(TheNewswire)
Vancouver, BC - TheNewswire- August 9,2023 - Arbor Metals Corp. (“ Arbor ” or the “ Company ”) (TSXV:ABR ) ( FWB:432) is encouraged by Albemarle Corp.'s (NYSE: ALB) recentinvestment of $109 million in the St. James Lithium Camp. As theworld's leading lithium producer, Albemarle's significant commitmentserves as a powerful endorsement of the region's potential to emergeas a key source of lithium for the global Electric Vehicle (EV)Industry.
Albemarle's strategic investment into the St. JamesLithium Camp demonstrates a high level of confidence in the vastlithium resources present in the region. This sizable injection ofcapital affirms the camp's ability to play a significant role infulfilling the ever-increasing demand for lithium, a criticalcomponent in the production of batteries for electric vehicles.
Mark Ferguson, President and CEO of Arbor , commented, "We areencouraged by Albemarle's substantial investment in the St. JamesLithium Camp, which further validates our belief in the camp'spotential. The St. James region is swiftly gaining recognition as aprominent lithium district, and Albemarle's commitment underscores theimportance 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 shareAlbemarle's conviction in the substantial opportunity that this regionpresents. The recent investment only bolsters our determination tounlock the full potential of the project."
About Arbor Metals Corp.
Arbor Metals Corp. is a mining exploration company focused on developinghigh-value, geographically significant mineral projects worldwide. Arbor is paving the way foradvanced mineral exploration as it oversees world-class miningprojects. The Company is confident that combining quality projectswith proven strategies and a dedicated team will yield exceptionaloutcomes.
The Jarnet lithiumproject , located in the James Bay region ofQuebec, comprises 47 map-designated claims, covering an area ofapproximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamonddrilling has confirmed significant lithium mineralization representingone of the highest-profile lithium exploration projects in thesector.
For further information, contact Mark Ferguson, ChiefExecutive Officer, at info@arbormetals.com , or 403.852.4869, or visit the Company’swebsite at www.arbormetalscorp.com .
On behalf of the Board,
Mark Ferguson, Chief Executive Officer
Neither the TSX Venture Exchange norits Regulation Services Provider (as that term is defined in policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.
This news release may containcertain “Forward-Looking Statements” within the meaning of theUnited States Private Securities Litigation Reform Act of 1995 andapplicable Canadian securities laws. When or if used in this news release, the words“anticipate”, “believe”, “estimate”, “expect”,“target, “plan”, “forecast”, “may”, “schedule” andsimilar words or expressions identify forward-looking statements orinformation. These forward-looking statements or information mayrelate to the development of the Jarnet Lithium Project, and otherfactors or information. Such statements represent the Company’scurrent views with respect to future events and are necessarily basedupon a number of assumptions and estimates that, while consideredreasonable by the Company, are inherently subject to significantbusiness, economic, competitive, political and social risks,contingencies and uncertainties. Many factors, both known and unknown,could cause results, performance, or achievements to be materiallydifferent from the results, performance or achievements that are ormay be expressed or implied by such forward-looking statements. TheCompany does not intend, and does not assume any obligation, to updatethese forward-looking statements or information to reflect changes inassumptions or changes in circumstances or any other events affectingsuch statements and information other than as required by applicablelaws, rules and regulations.
Copyright (c) 2023 TheNewswire - All rights reserved.