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Pinnacle Minerals expands Canadian lithium footprint

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Pinnacle Minerals strikes gold with Canadian lithium expansion

β€œWaratah Capital partnering up with Pinnacle Minerals at this juncture is a seriously smart move. It’s like adding rocket fuel to a spaceship,” exclaimed Nic Matich, the Managing Director of Pinnacle Minerals, making sure everyone knows the strategic significance of the partnership.

With a market cap of just A$3.77 million ($2.6m), Pinnacle Minerals revealed that the new funds will act as a financial fortification, beefing up the company’s balance sheet and ramping up project exploration in 2024.

Teaming up with IOS Geosciences, a Quebec-based crew, Pinnacle Minerals has already kick-started a ground reconnaissance programme at Adina East, sampling various pegmatite outcrops and signaling their bullish stance on the project.

The Adina East lithium project sprawls over 72.7kmΒ² (7,274.4 ha.) with a total of 147 claims. Positioned right next to Loyal Lithium’s (ASX: LLI) Trieste project, this site holds immense promise. Within 6km from the boundary of the Project2, spodumene bearing dykes have been identified, making it a potential hotbed for this sought-after element. The project is also flank to Winsome Resources’ Tilly project, known for its sprawling pegmatites, believed to extend into the Adina East Project.

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