Business
USCM Receives Drill Permit for Clayton Ridge
Vancouver, British Colombia--(Newsfile Corp. - May 11, 2023) - US Critical Metals Corp. (TSXV: US...
About this update from Us Critical Metals Corp.
[{"type":"text","content":"USCM Receives Drill Permit for Clayton RidgeVancouver, British Colombia--(Newsfile Corp. - May 11, 2023) - US Critical Metals Corp. (TSXV: USCM) (OTCQB: USCMF) (FSE: 0IU0) (\"USCM\" or the \"Company\") is pleased to announce that the Bureau of Land Management (\"BLM\") has approved the Notice of Intent (\"NOI\") filed for the Phase 1 drill program at the Clayton Ridge Lithium Property (\"Clayton Ridge\" or the \"Project\"). The Project is located in Esmeralda County, Nevada and spans a total of approximately 3,600 acres within the Clayton Valley region, which is the only lithium producing region within the US.Clayton Ridge is located in the volcanic mountains above the Clayton Valley. The volcanic mountains potentially represent the source of lithium within the lower valley system, as the genesis of the lithium in the region is volcanic in nature. USCM has the right to a 100% interest in the Project subject to completing the following in 2023: (i) drill 1,500 meters on the Project, (ii) pay US$75,000 in cash to the property vendor; and (iii) issue 500,000 common shares of the Company to the property vendor. Upon completion of the foregoing conditions, USCM will acquire a 100% interest in Clayton Ridge. The NOI permits 4.72 acres of disturbance area, which will include 11 drill pads and approximately 2,900 meters of constructed roads. Upon completion of this drill program, the Company will seek to reclaim additional acres in order to advance with subsequent programs prior to completing a Plan of Operations. Westland Engineering & Environmental Services, Inc. prepared and filed the now approved NOI with the BLM.The Company is currently making operational arrangements to commence the drilling at the Clayton Ridge and will be forthcoming with further details. Management Commentary Mr. Darren Collins, Chief Executive Officer and Director of USCM, comments: \"We extend our thanks to the BLM from an efficient and professional permitting process. USCM now has a full drill ready and permitted property that we intend to test in the near future.\"QP StatementRobert J. Johansing, BSc (geology), MSc (economic geology), who is a qualified person as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects (the \"QP\"), has reviewed and approved the scientific and technical information contained in this news rele...