Eureka Lithium

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Eureka Announces Marketing Services Agreements

Eureka Announces Marketing Services Agreements

July 24th, 2023 Vancouver, BC – Eureka Lithium Corp. (CSE:ERKA) (OTC: SCMCF) (FWB: S580) (“Eureka” or the “Company”), announces an agreement with Torque Capital Partners, (“Torque”)(phone: 778-908-0353; address: 1030 W Georgia Street – Suite 1507, Vancouver, BC, V6E 2Y3) for article composition, coverage and distribution to increase investor awareness and interest in the Company beginning July 25th, 2023 and continuing for three months, in consideration for the payment to Torque of $20,000CAD. The Company will not issue any securities to Torque in consideration of the investor awareness services. The awareness activity will occur by email and Facebook.  Torque does not have any prior relationship with the Company. The Company and Torque deal at arm’s length.

The Company also announces an agreement with Danayi Capital Corp. (“Danayi”)(email: [email protected]; address: PO Box 28035, Vancouver, RPO West Pender, BC, V6C 3T7) for marketing services to be provided by Danayi beginning July 25th, 2023 for approximately two months or until budget exhaustion.  Danayi will utilize their online programs with the aim of increasing investor awareness and interest in the Company as well as attracting potential new investors through various online platforms and methods of engagement in consideration for the payment to Danayi of $50,000 USD. The Company will not issue any securities to Danayi in consideration for the marketing services. The marketing activity will occur by the Google, Bing and display ad network. Danayi does not have any prior relationship with the Company. The Company and X Danayi deal at arm’s length.

The Company also announces an agreement with X-Media Inc. SEZC, (“X Media”) (email: [email protected]; address: 2nd Floor, Strathvale House, 90 North Church Street, George Town, Grand Cayman, KY1-1102) for marketing services to be provided by X Media beginning July 31st, 2023 for approximately two months or until budget exhaustion.  X Media will utilize their online programs with the aim of increasing investor awareness and interest in the Company as well as attracting potential new investors through various online platforms and methods of engagement in consideration for the payment to X Media of $250,000 USD. The Company will not issue any securities to X Media in consideration for the marketing services. The marketing activity will occur by email, and the Google, Bing and Yahoo display ad network. X Media does not have any prior relationship with the Company. The Company and X Media deal at arm’s length.

About Eureka Lithium Corp.

Eureka Lithium Corp. is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South, and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access. 

Contact information: 

Jeffrey Wilson: Chief Executive Officer 
E-mail: [email protected]

Forward Looking Statements

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company’s current beliefs or assumptions as to the outcome and timing of such future events. In particular, this press release contains forward-looking information relating to, among other things, the expected term of the marketing activities contracted for by the Company.

Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information, including, in respect of the forward-looking information included in this press release, assumptions regarding the efficacy of the Company’s marketing program.

Although forward-looking information is based on the reasonable assumptions of the Company’s management, there can be no assurance that any forward-looking information will prove to be accurate. Forward looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include, among other things, the risk that the Company’s marketing program may not be as effective as anticipated by the Company and that the budget for the Company’s marketing program may not be sufficient to permit the marketing activities to continue for the anticipated term. The forward-looking information contained in this release is made as of the date hereof, and the Company not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

EUREKA LITHIUM CREWS ADVANCING QUICKLY ACROSS THE TUNDRA IN QUEBEC’S FAR NORTH

EUREKA LITHIUM CREWS ADVANCING QUICKLY ACROSS THE TUNDRA IN QUEBEC’S FAR NORTH

Vancouver, British Columbia, July 18th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTC: SCMCF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”), owner of the largest lithium-focused land package in the top third of Quebec known as Nunavik, is pleased to report that field crews are making swift progress in Phase 1 exploration, focused on mapping and initial sampling, while encountering far more pegmatites than were mapped historically across more than 736 sq. km of Eureka claims in the New Leaf Lithium Camp (refer to July 6, 2023 news release) featuring the 326 sq. km ZigZag Property (see Figure 1) and three other claim blocks.

Mr. Jeffrey Wilson, Eureka President and CEO commented: “Our 15-person field crew, directed by our contracted GroundTruth Exploration partner, is off to a flying start across the tundra in Nunavik. Logistics, extremely important for this region, are being handled with military-style precision and the first major batch of samples is being submitted for assaying in the coming days. Pegmatites are abundant. We’re thrilled with the start of the program which bodes well for the upcoming first phase in the Raglan area, starting this month, where we hold highly strategic ground at Raglan West and Raglan South (see Figure 2).  Phase 1 across each area will prioritize potential lithium-bearing pegmatite zones for aggressive Phase 2 follow-up including initial drilling of the best targets.”

