New Risk • May 28
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$797k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$797k free cash flow). Share price has been highly volatile over the past 3 months (40% average weekly change). Earnings have declined by 12% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$8.62m market cap, or US$6.23m). New Risk • Feb 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 20% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 8.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (79% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$12.0m market cap, or US$8.86m). Tillkännagivande • Dec 10
Surface Metals Inc., Annual General Meeting, Feb 06, 2026 Surface Metals Inc., Annual General Meeting, Feb 06, 2026. Tillkännagivande • Nov 28
Surface Metals Inc. Confirms Open Mineralization and Expansion Potential At Cimarron Gold Project, Nevada Surface Metals Inc. announced the completion of a comprehensive historical drill database compilation and review for its Cimarron Gold Project in Nye County, Nevada. The study confirms substantial exploration upside, with multiple mineralized zones remaining open along strike and at depth. The validated and digitized database includes 234 historical drill holes totaling approximately 18,066 metres. Significant intercepts include 32.01 metres grading 2.23 g/t Au and 56.39 metres grading 0.52 g/t Au, outside the boundaries of the approximately 50,000 Oz gold resource estimate. The limited drilling also shows the gold system is open directionally along strike, with indications that the 3 main isolated zones merge at depth. The cross section below illustrates the continuity of mineralization between the West and East Zones and highlights the open gold mineralization extending below the majority of the zones below the open pit resource estimate outline. Surface Metals plans to initiate a maiden drill program in 2026 targeting high-priority zones identified in the 3D modelling of historical drilling. The objective of the program is to increase the historical resource estimate and advance Cimarron toward economic viability for an open-pit, heap-leach operation. Tillkännagivande • Oct 21
Surface Metals Inc. announced that it expects to receive CAD 0.8 million in funding Surface Metals Inc announced a non brokered private placement of 4,000,000 units at CAD 0.20 per Unit for aggregate gross proceeds of up to CAD 800,000 on October 20, 2025. Each Unit will be comprised of one (1) common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.4 for two (2) years from the closing date of the Offering. Al securities that are issued pursuant to the Offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. New Risk • Aug 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$719k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$719k free cash flow). Share price has been highly volatile over the past 3 months (21% average weekly change). Earnings have declined by 5.8% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$9.15m market cap, or US$6.67m). New Risk • May 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 72% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (55% average weekly change). Earnings have declined by 20% per year over the past 5 years. Shareholders have been substantially diluted in the past year (72% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.54m market cap, or US$4.77m). Recent Insider Transactions • May 25
President recently bought CA$108k worth of stock On the 20th of May, Stephen Hanson bought around 2m shares on-market at roughly CA$0.055 per share. This transaction amounted to 96% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Stephen's only on-market trade for the last 12 months. Tillkännagivande • May 22
Surface Metals Inc. announced that it has received CAD 0.958925 million in funding On May 21, 2025, Surface Metals Inc. closed the transaction. The Company issued 5,350,000 units at CAD 0.055 per Unit for proceeds of CAD 294,500 in second and final tranche. Each Unit is comprised of one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.07 for three years from closing of the Offering. All securities that are issued pursuant to the offering are subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. No finder's fees were paid in connection with the second tranche closing. The second tranche brings the total financing to 17,435,000 Units for aggregate gross proceeds of CAD 958,925. Tillkännagivande • May 06
Surface Metals Inc. announced that it expects to receive CAD 0.957 million in funding Surface Metals Inc. announced a non-brokered private placement financing of up to 17,400,000 units at an issue price of CAD 0.055 per unit for aggregate gross proceeds of up to CAD 957,000 on May 5, 2025. Each unit will comprise one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.07 for three years from the closing date of the offering. Finders' fees, including cash and warrants, may be paid on some or all of the offering. All securities that are issued pursuant to the offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Tillkännagivande • Apr 12
ACME Lithium Inc. announced that it expects to receive CAD 0.8 million in funding ACME Lithium Inc. announced a private placement that it will receive funding of CAD 800,000 on April 10, 2025. Tillkännagivande • Oct 18
ACME Lithium and Snow Lake Complete Field Exploration Season on the Shatford Lake Lithium Project, Manitoba ACME Lithium Inc. announced that the 2024 field exploration season conducted by Snow Lake Resources ltd., dba Snow Lake Energy (" Snow Lake") on the Shatford Lake Project in southeastern Manitoba has been successfully completed. Highlights. 2024 prospecting /reconnaissance program successfully completed. Results included the discovery of numerous pegmatites under heavy overburden. Significant discovery of a ~25 - 30-meter-wide tantalite-bearing pegmatite on the Cat-Euclid Lake claim block, indicating the potential for lithium, cesium, tantalum mineralization north of the neighbouring Tanco Mine. Further exploration including drilling expected by Snow Lake in 2025. The Shatford Lake Lithium Project is an exploration stage project located adjacent to the Tanco lithium mine in Southern Manitoba, and the Snow Lake Lithium™? Project is an exploration stages project located in the Snow Lake region of Northern Manitoba. The current focus of Snow Lake is advancing the exploration of its two uranium projects to supply the minerals and resources needed for the clean energy transition, while exploration activities on its two lithium projects will remain limited until such time as the lithium market recovers from its current depressed levels. New Risk • May 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$4.7m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$4.7m free cash flow). Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.54m market cap, or US$3.32m). Minor Risk Shareholders have been diluted in the past year (28% increase in shares outstanding). Tillkännagivande • May 26
ACME Lithium Inc. and Snow Lake Resources Ltd. Initiates Exploration Program At Shatford Lake Manitoba Lithium Project ACME Lithium Inc. announced that Snow Lake Energy (Snow Lake) has initiated the 2024 exploration program at ACME's Shatford Lake Project. 2024 Exploration Program: Snow Lake, together with Critical Discoveries, has designed a four-phase exploration program for 2024. Phase 1 consists of compiling and analyzing all past exploration data generated by ACME Lithium Inc., including all geophysical and geochemical data, as well as past drilling results, to identify targets for field work in Phase 2. Phase 1 is complete, and Phase 2 has been initiated with the Critical Discoveries field team of 4, consisting of 2 geologists and 2 field technicians. Initial prospecting and mapping will focus on the northwest corner of the Shatford Lake Lithium Project and will then expand to cover the balance of the project. Initial prospecting activities to date have included the discovery of two pegmatites under heavy overburden. Samples have been taken and submitted to the assay lab for analysis. Phase 3 is intended to be a program of up to 2,000 meters of diamond drilling, spread over approximately 10 holes of approximately 200 meters each, dependent upon appropriate drill target identification from Phase 2 of the program. Phase 4 will be compilation and evaluation of all field data, assay results, and drill results from the 2024 exploration program. Geological Setting of Shatford Lithium Project: The Shatford Lithium Project straddles a 15 kilometers long structural trend of the Greer-Shatford Shear Zone with numerous pegmatite dykes and favorable host rocks. It is situated in the southern limb of the Bird River greenstone belt in southeastern Manitoba. The region hosts hundreds of individual pegmatite bodies, many of which are classified as complex rare-element Lithium-Cesium-Tantalum (LCT) pegmatites - known to account for a quarter of the world's lithium production. The northeast corner of the Shatford Lithium Project borders the mineral lease of the Tanco mine, with the Buck, Pelgi, and Dibs pegmatites nearby. Tillkännagivande • Mar 19
