ACME Lithium Set to Drill-Test Newly-Identified Lithium Brine

ACME Lithium Inc. (CSE: ACME)(OTC: ACLHF) — currently trading around C$1.00 per share — is preparing to drill-test multiple newly-identified targets at its Clayton Valley lithium project in Clayton Valley, Nevada.

The company’s recently-completed Phase-2 Hybrid Source Audio-Magnetotellurics (HSAMT) survey — covering ~9.5 km of lines — has identified a set of key drill locations to test for lithium concentrations within groundwater brines.

The ACME team is proceeding with securing a drill contractor, additional technical advisors, and permits in preparation for a planned drill program in Q1 2022.

ACME’s Clayton Valley (CC, CCP, JR and SX claims) and Fish Lake Valley (FLV) properties represent the flagship and are situated nearby to the Silver Peak Lithium Mine [owned and operated by Albemarle Corporation (NYSE: ALB | Market Cap: US$31.8B)] which has been in production for more than five decades.

acme lithium map

ACME’s strategic position in Clayton Valley may soon prove advantageous as America seeks to stockpile lithium carbonate in the wake of new US emissions standards calling for a full 50% of vehicles sold in the US by 2030 to be EVs. 

With a current market cap below C$30 million — and with lithium demand projected to double by 2024 as millions of new EVs and hybrids hit the roadways — ACME is emerging as one-to-watch as a potential future US producer of the so-called “white petroleum” with drilling slated to commence next quarter.

Check out additional ACME news, interviews, and much more on our website.

For interested speculators, we also compiled this feature report on ACME Lithium.

Yours in profits,

Mike Fagan
Editor, Resource Stock Digest

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