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American Salars Lithium to Acquire up to 100% of the Petawaga Lithium-Niobium-Uranium Project, Quebec
VANCOUVER, BC – TheNewswire - FEBRUARY 26th, 2026 – AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E
About this update from American Salars Lithium Inc.
[{"type":"text","content":"VANCOUVER, BC – TheNewswire - FEBRUARY 26th, 2026 – AMERICAN SALARS LITHIUM INC. (\"AMERICAN SALARS\" OR THE \"COMPANY\") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) is pleased to announce that it has entered into a Mineral Claims Option Agreement dated February 24th, 2026, to acquire up to a 100% undivided interest in seven (7) mineral claims comprising the Petawaga Lithium–Niobium–Uranium Project located approximately 45 kilometres northwest of Mont-Laurier, Québec. The seven claims collectively cover approximately 411 hectares and encompass the entirety of the historical Petawawa River showing, including the site of a 45 kg bulk sample collected from a pegmatitic dyke that returned 3.4% Nb2O5 and 0.65% U3O81. The property benefits from year-round road access and proximity to established infrastructure in the Mont-Laurier region. Historical exploration results referenced herein are derived from publicly filed assessment reports available through the SIGÉOM geological database administered by the Ministère des Ressources et des Forêts du Québec. Petawaga Project Overview The Petawaga Project is located in the southwest part of the Grenville Geological Province and straddles the limits of the Baskatong Promontory and the Central Gneissic Belt, two important structural domains separated by a major thrust fault. Historical exploration work reported the presence of several pegmatites located nearby the Petawaga River. Samarskite, euxenite, thorianite, columbite and lepidolite were recognized in these pegmatites1. On a regional scale, the area surrounding Mont-Laurier is known to host several uranium pegmatites and, more lately, niobium and REE-bearing dykes were identified (Boxi, Lac Lyon, Lac Leroux showings). These showings are located on the margin of the Baskatong promontory and Central Metasedimentary Belt, which suggests a favorable context for the emplacement of pegmatites derived from anatexis. The Company cautions that historical results have not been independently verified and should not be relied upon as current mineral resources. However, the bulk nature of the sampling indicates that the grades were not derived from selective grab specimens but from material collected at meaningful scale. REFERENCE Corminboeuf, F., 1956. Geological Report, Petawaga Mining Corp;GM 04222 7 p. Transaction Terms The...