ACME Lithium Inc., Annual General Meeting, May 17, 2024 ACME Lithium Inc., Annual General Meeting, May 17, 2024. Tillkännagivande • Mar 01
ACME Lithium Inc. announced that it has received CAD 0.7 million in funding ON February 29, 2024, ACME Lithium Inc. closed the transaction. Certain directors and management of the Company purchased an aggregate of 1,450,000 Units (CAD 72,500) under the Offering. Tillkännagivande • Feb 23
ACME Lithium Inc. announced that it expects to receive CAD 0.7 million in funding ACME Lithium Inc. announced a non-brokered private placement of up to 14,000,000 units at a price of CAD 0.05 per unit for the gross proceeds of CAD 700,000 on February 23, 2024. Each unit will be comprised of one common share and one transferable common share purchase warrant, with each warrant entitling the holder to purchase one additional common share at a price of CAD 0.10 or three years from closing of the offering. Finder's fees, including cash and warrants, may be paid on some or all of the offering. All securities that are issued pursuant to the offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. New Risk • Jan 30
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$9.9m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.9m free cash flow). Share price has been highly volatile over the past 3 months (25% average weekly change). Earnings have declined by 42% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$4.27m market cap, or US$3.18m). Minor Risk Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Board Change • Jan 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Director Yannis Tsitos was the last director to join the board, commencing their role in 2020. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. New Risk • Dec 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 48% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$3.66m market cap, or US$2.69m). Minor Risk Shareholders have been diluted in the past year (4.5% increase in shares outstanding). Tillkännagivande • Sep 08
ACME Lithium Inc. announced that it expects to receive CAD 1.35 million in funding ACME Lithium Inc. announced a non-brokered private placement financing of up to 9,000,000 units at a price of CAD 0.15 per unit for the gross proceeds of CAD 1,350,000 on September 6, 2023. Each unit will be comprised of one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.30 for two years from closing of the offering. The company may pay a cash finder's fee of up to 7% of the gross proceeds raised under the offering, at the discretion of the Company. All securities that are issued pursuant to the offering will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Tillkännagivande • Aug 23
ACME Lithium Inc. Commences Summer Exploration Program at its Bailey Lake Pegmatite Discovery Area in Northeastern Saskatchewan ACME Lithium Inc. announced that it has commenced a summer exploration program at its Bailey Lake pegmatite discovery area in northeastern Saskatchewan. Starting August 21, 2023, ACME will be conducting a 3-in-1 Airborne Geophysical Survey on the Bailey Lake Property which will include Helicopter-borne Tri-axial Gradiometer Magnetics, Radiometrics, and LiDAR (Light Detection and Ranging) to identify regional structural trends and localized controls of pegmatite bodies and other key information to aid in future drill targeting. Immediately following the geophysical survey, a field program will be conducted to follow up on any anomalous signatures detected from the geophysical survey, as well as to conduct follow-up prospecting from the work completed on the property in 2017. This program will consist of prospecting, geochemical sampling (soils, boulder, outcrop, and channel samples), and structural measurements on the Bailey Lake property. This exploration program will focus on delineating and identifying potential sources for the 2017 boulder sampling completed by Paul Ramaekers and David Turner which returned samples with elevated values of lithium and critical mineral elements. The goal of these programs is to locate and analyze the pegmatites on the property and delineate which ones are hosting spodumene and lepidolite for upcoming drill programs. ACME Lithium has acquired the services of Axiom Exploration Group LTD. (Axiom) to complete the upcoming Geophysical Surveys and Field Exploration programs at Bailey Lake Project. Tillkännagivande • Aug 18
ACME Lithium Inc. Successfully Completes 10-Day Pump Test at Test Well TW-1 Located in Clayton Valley, Nevada ACME Lithium Inc. reported that the Company has successfully completed a 10-day pumping test at test well TW-1 located in Clayton Valley, Nevada. The data generated during the test will be used to estimate the transmissivity and the storativity of the Lower Gravel Unit (LGU) at the TW-1 location. Preliminary Phase 1 and Phase 2 data suggest the perforated casing of TW-1 captures approximately 500 feet of potential lithium brine aquifer hosted in the LGU. The LGU is the basal gravel overlaying bedrock in Clayton Valley. State permits limited pumping from TW-1 to a maximum rate of 100 gallons per minute (gpm), with total discharge not to exceed 5-acre feet. A range of brine samples were collected during the pumping test. These samples were submitted to Nevada certified laboratories for multi-element chemical analyses, to include total and dissolved lithium. Bulk samples were also collected for potential bench-scale testing for Direct Lithium Extraction (DLE) and processing. Preliminary results from the TW-1 pumping test and laboratory analyses are anticipated to be available by end of August 2023. Intact HQ core recovered from DH-1 was submitted to GeoSystems Analysis Inc. The core was submitted with brine collected from the TW-1 pumping testing. The core and brine sample will be used for laboratory testing of drainable porosity (Specific Yield). The results of the laboratory testing of the core samples and the results from the TW-1 pump test will be used to assess the potential volume of lithium enriched brine and extractability of the brine from the LGU aquifer through pumping. With further evaluation and results pending, the assessment of extractable brine volume and concentration of lithium in the brine will be used to inferred if a lithium resource potentially exists at the ACME project. William Feyerabend, Certified Professional Geologist and Mathew Banta, Certified Professional Hydrogeologist are qualified persons as defined by NI 43-101 and have supervised the preparation of the scientific and technical information that forms the basis for this news release. New Risk • Aug 10
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$13.0m (US$9.68m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$9.0m free cash flow). Earnings have declined by 56% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$13.0m market cap, or US$9.68m). Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Shareholders have been diluted in the past year (13% increase in shares outstanding). Tillkännagivande • Jun 20
ACME Lithium Inc. Files NI 43-101 Technical Report for Fish Lake Valley Nevada Lithium Claystone Project ACME Lithium Inc. announced that it has filed on SEDAR a National Instrument 43-101 technical report titled "NI 43-101 Technical Report Update on the Fish Lake Valley Lithium Claystone Property, Esmerelda County, Nevada USA" with an effective date of June 16, 2023. The FLV claim group encompass 207 lode mining claims totaling approximately 4,139 acres, in Esmeralda County, Nevada and is directly west and contiguous to Ioneer Ltd.'s world class Rhyolite Ridge Lithium-Boron project area. On March 13th, 2023 ACME reported that its recent Phase 2 geological field review and sampling program at Fish Lake Valley, Nevada resulted in numerous new occurrences of lithium values exceeding 1,200 ppm lithium with the highest surface value to date at 1,418 ppm lithium. Boron anomalies up to 1,964 ppm occur with and adjacent to surface lithium anomalies. The Technical Report was prepared for the Fish Lake Valley project by William Feyerabend, Certified Professional Geologist, independent consultant, and qualified person. The Technical Report was prepared in accordance with the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), and may be found here at the Company's website or under the Company's profile on SEDAR. Tillkännagivande • Jun 09
