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New Tech Lithium Corp ( (TSE:KCLI) ) just unveiled an update.
American Critical Minerals Corp. has renewed its potash licenses and lithium claims across the Green River Project, covering over 32,530 acres. The company is set to drill up to seven wells, having finalized bonding requirements with relevant authorities. Unlike neighboring companies focusing on either potash or lithium, American Critical Minerals aims to develop both resources. This strategic move positions the company to leverage the potential of the Paradox Basin, a significant source of high-quality lithium, and aligns with its goal to confirm historic values from past oil and gas wells. Additionally, the company has granted stock options and restricted share units to its key personnel, further aligning their interests with the company’s growth objectives.
More about New Tech Lithium Corp
American Critical Minerals Corp. operates in the critical minerals industry, focusing on the exploration and development of potash and lithium resources. The company is engaged in the Green River Potash and Lithium Project located in Utah’s Paradox Basin, which offers logistical advantages due to its proximity to major rail hubs.
Average Trading Volume: 167,892
Technical Sentiment Signal: Buy
Current Market Cap: C$20.84M
See more insights into KCLI stock on TipRanks’ Stock Analysis page.