Business
Sienna Resources Enters into Joint Venture Agreement to Test the Deep Basin Lithium Brine Discovery Potential in Clayton Valley, Nevada
Vancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sienna Resources Inc. (TSXV: ...
About this update from Sienna Resources Inc
[{"type":"text","content":"Sienna Resources Enters into Joint Venture Agreement to Test the Deep Basin Lithium Brine Discovery Potential in Clayton Valley, NevadaVancouver, British Columbia--(Newsfile Corp. - January 28, 2026) - Sienna Resources Inc. (TSXV: SIEN) (OTCID: SNNAF) (WKN: A418KR) (the \"Company\" or \"Sienna\") is pleased to announce that it has entered into a joint venture agreement (\"JV\") with Cruz Battery Metals Corp. (\"Cruz\") and Adelayde Exploration Inc. (\"Adelayde\") 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 home to the only long-established producing lithium brine basin in the U.S., 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.Clayton Valley Lithium MapTo view an enhanced version of this graphic, please visit:https://images.newsfilecorp.com/files/854/281861_1ac586b2f4fb9a53_002full.jpgJason Gigliotti, President of Sienna, states, \"Lithium prices have been exploding in the past six months, up over 150 percent according to TradingEconomics.com. When you couple this with all-time highs in gold and silver (Kitco.com), there is a clearly improving investor appetite for junior mining stocks, as witnessed by the historic high volumes on the TSX Venture Exchange in the past month especially. Management feels this is a great strategic move to consolidate this land package, as it is the only group of claims located directly inside the only lithium brine basin in production in the USA. By consolidating this significant footprint into one block, this becomes much more appealing for potential larger partners and opens up more drilling locations with access to reach the deepest sections of brine formations in Clayton Valley. This is a win-win for all involved, and we look forward to getting activities started as lithium prices are at multi-year highs. With just over 40 million shares outstanding and fully cashed up, management is very optimistic about Sienna's leverage to any meaningful discovery on any of its major projects.\"Key terms of the Joint Venture Ag...