ACME Lithium Inc. Ramps Up for Pumping Test After Installation of Test Well Tw-1 At Clayton Valley Nevada Lithium Brine Project ACME Lithium Inc. reported that the Company has completed drilling, construction, and development of Dissolved Mineral Resource Exploration (DMRE) test well TW-1 as part of the Phase 2 expanded drill program at ACME's Clayton Valley Nevada lithium brine project. TW-1 targets the Lower Gravel Unit (LGU) which extends from approximately 1250 to 1820 feet below ground surface (bgs) at the test well location. As announced in August 2022, the LGU presented some of the highest lithium values, up to 130 mg/L in brine samples collected in ACME's Phase 1 program, which was completed in July 2022. The LGU presents a deep, laterally expansive aquifer, which overlies bedrock throughout a significant portion of Clayton Valley. ACME's project area is contiguous and adjacent to the northwest of Albemarle's lithium brine operation in Clayton Valley which has been in operation since 1966. Clayton Valley remains the only producing lithium brine region currently in production in the United States. The completion of DH-1A in April 2023 increased the depth of the LGU from approximately 1250 - 1820 feet. The underlying bedrock was drilled to a depth of 1940 feet and a zone-isolated brine sample was collected using a down-hole Ardvark™? packer system from approximately 1880 to 1840 feet. Zone testing indicated brines extend into the bedrock with lithium concentration up to 71 mg/L. Downhole geophysical logs completed include a nuclear magnetic resonance (NMR) log, which provides indications of potential fluid volume, mobile, or capillary bound waters, and estimates of hydraulic. conductivity throughout the entire borehole. TW-1 was successfully drilled and casing installed to a target depth of 1,820 feet by Harris-Earth Drilling in accordance with Nevada Division of Minerals DMRE well permit W0017. The perforated casing captures the LGU from 1,300 to 1,800 feet, approximately 500 feet of potential ore-grade lithium brine aquifer. Tillkännagivande • Feb 16
ACME Lithium Inc. Commences Phase 2 Sampling Program At Fish Lake Valley, Nevada Utilizing Asterra's Satellite-Based Technology ACME Lithium Inc. announce the commencement of a Phase 2 geochemistry sampling program to develop further knowledge of lithium occurrences at ACME Lithium's FLV claim group in Fish Lake Valley, Nevada. ACME's Phase 2 sampling program is designed to focus on the higher-grade Lithium rock anomalies and to expand into adjacent areas of similar geology and alteration in a southwest direction along the range front area. Previous sampling has identified trends where anomalous lithium and boron values show structures that were open and receiving fluids at the time of mineralization. Those structural zones are targets for where lithium and boron mineralization could be hosted in structural blocks such as grabens. The FLV claim group encompass 144 lode mining claims totalling approximately 2,975 acres, in Esmeralda County, Nevada and is directly west and contiguous to Ioneer Ltd.'s world class Rhyolite Ridge Lithium-Boron project area. Tillkännagivande • Jan 20
ACME Lithium Inc. Samples Highest Values to Date At Fish Lake Valley, Nevada ACME Lithium Inc. reported that its recent geological field review and sampling program at Fish Lake Valley, Nevada has resulted in the highest surface lithium values to date with up to 1325 ppm lithium. See results in link to table below. Boron anomalies occur with and adjacent to surface lithium anomalies. This most recent study confirms historical and new lithium occurrences on the Property and that certain beds are enriched in lithium. A number of the surface enriched beds appear to be clay altered tuffs and may form semi-continuous sedimentary horizons below relatively unmineralized cover units. The FLV claim group encompass 144 lode mining claims totalling approximately 2,975 acres, in Esmeralda County, Nevada. The property has been mapped with historical sampling occurring at up to 610 ppm lithium. It is believed that the current erosion surface could be exposing the edges of a stratigraphic deposit, or deposits, with possible bedding conformable lithium mineralization. ACME's Fish Lake Valley project is directly west and abuts Ioneer Ltd.'s world class Rhyolite Ridge Lithium-Boron project area. On Friday January 13th 2023, the US government announced that it had committed up to $700 million in construction funding to Ioneer's project. Under the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) loan program, the proposed loan to Ioneer could allow the company to start mine construction next year. Last summer, Ioneer entered into offtake agreements with Ford Motor Co, Toyota Motor Corp, and Panasonic Corp. to supply lithium for EV battery production in the US. Following news of the conditional loan, Ioneer reported that it could produce enough lithium for 370,000 electric vehicles per year. A geophysical survey completed in the fall of 2022 indicates the presence of a down-dropped fault block with interpreted target clay sediments potentially similar to illite units identified in the nearby Rhyolite Ridge lithium deposit. A basin fault is evident near the southwestern end of the survey profile. Moderate to low clay concentration sediments and possible carbonate-bearing sediments are interpreted to be present at the surface near the southwestern basin fault that extends beyond a depth of one km over about 80% of the profile. Higher concentration clay sediments are interpreted over a surface distance of about 700 meters. Drilling has been recommended to determine the near-surface relationship between the different interpreted concentrations of clay sediments, potential associated carbonate-rich units and the occurrences of lithium and boron. Tillkännagivande • Jan 12
ACME Lithium Inc. Commences Drilling at Shatford Lake Lithium Project ACME Lithium Inc. announced that it has commenced drilling at its Shatford Lake project in the Winnipeg River pegmatite region in southeastern Manitoba, Canada. ACME's land holdings in southeastern Manitoba comprise approximately 17,000 acres or 70 square kilometres. Drilling Program Highlights: ACME plans to drill up to 5,000 meters and has mobilized equipment, supplies and crew to Lac du Bonnet, Manitoba. Drill targets from multiple sites have been identified and include numerous pegmatites, some of which were undocumented prior to the 2022 summer exploration program. A priority area, referred to as Shatford East, is part of the Shatford - Winnipeg River structure that is a 7 km curvilinear feature on the claim block with multiple observations of pegmatites containing anomalous lithium. ACME's Shatford Lake claim is located strategically and is contiguous to the south of Sinomine Resource Group's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969. The Tanco Mine and Shatford Lake areas are located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). The Shatford - Winnipeg River structure is analogous to the Bernic Lake high strain zone that is interpreted to be related to the Tanco pegmatite. The northern and southern limbs of the Bird River Greenstone Belt contain at least 10 pegmatite fields and host hundreds of individual pegmatite bodies, of which many are classified as complex rare-elementLithium-Cesium-Tantalum (LCT) pegmatites. In both limbs of the BRGB, pegmatites are associated withgranitic intrusions into structurally dilatant zones adjacent to major belt parallel shear zones. Worldwide, LCT pegmatite deposits account for about one-fourth of the world's lithium production, most of the tantalum production, and all the cesium production. ACME completed an extensive summer exploration program employing remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. The Company's exploration focus is on spodumene-bearing LCT pegmatites that are a source for high quality lithium that can be converted to lithium carbonate. Tillkännagivande • Nov 29
