Lithium minerals of commercial interest, such as spodumene, montebrasite, amblygonite, and lepidolite, have been mined by small-scale artisanal miners within the geographic boundaries of our exploration licenses for several years. We aim to capitalize on this existing activity by pursuing systematic exploration on our tenements, initially focusing on the Kwara-Oyo project.

As we continue to explore and develop our resources, we remain committed to increasing our cash flow by initiating small-scale mining and expanding our trading activities in cooperation with artisanal miners. Through these efforts, Continental Lithium aims to unlock the vast potential of Nigeria’s lithium resources and contribute to a more sustainable and connected world.

Preliminary mapping and rock sampling were carried out in August 2022 by AGVision, an Australian firm, targeting pegmatites and lithium mineralization in Kwara and Oyo States. Four spot samples of pegmatite with spodumene were collected from artisanal mining pits and analyzed by MSALABS in Vancouver, Canada, using ICP-MS and ICP-AES.

In January 2023, Aurifer completed a report which concluded that the Kwara-Oyo project holds significant promise for lithium exploration. Building upon these findings, we have designed a three-year systematic phased exploration program aimed at defining one or more JORC compliant resources and preparing a Preliminary Economic Assessment. Ultimately, our objective is to advance the defined resources to production.

The potential partnerships are part of the Company’s long-term strategy to establish itself as a reliable and sustainable supplier of lithium (spodumene) and other solid mineral ores to US customers. The focus is to secure offtake agreements with potential customers seeking to secure a steady supply of quality product at competitive pricing. The Company is also open to exploring JV opportunities to maximize the extraction, processing, and sale of minerals from its project sites.

W. Pierce Carson, PhD, CEO of Continental Lithium, stated, “We are very excited about this opportunity to partner with potential customers and expand our presence in the US. We are confident in our ability to provide a reliable supply of high-grade lithium (spodumene) to meet rapidly rising demand and look forward to establishing relationships with new partners. The foundation we are building in the US market will be an important step toward accelerating Continental Lithium’s long-term growth.”

Lanre Afebuameh, President and Executive Vice Chairman of Continental Lithium, added, “Continental Lithium is uniquely positioned to fill the gap in US lithium (spodumene) supply and provide a secure, high-quality source of minerals for our partners. Our strong focus on quality assurance and reliability will ensure we deliver on our promises to customers. We look forward to continuing these discussions with potential partners and cementing relationships that will benefit all involved.”

About Continental Lithium

Founded in 2017, the Company commenced small-scale mining in collaboration with artisanal miners in 2018. Over the last five years, the underlying assets acquired by Continental Lithium have produced approximately 15,000 metric tons of lithium concentrate. The Company has plans to develop its lithium and rare earth mineral assets and substantially increase its production for export to the U.S., Europe and Asia. Continental Lithium currently owns 100% interest in 26 minerals licenses covering 152,000 acres which wereacquired from the Nigerian Mining Cadastre Office. 15 of the 26 licenses cover 113,000 acres for lithium and other pegmatite-hosted mineralization of tantalum, niobium, tin, rare earths and gemstones. Learn more at https://continentalcriticalminerals.com/.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Investor Contact:

RedChip Companies Inc.
Dave Gentry
1-800-RED-CHIP (733-2447)
or 407-491-4498
dave@redchip.com

SOURCE: Continental Lithium Limited

A senior executive with an international mining career spanning over 40 years, Dr. Carson has held the positions of Senior Geologist, Overseas Mineral Evaluation, and Exploration Manager, Australia for Exxon Minerals Company; Manager of Precious Metals Exploration, North America for Kennecott Copper Corporation; President and Director of Mining & Exploration Operations in Australia, Papua New Guinea, USA, Canada, and Mexico for Nord Pacific Ltd.; President and Vice-President of Exploration for Nord Resources Corporation; Chief Executive Officer for Santa Fe Gold Corporation; and Chief Executive Officer for Magellan Gold Corporation.

Dr. Carson has managed the discovery, financing, development and operation of precious metals, base metals and industrial minerals properties in the U.S., Australia, Africa, and Papua New Guinea. He has been responsible for or closely involved with the development of numerous mineral deposits into active mines, including the Kurara Gold Mine, Western Australia; Emu South Gold Mine, Western Australia; Girilambone Copper Mine, NSW, Australia; Tritton Copper Mine, NSW, Australia; Simberi Gold Mine, Papua New Guinea; Ramu Nickel Mine, Papua New Guinea; Sierra Rutile Titanium Dioxide Mine, Sierra Leone, West Africa; Johnson Camp Copper Mine, Arizona; and Summit Silver-Gold Mine, New Mexico. Dr. Carson holds a PhD in Economic and Structural Geology and an MS in Ore Deposits from Stanford University, and a bachelor’s degree in Geology from Princeton University.

