Metal Energy Corp. (TSXV: MERG) (OTCQB: MEEEF) has announced receiving a significant $200,000 grant from the Ontario Junior Exploration Program (OJEP) to expedite exploration activities at the SourceRock lithium brine project.
Lithium Brine Exploration Advances with OJEP Funding
The non-dilutive grant from OJEP catapults Metal Energy towards a new phase of exploration at Ontario’s pioneering SourceRock lithium brine project. CEO James Sykes expressed excitement over the prospect of starting the fully funded and permitted drilling program, foreseeing SourceRock’s role in Ontario’s critical minerals strategy.
Government Support for Ontario’s Mining Sector
George Pirie, Minister of Mines, emphasized the government’s aid for mining explorations like the SourceRock project, deeming it integral for cultivating a self-reliant supply chain for electric vehicles within Ontario.
Upcoming Drilling Program at SourceRock
With 20 drill pads licensed by the Ontario Ministry of Mines, the exploration team is poised to test the historic saline brine targets for lithium and other elements. The collaboration with local communities and Indigenous groups remains strong as the project nears its commencement.
About SourceRock Lithium Brine Project
Spanning a staggering 913 square kilometers in the Thunder Bay-Nipigon region, SourceRock stands among the most promising areas for lithium brine extraction in Ontario, rivaling the vast lithium belts of Chile.
Metal Energy Corp. at a Glance
Dedicated to battery metal exploration, Metal Energy boasts projects in Manitoba and Ontario, focusing on essential elements like nickel, copper, cobalt, platinum group metals, lithium, sodium, and potassium.
For inquiries, contact James Sykes, CEO of Metal Energy, at email@example.com or 306-221-8717.
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.
The image is randomly selected and doesn’t necessarily represent the company or the news below.