Acme Lithium Inc. Provides Corporate Update Regarding Its Upcoming Phase 2 Multi-Hole Drill Program At Its Clayton Valley Nevada Lithium Brine Project ACME Lithium Inc. provided a corporate update regarding its upcoming Phase 2 multi-hole drill program at its Clayton Valley Nevada lithium brine project. Following ACME's lithium brine discovery announcement on August 17th, 2022, the Phase 2 drill program and NOI covers a large diameter test well (TW-1) for completion of brine aquifer permeability testing and sampling, and will also include up to three (3) new exploration holes DH-1A, DH-2, and DH-3 with objectives to examine deeper horizons through zonal isolated testing, assess stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1. ACME has received notice from its operator GeoXplor that it has received approval for three Dissolved Mineral Resource Exploration (DMRE) Borehole Permits submitted to the Nevada Division of Minerals (NDOM), in addition to the already approved Notice of Intent "NOI" permit to drill with the Bureau of Land Management. A USD 63,144 bond has been put in place with the BLM to cover reclamation of up to 2.2 acres of permitted disturbance. Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities. Project geologists are at Silver Peak meeting with equipment operators and have commenced road and drill pad preparations, as well as the expansion of on-site facilities to accommodate core logging and brine storage in anticipation of the December Phase 2 drill program. ACME will provide further updates once the drilling contractor has mobilized, and drilling commences. Based on prior Clayton Valley drilling experience, intercepting a high-flow lithium enriched brine horizon marking the gravel/bedrock contact, ACME's team is particularly focussed on advancing drilling to testthis highly prospective brine zone. ACME's Clayton Valley, Nevada lithium brine project is contiguous to the northwest of Albermarle's Silver Peak lithium deposit which has been in production since 1966. Located in one of the best resource jurisdictions in the world, Clayton Valley is the only lithium producing region in the United States. ACME is well funded by strategic investors and positioned to complete its exploration and development objectives through the near term with the goal of providing a domestic supply of lithium to the US and Canadian markets. William Feyerabend, Certified Professional Geologist, is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Recent Insider Transactions Derivative • Nov 22
President exercised options to buy CA$663k worth of stock. On the 18th of November, Stephen Hanson exercised options to buy 1m shares at a strike price of around CA$0.10, costing a total of CA$133k. This transaction amounted to 50% of their direct individual holding at the time of the trade. Since March 2022, Stephen has owned 2.68m shares directly. Company insiders have collectively bought CA$158k more than they sold, via options and on-market transactions, in the last 12 months. Tillkännagivande • Nov 15
ACME Lithium Inc. Receives Geophysics Report Targeting Lithium Clay Deposits At Fish Lake Valley, Nevada ACME Lithium Inc. report that Hasbrouck Geophysics has completed gravity and Hybrid-Source Audio-Magnetotellurics (HSAMT) surveys at ACME's Fish Lake Valley (FLV), Nevada Project. The gravity survey indicates the presence of a down-dropped basin with interpreted target clay sediments potentially targeting similar illite-smectite units identified in the nearby Rhyolite Ridge lithium deposit. A basin fault is evident near the southwestern end of the profile, with modeled depths to Paleozoic bedrock ranging from about 1.3 km to 1.9 km. Moderate to low concentration clay sediments are interpreted to be present at the surface near the southwestern basin fault that deepen to about 300 meters and extend beyond a depth of one km over about 80% of the profile, while higher concentration clay sediments are interpreted over a distance of about 700 meters with depths ranging from about 500 to 750 meters. Drilling has been recommended to determine the relationship between the different interpreted concentrations of clay sediments and the presence of lithium. The FLV claim group encompass 144 lode mining claims totaling approximately 2,975 acres, in Esmeralda County, Nevada. The property has been mapped with historical sampling occurring at up to 600 ppm lithium. It is believed that the current erosion surface could be exposing the top of a stratigraphic deposit with active lithium mineralization. ACME's Fish Lake Valley project is directly west of ioneer Ltd.'s world class Rhyolite Ridge Lithium- Boron project. On July 31st, ioneer announced a binding battery joint venture with Toyota Motor Corp. and Panasonic Corp. to buy lithium from ioneer's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co in mid- July and last year with South Korea's Ecopro Co. ACME's project location adjacent to or nearby lithium projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME. William Feyerabend, Certified Professional Geologist, is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Tillkännagivande • Nov 08
ACME Lithium Inc. Receives Phase 2 Drill Program Approval of Notice of Intent At Nevada Lithium Brine Project ACME Lithium Inc. announced that its project operator GeoXplor Corporation has received a Decision Letter of approval under an amended "Notice of Intent to Drill" from the United States Bureau of Land Management (BLM), Tonopah field office Nevada, for ACME's upcoming Phase 2 drill program at its Clayton Valley lithium brine project. Following ACME's lithium brine discovery announcement on August 17, 2022, the Phase 2 drill program and NOI covers a large diameter test well (TW-1) for completion of brine aquifer permeability testing and sampling, and will also include up to three new exploration holes DH-1A, DH-2, and DH-3 with objectives to examine deeper horizons through zonal isolated testing, assess stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1. ACME is in the final stages of completing the preparatory work required to commence drilling operations including securing drilling and hydrogeological services, as well as additional permits required. A USD 63,144 bond is in the process of being put in place with the BLM to cover reclamation of up to 2.2 acres of permitted disturbance. ACME anticipates its Phase 2 lithium brine drill program will commence in 30 to 45 days. Based on prior Clayton Valley drilling experience intercepting a high-flow brine horizon marking the gravel/bedrock contact, ACME's team is particularly focussed on advancing drilling to test this highly prospective brine zone. ACME's Clayton Valley, Nevada lithium brine project is contiguous to the northwest of Albermarle's Silver Peak lithium deposit which has been in production since 1966. Located in one of the best resource jurisdictions in the world, Clayton Valley is the only lithium producing region in the United States. ACME is well funded by strategic investors and positioned to complete its exploration and development objectives thru the near term with the goal of providing a domestic supply of lithium to the US and Canadian markets. Tillkännagivande • Oct 21
Acme Lithium Inc. Provides Clayton Valley Drill Program Update ACME Lithium Inc. reported that it has filed permitting documentation for an expanded Phase 2 drill program with the Bureau of Land Management (BLM) for ACME's Clayton Valley lithium brine project in Esmeralda County, Nevada. In addition, ACME has secured Harris Exploration for drilling services. ACME's current and ongoing program at Clayton Valley is operated by GeoXplor Corp., one of the industry's early leaders in lithium exploration and development in Nevada and their long-standing team of technical contractors. Upon approval and receipt of permits, ACME is targeting to drill its Clayton Valley Lithium project in late Fourth Quarter 2022 and will provide further updates as new information comes available. Following ACME's lithium brine discovery announcement on August 17th, 2022, the Phase 2 drill program will include a large diameter test well (TW-1) for completion of brine aquifer permeability testing and sampling and will also include up to three (3) new exploration holes DH-1A, DH-2, and DH-3 with objectives to examine deeper horizons through zonal isolated testing, assess stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1. The Phase 2 exploration holes will be completed with fully grouted vibrating wire piezometers which will be used to monitor aquifer response during future pumping tests. Based on prior Clayton Valley drilling experience of intercepting a high-flow brine horizon marking the gravel/bedrock contact, ACME's team is particularly focused on advancing drilling to test this highly prospective brine zone. ACME's Clayton Valley, Nevada lithium brine project is contiguous to the northwest of Albermarle's Silver Peak lithium deposit which has been in production since 1966. Located in one of the best resource jurisdictions in the world, Clayton Valley is the only lithium brine producing region in North America. ACME is well funded by strategic investors and positioned to complete its exploration and development objectives thru the near term with the goal of providing a domestic supply of lithium to the US and Canadian markets. Tillkännagivande • Oct 12
