AMERICAN SALARS ACQUIRES 18,083 HECTARE BRAZIL HARDROCK LCT PEGMATITE PROPERTY WITH RECENT SAMPLING UP TO 3.72% LI20 AND SIGNIFICANT RARE EARTH ELEMENT VALUES
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF) has entered into a share purchase agreement to acquire a 100% interest in an 18,083-hectare Hardrock LCT Pegmatite Project in Brazil's Jaguaribe/Solonópole region. The Jaguaribe Project has shown promising initial sample discoveries with up to 3.72% Li2O, along with significant rare earth elements and critical minerals.
The property features multiple extensive pegmatite dykes measuring up to 30 meters in width and 300 meters in length. Initial sampling revealed high values of various elements, including 554.5 ppm of Cesium, 135 ppm of Tantalum, and 177 ppm of Niobium. The acquisition terms include issuing 3,500,000 units of American Salars, each consisting of one common share and one purchase warrant at 20c for three years.
The company has secured field crews and specialists for a Phase 2 work program to map pegmatite outcrops and sample new areas, with plans for a follow-up drilling program. The project benefits from favorable infrastructure, including proximity to deep-water ports and international airports.
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF) ha stipulato un accordo di acquisto di azioni per acquisire una partecipazione del 100% in un progetto Hardrock LCT Pegmatite di 18.083 ettari nella regione Jaguaribe/Solonópole in Brasile. Il progetto Jaguaribe ha mostrato promettenti scoperte iniziali con campioni che raggiungono fino a 3,72% Li2O, insieme a significativi elementi delle terre rare e minerali critici.
La proprietà presenta numerosi dykes pegmatitici estesi che misurano fino a 30 metri di larghezza e 300 metri di lunghezza. I campionamenti iniziali hanno rivelato alti valori di vari elementi, tra cui 554,5 ppm di Cesio, 135 ppm di Tantalio e 177 ppm di Niobio. I termini di acquisizione includono l'emissione di 3.500.000 unità di American Salars, ciascuna composta da un'azione comune e un warrant d'acquisto a 20 centesimi per tre anni.
L'azienda ha assicurato squadre di lavoro e specialisti per un programma di lavoro Fase 2 per mappare i affioramenti di pegmatite e campionare nuove aree, con piani per un programma di perforazione di follow-up. Il progetto beneficia di un'infrastruttura favorevole, inclusa la vicinanza a porti in acque profonde e aeroporti internazionali.
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF) ha firmado un acuerdo de compra de acciones para adquirir un 100% de interés en un proyecto Hardrock LCT Pegmatite de 18,083 hectáreas en la región de Jaguaribe/Solonópole en Brasil. El proyecto Jaguaribe ha mostrado descubrimientos iniciales prometedores con muestras que alcanzan hasta 3.72% Li2O, junto con elementos de tierras raras significativos y minerales críticos.
La propiedad cuenta con múltiples diques pegmatíticos extensos que miden hasta 30 metros de ancho y 300 metros de largo. El muestreo inicial reveló altos valores de varios elementos, incluidos 554.5 ppm de Cesio, 135 ppm de Tantalio y 177 ppm de Niobio. Los términos de adquisición incluyen la emisión de 3,500,000 unidades de American Salars, cada una compuesta por una acción común y un warrant de compra a 20 centavos por tres años.
La empresa ha asegurado equipos de campo y especialistas para un programa de trabajo Fase 2 para mapear los afloramientos de pegmatita y muestrear nuevas áreas, con planes para un programa de perforación de seguimiento. El proyecto se beneficia de una infraestructura favorable, incluida la proximidad a puertos en aguas profundas y aeropuertos internacionales.
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF)는 브라질 자과리베/솔로노폴 지역에 있는 18,083헥타르 규모의 하드록 LCT 페그마타이트 프로젝트에 대한 100% 지분을 인수하기 위한 주식 매매 계약을 체결했습니다. 자과리베 프로젝트는 최대 3.72% Li2O의 초기 샘플 발견을 보여주었으며, 중요한 희토류 원소와 필수 광물도 포함되어 있습니다.
이 부지는 폭이 최대 30미터, 길이가 300미터에 달하는 여러 개의 광범위한 페그마타이트 다이크를 특징으로 합니다. 초기 샘플링에서 세슘 554.5ppm, 탄탈럼 135ppm, 니오븀 177ppm 등 다양한 원소의 높은 값이 드러났습니다. 인수 조건에는 American Salars의 3,500,000 유닛 발행이 포함되며, 각 유닛은 하나의 보통주와 3년 동안 20센트에 구매할 수 있는 워런트로 구성됩니다.
회사는 페그마타이트 노출을 매핑하고 새로운 지역을 샘플링하기 위해 필드 팀과 전문가를 확보했으며, 후속 드릴링 프로그램을 계획하고 있습니다. 이 프로젝트는 깊은 수역의 항구와 국제 공항과의 근접성 등 유리한 인프라의 이점을 누리고 있습니다.
