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Fulcrum Lithium Ltd. ( (AU:FUL) ) has provided an announcement.
Fulcrum Lithium has secured regulatory approval from the U.S. Bureau of Land Management for its Phase 3 drill program at the Alkali Flats project, allowing more than 30 reverse circulation and core holes to be drilled to extend known mineralisation, infill earlier Phase 2 work, and generate core for geotechnical and metallurgical studies. The company has contracted drill rigs and begun mobilisation preparations, while also initiating further metallurgical test work with Kappes Cassiday & Associates to refine lithium recovery processes through ore upgrading and leach testing, aiming to deliver a maiden mineral resource estimate and a robust geological model at a time of sharply improved lithium carbonate prices, which supports the project’s development prospects and strengthens Fulcrum’s position in a recovering lithium market.
More about Fulcrum Lithium Ltd.
Fulcrum Lithium Ltd. is an ASX-listed lithium exploration and development company focused on its wholly owned Alkali Flats lithium claystone project in Esmeralda County, Nevada. The project covers 793 lode claims over 66 square kilometres in a prime lithium district near Tonopah Flats, TLC and Albemarle’s Silver Peak, the only operating lithium mine in the United States, positioning Fulcrum in a strategically significant North American lithium corridor.
Average Trading Volume: 81,067
Technical Sentiment Signal: Strong Buy
See more data about FUL stock on TipRanks’ Stock Analysis page.