ACME Lithium Inc. to Target Rhyolite Ridge Model with Commencement of Geophysical Survey At Fish Lake Valley, Nevada ACME Lithium Inc. reported that Hasbrouck Geophysics is mobilizing a crew and equipment for a geophysical profile across a newly recognized conceptual target for mineralized tuff at its Fish Lake Valley (FLV), NV Project. A gravity meter and Geode EM3D HSAMT system will be used on the approximately two mile geophysical traverse. Field work is expected to be complete in two weeks. Data collected will test the graben concept and will be used to locate drilling test holes. The FLV geology and geomorphology are interpreted as a possible gravel covered graben while scattered outcrop samples assaying up to 600 ppm lithium and 1270 ppm boron which suggest a mineral system present. The Fish Lake Valley Project is located about four miles west-northwest of Australia-based ioneer Ltd.'s Rhyolite Ridge Project with 2020 resources of 146.5 million metric tons at 1,600 ppm lithium and 14,200 ppm boron hosted in volcanic tuffs filling an elongate graben or rift valley. On July 31st ioneer announced a binding battery joint venture with Toyota Motor Corp. and Panasonic Corp. to buy lithium from ioneer's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co in mid-July and last year with South Korea's Ecopro Co. ACME's project location adjacent to or nearby lithium projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME. Tillkännagivande • Aug 18
ACME Lithium Inc. Announces New Lithium Discovery At Clayton Valley, Nevada ACME Lithium Inc. reported positive sample results from the recently drilled DH-1 hole at its Clayton Valley lithium brine project located in Esmeralda County, Nevada. The company's significant new lithium discovery has initiated Phase 2 planning and procurement of an expanded drilling and pump test program. DH-1 was drilled to a total depth of 1400 feet (427) meters below ground surface and intersected multiple productive horizons including the targeted basal gravel aquifer at an approximate depth of 1,250 feet (381 meters) below ground surface (bgs). Samples of brine were taken from DH-1 at various intervals and were sent to an independent lab and analyzed for lithium and other elements typical of lithium enriched brine systems. Target sampling zones and depths were based on the results of the geophysical surveys, interpretations of the drilled lithology, and field observations including fluid conductivity and salt precipitation on the exposed core. Lithium was detected from all brine samples at concentrations ranging between 38 and 130 mg/L. Boron was also detected from all brine samples with concentrations ranging between 16 and 39 mg/L. The results strongly indicate existence of a bicarbonate rich groundwater quality affinity which is typical in the Clayton Valley lithium brine aquifers. Lithium concentrations appear to increase in the vicinity of the deeper lacustrine tuff unit at 1,180 feet bgs and increases further to 130 mg/L in the deep gravels underlaying the tuff near the bottom of the hole. The assay results indicate lithium concentrations likely increase with depth and with temperature. The highest concentrations (130 mg/L) were from samples collected in the deep gravels at 1,350 feet and at 1,400 feet bgs. Additional aquifers were intercepted above the basal gravel layer including the main ash layer which is believed to be one of the targeted production horizons of Albemarle's neighbouring Silver Peak lithium project. Geologic and geophysical data including sample results will help identify specific horizons to be tested in a Phase 2 drill program which will include a separate, larger diameter test well (TW-1) for completion of brine aquifer permeability testing and sampling. Phase 2 will also include up to three (3) new exploration holes DH-1A, DH-2, and DH-3 with objectives to examine deeper horizons through zonal isolated testing, assess stratigraphy, and the potential for continuity between the stratigraphic units encountered in DH-1. The Phase 2 exploration holes will be completed with grouted in vibrating wire piezometers which will be used to monitor aquifer response during future pumping test. Phase 2 is expected to commence during the 4th quarter of 2022 subject to further permitting and availability of drilling equipment and services. Based on prior Clayton Valley drilling experience intercepting a high-flow brine horizon marking the gravel/bedrock contact, ACME's team is particularly focussed on advancing drilling to test this highly prospective brine zone. Tillkännagivande • Aug 06
ACME Lithium Inc. Commences Phase 2 Field Work at Fish Lake Valley Nevada ACME Lithium Inc. announced that it has commenced geological field work to further develop knowledge of lithium occurrences at ACME Lithium's FLV claim group in Fish Lake Valley, Nevada. The FLV claim group encompass 144 lode mining claims totalling approximately 2,975 acres, in Esmeralda County, Nevada. Historical sampling had occurrences of up to 600 ppm lithium. Fine sediments the same age as Clayton Valley occur on the property with some beds enriched in lithium. ACME's Fish Lake Valley project is directly west of ioneer Ltd.'s world class Rhyolite Ridge Lithium- Boron project. On July 31st, ioneer announced a binding battery joint venture with Toyota Motor Corp. and Panasonic Corp. to buy lithium from ioneer's Rhyolite Ridge mining project and use the metal to build electric vehicle batteries in the United States. Australia-based ioneer aims to produce about 21,000 tonnes of lithium in Nevada annually starting in 2025. It signed a supply deal with Ford Motor Co in mid- July and last year with South Korea's Ecopro Co. Follow up sub sampling as well as mapping at Fish Lake Valley is intended to better understand the geological model and focuses on traverses along a major drainage area where higher lithium values occurred. Further analysis will assist with drill hole targeting and access routes for potential drill sites. Tillkännagivande • Jul 19
Acme Lithium Commences Airborne Geophysical Survey At Shatford and Cat-Euclid Lake Projects in South Eastern Manitoba ACME Lithium Inc. reported that it has commenced an airborne geophysical survey at ACME's 11,803 acre Shatford and Cat-Euclid Lake project areas in south eastern Manitoba.The survey for ACME Lithium will be carried out by Dias Airborne with their state of the art QMAGT system. A total of 1,989 line kilometres will be flown at a 65 m line spacing and at a sensor height of 35 m or at the safest height above the tree canopy. High grade IMU and DGPS systems onboard are used to de-rotate the 6 tensor components and compensate for any motion noise. The data will be processed to generate 6 directional tensor magnetic parameters, and various derived products from these parameters, which can be used in combination or individually to interpret the geology in great detail and with high confidence. Dias Airborne's QMAGT system is the most advanced airborne magnetic system currently commercially available. It uses super-conducting quantum technology in the form of SQUID sensors to measure the magnetic field more completely and with greater sensitivity. The QMAGT system measures the full tensor magnetic gradients (FTMG), which means that it is measuring all of the directional information of the magnetic field, which cannot be measured with conventional magnetic systems. This FTMG data provides for much higher resolution imaging than conventional systems, and coupled with the low noise properties of the SQUID sensors that are more sensitive to very weak signals, make it more sensitive to smaller or weaker geologic features that may be missed by traditional total field magnetic systems.ACME's Shatford Lake claim area is located strategically and contiguous to the south of Sinomine's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969, located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims are approximately 20 kilometers to the north of the Tanco Mine. ACME Lithium's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. exploration focus is on spodumene-bearing LCT pegmatites that can be a source for lithium carbonate deposits. Tillkännagivande • Jul 08
