Map of Arbor Metal Corp.’s Jarnet Lithium Claims
VANCOUVER, British Columbia, Aug. 10, 2023 (GLOBE NEWSWIRE) — 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.
On behalf of the Board,
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.
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