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USCM Announces Extension of Option Agreement for McDermitt East Lithium Project Amid Government Interest in Thacker Pass
Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company") is pleased to announce that it has received a six-month extension (the "Extension") to satisfy its obligations that were due on the second year anniversary of the Option and Exploration Agreement (the "Agreement") for the McDermitt Lithium East Project ("McDermitt East" or the "Project"), located on the eastern margin of the McDermitt...
About this update from Us Critical Metals Corp.
[{"type":"text","content":"Vancouver, British Columbia--(Newsfile Corp. - September 25, 2025) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU) ("USCM" or the "Company") is pleased to announce that it has received a six-month extension (the "Extension") to satisfy its obligations that were due on the second year anniversary of the Option and Exploration Agreement (the "Agreement") for the McDermitt Lithium East Project ("McDermitt East" or the "Project"), located on the eastern margin of the McDermitt Caldera in Nevada. The Agreement provides the Company with the option to acquire up to a 50% interest in the Project and a further option to acquire an additional 25% interest for an aggregate total of 75% interest in the Project (reference full transaction details, here). In consideration for the Extension, USCM will issue an additional 167,000 common shares to Live Energy Minerals Corp. ("LIVE") pursuant to the terms of the Extension. The shares are being issued at a deemed value of $0.30. All common shares will be subject to a statuary 4-month hold period. Closing of the Extension is subject to acceptance of the Extension by the Canadian Securities Exchange (the "CSE").","length":1256,"tagName":"p"},{"type":"text","content":"This development comes as the Trump administration has signaled strong federal backing for U.S. lithium production, including discussions to acquire an equity stake in Lithium Americas as part of loan revisions to support the Thacker Pass project-the largest known lithium deposit in North America.1","length":299,"tagName":"p"},{"type":"text","content":"USCM previously reported sampling results of up to 2,129 ppm lithium at McDermitt East, underscoring the Project's potential as part of a strategically vital U.S. lithium district (reference full press release, here).","length":221,"tagName":"p"},{"type":"text","content":"Darren Collins, CEO of USCM, commented: "The extension for McDermitt East ensures we maintain a strong foothold in one of the most prospective lithium regions in the U.S. In addition, the U.S. federal interest in Thacker Pass validates the significance of this district, and we believe our asset positions will deliver meaningful long-term value for shareholders."","length":374,"tagName":"p"},{"type":"text","conte...