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LODESTAR METALS CORP - SVTNF STOCK NEWS

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Lodestar Battery Metals Corp. is a Canadian mining exploration company focused on the battery metals space. The Company's 100% owned flagship Peny Property comprises of 47 mineral claims totaling 11,191 hectares in the Snow Lake District, Manitoba, with access to tier-1 existing infrastructure: railway, roads, airstrip, and power. The Company also owns 100% interest in two significant silver assets in Mexico. Lodestar aims to build a strong portfolio of battery metals projects to drive future growth through exploration success and from later-stage projects with production potential.

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Lodestar Battery Metals announces update on 2023 summer work program at Peny Property in Snow Lake Mining District, Manitoba. Numerous exploration targets identified. Collaboration with Axiom Exploration Group to lead exploration activities. Assay results pending. Leo Horn joins board of directors. Luke van der Meer appointed as Vice-President Exploration. Share consolidation reversed. Strong cash position of approximately $1.7M.
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Lodestar Battery Metals has filed an updated technical report for the Peñasco Quemado Project in Mexico. The report highlights include 6.2 million ounces of silver classified as inferred, a low strip ratio, and future resource growth potential. The company aims to explore its established resource zones and considers its diverse portfolio of assets.
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Lodestar Battery Metals Corp. (TSX-V: LSTR, OTCQB: SVTNF) announced the acquisition of an additional 7,859 hectares of mineral claims adjacent to its Peny Property in Manitoba's Snow Lake District. This strategic move aims to enhance the company's presence in the promising lithium pegmatite region. CEO Lowell Kamin emphasized the importance of this expansion for shareholder interests and future exploration initiatives. The new claims, totaling 47 for 11,191 hectares, were staked in February 2023 based on favorable geological assessments. Past exploration results, although not significant for lithium, indicate a correlation with other elements. Lodestar plans to leverage advanced remote sensing techniques to explore mineral targets effectively.

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Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) announced a letter of intent to acquire The Wholesome Organic Limited, owner of the Peny Property in Manitoba, Canada. The purchase involves 13,000,000 shares valued at $1,235,000 at $0.095 per share. The Peny Property, spanning 3,204 hectares, is adjacent to a former VMS mine and is expected to focus on lithium exploration due to increasing demand in battery technology. The acquisition is pending due diligence and TSX Venture Exchange approval.

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Silverton Metals Corp. (TSX-V: SVTN, OTCQB: SVTNF) has entered a share purchase agreement to acquire the Margaritas Gold-Silver Property in Durango, Mexico, from Zapata Exploration Ltd. and 0924682 B.C. Ltd. The Margaritas Property encompasses 500 hectares and is noted for its high-grade gold-silver deposits, with gold grades reported at up to 73.7 g/t. Silverton plans to expedite exploration with environmental permits already in progress. The transaction includes issuing 750,000 common shares and a 0.5% royalty. Closing is subject to customary conditions and acceptance by the TSX Venture Exchange.

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Silverton Metals Corp. has announced significant progress at its 100% owned Peñasco Quemado project in Sonora, Mexico. Step-out drilling has extended silver mineralization in two areas, notably with drill hole PQ21-3 intersecting 438 g/t Ag and 0.62% Cu over 0.95 meters. This marks an expansion of nearly 400 meters from the nearest hole. Additional drilling has also expanded the mineralization by 300 meters at the Peñasco Pit. The company plans to explore further and potentially update the historic resource estimate of 9.6 million ounces of silver.

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Silverton Metals Corp. (TSX-V: SVTN) (OTCQB: SVTNF) has signed a three-year access agreement with the Comisariado Ejidal of Ejido Mapimi, allowing surface exploration at their Pluton silver-zinc project in Durango, Mexico. The agreement enables diamond drilling and the use of a core storage facility. Initial exploration is underway, with a seismic survey scheduled for January 2022. Recent geophysical data processing has revealed new target areas potentially indicating mineralization. Silverton has also engaged Proactive Investors for a year of editorial coverage to boost visibility.

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Silverton Metals Corp. (OTCQB: SVTNF) has announced the initiation of a 2,200-meter diamond drilling program at its wholly-owned Peñasco Quemado project in Sonora, Mexico. The drilling will focus on two priority areas, La Fortuna and Penasco Pit, targeting significant mineralization as indicated by soil geochemical anomalies. Historic drilling in these areas has shown promising silver values, with high grades detected in previous drill holes. The company aims to confirm the continuity of mineralization and plans further phases of drilling depending on initial results.

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On October 25, 2021, Silverton Metals Corp. announced exploration updates for its Pluton silver-zinc-lead project in Durango, Mexico. Recent geophysical data processing has identified new targets and refined existing ones. Notable findings include the new San Andres target, with surface assays showing 4%-5.5% Pb-Zn, and drill hole results indicating 6.6% Pb and 9.5% combined Zn-Pb. The company is moving forward with permitting for seismic tests and plans drilling for 1H2022. Silverton aims to leverage modern data processing to enhance exploration success and build its silver project portfolio.

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FAQ

What is the current stock price of LODESTAR METALS (SVTNF)?

The current stock price of LODESTAR METALS (SVTNF) is $0.01215 as of December 16, 2024.

What is the market cap of LODESTAR METALS (SVTNF)?

The market cap of LODESTAR METALS (SVTNF) is approximately 632.3K.

What is the focus of Lodestar Battery Metals Corp.?

Lodestar is focused on the battery metals space and aims to build a strong portfolio of battery metals projects.

Where is the Peny Property located?

The Peny Property is located in the Snow Lake District, Manitoba, and comprises 47 mineral claims totaling 11,191 hectares.

What infrastructure does the Peny Property have access to?

The Peny Property has access to tier-1 existing infrastructure, including railway, roads, airstrip, and power.

What are the significant assets owned by Lodestar in Mexico?

Lodestar owns 100% interest in two significant silver assets in Mexico.

What is Lodestar's business plan for future growth?

Lodestar plans to achieve growth through exploration success, later-stage projects with production potential, acquisitions, and partnerships.

Who is the President, CEO, and Chairman of the Board of Lodestar Battery Metals Corp.?

Lowell Kamin serves as the President, CEO, and Chairman of the Board of Lodestar.

What services does Axiom Exploration Group provide to Lodestar?

Axiom Exploration Group provides complete project management, qualified geologists, equipment, and custom exploration solutions to Lodestar.

What is the focus of the upcoming electromagnetic geophysical survey on the Peny Property?

The survey aims to refine historical survey work and highlight unidentified conductors along the BUR Trend, extending from Hudbay's property.

How has Lodestar utilized the grant received from the Manitoba Mineral Development Fund?

Lodestar has used the grant to complete exploration work on its 100% owned Peny Property in Manitoba.

What are the terms of the investor relations agreement with Grant Galloway?

Under the agreement, Grant Galloway will provide investor relations services to Lodestar for a term of three months with a monthly payment of US $25,000.

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