Arbor Metals Encouraged by Albemarle’s Investment in St. James Lithium Camp
10 August 2023 - 4:00PM
Arbor Metals Corp. (“
Arbor” or the
“
Company”) (TSXV: ABR, FWB: 432) is encouraged by
Albemarle Corp.'s (NYSE: ALB) recent investment of $109 million in
the St. James Lithium Camp. As the world's leading lithium
producer, Albemarle's significant commitment serves as a powerful
endorsement of the region's potential to emerge as a key source of
lithium for the global Electric Vehicle (EV) Industry.
Albemarle's strategic investment into the St.
James Lithium Camp demonstrates a high level of confidence in the
vast lithium resources present in the region. This sizable
injection of capital affirms the camp's ability to play a
significant role in fulfilling the ever-increasing demand for
lithium, a critical component in the production of batteries for
electric vehicles.
Mark Ferguson, President and CEO of Arbor,
commented, "We are encouraged by Albemarle's substantial investment
in the St. James Lithium Camp, which further validates our belief
in the camp's potential. The St. James region is swiftly gaining
recognition as a prominent lithium district, and Albemarle's
commitment underscores the importance of the lithium resources in
the area."
Ferguson further added, "Arbor's Jarnet Lithium
project is situated within the St. James Lithium Camp, and we share
Albemarle's conviction in the substantial opportunity that this
region presents. The recent investment only bolsters our
determination to unlock the full potential of the project."
About Arbor Metals Corp.
Arbor Metals Corp. is a mining
exploration company focused on developing high-value,
geographically significant mineral projects worldwide. Arbor is
paving the way for advanced mineral exploration as it oversees
world-class mining projects. The Company is confident that
combining quality projects with proven strategies and a dedicated
team will yield exceptional outcomes.
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 representing 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
403.852.4869, 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, 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.
MRKT360 INChttps://mrkt360.comAlex
Zertuchealexz@mrkt360.comFor E.S.T Office Hours, Call 1
416-477-0587
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/1ac9c34f-6084-4782-a8ec-1c2f30b35a1a
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