- US Critical Metals (USCM) enters 2nd phase of an option agreement for the Clayton Ridge lithium project with US Energy Metals and Nevada Alaska Mining
- The company is fulfilling its first-year option obligation by making aggregate cash payments of $75,000 and issuing an aggregate of 500,000 common shares to Nevada Alaska
- US Critical Metals (USCM) is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy
- US Critical Metals (USCM) is unchanged today, trading at C$0.26 at 3:36 pm ET
US Critical Metals (USCM) continues the option agreement with US Energy Metals and Nevada Alaska Mining for the Clayton Ridge lithium project.
The company is fulfilling its first-year option obligation by making aggregate cash payments of $75,000 and issuing an aggregate of 500,000 common shares to Nevada Alaska. USCM has the option to acquire full ownership interest in the Clayton Ridge Project. The shares cost $0.26 per share and are subject to a 4-month hold period.
Through US Energy, an amending agreement with Nevada Alaska to amend the terms. The Amendment extends the time frame by which US Energy is required to complete its drilling work commitment by one year to October 11, 2023. The drilling work commitment requires the completion of 5,000 feet of drilling. The company is currently in the process of filing a Notice of Intent with the Bureau of Land Management.
US Critical Metals (USCM) is focused on mining projects that will further secure the US supply of critical metals and rare earth elements, which are essential to fueling the new age economy.
US Critical Metals (USCM) is unchanged today, trading at C$0.26 at 3:36 pm ET.
