- U.S. Critical Metals Corp. (OTCQB: USCMF) acquires a 100% interest in the Clayton Ridge Lithium Project.
- The project is strategically located in Nevada's Clayton Valley, a region known for advanced-stage lithium claystone deposits.
- The acquisition includes a 3% gross overriding royalty (GORR), with an option to purchase 1% for USD$1 million.
U.S. Critical Metals Corp. (OTCQB: USCMF) has successfully completed the acquisition of a 100% interest in the Clayton Ridge Lithium Project, located in Esmeralda County, Nevada. This strategic acquisition places USCMF in a promising position within the Clayton Valley, approximately 20 kilometers west of Tonopah, an area recognized for its advanced-stage lithium claystone deposits.
The Clayton Ridge project is subject to a 3% gross overriding royalty (GORR), with USCMF retaining the option to purchase 1% of this royalty for USD$1 million. Historical exploration of the project has confirmed significant lithium-rich claystone over surface exposures, with mineralization hosted in illite and smectite-rich volcanic ash-derived clays. The geological characteristics of the project suggest potential for lateral extension towards the east.
Despite recent near-term price pressures in lithium markets, Darren Collins, CEO of USCM, remains optimistic about the long-term demand for domestic lithium supply. "With advanced projects like Thacker Pass and American Lithium's TLC Project helping de-risk claystone lithium assets in the United States, we believe Clayton Ridge is well-positioned as part of a broader national strategy to establish secure and scalable lithium supply," Collins stated.
