved by Bill Feyerabend CPG who is a "Qualified Person" as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").
About ACME Lithium Inc.
ACME is a mineral exploration company focused on acquiring, exploring, and developing battery and precious metal projects in partnership with leading technology and commodity companies in North America. ACME is advancing and developing a lithium brine resource at Clayton and Fish Lake Valley, Nevada and has entered into a strategic exploration agreement with leading partner at a group of projects in the pegmatite region of Shatford, Birse and Cat-Euclid Lakes in southeastern Manitoba.
On behalf of the Board of Directors
Steve Hanson
Chief Executive Officer, President, and Director
Telephone: (604) 564-9045
info@acmelithium.com
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release. This news release contains certain statements which may constitute forward-looking information within the meaning of applicable securities laws ("forward-looking statements"). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "potential" and similar expressions, or that events or conditions "will," "would," "may," "could" or "should" occur and in this news release include but are not limited to the attributes of, timing for and expected benefits to be derived from exploration, drilling or development at ACME's project properties. Information inferred from the interpretation of drilling, sampling and other technical results may also be deemed to be forward-looking statements, as it constitutes a prediction of what might be found to be present when and if a project is actually developed. ACME's project location adjacent to or nearby lithium projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from the Company's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Unless otherwise indicated, the market and industry data contained herein is based upon information from industry and other publications and the knowledge and experience of management. While we believe that this data is reliable, market and industry data is subject to variations and cannot be verified with complete certainty due to limits on the availability and reliability of raw data, the voluntary nature of the data gathering process and other limitations and uncertainties inherent in any statistical survey. We have not independently verified any of the data from third-party sources referred to in this news release or ascertained the underlying assumptions relied upon by such sources. All technical and scientific disclosure pertaining to our mineral property interests in this news release have been reviewed by a Qualified Person, meaning an individual who is an engineer or geoscientist with at least five years of experience in mineral exploration, mine development or operation or mineral project assessment, or any combination of these; has experience relevant to the subject matter of the mineral project and the technical report; and is a member or licensee in good standing of a professional association.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/249577
FAQ
What is the share consolidation ratio for ACLHF and when is it effective?
What are the key features of ACLHF's newly acquired Cimarron Gold Project?
How will ACLHF's name and trading symbol change?
What percentage stake is ACLHF acquiring in the Cimarron Gold Project?
