STOCK TITAN

Clayton Valley Lithium Update

Rhea-AI Impact
(Moderate)
Rhea-AI Sentiment
(Neutral)
Tags

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) has provided an update on lithium developments in the Clayton Valley of Nevada. SLB (formerly Schlumberger) announced successful results from its demonstration plant, achieving a 96% lithium recovery rate from brine using direct lithium extraction (DLE) technology. This process is 500 times faster than conventional methods and uses only 10% of the land.

Sienna holds property within Pure Energy/SLB's Clayton Valley Project, located in the deepest section of the basin. The company views this as a significant development for the area. Sienna has also recently expanded its holdings in other projects, including the Stonesthrow Gold Project in Saskatchewan and the Case Lake West Cesium and Spodumene Pegmatite Project in Ontario.

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) ha fornito un aggiornamento sugli sviluppi del litio nella Clayton Valley del Nevada. SLB (ex Schlumberger) ha annunciato risultati positivi dal suo impianto dimostrativo, ottenendo un tasso di recupero del litio del 96% dalla salamoia utilizzando la tecnologia di estrazione diretta del litio (DLE). Questo processo è 500 volte più veloce rispetto ai metodi convenzionali e utilizza solo il 10% del terreno.

Sienna possiede proprietà all'interno del progetto Clayton Valley di Pure Energy/SLB, situato nella parte più profonda della valle. L'azienda considera questo un passo significativo per la zona. Sienna ha anche recentemente ampliato le sue partecipazioni in altri progetti, incluso il progetto Stonesthrow Gold in Saskatchewan e il progetto Case Lake West Cesium e Spodumene Pegmatite in Ontario.

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) ha proporcionado una actualización sobre los desarrollos de litio en la Clayton Valley de Nevada. SLB (anteriormente Schlumberger) anunció resultados exitosos de su planta de demostración, logrando una tasa de recuperación de litio del 96% de salmuera mediante la tecnología de extracción directa de litio (DLE). Este proceso es 500 veces más rápido que los métodos convencionales y utiliza solo el 10% del terreno.

Sienna posee propiedades dentro del proyecto Clayton Valley de Pure Energy/SLB, ubicado en la sección más profunda de la cuenca. La empresa considera esto un desarrollo significativo para la zona. Sienna también ha ampliado recientemente sus participaciones en otros proyectos, incluido el proyecto Stonesthrow Gold en Saskatchewan y el proyecto Case Lake West Cesium y Spodumene Pegmatite en Ontario.

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF)는 네바다의 클레이튼 밸리에서 리튬 개발에 대한 업데이트를 제공했습니다. SLB(구 슐럼버거)는 시연 플랜트에서 성공적인 결과를 발표했습니다, 직류 리튬 추출(DLE) 기술을 사용하여 염수에서 96%의 리튬 회수율을 달성했습니다. 이 과정은 기존 방법보다 500배 더 빠르며, 토지의 10%만 사용합니다.

Sienna는 Pure Energy/SLB의 클레이튼 벨리 프로젝트 내에 자산을 보유하고 있으며, 이는 분지에서 가장 깊은 부분에 위치하고 있습니다. 회사는 이 개발이 지역에 중대한 진전이라고 보고 있습니다. Sienna는 또한 최근 사스카체완의 Stonesthrow Gold Project와 온타리오의 Case Lake West Cesium 및 Spodumene Pegmatite Project를 포함하여 다른 프로젝트에서 보유지를 확장했습니다.

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) a fourni une mise à jour sur les développements en lithium dans la Clayton Valley du Nevada. SLB (anciennement Schlumberger) a annoncé des résultats réussis de son usine de démonstration, atteignant un taux de récupération du lithium de 96 % à partir de saumure grâce à la technologie d'extraction directe du lithium (DLE). Ce processus est 500 fois plus rapide que les méthodes conventionnelles et utilise seulement 10 % des terres.

Sienna détient des propriétés dans le projet Clayton Valley de Pure Energy/SLB, situé dans la section la plus profonde du bassin. L'entreprise considère cela comme un développement significatif pour la région. Sienna a également récemment élargi ses participations dans d'autres projets, y compris le projet Stonesthrow Gold en Saskatchewan et le projet Case Lake West Cesium et Spodumène Pegmatite en Ontario.

Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) hat ein Update zu den Lithiumentwicklungen im Clayton Valley in Nevada bereitgestellt. SLB (ehemals Schlumberger) hat erfolgreiche Ergebnisse aus seiner Demonstrationsanlage bekannt gegeben, die eine Lithium-Rückgewinnungsrate von 96% aus Sole unter Verwendung der direkten Lithiumextraktion (DLE)-Technologie erreicht. Dieser Prozess ist 500-mal schneller als herkömmliche Methoden und benötigt nur 10% der Landfläche.

