Acme Lithium Inc. (CSE: ACME) (OTC: ACLHF) Stock On Watchlist After Latest Development

Wednesday turned out to be a tough day for Acme Lithium Inc. (CSE: ACME) (OTC: ACLHF) shareholders as the company’s stock suffered from a selloff and ended up with a decline of 20%. Could it make a recovery today in light of the significant announcement yesterday?

ACME Lithium and Snow Lake Complete Successful Field Exploration Season on the Shatford Lake Lithium Project, Manitoba

The company announced that the 2024 exploration season had been completed at the Shatford Lake Project located in Manitoba by Snow Lake Energy. It was a key announcement from the company, and in the news release, Acme Lithium went on to provide some of the major highlights from the exploration activity.

Highlights

Some of the highlights from the successful completion include the fact that the results also included the discovery of a number of pegmatites below heavy overburden and the prospect of more exploration, inclusive of drilling in 2025. Further drilling would also be managed by Snow Lake.

Moreover, it was also noted that a 25- to 30-meter-wide tantaline bearing pegmatite had also been discovered at the property. That was also seen as an indication that there was potential for lithium, tantalum, and cesium mineralization at the property. The discovery in question had been made at the Cat-Euclid claim block. It could be a good time for investors to keep an eye on the Acme Lithium stock this morning and notice for any signs of a quick recovery.