News about commodities and stocks | Company News | Swiss Resource Capital

USCM Enters into Exploration and Option Agreement on McDermitt Lithium East Project

  • Positions USCM with exposure to two leading lithium basins in Nevada (Clayton Valley and McDermitt Basin). Nevada is the only lithium producing state in the US.[1]
  • McDermitt Caldera includes Thacker Pass, a construction stage project that is positioned to be the first lithium clay producing asset in the US[2]. McDermitt Caldera is potentially the largest source of lithium clays in the world.
  • McDermitt Lithium East Project spans 6,508 acres of Bureau of Land Management claims with a preliminary surface sample of 1,907ppm lithium.
  • Occupies a geologically strategic position on the margin of the McDermitt caldera similar to that occupied by the Thacker Pass project1, which is 19 kilometers to west.
  • Provides USCM additional project optionality with minimal initial cash outlay and earn-in expenditures over time to advance the project. Team positioned to fast-track field studies required to refine and permit targets.


The map below outlines the location of MLEP in relation to Tacker Pass project2.

Receive up-to-date information about the company directly via push notification

More News

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at [email protected]. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

* indicates required
SRC Mining & Special Situations Zertifikat

Newsletter registration

E-mail address
Newsletter / Archiv