Ford Motor Co. Commitment to Secure Lithium From Quebec is Endorsement of Arbor Metals’ Vision
24 May 2023 - 4:00PM
Arbor Metals Corp. (
“Arbor” or the
“
Company”) (TSXV: ABR, FWB: 432) is pleased to
announce that the recent commitment made by Ford Motor Company to
secure lithium from Quebec has been seen as a resounding
endorsement of Arbor's vision for the lithium market in the region.
The automaker's announcement, which highlights their proactive
approach in securing lithium production for electric vehicle (EV)
manufacturing, aligns with Arbor's mission to be a major
player in the Quebec lithium market.
Arbor fully supports the vision of automakers
like Ford who are dedicated to driving the global electrification
revolution. By proactively securing the essential metal required
for the transition, namely lithium, these automakers are taking a
significant step towards sustainable and environmentally friendly
transportation solutions. The commitment to sourcing lithium from
Quebec further strengthens Arbor's confidence in the immense
potential of the region and the pivotal role it will play in the EV
industry.
Ford's decision to secure lithium production
from Quebec serves as a strong validation of Arbor's strategic
focus and underscores the Company's dedication to being at the
forefront of the lithium market. With its rich lithium deposits,
Quebec has emerged as a key player in the global supply chain, and
Arbor plans to capitalize on this opportunity.
Arbor is actively advancing its lithium projects
in Quebec, including the flagship Jarnet Lithium project. The
Company's experienced team, coupled with its commitment to
responsible and sustainable resource development, could position
Arbor as a part of the lithium supply chain.
“We are excited to see major automakers
recognizing the importance of securing lithium supply for their EV
production. Ford's commitment to Quebec's lithium production
reinforces our belief in the immense potential of this region,”
commented Mark Ferguson, CEO of Arbor. “Arbor Metals is determined
to play a significant role in meeting the growing demand for
lithium and supporting the global electrification efforts.”
Arbor will continue to pursue its exploration
and development activities in Quebec with a strong commitment to
sustainable practices. The Company anticipates to be a key
contributor to the lithium supply chain, helping to meet increased
demand from automakers and driving the transition to a cleaner and
greener future.
Arbor Metals Corp. is a mining
exploration company specializing in the development of high-value,
geographic significant mineral projects around the world. As an
industry leader, it is paving the way for advanced mineral
exploration as it oversees world-class mining projects. Arbor
believes quality projects, combined with proven strategies and a
professional team, will deliver superior results. The company holds
three exceptional mineral projects.
The Jarnet lithium project,
located in the James Bay region of Quebec, comprises 47
map-designated claims, covering an area of approximately 3,759
hectares. The Jarnet project is contiguous to the Corvette-FCI
property, where diamond drilling has confirmed significant lithium
mineralization, and represents one of the highest-profile lithium
exploration projects in the sector.
For further information, contact Mark Ferguson,
Chief Executive Officer, at
info@arbormetals.com, or visit
the Company’s website at www.arbormetalscorp.com.
On behalf of the Board,
Arbor Metals Corp.
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange nor its
Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the
adequacy or accuracy of this release.
This news release may contain certain
“Forward-Looking Statements” within the meaning of the United
States Private Securities Litigation Reform Act of 1995 and
applicable Canadian securities laws. When or if used in this news
release, the words “anticipate”, “believe”, “estimate”, “expect”,
“target”, “plan”, “forecast”, “may”, “schedule” and similar words
or expressions identify forward-looking statements or information.
These forward-looking statements or information may relate to the
development of the Jarnet Lithium Project, the assessment of
samples from that Project, and other factors or information. Such
statements represent the Company’s current views with respect to
future events and are necessarily based upon a number of
assumptions and estimates that, while considered reasonable by the
Company, are inherently subject to significant business, economic,
competitive, political and social risks, contingencies and
uncertainties. Many factors, both known and unknown, could cause
results, performance, or achievements to be materially different
from the results, performance or achievements that are or may be
expressed or implied by such forward-looking statements. The
Company does not intend, and does not assume any obligation, to
update these forward-looking statements or information to reflect
changes in assumptions or changes in circumstances or any other
events affecting such statements and information other than as
required by applicable laws, rules and regulations.
Contact Data
CONTACT:
MRKT360 INC
https://mrkt360.com
Alex Zertuche
alexz@mrkt360.com
For E.S.T Office Hours, Call 1 416-477-0587
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3618b042-01cc-4fdc-9dc6-19987e9bc55d
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