Lanre Afebuameh, Founder and former CEO of Continental Lithium, commented, “We are delighted to welcome a CEO of Dr. Carson’s caliber to Continental Lithium, and we look forward to the wealth of experience, knowledge, and expertise that he brings. His global leadership and track record in exploration, development, and operation of mining projects will prove invaluable as we move towards achieving our goal of becoming one of the leading lithium producers globally.”

Dr. Carson added, “I am excited to join the Continental Lithium team and take on the role of CEO during this pivotal growth phase for the company. I look forward to helping build on Lanre’s original vision and working together to develop a world-class team that is focused on delivering results.”

Afebuameh has assumed the roles of President and Executive Vice Chairman of Continental Lithium, where he will work with Dr. Carson to further Continental’s growth and goal of becoming a leading global mining company.

About Continental Lithium

Founded in 2017, the Company commenced small-scale mining in collaboration with artisanal miners in 2018. Over the last five years, the underlying assets acquired by Continental Lithium have produced approximately 15,000 metric tons of lithium concentrate. The Company has plans to develop its lithium and rare earth mineral assets and substantially increase its production for export to the U.S., Europe and Asia. Continental Lithium currently owns 100% interest in 26 minerals licenses covering 61,500 hectares which wereacquired from the Nigerian Mining Cadastre Office. 15 of the 26 licenses cover 45,900 hectares for lithium and other pegmatite-hosted mineralization of tin, tantalum, niobium and gemstones. In addition, the Company’s licenses are prospective for columbite, zircon sand, monazite, tantalite and other rare earth metals. Learn more at https://continentalcriticalminerals.com/.

Special Note Regarding Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Investor Contact:

RedChip Companies Inc.
Dave Gentry
1-800-RED-CHIP (733-2447)
or 407-491-4498
dave@redchip.com

SOURCE: Continental Lithium Limited

Further steps between the parties include jointly building and operating a lithium refining facility locally in Nigeria

LAGOS, NIGERIA / ACCESSWIRE / February 9, 2023 / Continental Lithium, the first emerging lithium mining and trading company out of Nigeria focused on the exploration, mining, trading and exporting of solid minerals ores, including lithium spodumene, tin, columbite, zircon sand (brown), monazite and tantalite to Europe and Asia, entered into a memorandum of understanding (“MOU”) with ReElement Technologies LLC (“ReElement”), a wholly owned subsidiary of American Resources Corporation (AREC), to begin trial shipments of lithium spodumene ore to ReElement Technologies’ Noblesville, Indiana facility to refine into high-purity (99.9%+) lithium carbonate or lithium hydroxide using ReElement’spatented and revolutionary multi-mode chromatography technology. Post initial material testing, the parties intend to work towards jointly developing a ReElement lithium refinement facility in Nigeria to locally process and purify lithium spodumene.

Lanre Afebuameh, Founder and Chief Executive Officer of Continental Lithium, commented, “This is a monumental event for our company as well as Nigeria. Over the last five years, the underlying assets acquired by Continental Lithium produced approximately 15,000 metric tons of lithium concentrate from surface artisanal mining. We are currently one of the largest exporters of lithium in Nigeria. Now, as we partner with American Resources and ReElement Technologies, we will have the opportunity to begin exporting to the U.S. and Europe and potentially partner in building the first lithium refining facility in Nigeria. Fifteen of our 26 exploration licenses cover lithium, which potentially makes us one of the largest holders of lithium assets in Sub-Saharan Africa. We believe that utilizing ReElement’s lithium refinement technology will enable us to produce ultra-pure lithium products. This technology will also potentially ensure we can create good jobs for our community and create value for the local region in which we operate.”

Mark Jensen, CEO of American Resources Corporation commented, “We are pleased to announce our partnership with the Continental Lithium team to unlock the value of our technology for the benefit of our shareholders and the local communities in Nigeria where Continental Lithium operates, while also supplying high-purity lithium products to the U.S. market. Due to the lack of flexibility of existing processing technologies, the world today is forced to transport lithium spodumene in its raw form, which is very expensive and inefficient. The value of our technology, given in part to its low capex, modular scalability, and low environmental footprint, is the ability to locally build and process material in a manner that is safe for the environment and population. Africa is a very resource-rich community, but very few of these resources, especially critical minerals and metals processed to the high-grade purity needed in battery and magnet production, are actually processed locally, resulting in the loss of high value jobs that could otherwise be kept within Africa. Our process is unique in that we can produce greater than 99.9% pure lithium carbonate or hydroxide near the mine site and ship to customers either locally or in the United States.”

