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SPOD LITHIUM CORP. (SPODF) is a mineral exploration company focusing on battery, base, and precious metals. With flagship properties in Quebec and Ontario, recent results from prospecting programs have identified lithium-rich pegmatites and potential drill targets for the upcoming exploration season. The company's CEO, Chris Cooper, expressed enthusiasm for the future exploration work and the discovery of high-grade lithium anomalies in various blocks.
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SPOD Lithium Corp. receives a $200,000 grant from the Government of Ontario to support exploration efforts on its North Nipigon - Niemi Project. The grant aims to facilitate the exploration of critical minerals within Ontario, with SPOD focusing on geological mapping and litho-geochemical sampling. CEO Chris Cooper acknowledges the government's support, highlighting recent successes in sampling high Li2O percentages. The company plans an aggressive exploration program for 2024, targeting specific areas for further evaluation.
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Spod Lithium Corp. announces positive results from lithium grab samples and geometric survey from its prospecting program at MegaLi and La Grande 4 properties in Quebec, Canada. The drilling targets are identified through surface sampling and gravimetric survey on Spod’s Block C Pegmatite as part of the 2024 winter program. Initial prospecting on MegaLi and La Grande 4 claim blocks A, D, E, F all returned Li anomalies. The highest result from La Grande 4 block A is 540 ppm Li. Grab samples from the lithium-bearing pegmatites on Spod’s discovery Block C, located 5 km east south-east from the Patriot Battery Metals CV5 spodumene resources, assayed up to 440 ppm Li, and rubidium enrichment reaching 2,920 ppm.
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MegaLi Corp (MLI) Completes Fieldwork Exploration, Identifies Potential Lithium-Cesium-Tantalum Pegmatites
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Spod Lithium Corp. provides an exploration update on its MegaLi project, revealing the discovery of multiple large pegmatite intrusions on Block C. The intrusions have a potential thickness of 10 to 50 meters and are composed of minerals such as potassic feldspar, albitic plagioclase, quartz, and muscovite. The company has taken 111 rock-chip samples for assaying, with 79 samples originating from Block C. These findings indicate favorable sectors for lithium mineralization, which could positively impact the company's stock price.
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Spod Lithium Corp. announces its initial exploration plan for its North Nipigon / Niemi Lithium project in Ontario. The project is adjacent to Rock Tech's Georgia Lake Deposit and Imagine Lithium's Jackpot project. Exploration activities will include prospecting, mapping, rock and soil sampling, geophysical surveying, and a diamond drill program in winter 2023/2024.
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FAQ
What is the current stock price of Spod Lithium (SPODF)?
The current stock price of Spod Lithium (SPODF) is $0.022 as of February 7, 2025.
What is the market cap of Spod Lithium (SPODF)?
The market cap of Spod Lithium (SPODF) is approximately 1.7M.
What is SPOD LITHIUM CORP. focused on?
SPOD LITHIUM CORP. is a mineral exploration company focusing on battery, base, and precious metals.
What recent achievements has SPOD LITHIUM CORP. announced?
Recent results from lithium grab samples and geometric surveys have identified prospective drill targets for the 2024 exploration program.
Who is the CEO of SPOD LITHIUM CORP.?
Chris Cooper serves as the CEO of SPOD LITHIUM CORP.
What regions are SPOD LITHIUM CORP.'s flagship assets located in?
The flagship assets of SPOD LITHIUM CORP. are located in the James Bay region of Quebec and the Nipigon and Niemi region of Ontario, Canada.
What type of minerals is SPOD LITHIUM CORP. exploring for?
SPOD LITHIUM CORP. is primarily exploring for battery, base, and precious metals.
What has the OJEP grant allowed SPOD LITHIUM CORP. to do?
The OJEP grant has facilitated the exploration of critical minerals within Ontario, supporting SPOD LITHIUM CORP.'s field exploration programs.
What notable discovery did SPOD LITHIUM CORP. make during the 2023 field season?
SPOD LITHIUM CORP. made a discovery of a spodumene bearing pegmatite boulder on the south shore of Jean Lake, returning 1.28% Li2O.
Who is the Qualified Person for SPOD LITHIUM CORP.'s properties?
Martin Demers, PGeo, serves as the qualified person for SPOD LITHIUM CORP.'s properties under National Instrument 43-101.
What regions are the priority work areas for SPOD LITHIUM CORP. in the 2024 field season?
The priority work areas for SPOD LITHIUM CORP. in the 2024 field season include the central and northwest portion of Block B, the western portion of Block A, and the Parole Lake area.
What kind of exploration programs are planned by SPOD LITHIUM CORP. for 2024?
An aggressive geological mapping and prospecting program is planned for the 2024 field exploration season, targeting specific areas of interest for further exploration.
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