15:29:22 EDT Sat 04 May 2024
Enter Symbol
or Name
USA
CA



Rover Metals Corp (2)
Symbol ROVR
Shares Issued 42,429,712
Close 2023-05-02 C$ 0.07
Market Cap C$ 2,970,080
Recent Sedar Documents

Rover pleased Chile to nationalize lithium mining

2023-05-02 17:17 ET - News Release

Mr. Judson Culter reports

ROVER METALS' CEO DISCUSSES GLOBAL LITHIUM GEOPOLITICAL NEWS AND THE APPOINTMENT OF NEW CONSULTANTS

Rover Metals Corp. has provided global geopolitical news on the lithium mining industry and has appointed new consultants.

Geopolitical news

On April 21, 2023, Chile's President, Gabriel Boric, announced plans to nationalize Chile's lithium mining industry. Chile is the world's second-largest producer of lithium and the country with the largest lithium reserves. Albemarle, a lithium miner, is one of the largest stakeholders in Chilean lithium production. Albemarle is also the owner of the Silver Peak lithium brine mine in southwest Nevada. Rover's Let's Go lithium project is also located in the prolific southwest Nevada lithium jurisdiction, approximately 240 kilometres (150 miles) from the Silver Peak lithium mine.

Judson Culter, chief executive officer at Rover, stated: "Albemarle may start looking in their backyard in Nevada for future expansion opportunities. We certainly hope that they do. The news out of Chile in late April re-emphasizes the importance of developing lithium projects closer to [electric vehicle] manufacturing centres, in jurisdictions like Nevada. The ultimate goal here is to support the EV industry by bringing consistent raw material lithium supply to market. Lithium demand is forecasted to continually grow through to 2040."

Appointment of Hybrid Financial

Hybrid Financial has been engaged by the company for a 12-month period, commencing on May 1, 2023. Hybrid has been engaged to heighten market and brand awareness for Rover and to broaden the company's reach within the investment community. Hybrid is a sales and distribution company that actively connects issuers to the investment community across North America. Using a data-driven approach, Hybrid provides its clients with comprehensive coverage of both American and Canadian markets. Hybrid has offices in Toronto and Montreal.

Consultant appointment and stock option grant

The company has hired a consultant, based in Zurich, Switzerland, to provide business development consulting services in the key markets of London, England, Paris, France and Zurich, Switzerland. Pursuant to the consulting agreement, a stock option grant of 250,000 stock options with an exercise price of 12 cents under the standard terms of the company's stock option plan (four-year life) has been awarded.

About Rover Metals Corp.

Rover is a publicly traded junior mining company that trades on the TSX Venture Exchange under the symbol ROVR, on the OTCQB under the symbol ROVMF and on the Frankfurt Stock Exchange under the symbol 4XO. Rover is currently focused on the development of a claystone lithium project in southwest Nevada, United States. Plans for 2023 include a reverse circulation drill program at the Let's Go Lithium project.

The company has a diverse portfolio of mining resource development projects with varying exploration timelines. Its critical mineral projects include lithium, zinc and copper. Its precious metal projects include gold and silver. The company is exclusive to the mining jurisdictions of Canada and the United States.

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