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF) a signé un accord d'achat d'actions pour acquérir un intérêt de 100% dans un projet Hardrock LCT Pegmatite de 18 083 hectares dans la région de Jaguaribe/Solonópole au Brésil. Le projet Jaguaribe a montré des découvertes d'échantillons initiales prometteuses avec jusqu'à 3,72% Li2O, ainsi que des éléments de terres rares significatifs et des minéraux critiques.
La propriété présente plusieurs dyke pegmatitiques étendus mesurant jusqu'à 30 mètres de large et 300 mètres de long. Les échantillonnages initiaux ont révélé des valeurs élevées de divers éléments, y compris 554,5 ppm de césium, 135 ppm de tantale et 177 ppm de niobium. Les conditions d'acquisition comprennent l'émission de 3 500 000 unités d'American Salars, chacune composée d'une action ordinaire et d'un bon de souscription à 20 cents pendant trois ans.
L'entreprise a sécurisé des équipes de terrain et des spécialistes pour un programme de travail de phase 2 afin de cartographier les affleurements de pegmatite et d'échantillonner de nouvelles zones, avec des projets pour un programme de forage de suivi. Le projet bénéficie d'une infrastructure favorable, y compris la proximité des ports en eau profonde et des aéroports internationaux.
American Salars Lithium Inc. (CSE: USLI, OTC: USLIF) hat einen Aktienkaufvertrag unterzeichnet, um eine 100%ige Beteiligung an einem 18.083 Hektar großen Hardrock LCT Pegmatit-Projekt in der Region Jaguaribe/Solonópole in Brasilien zu erwerben. Das Jaguaribe-Projekt hat vielversprechende erste Probenentdeckungen mit bis zu 3,72% Li2O gezeigt, zusammen mit signifikanten Seltenen Erden und kritischen Mineralien.
Das Grundstück verfügt über mehrere umfangreiche Pegmatit-Gänge mit einer Breite von bis zu 30 Metern und einer Länge von 300 Metern. Die ersten Probenahmen ergaben hohe Werte verschiedener Elemente, darunter 554,5 ppm Cäsium, 135 ppm Tantal und 177 ppm Niobium. Die Bedingungen für den Erwerb umfassen die Ausgabe von 3.500.000 Einheiten von American Salars, die jeweils aus einer Stammaktie und einem Kaufoptionsschein zu 20 Cent für drei Jahre bestehen.
Das Unternehmen hat Feldteams und Spezialisten für ein Phase-2-Arbeitsprogramm gesichert, um Pegmatit-Afflorierungen zu kartieren und neue Bereiche zu sampeln, mit Plänen für ein Folgebohrprogramm. Das Projekt profitiert von einer günstigen Infrastruktur, einschließlich der Nähe zu Tiefwasserhäfen und internationalen Flughäfen.
- High-grade lithium samples with up to 3.72% Li2O content
- Strategic location with access to ports and infrastructure
- Multiple extensive pegmatite dykes discovered
- Property includes historic artisanal mining sites
- Project contains valuable rare earth elements and critical minerals
- Related-party transaction with CEO being director and indirect shareholder of vendor
- Significant share dilution through 3.5M unit issuance for acquisition
- Additional dilution through marketing agreement requiring stock options
- Early-stage exploration project with no defined resources yet
VANCOUVER, BC, Feb. 18, 2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces that it has entered into a share purchase agreement to acquire all of the outstanding shares of 1447377 BC Ltd. (the “Vendor”) that holds a
The Jaguaribe Project is located in the Jaguaribe/Solonópole region in the State of Ceará, in Northern Brazil and hosts multiple extensive Lithium and REE bearing pegmatite dykes that have returned initial sample discoveries of up to
American Salars CEO & Director R. Nick Horsley states, “We continue to add highly prospective assets to our portfolio of lithium projects in North and South America. Brazil has been one of the global epicenters for lithium production and American Salars’ Jaguaribe project is located in a known pegmatite district and contains high-grade lithium samples and significant Rare Earth Elements values. We will plan a much more significant exploration program to map pegmatites and further sample and define the geological values in this critical mineral rich area.”
The initial phase 1 exploration program revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored. American Salars has secured field crews, a Brazil focussed senior geologist and Quebec based Hardrock lithium specialist QP Mitch Lavery to oversee a more extensive Phase 2 work program to map the pegmatite outcrops and extensively sample new and known areas of mineralization. The Company is in the process of engaging sampling crews and is working with local Brazil based geological consultants to help plan a follow up drilling program to evaluate the priority targets.
About the Jaguaribe Property
- The Jaguaribe Property covers historic artisanal mining sites previously mined for lithium, coltan (tantalum and niobium) and tin.
- Initial sampling of the Jaguaribe Pegmatites returned Spodumene bearing pegmatite samples that graded up to
3.72% Li2O as well as Rare Earth Elements.
