Mike Fagan,
Editor
Aug. 26, 2021
ACME Lithium Inc. (CSE: ACME)(OTC: ACLHF) — currently trading around C$1.20 per share — has completed Phase 1 of a two-phase geophysical survey at its Clayton Valley Lithium Project in Esmeralda County, Nevada.
The program is being deployed to map out basin characteristics in relation to potential lithium-bearing brines over a 250-meter grid with Phase 2 slated to commence in late-September.
ACME’s two flagship properties — Clayton Valley and Fish Lake Valley — are located in the epicenter of lithium exploration and development in the United States nearby to the Silver Peak Lithium Mine in Clayton Valley owned and operated by Albemarle Corporation (NYSE: ALB | Market Cap: US$26.8B).
Based on that proximity and the underlying geology, the ACME Lithium team believes its properties have the potential to host lithium brines similar to Silver Peak. Preparations are underway at both properties — including the two-phase geophysical survey at Clayton Valley — to test that thesis.
And the timing could not be better for ACME with the current global push for lithium-ion-powered electric vehicles — or EVs for short. In fact, just the other day, President Biden announced new emissions standards calling for a full 50% of vehicles sold in the US by 2030 to be EVs. We’re talking less than 9 years from now!
ACME’s strategic position in the epicenter of US lithium activity may soon prove advantageous as America seeks to stockpile the metal to satisfy growing demand.
With a current market cap well below C$35 million — and with lithium demand expected to double by 2024 — ACME is emerging as one-to-watch as a potential future US producer of the so-called white petroleum.
Click here for our brand new feature report on ACME Lithium.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest
Mike Fagan has mining in his blood. As a teenager he staked countless gold and silver properties in Nevada alongside his dad, Brian Fagan, who created the Prospect Generator model that’s still widely used today in the resource space. One of those staking projects was put into production by a major Canadian mining company — a truly rare and profitable experience. That background uniquely qualifies him as a mining stock speculator. One of the most well-known names in the business, Mike is now putting that experience to use for the benefit of Resource Stock Digest readers.