Lancaster’s Alkali Flat Undertaking Replace: Profitable Web site Go to Indicators Inexperienced Progress


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VANCOUVER, British Columbia, Nov. 16, 2023 (GLOBE NEWSWIRE) — Lancaster Assets Inc. (CSE:LCR | OTCQB:LANRF | FRA:6UF0) (‘Lancaster’) is happy to announce the profitable completion of a pivotal regulatory website go to at its Alkali Flat Lithium Brine Undertaking in New Mexico. The positioning go to, performed on November 14, included key employees from the Bureau of Land Administration (‘BLM’) and the Vitality, Minerals and Pure Assets Division (‘EMNRD’).

In the course of the go to, the Lancaster workforce, alongside representatives from BLM and EMNRD, performed an intensive walk-through of the proposed drilling places and geophysical program. This complete assessment targeted on a number of essential points, similar to entry routes, website circumstances, and native vegetation. The go to offered a beneficial alternative for open discussions relating to the deliberate drilling actions, entry necessities, and the total declare space geophysical work on the website.

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A core focus of the discussions was the dedication of Lancaster Assets to reduce the environmental affect of its maiden drilling program and the next full declare space geophysical Magnetotelluric (‘MT’) program. The Firm is devoted to a robust collaborative effort with regulatory businesses to make sure minimal affect from the usage of ATVs, vans, drilling rigs, and MT sensors.

Lancaster Assets is actively working with BLM and EMNRD to ascertain correct and fit-for-purpose reclamation necessities. The corporate is totally conscious of the necessity for expediency in its operations and the need to depart no lasting affect on the atmosphere whereas working in the direction of acquiring the required approvals.

Continued engagement with BLM, EMNRD, and all stakeholders is a precedence for Lancaster Assets. The Firm is dedicated to working transparently and diligently with each businesses to reply all queries in help of its software processes.

This profitable website go to marks a major milestone within the improvement of the Alkali Flat Lithium Brine Undertaking. Lancaster Assets stays devoted to advancing its challenge responsibly, with a steadfast deal with environmental stewardship and neighborhood collaboration.

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About Lancaster Assets Inc.

Lancaster Assets (CSE:LCR | OTCQB:LANRF | FRA:6UF0) is engaged in exploring battery and significant metals to benefit from the worldwide shift in the direction of decarbonization and electrification. Lancaster has rights to amass 100% of the Alkali Flat Lithium Undertaking, close to Lordsburg, New Mexico, USA, a set of claims roughly 5,200 acres (8.1 sq. miles) in measurement that Lancaster is exploring for concentrated sub-surface lithium brine deposits. Lancaster’s imaginative and prescient is to provide Web Zero Lithium utilizing direct lithium extraction expertise powered by photo voltaic or geothermal power.

Lancaster additionally holds the rights to a 100% curiosity within the Trans-Taiga Lithium Property situated inside the James Bay lithium district of Quebec and mendacity on the identical geological development as vital lithium discoveries, together with Patriot Metals’ Corvette Property. Lancaster plans to conduct exploration actions with a holistic view of stakeholder pursuits. Guiding Lancaster Assets’ journey is a talented administration and technical workforce with collective involvement in over 15 business mineral discoveries and endowed with in depth expertise within the creation of lithium brine targets and the exploration and improvement of Lithium tasks throughout Canada, the American West, Mexico, and South America.

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Penny White, President & Chief Government Officer
Lancaster Assets Inc.
E mail: penny@lancasterlithium.com
Tel: 604 923 6100
Web site: www.lancaster-resources.com

Cautionary Assertion Concerning Ahead-Trying Statements

Sure statements contained on this press launch represent forward-looking info. These statements relate to future occasions or Lancaster’s future efficiency. Using any of the phrases “might,” “anticipate,” “consider,” “will,” “projected,” “estimated,” and related expressions and statements regarding issues that aren’t historic information are meant to establish forward-looking info and are primarily based on Lancaster’s present perception or assumptions as to the end result and timing of such future occasions. Precise future outcomes might differ materially. Specifically, the power of Lancaster to execute its exploration plans, get hold of exploration and drilling permits, retain key personnel, establish, purchase, discover, and develop high-quality mineral-rich properties, and combine sustainable power sources and revolutionary applied sciences for climate-positive useful resource manufacturing represent forward-looking info. Precise outcomes and developments might differ materially from these contemplated by forward-looking info.

Readers are cautioned to not place undue reliance on forward-looking info. The statements made on this press launch are made as of the date hereof. Lancaster disclaims any intention or obligation to publicly replace or revise any forward-looking info, whether or not on account of new info, future occasions, or in any other case, besides as could also be expressly required by relevant securities legal guidelines.

The Canadian Securities Trade has not reviewed, accredited or disapproved the contents of this information launch.


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