Mr. Allan Frame reports
BEYOND LITHIUM TO ACQUIRE RARE ONE PROJECT IN SOUTHEASTERN BRITISH COLUMBIA TO EXPAND CRITICAL MINERALS PORTFOLIO
Beyond Lithium Inc. has entered into definitive agreements with certain arm's-length vendors to acquire a 100-per-cent undivided interest in six mineral claims located in southeastern British Columbia known as the Rare One project. The Rare One project covers a total area of 4,688 hectares and is located within the highly prospective Rocky Mountain rare earth belt hosted in the Alkaline province in British Columbia. The Alkaline province stretches over 1,000 kilometres in distance along the western flank of the ancestral North America, which has many projects hosting rare earth elements and base metal mineralization (Rukhlov, 2024).
Beyond will acquire the Rare One project on closing, free and clear of any royalties, liens or other encumbrances, in exchange for payment of the mineral claims' staking cost and the issuance of 450,000 common shares in the capital of the company. The Rare One project is located 32 km east of the town of Invermere in the eastern Kootenay region of southeastern British Columbia. It is approximately 2.5 hours drive through highway and logging roads from the city of Cranbrook to the project area.
From 2005 to 2017, various exploration programs were conducted at the property with exploration expenditures totalling nearly $1-million. These programs included soil grid sampling, prospecting, geological mapping and access road construction (Gifford, 2013). In a 2007 stream sampling program, a phosphate mineral called monazite, which is rich in light REEs, was identified and sampled at the property. Monazite can be a useful indicator for locating prospective targets for REE mineralization (Gifford, 2007). In addition, Gifford's reports outlined highly anomalous lead-zinc targets from soil grid sampling and gravity surveys for exploring Mississippi Valley-type lead-zinc mineralization. The company is currently compiling all the available data, and a 2025 exploration plan will be updated once the compilation is completed.
Allan Frame, president and chief executive officer of Beyond, stated: "We are excited to expand our minerals exploration portfolio with the acquisition of the Rare One project in British Columbia. This allows Beyond to continue to expand the lithium footprint at the Ear Falls project in Ontario and to explore for rare earth elements and base metals at Rare One project in British Columbia. We anticipate finalizing the compilation of the Rare One project data in the upcoming weeks and will soon provide a comprehensive overview of the 2025 exploration program. In the meantime, we continue to look for quality projects to enhance Beyond's critical minerals exploration portfolio in Canada."
Ear Falls spodumene project
Following the 2024 field season, the company evaluated all lithium properties in Ontario and decided to proceed with the Ear Falls spodumene project option while discontinuing the option for other projects in Ontario.
The Ear Falls spodumene project (20,623 hectares) is located near the town of Ear Falls (population 1,100) that is fewer than 10 minutes drive away from the southern property boundary. The Ear Falls project has excellent infrastructure, including highways, logging road access throughout most of the project area, power line, local labour force and equipment facility.
The Ear Falls spodumene project was first prospected in the season of 2023 with the discovery of spodumene mineralization up to 4.54 per cent lithium oxide from grab samples of spodumene-bearing pegmatites. The fieldwork in 2023 and 2024 has outlined a 13-kilometre-long structural corridor by rock geochemistry and geological mapping. Furthermore, the results of the 2024 biogeochemical survey indicated that this survey method is a practical tool for identifying covered lithium mineralization in the project area. Additionally, the Ear Falls spodumene project has received permitting from the Ministry of Mines of Ontario for diamond drilling, stripping and geophysical surveys to further explore spodumene-bearing pegmatites and lithium mineralization.
Qualified person and third party data
The scientific and technical information in this news release has been reviewed and approved by Lawrence Tsang, PGeo, vice-president, exploration, of the company. Mr. Tsang is a qualified person as defined in National Instrument 43-101 (Standards of Disclosure for Mineral Projects). The potential grades of exploration targets disclosed in this news release are conceptual in nature. There has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.
About Beyond Lithium Inc.
Beyond Lithium is a critical mineral exploration company with a lithium exploration portfolio in Ontario and a rare earth element and base metal project in British Columbia. Beyond Lithium is advancing the projects with its exploration team and will seek to option other properties to joint venture partners. Partnering on various projects will provide a source of non-dilutive working capital, partner-financed exploration and long-term residual exposure to exploration success.
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