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The latest announcement is out from US Critical Metals Corp. ( (TSE:USCM) ).
US Critical Metals Corp. has signed a drilling services agreement with Nevada-based Envirotech Drilling for a 2026 reverse circulation drill program at its McDermitt East Lithium Project in Nevada and has begun permitting for the campaign. The initial program will comprise about 1,000 meters of drilling, with mobilization targeted for the third quarter of 2026, aiming to test lithium-bearing claystone units identified through surface work and potentially expand based on results.
Located in the McDermitt Caldera, roughly 19 kilometers from Lithium Americas’ Thacker Pass project, McDermitt East lies in one of North America’s key emerging lithium districts and benefits from nearby infrastructure and growing regional investment. By advancing permitting and drilling in a mining-friendly U.S. jurisdiction as lithium demand rises, USCM is positioning the project to capitalize on the momentum around Thacker Pass and broader efforts to secure domestic lithium supply.
More about US Critical Metals Corp.
US Critical Metals Corp. is a exploration-stage mining company focused on U.S. critical minerals needed for the energy transition. Its portfolio targets lithium and other strategic metals projects aimed at strengthening domestic supply chains for electric vehicles and alternative energy technologies.
Average Trading Volume: 47,109
Technical Sentiment Signal: Sell
Current Market Cap: C$7.97M
See more data about USCM stock on TipRanks’ Stock Analysis page.