Technology-Driven Exploration

GroundTruth is utilizing a highly trained and experienced team of LCT Pegmatite prospectors who are investigating and sampling all known and newly located pegmatites in this under-explored region. Prospectors are navigating traverse routes using GPS enabled tablets loaded with all available data including Quebec geology, geochemistry, ArcticDEM and Multispectral Sattelite Imagery to vector precisely to outcrops and zones of highest potential.  Samples are being analyzed onsite with LIBS and XRF for lithium and pathfinder geochemistry for real-time follow-up during the program. Priority pegmatite zones encountered are being surveyed with UAV drone for Orthoimagery and DEM for a High Resolution 3D map of the pegmatite systems.  

Zig Zag Highlights:

  • ZigZag is roughly 35 km SW/NE and averages 7 km SW/NE wide, increasing up to 20 km wide in the south part of the property;
  • The claim block was only lightly mapped in the late 1990’s, indicating five major rock types;
  • Intense lithium anomaly in lake sediments: 80 out of 140 (57%) historical samples (report GM6582) from non-government exploration returned >37.3 ppm lithium including 5 samples >70.6 ppm which would be in the top 21 of the Quebec government database comprising more than 30,000 samples. Eighteen of 30 government samples (60%) were in the 99th percentile (>37.3 ppm) for lithium, coupled with strong cesium and rubidium footprints;
  • Historical mag data for ZigZag shows prominent NW trending regional scale structures and an overall structural setting considered prospective for lithium-bearing pegmatite emplacement.

Cautionary Statement: Investors are cautioned that the lake bottom sediments information is taken from the publicly available sources in the Quebec government database. The Company has not been able to independently verify the information contained. The information is not necessarily indicative of the mineralization on the Property, which is the subject of this news release. There is no guarantee that significant discovery will be made as a result of its current exploration efforts.

Figure 1 – Add ZigZag Map (Lake Seds)

Figure 2 – Eureka Raglan District Map

Corporate Presentation 

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s corporate presentation: 

https://eurekalithiumcorp.com/EurekaLithium_June16_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

CEO Video Commentary

https://www.youtube.com/watch?v=rpUks2twnNg

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100% ownership of three projects comprising 1,408 sq. km in the emerging Raglan West, Raglan South and New Leaf Lithium Camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

Contact Information:

For more information please contact:

Jeffrey Wilson
Chief Executive Officer
[email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.

EUREKA COMMENCES EXPLORATION IN QUEBEC’S NEWEST LITHIUM FRONTIER

EUREKA COMMENCES EXPLORATION IN QUEBEC’S NEWEST LITHIUM FRONTIER

Vancouver, British Columbia, July 6th, 2023 – Eureka Lithium Corp. (CSE: ERKA) (OTC: SCMCF) (FSE: S580) (“Eureka Lithium” or “Eureka” or the “Company”), owner of the largest lithium-focused land package in the top third of Quebec, has commenced 2023 exploration targeting the first-ever discovery of lithium-bearing pegmatite deposits in this under-explored mineral-rich region known as Nunavik.

Eureka, which raised $6.7 million in private placements in June 2023, acquired 100% ownership of multiple lithium properties covering 1,408 sq. km in three major districts in Nunavik from a syndicate led by Canada’s most famous prospector, Shawn Ryan, a Technical Adviser for Eureka. Former PDAC Prospector-of-the-Year, Ryan has multiple gold discoveries to his credit and has spearheaded gold rushes in both the Yukon and Newfoundland. Nunavik represents his launch into the lithium sector.   

  • 443 sq. km at Raglan West beginning 33 km southwest of the community of Salluit;
  • 229 sq. km at Raglan South, within 20 km of KoBold Metals’ land package and 80 km southwest of the Raglan Nickel mine (see “District Activity” below for details);
  • 736 sq. km covering multiple claim blocks in the New Leaf Camp in southern Nunavik.

Ryan’s research over many months has been instrumental in highlighting Nunavik’s high-grade lithium potential in a region that is resource-friendly and host to one of the world’s lowest-cost nickel producers, Glencore’s Raglan mine, served by a deep-sea port near Salluit.

