VANCOUVER, British Columbia, Nov. 18, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (“Clear Sky” or the “Company”), a mineral exploration and development company focused on American lithium deposits to support domestic demand, is pleased to announce that it has shipped material to initiate bench scale test work with MDS Technical Corp (“MDS”) for the extraction and process testing of lithium from claystone.
Building on the field sample program announced August 26, titled Clear Sky Lithium Reports 1,023ppm Li Grab Sample, and, as part of the ongoing field work plan, bulk sampling was conducted at key locations on the ELi and Halo properties. These materials have now been prepared and select samples are in transit to MDS for processing via their proprietary and patented process to leach, concentrate, and purify lithium from claystone and, ultimately, to produce battery grade lithium carbonate.
Company CEO, Patrick Morris, observes, “This is a positive step forward in our overarching process development goals. Processing claystone-based lithium has historically proven challenging. While more than 50% of the undeveloped US lithium projects with established resources are clay associatedi, none of them to date have reached commercial production. Clear Sky intends to leverage MDS’s experience and technology to unlock a cost effective and clean lithium extraction process.”
MDS brings over 40 years of developing solutions that have spread across almost every continent. Led by Larry Lien, the company has a proven track record of developing solutions to highly complex challenges. MDS has provided solutions to a number of industries such as wastewater management, oil & gas, mining, and metals processing sectors. With the heightened interest in lithium mining, and specifically the potential for domestic claystone production, MDS has developed key solutions utilizing its patented processes for the extraction and processing of lithium from some of the most challenging host materials, such as claystone.
i Source – S&P database, Q4-2022
On Behalf of The Board of Directors,
Chief Executive Officer
Clear Sky Lithium Corp.
About Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (OTC: CSKYF)
Clear Sky Lithium is an exploration and development company dedicated to the advancement of North American lithium deposits to support domestic demand. The Company holds interests on the Halo and Eli properties in Nevada. The Company is also focusing on the development of claystone extraction and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. Find out more visit www.clearskylithium.com and watch our video.
Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all material and regulatory filings can be found on www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and to sign up to our “news alerts” to be advised of future news releases and related company information. Please also ensure you watch our video which is now available on the website.
Forward Looking Information Disclaimer
This news release contains statements and information that, to the extent that they are not historical fact, may constitute “forward-looking information” within the meaning of applicable securities legislation. Forward-looking information may include financial and other projections, as well as statements regarding future plans, objectives, or economic performance, or the assumption underlying any of the foregoing. In some cases, forward-looking statements can be identified by terms such as “may”, “would”, “could”, “will”, “likely”, “except”, “anticipate”, “believe”, “intend”, “plan”, “forecast”, “project”, “estimate”, “outlook”, or the negative thereof or other similar expressions concerning matters that are not historical facts. Examples of such statements include, but are not limited to, statements with respect to the Company leveraging MDS’s experience and technology to unlock a cost effective and clean lithium extraction process and the commencement of bench scale testing by MDS.
Forward-looking information is based on the assumptions, estimates, analysis, and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. The material factors and assumptions used to develop the forward-looking information contained in this news release include, but are not limited to, key personnel and qualified employees continuing their involvement with the Company; the Company’s ability to secure additional financing on reasonable terms; the competitive conditions of the sector in which the Company operates; and laws and any amendments thereto applicable to the Company.
Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the forward-looking information, including, without limitation, risks relating to the future business plans of the Company; risks that the Company will not be able to retain its key personnel; risks that the Company will not be able to secure financing on reasonable terms or at all, as well as all of the other risks as described in the Company’s final long form prospectus dated May 31, 2022, under the heading “Risks Factors.” Accordingly, readers should not place undue reliance on any such forward-looking information. Further, any forward-looking information speaks only as of the date on which such statement is made. New factors emerge from time to time, and it is not possible for the Company’s management to predict all such factors and to assess in advance the impact of each such factor on the Company’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking information. The Company does not undertake any obligation to update any forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unanticipated events, except as required by law, including securities laws.
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Clear Sky Lithium Corp.
Email: [email protected]
Phone: +1 (778) 383-7240