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The latest update is out from US Critical Metals Corp. ( (TSE:USCM) ).
US Critical Metals Corp. has announced a six-month extension to its Option and Exploration Agreement for the McDermitt East Lithium Project in Nevada, allowing the company to maintain its strategic position in a key lithium-producing region. This extension coincides with increased U.S. government interest in domestic lithium production, highlighted by potential federal backing for the nearby Thacker Pass project, which underscores the strategic importance of the McDermitt Caldera as a significant source of lithium. The extension and government interest are expected to enhance USCM’s long-term value for shareholders and strengthen its position in the U.S. lithium industry.
More about US Critical Metals Corp.
US Critical Metals Corp. (USCM) is focused on securing the U.S. supply of critical metals and rare earth elements essential for the new age economy. The company holds option agreements to acquire interests in four discovery-focused projects in the U.S., including lithium and cobalt properties in Nevada, Idaho, and Montana. USCM aims to explore and develop these assets to advance U.S. strategic interests.
Average Trading Volume: 79,427
Technical Sentiment Signal: Hold
Current Market Cap: C$9.71M
See more insights into USCM stock on TipRanks’ Stock Analysis page.