ACME Lithium Announces Termination of Option Agreement with Eagle Battery Metals
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) has announced that Eagle Battery Metals (EBM) has terminated its option to acquire an interest in ACME's Fish Lake Valley lithium project in Esmerelda County, Nevada. The termination was attributed to market conditions. This decision affects the previously announced option agreement detailed in the company's news releases from January 23, 2024, and June 14, 2024.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) ha annunciato che Eagle Battery Metals (EBM) ha annullato la sua opzione per acquisire un interesse nel progetto litio di Fish Lake Valley nella Contea di Esmerelda, Nevada. La rescissione è stata attribuita alle condizioni di mercato. Questa decisione influisce sull'accordo di opzione precedentemente annunciato, come dettagliato nei comunicati stampa dell'azienda del 23 gennaio 2024 e del 14 giugno 2024.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) ha anunciado que Eagle Battery Metals (EBM) ha terminado su opción de adquirir un interés en el proyecto de litio Fish Lake Valley en el Condado de Esmerelda, Nevada. La terminación se atribuyó a las condiciones del mercado. Esta decisión afecta el acuerdo de opción previamente anunciado, detallado en los comunicados de prensa de la empresa del 23 de enero de 2024 y del 14 de junio de 2024.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF)는 Eagle Battery Metals (EBM)가 네바다주 에스머랄다 카운티에 있는 피시 레이크 밸리 리튬 프로젝트에 대한 지분 인수 옵션을 종료했다고 발표했습니다. 종료 사유는 시장 상황에 기인합니다. 이 결정은 2024년 1월 23일 및 2024년 6월 14일에 발표된 회사의 보도자료에 상세히 설명된 이전에 발표된 옵션 계약에 영향을 미칩니다.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) a annoncé que Eagle Battery Metals (EBM) a mis fin à son option d'acquérir un intérêt dans le projet de lithium Fish Lake Valley dans le comté d'Esmerelda, Nevada. Cette résiliation a été attribuée aux conditions du marché. Cette décision affecte l'accord d'option précédemment annoncé, comme détaillé dans les communiqués de presse de l'entreprise en date du 23 janvier 2024 et du 14 juin 2024.
ACME Lithium (CSE: ACME) (OTCQB: ACLHF) hat bekannt gegeben, dass Eagle Battery Metals (EBM) seine Option auf den Erwerb eines Anteils am Fish Lake Valley Lithium-Projekt im Esmerelda County, Nevada, beendet hat. Die Beendigung wurde auf Marktbedingungen zurückgeführt. Diese Entscheidung betrifft die zuvor angekündigte Optionsvereinbarung, die in den Unternehmensmitteilungen vom 23. Januar 2024 und 14. Juni 2024 detailliert beschrieben ist.
- None.
- Loss of potential strategic partnership for Fish Lake Valley project
- Failed deal indicates challenging market conditions in lithium sector
- Potential negative impact on project development timeline
Vancouver, British Columbia--(Newsfile Corp. - December 17, 2024) - ACME Lithium Inc. (CSE: ACME) (OTCQB: ACLHF) (the "Company", or "ACME") announces that Eagle Battery Metals Corp. ("EBM") has elected to terminate its option due to market conditions to acquire an interest in ACME's Fish Lake Valley lithium project, located in Esmerelda County, Nevada. See the Company's earlier news releases of January 23, 2024, and June 14, 2024 regarding the terms of the option agreement with Eagle Battery Metals.
About ACME Lithium Inc.
ACME Lithium is a mineral exploration company focused on acquiring, exploring, and developing battery metal projects in partnership with leading technology and commodity companies in North America. ACME is advancing and developing a lithium brine resource at Clayton Valley, Nevada, a lithium claystone project at Fish Lake Valley, Nevada, and a group of projects in the pegmatite region of Shatford, Birse and Cat-Euclid Lakes in southeastern Manitoba. Backed by strategic investors and led by an experienced management team, the building blocks of the future are our focus today.
On behalf of the Board of Directors
Steve Hanson
Chief Executive Officer, President and Director
Telephone: (604) 564-9045
info@acmelithium.com
For Investor Inquiries:
Anthony Simone
Simone Capital
Telephone: (416) 881-5154
asimone@simonecapital.ca
Neither the CSE nor its regulations service providers accept responsibility for the adequacy or accuracy of this news release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/234098
FAQ
Why did Eagle Battery Metals terminate its option agreement with ACME Lithium (ACLHF)?
What project was affected by the terminated option agreement with ACLHF?
When was the original option agreement between ACME Lithium and Eagle Battery Metals announced?
What is the impact of the option agreement termination on ACME Lithium (ACLHF)?
