LION Signs Uranium MOU LION CSE Gbbgf. OTCQB 0TD. F
908 – 510 Burrard Street
Vancouver, B.C. V6C 3A8
LION SIGNS URANIUM MOU
LION CSE GBBGF. OTCQB 0TD. F
Vancouver, British Columbia, Canada (June 7th, 2024) – Global Li-Ion Graphite Corp.
(“Global Li-Ion” or, the “Company”) (CSE: LION) Is please to announce it has entered into a
MOU with a private Malagasy Company to complete due diligence on its Uranium prospects in
Madagascar. The projects have been subject to previous exploration work which has shown
great potential to host Uranium . The 20th century saw extensive exploration work that proved
Madagascar to host significant Uranium deposits and also saw Uranium produced in
Madagascar. Uranium exploration undertaken in Madagascar since 2000, has improved the
understanding of Malagasy Uranium prospects and led to heightened interest in this
underdeveloped Uranium province.
Chairman Jason Walsh commented “We are very pleased to have this opportunity to add a
Uranium project to our portfolio. Uranium and thereafter nuclear energy are by far the most
important key piece to the Global effort of green energy for electrification. Nuclear energy has
also become a hot topic in the AI world as the tech industry realizes the amount of power
needed to run the computers for generative AI.”
About the Uranium Project
The focus is on the Karoo Supergroup which work to date has shown to be the most prospective
stratigraphic unit in Madagascar for Uranium with some areas of skarn also to be considered.
Exploration and appraisal work will identify areas for ground truthing of known “hot-spot”
Uranium along with intensive ground radiometrics (augmented potentially by targeted very high
resolution aerial radiometry) and topographical mapping of targeted areas. This work will form
the basis of planning for a detailed drill program.
About Ambato-Arana Graphite Mine, Madagascar
The 3 forty -year renewable mining exploitation licenses that comprise the Project total 4,375
hectares (10,811 acres) are located in the vicinity of Andasibe in Toamasina Province in
Madagascar, 20 km to the southwest of Sheritt’s large-scale nickel/cobalt laterite open pit mine at
Ambatovy and 15 km northeast of the town of Moramanga from which national highway RN2
connects with capital city Antananarivo (114 km) and Madagascar’s main port of Toamisina
(Tamatave) (240 km). Graphite was produced on the lice nses, at a modest rate constrained by
the technology employed on the licenses at that time, for roughly a century from 1910. Production
was suspended by the previous owners due to a slump at the time in Global Graphite markets
and with the deposits only partially mined. The deposits are now ready for larger scale exploitation
with modern production techniques. They lie within the graphitic horizons of the highly prospective
Manampotsy Formation and are associated with topographic highs that are exploited via free
digging of lateritic ore and open pit mining, providing a lower cost exploitation without need for
blasting. The graphite mineralization on the Project appears within well-defined north-south belts
with interbedded graphite-rich friable layers. The geological layers of interest have continuity of
several kilometres and exhibit a shallow dip angle. Sample data indicate good grade (up to 10%
carbon content with some samples up to nearly 14%) and large flake (jumbo size) consistent with
other nearby mines e.g. Gallois (Elate Graphite), Sahamamy & Vatomina (Tirupati Graphite) and
DNI Metals’ Vohitsara (DNI Metals).
Further information about Global Li -Ion is available under its profile on the SEDAR website ,
www.sedar.com, on the CSE website , www.thecse.com, and the Company’s website ,
www.globalli-iongraphite.com.
For Further information about the Company, please contact:
Jason M. Walsh
Global Li-Ion Graphite Corp.
Telephone 604.608.6314
Email: [email protected]
Neither the Canadian Securities Exchange nor its regulation services provider have reviewed or
accept responsibility for the adequacy or accuracy of this press release.
Forward-Looking Information:
This press release contains forward-looking statements. The use of any of the words “anticipate”,
“continue”, “estimate”, “expect”, “may”, “will”, “project”, “intend”, “believe” and similar expressions
are intended to identify forward -looking statements. Although the Company believes that the
expectations and assumptions on which the forward -looking statements are based are
reasonable, undue reliance should not be placed on the forward-looking statements because the
Company can give no assurance that they w ill prove to be correct. Since forward -looking
statements address future events and conditions, by their very nature they involve inherent risks
and uncertainties. These statements speak only as of the date of this press release. Actual results
could differ materially from those currently anticipated due to a number of factors and risks
discussed in the Company's Management's Discussion and Analysis under the Company's profile
on www.sedar.com. While the Company may elect to , it does not undertake to update this
information at any particular time.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United States unless registered under
the U.S. Securities Act and applicable state securities laws or an exemption from such registration
is available.