2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC
("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI
WKN: A3E2NY) announces that it has entered into a share purchase agreement to acquire all of the outstanding shares of 1447377 BC Ltd
(the “Vendor”) that holds a 100% interest in a highly prospective 18,083 Hectares (180 sq km) Hardrock LCT (“Lithium-Cesium-Tantalum”) Pegmatite Project including Rare Earth Elements (“REE”) and a suite of Critical Minerals (the “Jaguaribe Project”)
The Jaguaribe Project is located in the Jaguaribe/Solonópole region in the State of Ceará
in Northern Brazil and hosts multiple extensive Lithium and REE bearing pegmatite dykes that have returned initial sample discoveries of up to 3.72% Li2O
2.15% Li2O and 1.58% Li2O as well as 554.5 ppm of Cesium
One sample showed high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm)
CEO of the Company is a director and indirect shareholder of the Vendor
See “MI 61-101 Disclosure – Acquisition” below
“We continue to add highly prospective assets to our portfolio of lithium projects in North and South America
Brazil has been one of the global epicenters for lithium production and American Salars’ Jaguaribe project is located in a known pegmatite district and contains high-grade lithium samples and significant Rare Earth Elements values
We will plan a much more significant exploration program to map pegmatites and further sample and define the geological values in this critical mineral rich area.”
The initial phase 1 exploration program revealed multiple long and wide pegmatite dykes that measure up to 30 meters in width and up to 300 meters in length that are largely unexplored
a Brazil focussed senior geologist and Quebec based Hardrock lithium specialist QP Mitch Lavery to oversee a more extensive Phase 2 work program to map the pegmatite outcrops and extensively sample new and known areas of mineralization
The Company is in the process of engaging sampling crews and is working with local Brazil based geological consultants to help plan a follow up drilling program to evaluate the priority targets
Figure 1. Geological Map of the Solonópole/Jaguaribe Region, with location of the Jaguaribe claim blocks shown in YELLOW color.Please click to view image
Multi elements ICP analysis (55 elements) of 13 pegmatites sampled across the Company’s 100% owned Jaguaribe Project
one (VM-EJ-R-01) is mineralized with Lithium at (3.72% Li2O)
because it was the first geological reconnaissance work carried out on the Project
The presence of Li bearing Lepidolite and Spodumene minerals was observed in the pegmatites during the initial fieldwork
Pegmatite VM-EJ-01 is an LCT (Lithium-Cesium-Tantalum) pegmatite
anomalous values of 554.5 ppm of Cesium and 135 ppm of Tantalum were recorded
accompanied by 177 ppm of Niobium and high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm)
Initial fieldwork also detected two additional pegmatites with 2.15% and 1.58% Li2O
which led to the exploration and acquisition of the 10 claim blocks that make up the Jaguribe Property
Figure 2. LCT pegmatite Outcrops and Surface Samples from vein in a North-Northeast direction and embedded in gneiss.Please click to view image
Figure 3. Location of the Pegmatite Districts of Ceará, Brazil.Please click to view image
Multi-element analyses were carried out at the SGS laboratory for 58 elements including REE
from 12 samples from the Jaguaribe Project
These samples were analyzed by the ICM90A method: determination with fusion in sodium peroxide-ICP OES/ICP MS
Geochemistry of the samples of Pegmatites from the Jaguaribe Project area
were compared with the standard sample or standard analysis provided by the SGS laboratory
with the common elements and their contents in a LCT-type Pegmatite (Lithium
The pegmatite from the VM-R-01 Pegmatite sample
which contained Lepidolite and a content of 1.54% Li2O
shows a strong geochemical correlation with the standard sample
the latter being much higher (135 ppm Ta) than the Ta content of the SGS standard sample (18 ppm Ta)
The VM-R-1 sample also shows a correlation with the SGS standard
Other pegmatite samples from the Jaguaribe Project
are iron enriched and present less marked correlations
in relation to the contents of the standard sample only in the elements Li
although they show anomalous geochemical values of Cs
The results of the VM-R-8 and VM-R-10 analyses show a good correlation with the results of the SGS standard sample
This sharp drop in the Li levels of these samples is mainly due to the leaching of Li minerals by surface waters
a phenomenon observed in most of the pegmatites in the region
whose Li levels increase substantially in the subsurface in mining pits
in the companies' research excavations and mainly in drill holes
The Company will acquire all of the outstanding common shares of 1447377 BC Ltd
(the “1447377 Shares”) by issuing 3,500,000 units of the Company (“American Salars Units”) to the shareholders of 1447377 BC Ltd
The American Salars Units will be subject to a hold period expiring four months and one day from the date of issuance and will consist of one common share and one common share purchase warrant at 20c for a period of three years
