Barrel Energy - BRLL STOCK NEWS

Barrel Energy Inc. (BRLL) announces the establishment of Spectral AI Hyderabad, an AI Mining Center, to revolutionize spectral anomaly detection for mining and environmental services. The center aims to enhance mineral exploration efficiency and environmental impact mitigation through AI-powered technology.

Barrel Energy Inc. (BRLL) has received a report detailing a completed multispectral ASTER analysis across a portion of the Titan South Lithium Project area in Tanzania. The study was initiated and completed by Dr. Elisante Mshui from the University of Dar es Salaam. The analysis was conducted independently and has identified potential lithium bearing prospects within Tanzania. The company has also acquired Titan North and both Titan North and Titan South will be held in BRLL’s subsidiary Kilimanjaro Battery Metals Company Ltd. Further spectral analysis will be conducted to cover the entire license area in 2024.

Barrel Energy Inc. (BRLL) provides an update on the Titan X South Lithium Project in Tanzania, revealing a significant lithium-in-soil anomaly covering over 4,200 acres with high-grade areas containing up to 4.82% Li2O. The project, referred to as Titan South, shows promising lithium values and has the potential to be a major contributor to the lithium market.

Barrel Energy Inc. (OTC Markets: BRLL) has announced significant progress in its compliance with SEC regulations. As of September 30, 2021, the company has completed two years of PCAOB qualified financial statements and is nearing the completion of its 2022 10K filings. Barrel has appointed Olayinka Oyebola & Company as its new auditor to facilitate this process. Once the financial statements are finalized, the company will file a Form 10 and submit an application for Form 15-C-211. Barrel Energy is also planning to provide updates on new intellectual property developments shortly. The company is actively involved in the green energy and battery minerals sector, focusing on initiatives related to Electric Vehicle batteries.

Barrel Energy (OTC: BRLL) has partnered with CDSG to co-develop the West End Lithium (WEL) project in Nevada. The partnership will focus on innovative lithium extraction methods for clay-hosted deposits. This co-exploration, set to begin in 2023, aims to address rising lithium demand driven by electric vehicle production. Lithium prices have surged from $27,000 per tonne in November 2021 to over $84,000 in November 2022. The WEL project is strategically located near the TLC Project, which has significant lithium resources.