September 13, 2023 – Vancouver, British Columbia. Blanton Resources Corp. (“Blanton”) (CSE: BLNT) announces that its has signed an option agreement to acquire up to 100% of American Brines Lithium Inc. (“American Brines”) which owns American Brines LLC, it’s wholly owned US subsidiary that holds the Black Rock South Lithium Brine Project (“Blackrock South”) located in Washoe County, Nevada.
The Blackrock South Lithium Project is located at the southwest end of Black Rock Desert playa where a dogleg connects it with the parallel Smoke Creek Desert playa near the town of Gerlach. The Black Rock Desert region is very active in mineral and geothermal development and production. The claims cover a conceptual target for lithium brine which is very similar to the published geology of the Clayton Valley lithium brine production area approximately 200 miles to the Southeast.
The Transaction
Blanton has entered into an agreement with American Brines Lithium Inc. along with its 100% owned US subsidiary American Brines, LLC to acquire up to a 100% interest in the company by issuing shares as follows.
Upon signing issuing to the shareholders of American Brines 3,495,005 shares of Blanton Resources Corp.
Upon the first anniversary of the agreement issuing to the shareholders of American Brines 3,495,005 shares of Blanton Resources Corp.
Upon the second anniversary of the agreement issuing to the shareholders of American Brines 3,495,005 shares of Blanton Resources Corp.
The agreement is subject to no royalties. All shares will have a 4-month restriction upon the date of issuance.
About Blanton Resources Corp.
Blanton Resources Corp. is a Vancouver based mineral exploration company focused on Lithium, strategic base metals, rare earth elements and precious metals exploration in Canada. The company has a portfolio of Lithium Projects in Quebec and its Isla Property located in the Nanaimo Mining Division of British Columbia.
FOR FURTHER INFORMATION PLEASE CONTACT: Michael Dake, Director, at Suite 200 – 551 Howe Street, Vancouver, BC, V6C 2C2 email:mdake@shaw.ca.
Certain statements in this release are forward-looking statements, which reflect assumptions related to certain factors including but not limited to, without limitations, exploration and development risks, expenditure and financing requirements, general economic conditions, changes in financial markets, the ability to properly and efficiently staff the Company’s operations, the sufficiency of working capital and funding for continued operations, title matters, First Nations relations, operating hazards, political and economic factors, competitive factors, metal prices, relationships with vendors and strategic partners, governmental regulations and supervision, permitting, seasonality and weather, technological change, industry practices, and one-time events. Additional risks are set out in the Company’s prospectus dated Sept. 13, 2019 and filed under the Company’s profile on SEDAR at www.sedar.com. Should any one or more risks or uncertainties materialize or change, or should any underlying assumptions prove incorrect, actual results and forward-looking statements may vary materially from those described herein. The Company does not undertake to update forward looking-looking statements or forward looking information, except as required by law.