Sienna hält Eigentum im Clayton Valley Projekt von Pure Energy/SLB, das sich im tiefsten Teil des Beckens befindet. Das Unternehmen betrachtet dies als eine bedeutende Entwicklung für die Region. Sienna hat auch kürzlich seine Beteiligungen an anderen Projekten ausgebaut, darunter das Stonesthrow Gold Projekt in Saskatchewan und das Case Lake West Cesium und Spodumene Pegmatite Projekt in Ontario.

Positive
  • SLB's successful demonstration of 96% lithium recovery rate using DLE technology in Clayton Valley
  • Sienna's property is located in the deepest section of the Clayton Valley basin
  • Expansion of Sienna's Stonesthrow Gold Project to 31,718 contiguous acres
  • Acquisition of Case Lake West Cesium and Spodumene Pegmatite Project in Ontario
Negative
  • None.

Vancouver, British Columbia--(Newsfile Corp. - September 12, 2024) - Sienna Resources Inc. (TSXV: SIE) (OTC Pink: SNNAF) (FSE: A1XCQ0) ("Sienna" or the "Company") wishes to update the shareholders on some lithium developments that recently occurred in the Clayton Valley of Nevada. September 10, 2024 SLB (formerly Schlumberger) announced that "…SLB today announced it has proven its solution for sustainable lithium production at scale at its demonstration plant in Clayton Valley, Nevada, to accelerate responsibly-sourced lithium products to market…The proprietary integrated solution combines SLB's subsurface expertise with surface engineering of advanced technologies that include direct lithium extraction (DLE). It produces lithium 500 times faster than conventional methods while using only 10 percent of the land. Operating at approximately one tenth the size of a commercial-scale facility, the plant reached a verified recovery rate of 96% lithium from brine…In proving this solution at its pilot plant, SLB completed specific technical milestones allowing it to fully qualify under the earn-in agreement with Pure Energy Minerals Ltd. and, at its option, may acquire 100% ownership interest in the Clayton Valley Project" Sienna has property right inside of the Pure/SLB's Clayton Valley Project (see map) located in the deepest section of this basin. Sienna Resources' management cautions that past results or discoveries on properties in proximity to Sienna Resources may not necessarily be indicative of the presence of mineralization on the company's properties.

Cannot view this image? Visit: https://images.newsfilecorp.com/files/854/223080_fca03472d4366a8a_002.jpg

Sienna Resources Ownership Map

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/854/223080_fca03472d4366a8a_002full.jpg

Jason Gigliotti, President of Sienna Resources Inc. stated, "We would like to congratulate the SLB and Pure teams for many years of hard work finally coming to fruition. This is a watershed moment for the Clayton Valley itself, as this marks the true entrance of SLB into the lithium space. Sienna has been holding its Clayton Valley Deep Basin Lithium Projects for many years watching the developments on this project primarily, as Sienna shares the deepest part of this basin with SLB. SLB still has a road ahead, but this moment is clearly a turning point for development within this basin. We look forward to now moving this project much higher up in the Sienna project priority list."

Recently, Sienna announced (September 4, 2024) that it has significantly increased its acreage on the Stonesthrow Gold Project in Saskatchewan now consisting of approximately 31,718 contiguous acres prospective for gold directly bordering Ramp Metals Inc. Ramp announced (June 17, 2024) multiple zones of gold mineralization, including 73.55 grams per tonne gold and 19.50 grams per tonne silver. Ramp has just announced a strategic investment led by Eric Sprott. Sienna Resources' management cautions that past results or discoveries on properties in proximity to Sienna Resources may not necessarily be indicative of the presence of mineralization on the company's properties.

On May 23, 2024 Sienna acquired Case Lake West Cesium and Spodumene Pegmatite Project in the Larder Lake Mining division of Ontario, Canada, roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 2,200 contiguous acres prospective for Cesium and Spodumene Pegmatites directly bordering Power Metals Corp's Case Lake cesium and pegmatite swarm discovery. On May 22, 2024 Power Metals announced "WORLD-CLASS CESIUM RESULTS UP TO 18.13% AT CASE LAKE." This was very exciting news regarding this growing cesium district. Sienna management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative of the presence of mineralization on the company's properties.

About Sienna Resources Inc.