Acme Lithium Commences Project Wide Exploration Program in Southeastern Manitoba ACME Lithium Inc. report that it has commenced an extensive summer exploration program at ACME's 11,803 acre Shatford and Cat-Euclid Lake project areas in southeastern Manitoba. ACME's Shatford Lake claim area is located strategically and contiguous to the south of Sinomine's world class Tanco Mine, a Lithium, Cesium and Tantalum producer (LCTs) since 1969, located in the pegmatite fields of the southern limb of the Bird River Greenstone Belt (BRGB). ACME's Cat-Euclid Lake project claims are approximately 20 kilometres to the north of the Tanco Mine. ACME Lithium's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. Company's exploration focus is on spodumene-bearing LCT pegmatites that can be a source for lithium carbonate deposits. At both projects, three two-man crews will focus exploration in areas with abundant outcrop in favourable structural areas. Work will involve soil, rock, and till sampling. Structural mapping will be done on outcrops within the favourable structural domains to identify joint sets favoured to host pegmatite bodies. Dane Bridge, P. Geol. is a Qualified Person as defined by NI 43-101 and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Tillkännagivande • Jun 23
ACME Lithium Inc. Provides Drilling Update At Clayton Valley Nevada Lithium Brine Project: Successfully Completes DH-1 At 1400 Feet (427 Meters) ACME Lithium Inc. reported that the Company has successfully completed hole DH-1 at the Clayton Valley lithium brine project to a total depth of 1400 feet or 427 meters below ground surface. Prospective basin sediments have been encountered and delineated as highly probable for aquifer units based on permeability features, lithology and color. The core is consistent with the known basin stratigraphy. Most notably, an upper volcanic ash unit was encountered from 181 feet to 195 feet which is consistent with the depth and composition of the Main Ash Unit (MAU) in Clayton Valley. Multiple permeability features consisting of coarse sands and gravels, and sand and gravel with weak clay matrix were encountered from approximately 479 feet to 1400 feet TD. From the logged core, these permeability features increased in frequency and in depth below the silt and clay dominated stratigraphyhigher in the hole above 479 feet. A second ash layer or lacustrine tuff was encountered from 1,180 to 1,250 feet which also exhibits characteristics of a potential lithium bearing aquifer deeper in the depositional sequence in Clayton Valley. Cemented surface casing was set to a depth of 200 feet and perforated three-inch PVC casing was installed from 200 feet to TD. The perforations allow formation fluids to flow thru the casing. Downholelogs and geophysical surveys were completed for hole deviation, natural gamma, fluid conductivity and temperature. The downhole geophysical surveys confirm the stratification of denser fluids at depth. Natural gamma, fluid conductivity, and temperature logs all indicate possible brine inflow zones starting around 850 feet with electrical conductivity and total dissolved solids increasing with depth to 1400 feet TD. Fluids in the wellbore will be developed out of the hole via airlift to remove potential drilling contaminants. The well will be allowed to recover and equilibrate after the airlift development. Upon completion of well development activities, individual passive composite zone samples will be collected using HydraSleeveTM and Snap SamplerTM technology. Sample zones will target stratigraphic features expected to contain brine. These samples will be sent to an independent lab and analyzed for lithium,boron and other minerals typical of lithium enriched brine systems. It is expected that the fluids in the casing will stratify by density, so the resulting data will indicate if potentially economic lithium brines are present. If so, the geologic and geophysical data will help identify specific horizons to be tested in a Phase 1B drill program which will include a separate, larger diameter well for completion of brine aquifer permeability testing and sampling. Phase 1B is expected to be executed during the 3rd and 4th quarter of 2022. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle's Silverpeak lithium deposit which has been in production since 1966. Harris Drilling Exploration and Associates Inc. has been contracted by ACME's operator, GeoXplor Corp., to provide drilling services and related activities. ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional datafor exploration work being completed by ACME. Tillkännagivande • Jun 07
Acme Lithium Inc. Commences Drilling at Clayton Valley Nevada Lithium Brine Project ACME Lithium Inc. announced that Phase 1 drilling has commenced at ACME's Clayton Valley Nevada lithium brine project. ACME's Clayton Valley Nevada lithium brine project is contiguous to the northwest of Albermarle's Silverpeak lithium deposit which has been in production since 1966. Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities. Phase 1A will consist of advancement of an HQ core hole up to 500 meters at location DH-1 to assess lithology, permeability features, clay, sand and gravel content, and lithium brine potential. A monitoring well will be temporarily installed in the core hole upon completion of drilling. Brine samples will be collected from the well at depth intervals and then independently analyzed for lithium, boron, and other minerals typical of lithium enriched brine systems. The temporary well will be plugged and abandoned upon completion of testing or within 60 days from completion of drilling. Pending the results of Phase 1A, additional characterization work will be completed (Phase 1B) which will include drilling a separate, larger diameter well for completion of brine-aquifer testing and sampling. ACME completed its Phase 1 Gravity Survey and Phase 2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey this past fall 2021. Based on low resistivity values, multiple areas and zones are interpreted to correlate to lithium-brine occurrences in saline rich aquifers or brine saturated ash and/or pebble gravels. ACME's project location adjacent to or nearby lithium brine projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development, and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME. Board Change • May 31
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, CEO & Non-Independent Director Steve Hanson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • May 20
ACME Lithium Inc. announced that it has received CAD 5.700576 million in funding from Waratah Capital Advisors Ltd. On May 19, 2022, ACME Lithium Inc. closed the transaction. The company has received CAD 1.25 million in its second tranche and final tranche. The company has received CAD 5.7 million in the transaction. The company paid aggregate finder's fees of CAD 87,500 in cash and 46,667 compensation warrants exercisable for two years at CAD 1.8 and 16,204 compensation warrants exercisable for three years at CAD 1.08 were paid. Tillkännagivande • May 04
ACME Lithium Inc. announced that it expects to receive CAD 4.200582 million in funding from Waratah Capital Advisors Ltd. and other investor ACME Lithium Inc. announced a that it has entered into a term sheet for non-brokered private placement of 2,963,500 units at a price of CAD 1.08 per unit for gross proceeds of CAD 3,200,580 from returning investor Waratah Electrification and Decarbonization AIE LP, a fund managed by Waratah Capital Advisors Ltd. and has also entered into a term sheet for non-brokered private placement of 666,668 Flow-Through private placement units at a price of CAD 1.50 per unit for gross proceeds of CAD 1,000,002 from Probity Mining 2022 Short Duration Flow-Through Limited Partnership, the total aggregate gross proceeds amounts to CAD 4,200,582 on May 3, 2022. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for three years at a price of CAD 1.40. Each FT Units will consist of one flow-through common share and one-half of one non-flow through common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for two years at a price of CAD 1.80. All securities that are issued pursuant to the private placement with be subject to, among other things, a hold period of four months and one day in accordance to applicable Canadian securities laws. The company will pay a finder's fee in the amount of 7% of the proceeds of FT private placement in cash to an arms' length party and will issue warrants entitling the holder to acquire such number of shares as is equal to 7% of the FT Units issued under the FT private placement at an exercise price of $1.50 per share for a period of two years from the date of issuance. Board Change • Apr 27
