Positions USCM with exposure to two leading lithium basins in Nevada (Clayton Valley and McDermitt Basin). Nevada is the only lithium producing state in the US.1Exploration and Option Agreement • September 18th, 2023
Vancouver, British Columbia--(Newsfile Corp. - September 18, 2023) - US Critical Metals Corp. (CSE: USCM) (OTCQB: USCMF) (FSE: 0IU0) ("USCM" or the "Company") is pleased to announce that it has, along with its wholly-owned subsidiary, US Energy Metals Corp. ("USEM"), entered into an Exploration and Option to Enter Joint Venture Agreement dated September 15, 2023 (the "Option Agreement") with respect to the McDermitt Lithium Project in Nevada (the "Project" or "MLEP") with Live Energy Minerals Corp. ("LIVE"), a public British Columbia company listed on the Canadian Securities Exchange (the "CSE") and its wholly-owned Nevada subsidiary, Lithium Valley Holdings Corp. ("LVH"), providing the Company with the option to acquire up to a 50% interest in the Project and a further option to acquire an additional 25% interest for an aggregate total of 75% interest in the Project (the "Transaction").
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NOW, THEREFORE, in consideration of the respective covenants and agreements contained in this exploration and option agreement (the “Agreement”), and for other good and valuable consideration, the Parties hereto agree with each other as follows:
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