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HERTZ ENERGY INC - HZLIF STOCK NEWS

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Hertz Energy Inc. (HZLIF) is a British Columbia-based junior exploration company focusing on critical mineral exploration, particularly in lithium and uranium resources. The company recently entered into agreements for the development of hard rock lithium extraction technologies and strategic marketing collaborations in Europe. With a strong balance sheet and expert geological teams, Hertz aims to advance its lithium exploration projects in North America and South America while reorganizing its uranium assets into a separate entity, Hertz Uranium Inc., to unlock shareholder value.

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On May 24, 2024, Hertz Energy announced the acquisition of a 100% interest in mineral claim 102722 in Nunavut, Canada, under a definitive agreement with Mike Magrum. This acquisition is significant for the Cominco Uranium Property, spanning nine blocks totaling 146.33 acres. Historical drilling by Cominco in the mid-1970s revealed promising uranium mineralization, with significant intersections grading up to 4.79 lbs U3O8/ton over 43 ft. The acquisition terms include a $2,500 cash payment and issuing up to 400,000 common shares to Mr. Magrum. Hertz Energy plans to leverage modern exploration technologies to build on these historic findings and develop the property further.

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Hertz Energy Inc. has submitted applications for uranium Exclusive Prospecting Licenses (EPLs) in Namibia, a country with rich uranium mineral reserves. Namibia is a key uranium jurisdiction, boasting political stability, infrastructure, and community support for mining. The applications cover areas in Central Namibia with primary and secondary uranium deposits. The company is targeting secondary uranium mineralization with the potential for primary mineralization in the application areas. The applications were filed by Odikwa Geoservices, led by Mary Barton, a respected geologist. Hertz Energy aims to expand its presence in the green energy metals markets by entering Namibia.

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Hertz Energy Inc. partners with Lithium Consultants Australasia to advance hard rock lithium extraction technology. The collaboration aims to optimize the extraction process conducted at Penn State University and commercialize the technology. The partnership will focus on developing a patent-pending process for lithium extraction from alpha-spodumene, a critical element in energy storage and electric mobility. The technology aims to provide a more energy-efficient and environmentally friendly method for high-yield lithium extraction, with current efforts showing promising results with over 99% lithium recovery. Hertz Energy is also in discussions with a major international mining conglomerate for further collaboration on the development of the extraction technology.
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Hertz Energy Inc. announces the acquisition of the Cominco Uranium Project in Canada. The company will reimburse acquisition costs and grant a royalty to the vendor. The CEO expresses enthusiasm for expanding the energy metals portfolio. The Cominco Property includes uranium showings and potential for Unconformity Related Uranium deposits. The Company's exploration strategy focuses on lithium projects in Canada and Brazil, with recent financing for project advancement.
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Hertz Lithium Inc. announces a name change to 'Hertz Energy Inc.' and plans to add uranium projects to its energy metals portfolio. The company is conducting advanced-stage due diligence on uranium mineral projects in various jurisdictions, with no guarantee of acquisition. CEO Kal Malhi emphasizes the company's focus on energy metals and the potential addition of uranium projects to its portfolio.
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Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) has entered into a license agreement with the Penn State Research Foundation for a patent-pending process for extraction of lithium from hard rock sources. The technology is designed to provide a more energy-efficient and environmentally friendly method for high-yield extraction of lithium, meeting the increasing demand for lithium in next-generation technologies.
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Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) has entered into an option agreement to acquire a 100% interest in the Maskwa property in Quebec. The agreement includes payment of $100,000, exploration expenditures, and a 1.5% NSR royalty on the property.
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Hertz Lithium Inc. (CSE: HZ) (OTCQB: HZLIF) (FSE: QE2) has closed a non-brokered private placement, raising $2,537,400. The placement included 5,763,333 Non-FT Units at $0.18 per unit and 3,750,000 Charity FT Units at $0.40 per unit. Each unit consists of a share and a warrant. The proceeds will be used for lithium extraction technology, exploration, consulting fees, marketing, and administrative expenses.
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Hertz Lithium announces discovery of multiple pegmatite occurrences at AC/DC project. Field work identifies a 100m long, 5-10m wide, and 5m thick pegmatite with lithium-associated minerals. Project is located contiguous to Rio Tinto's Kaanaayaa Lithium Project and 26 km southeast of the Corvette Lithium Project. Assays from maiden site visit expected in coming weeks.
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Hertz Lithium Inc. has entered into a service agreement with Gold Standard Media, LLC for digital marketing services.
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FAQ

What is the current stock price of HERTZ ENERGY (HZLIF)?

The current stock price of HERTZ ENERGY (HZLIF) is $0.0245 as of December 11, 2024.

What is the market cap of HERTZ ENERGY (HZLIF)?

The market cap of HERTZ ENERGY (HZLIF) is approximately 2.3M.

What is Hertz Energy Inc. known for?

Hertz Energy Inc. is known for its focus on critical mineral exploration, particularly in lithium and uranium resources.

What recent agreements has Hertz Energy Inc. entered into?

Hertz Energy Inc. recently entered into agreements for the development of hard rock lithium extraction technologies and strategic marketing collaborations in Europe.

How does Hertz Energy Inc. plan to advance its exploration projects?

Hertz Energy Inc. plans to utilize its strong balance sheet and expert geological teams to advance its lithium exploration projects in North America and South America.

What reorganization plans does Hertz Energy Inc. have for its uranium assets?

Hertz Energy Inc. plans to reorganize its uranium assets into a separate entity, Hertz Uranium Inc., to unlock shareholder value and focus on uranium exploration.

Where is Hertz Energy Inc. listed for trading?

Hertz Energy Inc. is listed for trading on the Frankfurt Stock Exchange (FSE) under the symbol QX1, providing access to one of the world's largest international trading centers for securities.

HERTZ ENERGY INC

OTC:HZLIF

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HZLIF Stock Data

2.33M
51.88M
21.45%
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