04:02:33 EDT Wed 15 May 2024
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Arbor Metals Corp
Symbol ABR
Shares Issued 59,970,075
Close 2023-05-23 C$ 3.04
Market Cap C$ 182,309,028
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Arbor sees Ford sign Li supply deal with Que. neighbour

2023-05-24 08:03 ET - News Release

Mr. Mark Ferguson reports

FORD MOTOR CO. COMMITMENT TO SECURE LITHIUM FROM QUEBEC IS ENDORSEMENT OF ARBOR METALS' VISION

The recent commitment made by Ford Motor company to secure lithium from Quebec has been seen as a resounding endorsement of Arbor Metals Corp.'s vision for the lithium market in the region. The automaker's announcement, which highlights its pro-active approach in securing lithium production for electric-vehicle 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 that are dedicated to driving the global electrification revolution. By pro-actively securing the essential metal required for the transition, namely lithium, these automakers are taking a significant step toward 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, chief executive officer 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.

About Arbor Metals Corp.

Arbor Metals is a mining exploration company specializing in the development of high-value, geographically significant mineral projects around the world. As an industry leader, Arbor Metals is paving the way for advanced mineral exploration, as it oversees world-class mining projects. The company believes quality projects, combined with proven strategies and a professional team, will deliver superior results. Arbor Metals 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 with 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.

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