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Acquisition Completed Of Clayton Ridge Lithium Project
VANCOUVER – U.S. Critical Metals Corp. (USCM) has completed its acquisition of the Clayton Ridge Lithium Project, located in Esmeralda County, Nevada. The acquisition follows the successful fulfillment of all terms outlined in an existing option agreement with the vendor. The Project remains subject to a 3% gross overriding royalty (GORR) with an option to purchase 1% of the GORR for USD$1 million.
“Although lithium markets have faced near-term price pressures, we continue to see long-term structural demand for domestic lithium supply,” said Darren Collins, CEO. “With advanced projects like Thacker Pass and American Lithium’s TLC Project helping de-risk claystone lithium assets in the United States, we believe Clayton Ridge is well-positioned as part of a broader national strategy to establish secure and scalable lithium supply from clay-based deposits.”
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