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. No experienced directors. No highly experienced directors. President, CEO & Non-Independent Director Steve Hanson is the most experienced director on the board, commencing their role in 2020. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 26
ACME Lithium Provides Corporate Update on the Exploration Status of its Clayton Valley, Nevada Lithium Brine Project, as Well as Projects in Southeast Manitoba and Oregon ACME Lithium Inc. provided a corporate update on the exploration status of its Clayton Valley, Nevada lithium brine project, as well as projects in southeast Manitoba and Oregon. Clayton Valley, Nevada: ACME is in the late stages of preparation of a planned multi-hole drill program at Clayton Valley, Nevada. The drill program will focus on the most prospective lithium brine targets as defined by geophysical work completed in the fall of 2021. ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. Harris Drilling Exploration and Associates Inc. has been contracted to provide drilling services and related activities. A Dissolved Mineral Resource Exploration Well Permit Application (DMRE) is in process to be submitted to the Nevada Division of Minerals (NDOM), in addition to the already approved Notice of Intent "NOI" permit to drill with the Bureau of Land Management. The project geologist will be in Silver Peak before the end of April to meet with equipment operators to commence road grading and drill pad preparation to the first drill hole collar and drill pad locations. ACME will provide further updates once the drilling contractor has mobilized, and drilling commences. Manitoba: ACME has contracted Norsemen Exploration Inc. to execute an extensive soil and till sampling program at ACME's two projects, Shatford Lake and Cat-Euclid Lake in south eastern Manitoba, Canada. This extensive program is expected to commence in late spring. These two projects include 27 claims totaling approximately 11,803 acres and are strategically situated in the pegmatite fields of the Bird River Greenstone Belt (BRGB). ACME's exploration strategy in the Bird River Greenstone Belt is to employ remote sensing, structural geology, ground-based geological mapping, and geochemical sampling to localize targets for drilling. The company's exploration focus is on spodumene-bearing Lithium-Cesium- Tantalum (LCT) pegmatites that can be a source for lithium carbonate deposits. Oregon: ACME has completed 29.1 line miles of the previously announced IP Survey at its prospective Warm Springs project in southeast Oregon. The IP Survey is currently being processed by KLM Geoscience. ACME has postponed its next phase of work on the Warm Springs project in Oregon pending clarification of claim status and permitting requirements with the Bureau of Land Management. ACME's project location adjacent to or nearby lithium projects does not guarantee exploration success or that mineral resources or reserves will be defined on ACME's properties. Exploration, development and activities conducted by regional companies provide assistance and additional data for exploration work being completed by ACME. Tillkännagivande • Apr 20
ACME Lithium Inc. Announces Formation of Strategic Advisory Board ACME Lithium Inc. announced that it has formed a strategic Advisory Board to provide counsel to ACME's executive management team and Corporate Board of Directors. The initial appointees bring extensive depth and experience in their respective fields and will provide important counsel as ACME develops its lithium projects in the United States and Canada. Appointees include: Paul McGuigan, P. Geo. - Technical Advisor. Mr. McGuigan is a Professional Geoscientist registered with the Association of Engineers and Geoscientists of the Province of British Columbia, with 47 years of international experience in mineral exploration, deposit evaluation, mine operations, and corporate governance. Matt Banta, PH - Technical Advisor - Mr. Banta has over 20 years of technical and professional experience in groundwater and surface water resource inventories, water development projects, and water resource management. Mr. Banta has managed and completed numerous groundwater and surface water resource investigations andinventories, hydraulic testing programs, aquifer testing programs and groundwater characterization studies throughout the world and western United States. Tillkännagivande • Feb 08
ACME Lithium Receives Approval of Notice of Intent to Drill Clayton Valley Nevada Lithium Brine Project ACME Lithium Inc. announced that it's project operator GeoXplor Corporation has received a letter of approval under a "Notice of Intent to Drill" ("NOI") from the United States Bureau of Land Management (BLM), Tonopah field office Nevada, for ACME's near term drill program at its Clayton Valley lithium brine project. The Notice of Intent (NOI) covers a multi-hole drill program up to a depth of 500 meters and focuses on the most prospective lithium brine targets as defined by recent geophysical work, in addition to drill road access and site preparation. A USD 24,197 bond has now been accepted and put in place with the BLM to cover reclamation of up to 3.55 acres of permitted disturbance. ACME is in the final stages of completing the preparatory work required to commence drilling operations including securing drilling and hydrogeological services, as well as additional permits required. ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. ACME's lithium source material and transport mechanisms could be similar to those that have supplied other Clayton Valley lithium-bearing brines. ACME's current and ongoing program at Clayton Valley is operated by GeoXplor Corp., one of the industry's early leaders in lithium exploration and development in Nevada and their long standing team of technical contractors. Tillkännagivande • Feb 04
ACME Lithium Inc. announced that it expects to receive CAD 2.98873 million in funding from Lithium Royalty Corp. ACME Lithium Inc. announced a that it has entered into a term sheet for non-brokered private placement of 3,179,500 units at a price of CAD 0.94 per unit for gross proceeds of CAD 2,988,730 on February 3, 2022. The transaction will include participation from Lithium Royalty Corp. Each Unit will consist of one common share and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional common share for two years at a price of CAD 1.22. All securities that are issued pursuant to the private placement with be subject to, among other things, a hold period of four months and one day in accordance to applicable Canadian securities laws. The transaction is expected to close on or before March 17, 2022. Tillkännagivande • Dec 17
ACME Lithium Inc. announced that it has received CAD 1.000001 million in funding On December 16, 2021, ACME Lithium Inc. closed the transaction. Finder's fees totaling CAD 70,000.06 cash and 58,333 compensation warrants exercisable for two years at CAD 1.20 were paid to Qwest Investment Fund Management Ltd. Tillkännagivande • Dec 14
ACME Lithium Inc. announced that it expects to receive CAD 1.000001 million in funding ACME Lithium Inc announced a non-brokered private placement of up to 833,334 units at CAD 1.20 per unit for gross proceeds of CAD ?1,000,000.8?0 on December 13, 2021. Each unit will be comprised of one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 1.50 for two years from closing of the transaction. The company may pay a 7% cash and 7% warrant finder's fee on the gross proceeds raised in the transaction. The closing of the transaction and the issuance of the securities in connection therewith is conditional on the final acceptance of the Canadian Securities Exchange. All securities that are issued pursuant to the transaction will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. Tillkännagivande • Dec 03
ACME Lithium Inc. (CNSX:ACME) acquired Two Strategic Lithium Projects Located in Manitoba, Canada. ACME Lithium Inc. (CNSX:ACME) acquired Two Strategic Lithium Projects Located in Manitoba, Canada on December 2, 2021.
