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Weekapaug Lithium Ltd
Symbol GRUV
Shares Issued 73,920,173
Close 2024-10-29 C$ 0.06
Market Cap C$ 4,435,210
Recent Sedar Documents

Weekapaug to change name to Protium Clean

2024-10-29 16:53 ET - News Release

Mr. Marc Branson reports

WEEKAPAUG LITHIUM ANNOUNCES PROPOSED NAME CHANGE TO PROTIUM CLEAN ENERGY CORP. AND PROVIDES CORPORATE UPDATE

Weekapaug Lithium Ltd. intends to change its name to Protium Clean Energy Corp., which better reflects the company's mission of clean energy exploration. The company's common shares are expected to continue to trade on the Canadian Securities Exchange under the ticker symbol GRUV.

The company believes that Canada has an opportunity to become a significant global player in clean energy through effective and efficient exploration for the metals, minerals and gases required for the new economy. Management is excited to share its vision and tactical plans for moving the company's current portfolio forward.

Hydrogen

The company is pleased to update shareholders on the previously announced regional remote sensing gas survey over a 12,000-square-kilometre area of Ontario and Quebec. Data acquisition and initial processing have begun for the gases. Aster Funds has trained its QDFC predictive fingerprint target mapping algorithms and artificial intelligence on the known hydrogen occurrences from the main graben areas in Temiskaming, where QIMC is located. This will allow the technology to look for similar spectral responses to QIMC and assist the company in developing the best possible exploration strategy for hydrogen and other gases. In addition, hydrogen and other gas abundances in the survey area will be directly mapped at different seasons to define areas of high hydrogen and other gasses for follow-up ground exploration.

Kimberlites, silver and cobalt deposits (critical minerals/metals) are known and are currently being collated in the satellite survey area. Utilizing different spectral and hyperspectral techniques, a selected area of 3,500 square kilometres centred on the current claim area will be surveyed to determine target areas for exploration for critical minerals/metals and kimberlites.

Lithium

On Oct. 16, 2023, the company announced the successful completion of the 2023 exploration program on its 100-per-cent-owned Nakina lithium property in Ontario, Canada.

Analyses of bedrock and till samples collected during a grassroots exploration program of outcrop grab sampling and till sampling confirmed the presence of significant lithium mineralization. The company intends to follow up on the exploration with detailed geological mapping, sampling and mineralogy.

In addition the company also intends to incorporate the aforementioned satellite surveying techniques to delineate pegmatite target areas and use satellite long-wave infrared technology to map non-lithium minerals.

John Ryder, PGeo, a qualified person as that term is defined under NI 43-101, has reviewed and approved the technical information contained in this news release. Mr. Ryder is also a consultant of the company.

About Weekapaug Lithium Ltd.

Weekapaug is a junior exploration and development company focused on identifying, acquiring and exploring prospective minerals in Canada's extensive natural resource portfolio. It focuses on exploring and developing its 100-per-cent-owned Nakina lithium and Firstbrook hydrogen properties in Ontario, located in Northern Canada, and identifying and pursuing further opportunities by region using various satellite surveys. This allows Weekapaug to evaluate large tracts of land quickly and cost-effectively to delineate targets for natural gases and critical minerals required for the modern world.

We seek Safe Harbor.

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