Lancaster Resources Announces Financing
01/23/24, 4:09 PM
Location
Money raised
$200,000
Industry
mining
Round Type
pre-seed
Lancaster Resources Inc. is pleased to announce a non-brokered private placement for aggregate gross proceeds of up to $200,000.
Company Info
Location
vancouver, british columbia, canada
Additional Info
Lancaster Resources is a lithium exploration company that is forging a path towards sustainable and responsible lithium production for the growing lithium-ion battery market. With a highly experienced team and a flagship high-potential lithium project in New Mexico, we are well positioned to become a significant player in the global lithium industry. We have the rights to acquire a 100% interest in the Alkali Flat lithium brine project in southwestern New Mexico, USA. The 233 claim Alkali Flat property has competitor claims immediately north and regional geophysical and geochemical data providing a strong foundation for our exploration programs. Sediment surveys and studies, including the National Uranium Reconnaissance program (NURE) and recent soil sampling, have led us to characterize Alkali Flat as a distinct lithium brine target area with samples containing high level of lithium such as 124ppm Li in sediment samples and 4896 ppb Li in water samples. Join our LinkedIn page to stay updated on our latest news and developments and to connect with our team of experts in lithium exploration and production.