The initial trials will consist of 28 metric ton increments of 5% to 8% grade lithium spodumene concentrate that is produced at Continental Lithium’s Nigerian mines and shipped to Noblesville, Indiana to be processed through ReElement’s facility to a 99.9% or greater, ultra-high pure lithium carbonate. ReElement will sell the purified lithium carbonate or lithium hydroxide into the domestic battery manufacturing marketplace. The MOU outlines this supply of spodumene as well as the steps of jointly building and operating a ReElement Technologies lithium refining facility in Africa that is centrally located around Continental Lithium’s spodumene mines, which will result in reduced transportation costs, creation of high-quality jobs, and reduction in the environmental footprint of the lithium production life cycle. The lithium refined at the facility will be solid either locally or into the United States domestic battery industry.

About Continental Lithium

Founded in 2017, the Company commenced small-scale mining in collaboration with artisanal miners in 2018. Over the last five years, the underlying assets acquired by Continental Lithium have produced approximately 15,000 metric tons of lithium concentrate. The Company has plans to develop its lithium and rare earth mineral assets and substantially increase its production for export to the U.S., Europe and Asia. Continental Lithium currently owns 100% interest in 26 minerals exploration licenses covering 61,500 hectares which wereacquired from the Nigerian Mining Cadastre Office (“MCO”). 15 of the 26 exploration licenses cover 45,900 hectares for lithium and other pegmatite-hosted mineralization of tin, tantalum, niobium and gemstones. In addition, the Company’s exploration licenses are prospective for columbite, zircon sand, monazite, tantalite and other rare earth metals. Learn more at https://continentalcriticalminerals.com/.

About ReElement Technologies LLC

ReElement Technologies LLC is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts to create a low-cost and environmentally safe, circular supply chain. ReElement Technologies has developed its innovative and scalable “Capture-Process-Purify” process chain in conjunction with its licensed intellectual property including 16 patents and technologies and sponsored research partnerships with three leading universities to support the domestic supply chain’s growing demand for magnet and battery metals. For more information visit reelementtech.com or connect with the Company on Facebook, Twitter, and LinkedIn.

About American Resources Corporation

American Resources Corporation (AREC) is a next-generation, environmentally and socially responsible supplier of high-quality raw materials to the new infrastructure market. The Company is focused on the extraction and processing of metallurgical carbon, an essential ingredient used in steelmaking, critical and rare earth minerals for the electrification market, and reprocessed metal to be recycled. Through its wholly owned subsidiary, ReElement Technologies, American Resources is redefining how critical and rare earth elements are both sourced and processed while focusing on the recycling of end-of-life products such as rare earth permanent magnets and lithium-ion batteries, as well as coal-based waste streams and byproducts. American Resources has a growing portfolio of operations located in the Central Appalachian basin of eastern Kentucky and southern West Virginia where premium quality metallurgical carbon and rare earth mineral deposits are concentrated.

American Resources has established a nimble, low-cost business model centered on growth, which provides a significant opportunity to scale its portfolio of assets to meet the growing global infrastructure and electrification markets while also continuing to acquire operations and significantly reduce their legacy industry risks. Its streamlined and efficient operations are able to maximize margins while reducing costs. For more information visit americanresourcescorp.com or connect with the Company on Facebook, Twitter, and LinkedIn.

Special Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other important factors that could cause the Company’s actual results, performance, or achievements or industry results to differ materially from any future results, performance, or achievements expressed or implied by these forward-looking statements. These statements are subject to a number of risks and uncertainties, many of which are beyond American Resources Corporation’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”, “anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking statements included in this press release are made only as of the date of this release. The Company does not undertake any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances. The Company cannot assure you that the projected results or events will be achieved.

Investor Contact:

RedChip Companies Inc.
Dave Gentry
1-800-RED-CHIP (733-2447)
or 407-491-4498
dave@redchip.com

SOURCE: Continental Lithium Limited

“Our name change to Continental Lithium marks the beginning of the next chapter in our ongoing evolution as we prepare to enter a period of what we believe will be accelerated growth,” commented Lanre Afebuameh, Founder and Chief Executive Officer of Continental Lithium. “Our vision is to become the largest holder of lithium spodumene and other non-ferrous assets in Sub-Saharan Africa.”