Sienna has significantly increased acreage of the "Stonesthrow Gold Project", consisting now of approximately 31,718 contiguous acres prospective for gold. Sienna has also recently acquired the "Case Lake West Cesium and Spodumene Pegmatite Project" in Larder Lake Mining division of Ontario, Canada roughly 100 km north of Kirkland Lake, NE Ontario. This project consists of approximately 2,200 contiguous acres prospective for Cesium and Spodumene Pegmatites. Sienna has also just acquired the 10,357 acre "Uranium Town Project" bordering Denison Mines Corporation, the now 23,134 contiguous acre "Dragon Uranium Project" bordering Cameco Corporation and the 55,440 acre "Atomic Uranium Project" in the world renowned Athabasca Basin of Saskatchewan. Also, Sienna recently expanded the "Elko Lithium Project" in Elko County, Nevada. This project consists of approximately 1840 contiguous acres directly bordering Surge Battery Metals' "Nevada North Lithium Project" in Elko County, Nevada who announced the highest grade lithium deposit in the USA. Sienna is also one of the larger landholders in Clayton Valley Nevada. Sienna's Clayton Valley projects include the Blue Clay Lithium Project, the Silver Peak South Project, and the Clayton Valley Deep Basin Lithium Project. Clayton Valley is home to the only lithium production in North America, being Albemarle Corp's Silver Peak deposit. This project is also near Tesla Motors Inc.'s  Gigafactory in Nevada. On March 18, 2021, Schlumberger New Energy Venture announced the development of a lithium extraction pilot plant through its new venture, NeoLith Energy in a strategic partnership with Pure Energy. The deployment of the pilot plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable approach uses a differentiated direct lithium extraction (DLE) process to enable the production of high-purity, battery-grade lithium material while reducing the production time from over a year to weeks. Results from this pilot plant are expected in 2024 and could have a significant impact on the brine prospects within Clayton Valley Nevada as Sienna is located in the deepest section of this brine deposit.

Qualified Person:

Mr. Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this news release.

If you would like to be added to Sienna's email list, please email info@siennaresources.com for information or join our twitter account at @SiennaResources.

Contact Information
Tel: 1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
info@siennaresources.com

"Jason Gigliotti"

President, Director
Sienna Resources Inc.

Statements in this news release that are not historical facts are forward-looking statements. Forward-looking statements are statements that are not historical, and consist primarily of projections - statements regarding future plans, expectations and developments. Words such as "expects", "intends", "plans", "may", "could", "potential", "should", "anticipates", "likely", "believes" and words of similar import tend to identify forward-looking statements. Forward-looking statements in this news release include uncertainty of exploration and development plans regarding the property; commodity price fluctuations; political or economic instability and regulatory changes; currency fluctuations, the state of the capital markets; uncertainty in the measurement of mineral reserves and resource estimates; the Company's ability to attract and retain qualified personnel and management; potential labour unrest; reclamation and closure requirements for mineral properties and the availability of capital to fund the Company's projects, as well as other risks and uncertainties identified under the heading "Risk Factors" in the Company's continuous disclosure documents filed on SEDAR. You are cautioned that the foregoing list is not exhaustive of all factors and assumptions which may have been used. The Company cannot assure you that actual events, performance or results will be consistent with these forward-looking statements, and management's assumptions may prove to be incorrect. These forward-looking statements reflect current expectations regarding future events and operating performance and speak only as of the date hereof and the Company does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable law. For the reasons set forth above, you should not place undue reliance on forward-looking statements.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/223080

FAQ

What was SLB's lithium recovery rate in their Clayton Valley demonstration plant?

SLB (formerly Schlumberger) achieved a 96% lithium recovery rate from brine using direct lithium extraction (DLE) technology in their Clayton Valley demonstration plant.

How does Sienna Resources' (SNNAF) property relate to SLB's Clayton Valley Project?

Sienna Resources holds property within Pure Energy/SLB's Clayton Valley Project, specifically located in the deepest section of the basin.

What recent expansion has Sienna Resources (SNNAF) made to its Stonesthrow Gold Project?

Sienna Resources has significantly increased its acreage on the Stonesthrow Gold Project in Saskatchewan, which now consists of approximately 31,718 contiguous acres prospective for gold.

What new project did Sienna Resources (SNNAF) acquire in Ontario in May 2024?

In May 2024, Sienna Resources acquired the Case Lake West Cesium and Spodumene Pegmatite Project in the Larder Lake Mining division of Ontario, consisting of approximately 2,200 contiguous acres.

SIENNA RESOURCES INC ORD

OTC:SNNAF

SNNAF Rankings

SNNAF Latest News

SNNAF Stock Data

4.36M
200.54M
1.05%
Other Industrial Metals & Mining
Basic Materials
Link
United States of America
Vancouver