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Blanton Resources Corp. ( (TSE:USLI) ) has provided an update.
American Salars Lithium Inc. has signed an option agreement to acquire up to a 100% interest in the Pétawaga Lithium–Niobium–Uranium Project, comprising seven mineral claims near Mont-Laurier, Québec. The 411-hectare property covers the historical Petawawa River showing, where past bulk sampling from a pegmatitic dyke reported notable niobium and uranium grades, and benefits from year-round road access and nearby infrastructure.
The company can secure full ownership of the claims by making staged cash payments totaling C$120,000 over three years to a group of arm’s length vendors, with ownership transferring upon completion of the schedule. The move expands American Salars’ exposure to critical metals beyond lithium, potentially strengthening its strategic position in Quebec’s emerging battery and nuclear metals district, although the historical exploration results cited have not yet been independently verified or classified as current resources.
More about Blanton Resources Corp.
American Salars Lithium Inc. is a mineral exploration company focused on high-value battery metals, targeting resources that support the growing electric vehicle market. The firm seeks to identify and advance lithium and related critical metal projects across the Americas to position itself within the evolving battery materials supply chain.
Average Trading Volume: 23,455
Technical Sentiment Signal: Buy
Current Market Cap: C$678.6K
See more data about USLI stock on TipRanks’ Stock Analysis page.