VANCOUVER, British Columbia, Sept. 22, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF) (“Clear Sky” or the “Company”), a mining exploration and development company focused on U.S. lithium deposits to support the Domestic Demand, is pleased to announce that it has commenced work on the Halo Project property.
Clear Sky has begun a Phase 1 work plan for the Halo project which will be undertaken by Tigren Inc. of Reno Nevada and is mobilizing for the start of work in October. Tigren Inc. is controlled by Marco Montecinos, director of the Company. The objective of the program is to develop an understanding of the alluvial cover of the Big Smoky Valley Basin throughout the Halo Project lands via full surface point sampling (if applicable) as well as surficial mapping of the claim area. The resulting data will be used to refine geological and metallurgical assessments to support Phase 2 drilling targeting.
Patrick Morris, CEO of Clear Sky Lithium, notes: “To be directly between two projects that continuously produce such positive results confirms that Clear Sky is in the right place with the Halo project. We are excited to have our team on hand to drive the project forward through fundamental fieldwork and metallurgy. So far, it’s just great to see our neighbors enjoying positive results, and we look forward to joining them as we collectively move forward to unlock asset value across the region.
The Halo Project (see Figure 1) comprises ninety-eight mining claims, located in Esmeralda and Nye counties, and is considered prospective for clay-hosted lithium mineralization. Positive news regarding exploration and development on properties adjacent to the north and southwest of the Halo project has recently fueled enthusiasm for regional lithium exploration activities in the region.
Figure 1 – Clear Sky Lithium Halo project map showing assay values of adjacent properties (American Lithium’s TLC project to the northeast and American Battery Technology Company’s Tonopah Flats project to the southwest).
North of Project Halo, July 14e 2022, American Lithium Corp. (market cap: US$546 million) announced the results of its resource expansion and infill drilling program. This release included 5 holes that returned their best result to date of 2,900 ppm Li with an average of 1,550 ppm Li over 50.3 meters. Please see American Lithium’s website for full disclosure of exploration results.
In the southwest, June 21st In 2022, American Battery Technology Company (market cap: US$461 million) announced highlights from a 16-hole Phase 1 drill program that returned up to 1,700 ppm Li.
Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all filings and regulatory filings may be viewed at www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and sign up for our “News Alerts” to be notified of future press releases and related company information. Also be sure to watch our video which is available on the website.
On behalf of the Board of Directors,
Chief executive officer
Clear Sky Lithium Corp.
About Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF)
Clear Sky Lithium is an exploration and development company dedicated to advancing North American lithium deposits to support domestic demand. The Company holds interests in the Halo and Eli properties in Nevada. The Company is also focused on developing clay mining and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. To learn more, visit www.clearskylithium.com and watch our video.
Disclaimer Regarding Forward-Looking Information
This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the commencement of work on the Halo project.
Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees who continue their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, as well as all other risks described in the Company’s final long form prospectus dated May 31, 2022, under the heading “Factors of risk”. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.
The CSE has neither approved nor disapproved of the content of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Clear Sky Lithium Corp.
Email: [email protected]
Phone: +1 (778) 383-7240
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac467bd-70f2-41d8-8505-05816c2cdb23