Captain Black Bob Blanco
3 years ago
Foremost Lithium Receives a Permit to Extract a Bulk Sample from its Zoro Lithium Project: First Step Towards the Production of 6% Battery-Grade Lithium Hydroxide Resource
VANCOUVER, British Columbia, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology (CSE:FAT) (OTC Pink:FRRSF) (FSE:F0R) (www.foremostlithium.com) (βForemostβ or the βCompanyβ) is pleased to announce it has received a permit from the Province of Manitoba to extract a bulk sample from its Zoro Lithium Project located in the historic mining district of Snow Lake, Manitoba.
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project. The bulk sample will be shipped to a reputable third party for metallurgical testing and process development. A 2020 peer reviewed technical publication co-authored with SGS Mineral Services concluded that spodumene-bearing pegmatite from Zoro Dyke 1 can be processed using industry standard metallurgy to produce a 6% battery-grade lithium (Li2O) concentrate.i The goal for the upcoming 500 kg bulk sample is to demonstrate that pegmatite from the Companyβs Zoro Lithium Project is suitable to produce battery-grade lithium hydroxide (LiOH) thereby making it viable to market its lithium to strategic partners prior to development.
Scott Taylor, President and CEO of Foremost Lithium states βIn addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%. Given the similarity in mineralogy of the Beryl pegmatite to Dyke 1 on the Zoro property, the potential to produce battery-grade lithium hydroxide from the Beryl pegmatite is a distinct possibility. As such, the extraction of a bulk sample at the Beryl pegmatite for purposes of third-party metallurgy is currently being planned. This is the first step in our journey and commitment to shareholders to deliver a secure domestic supply of battery-grade lithium hydroxide.β
About Foremost Lithium
Foremost Lithium is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market. Given the importance and global focus on increasing energy decarbonization, especially when it comes to vehicles, The Company is hyper-focused in continued exploration and growth on its three lithium properties, Jean Lake and Zoro located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost Lithium also holds assets in precious commodities with its Winston Gold/Silver Project in New Mexico, USA.
Scott Taylor
President and CEO
Foremost Lithium Resource &Technology
scott.taylor@foremostlithium.com
1 604 330-8067
Captain Black Bob Blanco
3 years ago
Foremost Lithium Receives a Permit to Extract a Bulk Sample from its Zoro Lithium Project: First Step Towards the Production of 6% Battery-Grade Lithium Hydroxide Resource
VANCOUVER, British Columbia, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Foremost Lithium Resource & Technology (CSE:FAT) (OTC Pink:FRRSF) (FSE:F0R) (www.foremostlithium.com) (βForemostβ or the βCompanyβ) is pleased to announce it has received a permit from the Province of Manitoba to extract a bulk sample from its Zoro Lithium Project located in the historic mining district of Snow Lake, Manitoba.
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project. The bulk sample will be shipped to a reputable third party for metallurgical testing and process development. A 2020 peer reviewed technical publication co-authored with SGS Mineral Services concluded that spodumene-bearing pegmatite from Zoro Dyke 1 can be processed using industry standard metallurgy to produce a 6% battery-grade lithium (Li2O) concentrate.i The goal for the upcoming 500 kg bulk sample is to demonstrate that pegmatite from the Companyβs Zoro Lithium Project is suitable to produce battery-grade lithium hydroxide (LiOH) thereby making it viable to market its lithium to strategic partners prior to development.
Scott Taylor, President and CEO of Foremost Lithium states βIn addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%. Given the similarity in mineralogy of the Beryl pegmatite to Dyke 1 on the Zoro property, the potential to produce battery-grade lithium hydroxide from the Beryl pegmatite is a distinct possibility. As such, the extraction of a bulk sample at the Beryl pegmatite for purposes of third-party metallurgy is currently being planned. This is the first step in our journey and commitment to shareholders to deliver a secure domestic supply of battery-grade lithium hydroxide.β
About Foremost Lithium
Foremost Lithium is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market. Given the importance and global focus on increasing energy decarbonization, especially when it comes to vehicles, The Company is hyper-focused in continued exploration and growth on its three lithium properties, Jean Lake and Zoro located in Snow Lake, Manitoba, and Hidden Lake in the Northwest Territories. Foremost Lithium also holds assets in precious commodities with its Winston Gold/Silver Project in New Mexico, USA.
