US Critical Metals Corp (OTCMKTS:USCMF) Stock In Focus After Recent News
It was a momentous day for US Critical Metals Corp (OTCMKTS:USCMF) on Thursday as the company announced that its Notice of Intent for the Phase 1 drilling initiative at the Clayton Ridge Lithium Property had been approved by the Bureau of Land Management.
Trading Data
On Thursday, USCMF stock soared 1.57% to $0.2298 with 500 shares, compared to volume of 43.43K shares. The stock moved within a range of $0.2298 – 0.2298 after opening trade at $0.2298.
USCM Receives Drill Permit for Clayton Ridge
The project in question is situated in Esmeralda County in Nevada and spans across an area of as much as 3600 acres in the Clayton Valley area. The Clayton Valley area is in fact the only region in the United States which produces Lithium. The property is located on the volcanic mountains located above the Clayton Valley. It should be noted that the volcanic mountains could potentially be the source of the actual lithium at the property.
Once the company manages to fulfil certain conditions then it would have the right to the entirety of the property. The conditions include 1500 metres of drilling at the project, payment of $75000 in cash to the vendor of the property and issuance of 500000 common shares in US Critical Metals Corp to the property vendor. The Notice of Intent would entitle the company to have access to 4.72 acres in the form of disturbance area.