Three Major Lithium Project Areas

Each of Eureka’s project areas has district scale lithium discovery potential and features abundant outcrop and some of the highest lithium and cesium values in lake bottom sediments (99th percentile and above) in the Quebec government database. In addition, a review of historic data for the region reveals the presence of mapped pegmatites in multiple rock units, compelling overall geology, and geophysical anomalies that point to deep-seated structures that may have created an ideal environment for the development of lithium mineralization across broad sections of Nunavik outside of the Cape Smith Belt. 

Phase 1 exploration has started in the New Leaf Camp and will progress north, allowing Eureka to quickly complete first-pass mapping, prospecting and sampling over all areas in order to prioritize drill targets for Phase 2 this summer (see GroundTruth partnership further below). 

CEO Comments

Mr. Jeffrey Wilson, Eureka President and CEO, commented: “Nunavik has some of the most prospective geology anywhere in the world for new mineral discoveries as evidenced by a top-tier nickel belt with two producing mines. Up until now, lithium has never been on geologists’ radar screens in this part of Quebec. With what is now known about the geology, geochemistry, and geophysics outside of this prolific nickel belt, thanks in part to Shawn Ryan’s meticulous research, the race is on for new lithium discoveries and Eureka is in the pole position with the financial and technical capacity to rapidly advance the Company’s highly prospective project portfolio.” 

Eureka Partners With GroundTruth Exploration

Eureka is pleased to have partnered with GroundTruth Exploration which has extensive experience carrying out successful exploration programs in remote areas of the world. A sizeable, highly trained team for Nunavik will be sampling pegmatite outcrops across Eureka’s vast holdings. Zones of interest will be surveyed by drones producing high detail imagery and 3D models to completely map the mineralized systems on surface as they are identified for follow-up program planning. This strategy will quickly vector toward the most prospective areas for a targeted drilling program this summer using a lightweight and mobile Rotary Air Blast GT RAB Drill for initial drill testing, leading to high confidence diamond drilling of the top priority targets. The samples collected during this program are being initially scanned and sorted in the field by using a handheld SciAps LIBS analyzer and selected samples will be sent to the laboratories for analysis. A field quality assurance program has been developed which includes retaining traverse trackfiles, inserting QAQC samples for LIBS / assays, and retaining digital data files.

District Activity

Very active with a drill program near Eureka’s Raglan South Project, in the Cape Smith Nickel Belt, is privately owned KoBold Metals which recently completed a $195 million (U.S.) raise. KoBold is a pioneer in the use of artificial intelligence in its quest to find new nickel, lithium, cobalt and copper deposits to drive the clean energy revolution. High profile investors in KoBold include billionaires Bill Gates, Jeff Bezos and Richard Branson.

Eureka Launches Website

Eureka has launched its new website at https://EurekaLithiumCorp.com. Investors are encouraged to visit the site for regular updates throughout the summer and to sign up for alerts. 

Corporate Presentation

Visit the Eureka Lithium homepage or click on the following URL to view the Company’s corporate presentation:

https://eurekalithiumcorp.com/EurekaLithium_June16_2023.pdf

Qualified Person

The scientific and technical content of this news release has been reviewed and approved by Afzaal Pirzada, P. Geo., who is a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Eureka Lithium Corp.

Eureka Lithium is the largest lithium-focused landowner in the northern third of Quebec, known as the Nunavik region, with 100-per-cent ownership of three projects comprising 1,408 square kilometres in the emerging Raglan West, Raglan South and New Leaf lithium camps. These claims were acquired from legendary prospector Shawn Ryan and are located in a region that hosts two operating nickel mines with deep-sea port access.

Contact Information:

For more information please contact:

Jeffrey Wilson – Chief Executive Officer
Email: [email protected]

Cautionary Statement

Certain statements contained in this news release, including statements which may contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements related to matters which are not historical facts, such as statements regarding the contemplated completion of the Acquisition and the Concurrent Financing, are forward-looking information within the meaning of applicable securities laws. Such forward-looking statements reflect management’s expectations and are based on certain factors and assumptions and involve known and unknown risks and uncertainties which may cause the actual results, performance, or achievements to be materially different from future results, performance, or achievements expressed or implied by such forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this news release are reasonable, but no assurance can be given that these expectations will prove to be correct, nor that the Acquisition will be completed as contemplated, or at all, or that the Concurrent Financing will be completed as contemplated, or at all. The Company undertakes no obligation to release publicly any future revisions to forward-looking statements to reflect events or circumstances after the date of this news or to reflect the occurrence of unanticipated events, except as expressly required by law.

The Canadian Securities Exchange (CSE) has not reviewed, approved, or disapproved the contents of this press release.