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POWR Lithium Congratulates American Lithium’s Increased Resource Estimate and Positive PEA
VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF), formerly Clear Sky Lithiu
About this update from Powr Lithium Corp
[{"type":"text","content":" VANCOUVER, British Columbia, Feb. 07, 2023 (GLOBE NEWSWIRE) -- POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF), formerly Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTCQB: CSKYF) (“POWR” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is excited by the recent American Lithium Corp. (“American Lithium”) (TSX-V:LI | NASDAQ:AMLI | Frankfurt:5LA1) announcements of technical reports detailing their expanded TLC Project Mineral Resource Estimate and positive Preliminary Economic Assessment (“PEA”). The TLC Project is located in the Esmerelda lithium district northwest of Tonopah, Nevada and lies directly adjacent to POWR’s Halo property. See American Lithium’s press release titled: American Lithium Files Updated Mineral Resource Technical Report on TLC Supporting Large Increase in Lithium Resources and Technical Report TLC Property Nye County, Nevada, USA (on SEDAR) for full details. American Lithium’s maiden PEA for the TLC project details a positive base case of an after-tax NPV8% US$3.26 Billion & After-tax IRR of 27.5%. Company CEO, Patrick Morris, notes, “We have been looking forward to the release of American Lithium’s updated technical reports since they first indicated they were expanding their TLC project resource in December. This new information, along with the upcoming results from our in-progress geophysics program, will allow us to refine our future exploration and drilling plans. More broadly, the announcement of a positive PEA shows the potential of lithium claystone in this region. I am excited for our year ahead as we work to advance our projects and provide shareholder value.” On Behalf of The Board of Directors, Sincerely, ~Patrick Morris~ Patrick MorrisChief Executive OfficerPOWR Lithium Corp.www.powrlithium.com About POWR Lithium Corp. (CSE: POWR) (FRA: 6JX / WKN: A3D6BS) (OTCQB: PWRLF)POWR Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The Company holds interests on the Halo and Eli properties in Nevada. The Company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. Fi...