Scott Taylor
President and CEO
Foremost Lithium Resource &Technology
scott.taylor@foremostlithium.com
1 604 330-8067
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
Captain Black Bob Blanco
3 years ago
FAR Resources Letter to Shareholders
VANCOUVER, British Columbia, Dec. 30, 2021 (GLOBE NEWSWIRE) -- FAR Resources Ltd (CSE:FAT) (FSE:F0R) (OTC Pink:FRRSF) (www.farresources.com) (βFAR Resourcesβ or the βCompanyβ) is pleased to provide the following letter from the President and CEO, Scott Taylor:
Dear Shareholders,
As FAR Resources newly installed President CEO, and in keeping with my commitment to re-build market trust and maintain transparent shareholder communications, I offer the following corporate update and planned overview for 2022. Firstly, thank-you to all shareholders who overwhelmingly voted for change at our recent AGM. Speaking on behalf of the new Board of Directors, we are committed to earning your confidence and to moving FAR forward in the upcoming year!
Globally, lithium exploration companies are enjoying a robust year and we plan to develop FARβs properties in a way that is consistent and on-par with our peers in 2022. Previous managementβs failed strategy led to a massive disconnect between the Companyβs valuable assets and the share price in 2021. The Board and management of your company are committed to eliminating this disconnect and to start creating real value for our shareholders. For immediate action, I can confirm the following:
We have concluded our airborne geophysical survey over Jean Lake and final interpretation of results are being confirmed by Dr. Mark Fedikow and will be disclosed in the near future
We have completed the reporting and documentation required to receive Phase 2 of the $300,000 grant awarded by The Manitoba Mineral Development Fund ("MMDF")
Finalizing corporate branding including company name change reflecting commitment to lithium production, which will include launch of new website, corporate imaging and marketing materials by the beginning of the year
Had successful strategy sessions in New York City mid-December with natural resource market experts to enlarge our US footprint and influence international contacts and players in the lithium space. I was very well received and the market appears hungry for exciting, new lithium opportunities
An application was submitted for an up listing from the OTC Pink to the OTCQB Venture Market
Recently personally visited New Mexico to understand the issues causing delays in our drilling plans of our Winston Gold/Silver Project. Dr. Michael Feinstein (the on-site team geologist), and I have a subsequent on-site meeting mid-January in to discuss advancement of the Project, and to resolve our stalled progress
Extensive due diligence continues on the Hidden Lake program in the NWT and an analysis of strategic options to enhance the value of this lithium asset is ongoing
It is our promise to move the company forward through exploration, drilling and resource delineation as we are in possession of three excellent lithium properties and one outstanding gold/silver property. We plan to get drills in the ground in 2022 and monetize our assets. Far Resources (soon to be XXXXXX Lithium) is poised to take advantage of the global demand for lithium fueled by the explosive growth in the EV market and crucial adoption of green technologies. Our company is well positioned and has infinite potential. With the disciplined execution of our business strategies, we shall solidify and expand our position in the North American lithium sector with confidence in 2022!
Wishing you all the best in the coming year!
Scott Taylor
President and CEO, Far Resources LTD.
About Far
Far Resources is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market. Given the importance and global focus on increasing energy decarbonization, especially when it comes to vehicles, The Company is hyper-focused in continued exploration and growth on its three lithium properties, Zoro and Jean Lake located in Snow Lake, Manitoba, and Hidden Lakes in the Northwest Territories. Far Resources also holds assets in precious commodities with its Winston Gold/Silver Project in New Mexico, USA.
Scott Taylor
President and CEO
Far Resources Ltd
scott.taylor@farresources.com
1 604 330-8067
Scott Taylor
President and CEO
Far Resources Ltd.
scott.taylor@farresources.com
1 604 330-8067
The Canadian Securities Exchange has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.
whytestocks
6 years ago
News: $FRRSF Far Resources Announces Continued Drilling Success at its Zoro Lithium Project, Manitoba, with Significant Expansion of Dyke 8 Mineralisation and Discovery of New Spodumene-bearing Pegmatite Dykes
VANCOUVER, BC / ACCESSWIRE / January 18, 2019 / Far Resources Ltd (CSE:FAT) (FSE:F0R) (OTC:FRRSF) is pleased to announce that is has completed 16 diamond drill holes at its 100% owned Zoro Lithium Project near Snow Lake in mining friendly Manitoba, resulting in both new discoveries and expan...
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