16:06:43 EDT Wed 08 May 2024
Enter Symbol
or Name
USA
CA



Live Energy Minerals Corp
Symbol LIVE
Shares Issued 18,220,501
Close 2024-03-01 C$ 0.78
Market Cap C$ 14,211,991
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Live Energy stakes two mine properties in New Mexico

2024-03-05 13:29 ET - News Release

Mr. Adrian Smith reports

LIVE ACQUIRES THE MESA TOP AND SECTION 20 URANIUM VANADIUM AND MOLYBDENUM MINE PROJECTS IN THE COLORADO PLATEAU

Live Energy Minerals Corp. has acquired through staking (pending approval from the Bureau of Land Management (BML)) the Mesa Top mine property and the Section 20 mine property located on BLM land within McKinley county, New Mexico, United States. The properties cover Jurassic-age sediments within the Colorado Plateau and are prospective for uranium, vanadium and molybdenum mineralization.

The claims were staked by the company's wholly owned subsidiary, Lithium Valley Holdings Corp., and are pending approval from the BLM. The claims are also subject to a 3-per-cent net smelter return to an arm's length party that assisted in identifying and directing the acquisition, which consist of 48 lode mineral claims totalling 960 acres.

The properties are underlain by sedimentary rocks of the Morrison formation which represent a Jurassic-aged depositional environment within the Grants mineral belt area of the Colorado Plateau. The Colorado Plateau is a geographical area covering large portions of Utah, Colorado, Arizona and New Mexico, it is a region known for its sedimentary-hosted uranium deposits consisting of over 1.2 billion pounds of mined and in situ U3O8 (triuranium octoxide). A subsequent assessment estimated 4.4 billion pounds of U3O8 total endowment in the Jurassic Westwater Canyon member of the Morrison formation, which is the main host in the Grants mineral belt.

Qualified person statement

Adrian Smith, PGeo, is a qualified person as defined in National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and has reviewed and approved the scientific and technical information contained in this news release.

About Live Energy Minerals Corp.

Live is a mining exploration company actively engaged in exploring for and identifying new opportunities in clean energy minerals in North and South America. Live holds applications for a 100-per-cent interest in the uranium, vanadium and molybdenum Messa Top and Section 20 mine projects located in the Colorado Plateau, U.S. Live also holds a 100-per-cent interest in the Skygold project in British Columbia, Canada, and a retained interest in the McDermitt lithium east project, Nevada, U.S. Live is focused on creating value for its shareholders by combining quality project with proven exploration strategies and a team driven to achieve exceptional outcomes.

We seek Safe Harbor.

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