- Phase 2 sampling will test multiple additional LCT Pegmatite targets.
- Ideal project location - Historical Pegmatite Province Brazil.
- Approximately 4-hour drive on paved roads to port and international airport (Fortaleza).
- The topography, land use and vegetation at Jaguaribe Property is well suited for exploration activities.
- Arid, sparsely populated farmland, no rain forest.
- Northern Brazil provides shipping routes and deep-water ports to North American and European battery chemical markets.
Figure 1. Geological Map of the Solonópole/Jaguaribe Region, with location of the Jaguaribe claim blocks shown in YELLOW color.
Please click to view image
Multi elements ICP analysis (55 elements) of 13 pegmatites sampled across the Company’s
Pegmatite VM-EJ-01 is an LCT (Lithium-Cesium-Tantalum) pegmatite, since in addition to 3.72 Li2O, anomalous values of 554.5 ppm of Cesium and 135 ppm of Tantalum were recorded, accompanied by 177 ppm of Niobium and high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm). Initial fieldwork also detected two additional pegmatites with
Figure 2. LCT pegmatite Outcrops and Surface Samples from vein in a North-Northeast direction and embedded in gneiss.
Please click to view image
Figure 3. Location of the Pegmatite Districts of Ceará, Brazil.
Please click to view image
Geochemical Characteristics of Pegmatites, Jaguaribe Project, Ceará, Brazil
Multi-element analyses were carried out at the SGS laboratory for 58 elements including REE, from 12 samples from the Jaguaribe Project. These samples were analyzed by the ICM90A method: determination with fusion in sodium peroxide-ICP OES/ICP MS.
Geochemistry of the samples of Pegmatites from the Jaguaribe Project area, were compared with the standard sample or standard analysis provided by the SGS laboratory, with the common elements and their contents in a LCT-type Pegmatite (Lithium, Cesium and Tantalum).
The pegmatite from the VM-R-01 Pegmatite sample, which contained Lepidolite and a content of
The results of the VM-R-8 and VM-R-10 analyses show a good correlation with the results of the SGS standard sample, regarding the contents of Rb, Ba, Cs, Ta, Nb and P, but the Li levels fell, respectively, to 110 ppm and less than 10 ppm. This sharp drop in the Li levels of these samples is mainly due to the leaching of Li minerals by surface waters, notably Spodumene, a phenomenon observed in most of the pegmatites in the region, whose Li levels increase substantially in the subsurface in mining pits, in the companies' research excavations and mainly in drill holes.
Terms of the Agreement
The Company will acquire all of the outstanding common shares of 1447377 BC Ltd. (the “1447377 Shares”) by issuing 3,500,000 units of the Company (“American Salars Units”) to the shareholders of 1447377 BC Ltd.
The American Salars Units will be subject to a hold period expiring four months and one day from the date of issuance and will consist of one common share and one common share purchase warrant at 20c for a period of three years.
1447377 BC Ltd. will, upon issuance of the USLI Shares, become a wholly owned subsidiary of USLI.
The acquisition is subject to the approval of the Canadian Securities Exchange (the "CSE") and pursuant to the policies of the CSE, the Shares are subject to a hold period of four months from the date of issuance.
The acquisition is subject to
MI 61-101 Disclosure – Acquisition
Mr. Nick Horsley, CEO of the Company, is a director of 1447377 BC Ltd. and an indirect shareholder of 1447377 BC Ltd. and, as such, the acquisition is a related-party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration to be issued pursuant to the acquisition will not exceed 25 per cent of the company's market capitalization. The Company’s two independent board members had due diligence conducted by Mitchell Lavery who reviewed the available geological information to determine if the Company should acquire the property.
WTS Capital Agreement
Additionally, The Company as entered into a three-month service agreement with Walk The Street Capital (“WTS Capital”), effective February 18, 2025. Under the agreement, WTS Capital will provide promotional marketing services, including analysis articles, news releases, marketing video production, and social media engagement across platforms like X, Reddit, and Discord. The compensation includes a
QUALIFIED PERSON
The technical content in this release has been reviewed and approved by Mitchell E. Lavery, P. Geo, who is a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects. The Company's QP has not verified the technical and scientific information from neighboring projects and has relied on the information provided on the individual corporations’ websites.
ABOUT AMERICAN SALARS
American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.
All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter, TikTok, Facebook and Instagram.
On Behalf of the Board of Directors,
“R. Nick Horsley”
R. Nick Horsley, CEO
For further information, please contact:
American Salars Lithium Inc.
Phone: 604.740.7492
E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.
FAQ
What are the key lithium grades discovered at American Salars' Jaguaribe Project?
How many hectares does the new American Salars USLIF Brazilian acquisition cover?
What is the acquisition cost for American Salars' USLIF Brazilian pegmatite project?
What rare earth elements were found in American Salars' USLIF Jaguaribe samples?
What are the dimensions of the pegmatite dykes at USLIF's Jaguaribe Project?
