ACME Lithium - CEO, Stephen Hanson.
CEO, Stephen Hanson.
Source: Grizzle
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • ACME Lithium (ACME) has signed a teaming agreement with ASTERRA to use its technology for lithium targeting
  • It included the use of ASTERRA’s Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence (AI)
  • ACME Lithium successfully used the technology for the geological field review and sampling program at Fish Lake Valley, Nevada
  • The companies are currently planning a second project that will use this new technology
  • ACME Lithium Inc. (ACME) is unchanged, trading at $0.51 per share as of 2:37 p.m. EST

ACME Lithium (ACME) has signed a teaming agreement with Israel-based company ASTERRA to use its technology for lithium targeting.

The agreement included the use of ASTERRA’s Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence (AI) to identify lithium-specific targets.

ASTERRA’s machine learning and AI algorithms obtain lithium concentration signals underground from satellite-based data and can potentially pinpoint locations with various grades of lithium. ACME Lithium believes the technology may provide a way to find targeted locations of lithium while potentially reducing exploration time and costs.

ACME Lithium is the first in the United States to use ASTERRA’s technology which was used for the geological field review and sampling program at Fish Lake Valley, Nevada.

The program resulted in the highest surface lithium values to date with up to 1325 parts per million lithium, which was double the estimated locations compared to traditional exploration methods.

Stephen Hanson, President and CEO of ACME Lithium, commented,

“This collaboration and initial case study with technology leader ASTERRA confirm historical and new lithium occurrences on the property and that certain areas are enriched in lithium.”

The companies are currently planning a second project that will use this new technology.

ACME Lithium Inc. (ACME) is unchanged, trading at $0.51 per share as of 2:37 p.m. EST.


More From The Market Herald

An undervalued Canadian mining company hiding in plain sight

The best returns among Canadian mining companies are earned by building conviction when market sentiment is low, such as the present moment.

InZinc unlocks rare earth potential at its Indy Project in B.C.

InZinc Mining Ltd. (TSXV:IZN) has completed the 2023 exploration drill program at its Indy Zinc and precious metals project.

A small-cap fintech company is gearing up for global domination

Fintech is one of the fastest-growing sectors and Fintech Select (TSXV:FTEC) is poised to exert a substantial influence in this domain.  

Arbor Metals discovery increases potential of flagship lithium project

Arbor Metals (TSXV:ABR) has identified new pegmatite outcrops on its flagship Jarnet lithium project in Quebec.