About Continental Lithium

Founded in 2017, the Company commenced small-scale mining in collaboration with artisanal miners in 2018. Over the last five years, the underlying assets acquired by Continental Lithium have produced approximately 15,000 metric tons of lithium concentrate. The Company has plans to develop its lithium and rare earth mineral assets and substantially increase its production for export to the U.S., Europe and Asia. Continental Lithium currently owns 100% interest in 26 minerals exploration licenses covering 61,500 hectares which wereacquired from the Nigerian Mining Cadastre Office (“MCO”). 15 of the 26 exploration licenses cover 45,900 hectares for lithium and other pegmatite-hosted mineralization of tin, tantalum, niobium and gemstones. In addition, the Company’s exploration licenses are prospective for columbite, zircon sand, monazite, tantalite and other rare earth metals. Learn more at https://continentalcriticalminerals.com/.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” for the purpose of providing information about management’s current expectations and plans relating to the future. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Continental Lithium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact:

Dave Gentry, CEO
RedChip Companies, Inc.
1-800-Red-Chip (733-2441)
dave@redchip.com

SOURCE: RedChip Companies, Inc.

The European Organization for Nuclear Research (CERN) uses high-quality Tantalum and Niobium, products of Columbite, as additives for improving the corrosion resistance of its alloy steel as well as improve the super conductivity of its materials used in the analysis of protons and neutrons!!

As miners and exporters of high-grade Columbite, Emirate Lithium attended the TIC conference with the body that governs the supply and production of Columbite globally. The TIC includes industries involved in the value chain as well as miners, exporters, smelters, manufacturies and scientists involved in the innovations used across this chain.

Our attendance was in line with our efforts to become the largest exporters of solid mineral ores in Subsaharan Africa. We intend to do so in line with global standards for mineral exploration, shipping and exportation; hence, we have embarked on strategic partnerships with renowned mining organisations, professionals and institutions globally.

See more photos from the TIC General Assembly conference:

An experienced public company executive and investment manager, Epstein has served as Chairman and Chief Executive Officer for a variety of companies in the global energy, renewable, and pharmaceutical industries. Epstein, who began his career as an M&A and securities lawyer, has founded, financed, operated, and monetized private and public companies since the 1990s.

Early in his career, Epstein initiated the 1992 pre-IPO restructuring of Chesapeake Energy Corporation through a financial investment and creation of natural gas joint venture drilling projects; this culminated in Chesapeake becoming an early leader in the development of horizontal drilling technology in the US. To date, Chesapeake remains one of the largest natural gas producers in North America.

Epstein brings years of senior leadership experience to Emirate, having held key roles at Petroreconcavo S.A., Warren Resources, Inc., Superior Renewable Energy LLC, Belco Oil & Gas Corp., Heritage Pharmaceuticals, Inc., and other leading organizations. Since 2015, Epstein has served as Chairman and CEO of ERI Group LLC, a private investment and operating company based in New York City providing investment capital and financial solutions across multi-asset classes.

“I am excited and honored to join Emirate Lithium at this pivotal moment as we capitalize on a rapidly evolving industry. The Emirate team is executing a clear strategy to become an integral part of the global electric vehicle and renewable energy ecosystems,” commented Epstein. “I look forward to adding value to this highly motivated team as we position Emirate Lithium to become a major player in the global lithium space.”

Lanre Afebuameh, CEO and Director of Emirate, added, “Our board, including Ronald Onosode, Israel Ovirih, Panna Sharma, and Jacob Adeyemo, as well as our entire management team, join together in welcoming Phil to Emirate Lithium. His wealth of experience should prove invaluable as we navigate the Company’s transformation into full-scale commercial operations.”

About Emirate Lithium

Emirate Lithium was incorporated in 2017 and commenced operations in 2018 as a mining, minerals, processing, and export company. The Company commenced open pit mining (surface mining) operations working with artisanal and small-scale operators in 2020 to establish lithium ore-grade quantities and build customer demand. Emirate Lithium currently has 27 minerals exploration licenses acquired from the Nigerian Mining Cadastre Office (“MCO”). Nine of the 27 licenses are for lithium, making the Company a major holder of lithium assets in Sub-Sahara Africa, with Emirate Lithium poised to become one of the largest holders of lithium assets in the continent. In addition, six of the Company’s 27 licenses contain rare earth metals.

Cautionary Note Regarding Forward-Looking Statements

This news release includes certain “forward-looking statements” for the purpose of providing information about management’s current expectations and plans relating to the future. Forward-looking statements are based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: general business, economic, competitive, political and social uncertainties. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Emirate Lithium disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Contact

Dave Gentry, CEO
RedChip Companies, Inc.
1-800-Red-Chip (733-2441)
emirate@redchip.com