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Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) is a junior mining company focused on diverse mining resource development projects in the U.S. and Canada. The company owns the high-grade gold exploration Cabin Lake Gold project in Yellowknife, NT, Canada, and the Let's Go Lithium project in the Amargosa Valley, NV, USA. Rover is actively engaged in exploration work, environmental baseline surveys, and NI 43-101 Technical Reports to advance its projects. Strategic initiatives and potential divestiture opportunities are being considered to enhance shareholder value and project development.
Rover Metals Corp. (OTCQB: ROVMF) has secured an exploration drill permit from the Bureau of Land Management for its Let’s Go Lithium (LGL) project in Nevada. The project spans approximately 6,000 acres in a key lithium-rich area, allowing for up to 30 drill holes reaching depths of 90 meters. Historical surface samples have shown high-grade lithium, with assays reaching up to 1,218 ppm. The company aims to advance exploration following promising 2022 results. Additionally, Rover has appointed John Zimmerman and Don Merrick to its advisory board, enhancing its technical team. Each advisor will receive 350,000 stock options at an exercise price of $0.12. Rover is focused on its lithium project, amidst a positive landscape for similar ventures in Nevada.
Rover Metals Corp. (OTCQB: ROVMF) has amended its royalty agreement concerning the Cabin Gold project. The company will settle a $30,000 advance royalty payment due by March 3, 2023, by issuing 329,670 common shares priced at $0.091 each. This issuance has received approval from the Toronto Venture Exchange. The Cabin Gold project, located in the Northwest Territories, is known for its high-grade gold resources, which have been confirmed through extensive drilling programs. However, CEO Judson Culter indicated no immediate plans for further exploration, focusing instead on a lithium project in Nevada.
Rover Metals Corp. (Symbol: ROVMF) has completed a $880,000 financing through three closings at $0.08 per unit. A total of 11,000,000 common shares and 11,000,000 purchase warrants were issued, with warrants exercisable at $0.12 for 30 months. The funds will support various operational costs, particularly for the Let’s Go Lithium project in Nevada, including permitting and exploration expenses. CEO Judson Culter announced progress with the Bureau of Land Management for obtaining an exploration drill permit. The company focuses on lithium and has a diverse project portfolio across North America.
Rover Metals Corp. (OTCQB: ROVMF) has made significant progress in claystone lithium mining in southwest Nevada. Industry advancements from peers like Cypress Development and American Lithium have showcased successful recovery of battery-grade lithium carbonate. The company’s Let’s Go Lithium project is positioned near historical lithium sites, with exploration showing promising surface samples. A maiden drill program is planned, pending approvals. CEO Judson Culter emphasizes claystone mining's environmental advantages over traditional methods, noting lower water usage and simpler processing, which could enhance efficiency and reduce costs, making Rover a compelling investment opportunity.
Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) has received approval from the Toronto Venture Exchange to re-price stock options and warrants. The re-pricing adjusts the exercise price of 354,564 stock options to $0.15 per share. Notably, the company also repriced over 10 million warrants, significantly reducing the exercise price from previous highs to $0.15 and $0.20, with expiry dates extending into 2025. CEO Judson Culter stated that this move aims to create a pathway for growth capital without incurring traditional financing fees, while potentially rewarding early investors and consultants.
Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) has announced plans to apply for the re-pricing and extension of previously issued warrants. The company seeks to amend a total of 11,172,259 common share purchase warrants, which will reduce exercise prices to between $0.15 and $0.20, and extend their life to May 2025. This move, pending TSXV approval, aims to enhance capital accessibility for shareholders and support ongoing projects, including a 1,200-meter drilling program at its lithium project in Nevada.
Rover Metals Corp. (TSXV: ROVR, OTCQB: ROVMF) has announced progress on its Let’s Go Lithium (LGL) project in Nevada. The company has released a jurisdictional map of the region, which is known for its lithium deposits. LGL is situated 12 km from the historic Franklin Wells deposit. The area features an average clay bed thickness of approximately 350 feet across the 6,000-acre claim package. Upcoming plans include a 1,200-meter reverse circulation drill program aimed at exploring the lithium claystone potential in the area.
Rover Metals Corp. (OTCQB: ROVMF) announced a corporate update, highlighting a positive analyst report from Fundamental Research dated December 1, 2022. The report recognizes Rover's potential in lithium mining, particularly amid a anticipated supply shortage starting in H2-2026. CEO Judson Culter emphasized the importance of domestic investment for sustaining resource projects in North America, given geopolitical tensions. The company plans a 1,200-meter drill program for its lithium project in Nevada in 2023 and urges investors to support its initiatives.
Rover Metals Corp. has signed a definitive agreement to acquire a 100% interest in a lithium claystone project in Nevada, effective November 16, 2022. This district-scale deposit, verified for high-grade lithium samples, covers approximately 6,000 acres and is located in a mining-friendly jurisdiction. The first-year commitments include $200,000 in exploration expenditures and a $20,000 share payment. The project is strategically placed with access to green energy infrastructure and a nearby workforce, positioning Rover as a viable contender in the North American lithium market.
Rover Metals Corp. (OTCQB: ROVMF) has announced a temporary trading symbol change to ROVMD on the OTCQB due to a common share consolidation, effective until November 28, 2022. CEO Judson Culter highlighted that this consolidation is pivotal for the growth and success of their critical mineral projects, including the Let’s Go Lithium Project in Nevada and IML Zinc-Copper Project in Canada, both of which require extensive exploration programs.
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