Business
Adelayde Exploration Enters into Joint Venture Agreement to Explore the Deep Basin Lithium Brine Potential in Clayton Valley, Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") announces it has entered into a joint venture agreement ("JV") with Sienna Resources Inc. ("Sienna") and Cruz Battery Metals Corp. ("Cruz") to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by,.
About this update from Adelayde Exploration Inc.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Adelayde Exploration Inc. (CSE: ADDY) (OTCID: SPMTF) (WKN: A41AGV) (the "Company" or "Adelayde") announces it has entered into a joint venture agreement ("JV") with Sienna Resources Inc. ("Sienna") and Cruz Battery Metals Corp. ("Cruz") to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by, SLB's (formerly Schlumberger) and Pure Energy Minerals' Lithium Deposit (see map below). Clayton Valley, Nevada is the only long-established producing lithium brine basin in the U.S., home to Albemarle's Silver Peak lithium brine mine, which extracts lithium from subsurface brines. It has been the sole U.S. producing lithium brine operation since the 1960's.","length":931,"tagName":"p"},{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":550,"height":364,"url":"https://media.zenfs.com/en/newsfile_64/2aa3be0dc38ac3de68e40cb6a48c4856"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/S6X9SlfG2xH5dqMbzyOdjw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTYzNTtjZj13ZWJw/https://media.zenfs.com/en/newsfile_64/2aa3be0dc38ac3de68e40cb6a48c4856","width":550,"height":364}},"href":"https://images.newsfilecorp.com/files/4360/281859_ba727847d44bfbc3_002full.jpg","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"To view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/4360/281859_ba727847d44bfbc3_002full.jpg","length":137,"tagName":"p","attribs":{}},{"type":"text","content":"James Nelson, President of Adelayde stated, "Lithium prices are currently at 2-year highs and are now up well over 150% since June 2025, according to tradingeconomics.com(1). With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to explore the deep basin lithium brine potential within Clayton Valley, Nevada. The main reason the JV was formed was to create one large block in the center of the Clayton Valley lithium brine basin to formulate a drill program to test the deepest part with a shared cost and benefi...