The acquisition is subject to the approval of the Canadian Securities Exchange (the "CSE") and pursuant to the policies of the CSE
the Shares are subject to a hold period of four months from the date of issuance
The acquisition is subject to 5% finder’s fee
and an indirect shareholder of 1447377 BC Ltd
the acquisition is a related-party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions
The Company’s two independent board members had due diligence conducted by Mitchell Lavery who reviewed the available geological information to determine if the Company should acquire the property
The Company as entered into a three-month service agreement with Walk The Street Capital (“WTS Capital”)
WTS Capital will provide promotional marketing services
and social media engagement across platforms like X
The compensation includes a $40,000 upfront cash payment and issue 100,000 stock options to be granted with the next option grant
WTS Capital's business address is 405 Ridge Rd
it's contact email is info@wtscapital.io and phone number is 905-321-1470
The technical content in this release has been reviewed and approved by Mitchell E
who is a Qualified Person as defined by National Instrument 43-101
Standards of Disclosure for Mineral Projects
The Company's QP has not verified the technical and scientific information from neighboring projects and has relied on the information provided on the individual corporations’ websites
American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market
American Salars Lithium Inc. Phone: 604.740.7492 E-Mail: info@americansalars.com
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release
Disclaimer for Forward-Looking Information
Certain statements in this release are forward-looking statements
which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications
Forward looking statements consist of statements that are not purely historical
including any statements regarding beliefs
Such statements are subject to risks and uncertainties that may cause actual results
or developments to differ materially from those contained in the statements
No assurance can be given that any of the events anticipated by the forward-looking statements will occur or
what benefits American Salars will obtain from them
These forward-looking statements reflect managements’ current views and are based on certain expectations
estimates and assumptions which may prove to be incorrect
A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements
including American Salars results of exploration or review of properties that American Salars does acquire
These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements
or to update the reasons why actual results differed from those projected in the forward-looking statements
except in accordance with applicable securities laws
2025 (GLOBE NEWSWIRE) -- AMERICAN SALARS LITHIUM INC
One sample showed high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm)
Nick Horsley states,“We continue to add highly prospective assets to our portfolio of lithium projects in North and South America
Figure 1. Geological Map of the Solonópole/Jaguaribe Region, with location of the Jaguaribe claim blocks shown in YELLOW color.Please click to view image
accompanied by 177 ppm of Niobium and high values for Rubidium (>10,000ppm); Tin (675 ppm) and Zinc (387ppm)
Figure 2. LCT pegmatite Outcrops and Surface Samples from vein in a North-Northeast direction and embedded in gneiss.Please click to view image
Figure 3. Location of the Pegmatite Districts of Ceará, Brazil.Please click to view image
The acquisition is subject to 5% finder’s fee
American Salars Lithium Inc. Phone: 604.740.7492 E-Mail: info@americansalars.com
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Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab)
(\"AMERICAN SALARS\" OR THE \"COMPANY\") (CSE: USLI
Figure 1. Geological Map of the Solonópole/Jaguaribe Region, with location of the Jaguaribe claim blocks shown in YELLOW color.Please click to view image
Figure 2. LCT pegmatite Outcrops and Surface Samples from vein in a North-Northeast direction and embedded in gneiss.Please click to view image
Figure 3. Location of the Pegmatite Districts of Ceará, Brazil.Please click to view image
The acquisition is subject to the approval of the Canadian Securities Exchange (the \"CSE\") and pursuant to the policies of the CSE
American Salars Lithium Inc. Phone: 604.740.7492 E-Mail: info@americansalars.com
Canadian explorer American Salars Lithium (CSE:USLI) has expanded its footprint in South America after picking up some lithium-cesium-tantalum (LCT) prospective ground in northern Brazil
The company has struck an all-scrip deal to acquire all of the outstanding shares of 1447377 BC
which wholly owns the 180km2 Jaguaribe Project – an LCT deposit also hosting rare earth elements (REE) and a suite of critical minerals
American Salars will issue 1447377 BC shareholders 3.5 million units comprising one common share and one common share purchase warrant exercisable at C$0.20 within three years.
