Mike Fagan,
Editor
June 8, 2023
Hertz Lithium Inc. (CSE: HZ)(OTC: HZLIF) — newly-IPOd and currently trading around C$0.35 per share — is advancing the flagship, 100%-owned Lucky Mica lithium project in the Arizona Pegmatite Belt, an emerging hard rock lithium district with known lithium deposits.
The company has commenced field exploration at Lucky Mica, which is an early exploration-stage hard rock spodumene lithium project located in Maricopa County, Arizona; a top-tier mining jurisdiction, globally.
The Hertz team is targeting what it expects could be an initial 10 to 15 million tonne deposit with potential for systematic advancement toward production if sufficient grade and tonnage can be proven up by way of the drill.
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View ReportsThe company has also exercised its option to obtain a license for use of a novel chemical process for lithium extraction from hard rock sources under development by the Penn State Research Foundation (PSRF).
The patent-pending extraction process, of which Hertz has an option to license the exclusive worldwide rights for the utilization of the technology, offers a way to potentially extract lithium from spodumene while it’s still in its ‘a’ form — with recoveries up to 90% lithium.
Hertz Lithium CEO Kal Malhi — whom you’re about to hear from directly in our exclusive interview — commented via press release:
“We are thrilled at the opportunity to work with Penn State University and further develop their innovative technology for an improved technology for extracting lithium from hard rock sources. As many new hard rock lithium deposits are being discovered to meet the demand for lithium, we aim to work with Penn State University's patent pending process to develop improved lithium extraction technologies for hard rock resources across the world.”
Ongoing Phase-1 fieldwork at the 2,300-acre Lucky Mica property includes mapping and geochemical sampling in and around known pegmatite outcrops to be followed by trenching and channel sampling and, potentially, a Phase-2 maiden drill program slated for the fall.
As you’re about to discover in our eye-opening conversation with Mr. Malhi, Hertz Lithium is laser focused on the rapid advancement of the Lucky Mica project as a potential near-term producer.
Having just completed the IPO process in April, the Hertz Lithium team has hit the ground running with the discovery of three new pegmatite clusters warranting further evaluation and, potentially, drilling. Contiguous to Lucky Mica, ASX-listed Patriot Lithium is conducting exploration work on its Wickenburg lithium project and is achieving early positive exploration results.
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View PublicationsIf everything goes as planned at Lucky Mica, Hertz Lithium could quickly find itself utilizing a groundbreaking, environmentally-sound lithium extraction technology in one of the safest mining jurisdictions on the planet with licensing rights to deploy the model in other jurisdictions as well.
To get the skinny, our own Gerardo Del Real of Junior Resource Monthly sat down with Hertz Lithium CEO Kal Malhi to go over the Lucky Mica project, the company’s impressive capital markets acumen, and the extraction technology advantage via its licensing agreement with Penn State University. Please enjoy!
For more information on Vancouver-based Hertz Lithium, be sure to contact the company’s IR department at 604-805-4602 or via email at info@hertzlithium.com. Sign up to receive updates directly from the company here.
Yours in profits,
Mike Fagan
Editor, Resource Stock Digest