ACME Lithium Inc. (CNSX:ACME) completed the acquisition of Two Strategic Lithium Projects Located in Manitoba, Canada on December 2, 2021. Board Change • Oct 21
Less than half of directors are independent There are 3 new directors who have joined the board in the last 3 years. Of these new board members, 1 was an independent director. The company's board is composed of: 3 new directors. No experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). President, CEO & Director Steve Hanson is the most experienced director on the board, commencing their role in 2020. Independent Director Vivian Katsuris was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Tillkännagivande • Sep 24
ACME Lithium Inc. Advances Lithium Brine Targeting and Commences Phase 2 Geophysical Survey ACME Lithium Inc. reported that Hasbrouck Geophysics has completed the processing, modelling and interpretation of the detailed gravity survey at ACME's Clayton Valley lithium project in Nevada. The gravity survey is Phase 1 of a two-phase geophysical survey program with the Phase 2 Hybrid-Source Audio-Magnetotellurics (HSAMT) survey commencing immediately. The results of the gravity and HSAMT surveys will be used to prioritize drill locations to test for lithium concentrations within brines. ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. Lithium source material and transport mechanisms for the CC, CCP, JR and SX claims are present and could be similar to those that have supplied Clayton Valley lithium-bearing brines and may be conducive to increased lithium-bearing brine concentrations. Previous reconnaissance gravity data acquired in Clayton Valley by Sierra Geothermal Power Corporation, under contract to the U.S. Department of Energy, and GeoXplor Corp. were on a nominal one-kilometer grid near the CC, CCP, JR and SX claims and the new data were acquired on a 250-meter grid over the claims to map in detail the depth to bedrock or thickness of sediments, map geologic structure relative to the occurrence of lithium-bearing brine, and to provide information for the design of additional geophysical surveys. In the Clayton Valley region, it is thought that lithium enriched volcanics that outcrop in the area are the source of lithium. The predominant features within the modeled bedrock depth map from the gravity data are a relatively long bedrock low that extends from near the northwest edge of the surveyed area towards the south-southeast, another relatively long bedrock low extending south from near the northeast portion of the surveyed area and a general area of deeper bedrock in the southern portion of the area. These bedrock lows that may concentrate lithium-bearing water will be investigated with the HSAMT geophysical method along several lines. The HSAMT survey will map geologic stratigraphy and structure relative to the occurrence of lithium-bearing brine, identify conductors that are thought to be representative of lithium-bearing brine and determine the dip and thickness of those conductors. William Feyerabend, Certified Professional Geologist is a qualified person as defined by NI 43-101, and has supervised the preparation of the scientific and technical information that forms the basis for this news release. Tillkännagivande • Aug 26
Acme Lithium Completes Phase 1 Geophysical Survey Targeting Lithium Brine ACME Lithium Inc. to report that Hasbrouck Geophysics has successfully completed Phase 1 of a two phase geophysical survey program at ACME's Clayton Valley project in Nevada. Phase 1 of the program entailed a gravity survey which included a total of 120 gravity stations acquired over the claim area on a grid of 250 meters. Processing, interpretation and analysis will commence immediately. Data collected in the gravity survey will more accurately map variations in basin depth and topography, as well as map inferred geologic structures relative to the occurrence of lithium-bearing brine. This work will also provide key information for the design of additional geophysical surveys to be acquired over ACME's CC, CCP, JR and SX claim package. Valuation Update With 7 Day Price Move • Aug 13
Investor sentiment improved over the past week After last week's 17% share price gain to CA$1.18, the stock trades at a trailing P/E ratio of 13.5x. Average trailing P/E is 11x in the Metals and Mining industry in Canada. Tillkännagivande • Aug 11
ACME Lithium Inc. Commences Phase 1 of Geophysical Survey Program ACME Lithium Inc. reported that Hasbrouck Geophysics has commenced Phase 1 of a two phase geophysical survey program at ACME's Clayton Valley project in Nevada. Phase 1 entails a gravity survey and Phase 2 is a Hybrid-Source Audio-Magnetotellurics (HSMAT) survey. The results of the gravity survey will be used to prioritize drill locations to test for lithium concentrations within brines. ACME's project is contiguous to Albemarle's Silver Peak lithium resource and production facility. Data collected in the gravity survey will more accurately map variations in basin depth and topography, as well as map inferred geologic structures relative to the occurrence of lithium-bearing brine. This work will also provide key information for the design of additional geophysical surveys to be acquired over ACME's CC, CCP, JR and SX claim package. The survey will include a total of 120 gravity stations acquired over the claim area on a grid of 250 meters. Tillkännagivande • Jul 03
ACME Lithium Inc. announced that it has received CAD 3.609667 million in funding On July 2, 2021, ACME Lithium Inc closed the transaction. The company issued 2,378,650 units in its second and final tranche for gross proceeds of CAD 951,460. The company paid finder’s fee of CAD 11,298 in the transaction. The transaction included participation from insiders of the company for 25,000 units. Tillkännagivande • Jun 10
ACME Lithium Inc. (CNSX:ACME) acquired 58 New Claims Contiguous to CC, CCP and SX lithium Claims Located in Clayton Valley. ACME Lithium Inc. (CNSX:ACME) acquired 58 New Claims Contiguous to CC, CCP and SX lithium Claims Located in Clayton Valley on June 9, 2021.
ACME Lithium Inc. (CNSX:ACME) completed the acquisition of 58 New Claims Contiguous to CC, CCP and SX lithium Claims Located in Clayton Valley on June 9, 2021. Tillkännagivande • May 21
ACME Lithium Inc. announced that it expects to receive CAD 3.2 million in funding ACME Lithium Inc. (CNSX:ACME) announced a non-brokered private placement of up to 8,000,000 units at CAD 0.40 per unit for gross proceeds of CAD 3,200,000 on May 19, 2021. Each unit will be comprised of one common share and one-half of one transferable common share purchase warrant, with each whole warrant entitling the holder to purchase one additional common share at a price of CAD 0.60 for two years from closing of the transaction. The company may pay a cash finder's fee of up to 7% of the gross proceeds raised under the transaction, at the discretion of the company. The closing of the transaction and the issuance of the securities in connection therewith is conditional on the final acceptance of the Canadian Securities Exchange. All securities that are issued pursuant to the transaction will be subject to, among other things, a hold period of four months and one day in accordance with applicable Canadian securities laws. 