1447377 BC will then become a wholly owned subsidiary of American Salars.
American Salars says the Jaguaribe Project
which is located in the Jaguaribe/Solonópole region in the State of Ceará
hosts “multiple extensive” lithium and REE-bearing pegmatite dykes.
Multi-elements analysis of 13 pegmatites sampled returned up to 3.72%
One sample also showed high values for rubidium (10,000ppm); tin (675ppm) and zinc (387ppm).
Initial fieldwork also detected two additional pegmatites that returned grades of 2.15% and 1.58% lithium
This prompted the exploration and acquisition of the 10 claim blocks that make up the Jaguaribe Project
All of these minerals except rubidium are on Canada’s list of critical minerals
but several other countries including Australia
China and the US have included rubidium on their lists of critical minerals.
who is also a director and indirect shareholder of 1447377 BC
says American Salars continues to add highly prospective assets to its portfolio of lithium projects in North and South America
“Brazil has been one of the global epicenters for lithium production and American Salars’ Jaguaribe project is located in a known pegmatite district and contains high-grade lithium samples and significant rare earth elements values,” he says.
“We will plan a much more significant exploration program to map pegmatites and further sample and define the geological values in this critical mineral rich area.”
The Jaguaribe Project covers historic artisanal mining sites previously mined for lithium
American Salars says an initial phase-one program uncovered multiple long and wide pegmatite dykes that measure up to 30m wide and up to 300m long that are largely unexplored.
a Brazil-focused senior geologist and Québec-based hard rock lithium specialist QP Mitch Lavery to oversee a more extensive phase-two program
The phase-two program will involve mapping the pegmatite outcrops and sampling new and known areas of mineralisation.
American Salars is in the process of engaging sampling crews and is working with local Brazil-based geological consultants to help plan a follow-up drilling program to evaluate the priority targets
American Salars will be exhibiting at this year’s Prospectors & Developers Association of Canada (PDAC) event being held from 2-5 March in Toronto
Mining.com.au is an official media partner for the upcoming event.
To register for PDAC 2025 click here
Write to Angela East at Mining.com.au
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JazzRadio Berlin recently welcomed a distinguished guest to its Diplomatic Lounge show
hosted by the renowned radio and TV presenter Leslie Nachmann
Brazilian Ambassador Roberto Jaguaribe took to the airwaves to discuss a wide range of topics
from international politics and football to the protection of Brazilian forests and
Ambassador Jaguaribe emphasized the importance of a dual approach to conserving the Amazon rainforest
He highlighted the need for both repression of illegal activities and the development of legitimate means of income for the 50 million people living in the Amazon region
“We are striving for zero deforestation,” Jaguaribe said
noting a 48% reduction in illegal activities this year alone
The conversation naturally flowed into the realm of music
a subject close to the hearts of both Brazilians and Berliners
program airing every Saturday from 12 to 18 PM
featuring an excellent selection of Brazilian music and Latin Jazz
the partnership between the station and the Brazilian Embassy has been a fruitful one
Jaguaribe spoke passionately about Brazil’s rich musical heritage
He also praised Brazilian composer Villa-Lobos
who drew inspiration from the Amazon’s indigenous sounds
As a member of the BRICS group of nations—Brazil
and South Africa—Brazil is increasingly influential on the world stage
Jaguaribe stressed the need for a more equitable global governance system
one that includes diverse perspectives rather than just those of like-minded countries
The ambassador also touched on his role as the president of the group of Ambassadors of Latin America and the Caribbean
He spoke of an upcoming cultural event with the Arab diplomatic Corps
emphasizing the significant Arab immigration to Latin America
and it’s going to be a good opportunity to pick up on what they have on this occasion,” he said
Jaguaribe chose a song that resonated with both Brazilian and German audiences
He selected a recording by Marlene Dietrich
drawing parallels to the German song “Lili Marlene.”
In a world where diplomacy often takes place behind closed doors
Ambassador Jaguaribe’s candid conversation with Leslie Nachmann offered a refreshing glimpse into the complexities and nuances of international relations
all set to the soothing backdrop of the Ambassador’s musical selections
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