ACME Lithium - CEO, Stephen Hanson.
CEO, Stephen Hanson.
Source: Grizzle
  • ACME Lithium (ACME) has signed a teaming agreement with ASTERRA to use its technology for lithium targeting
  • It included the use of ASTERRA’s Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence (AI)
  • ACME Lithium successfully used the technology for the geological field review and sampling program at Fish Lake Valley, Nevada
  • The companies are currently planning a second project that will use this new technology
  • ACME Lithium Inc. (ACME) is unchanged, trading at $0.51 per share as of 2:37 p.m. EST

ACME Lithium (ACME) has signed a teaming agreement with Israel-based company ASTERRA to use its technology for lithium targeting.

The agreement included the use of ASTERRA’s Synthetic Aperture Radar (SAR) data analytics, patented algorithms and artificial intelligence (AI) to identify lithium-specific targets.

ASTERRA’s machine learning and AI algorithms obtain lithium concentration signals underground from satellite-based data and can potentially pinpoint locations with various grades of lithium. ACME Lithium believes the technology may provide a way to find targeted locations of lithium while potentially reducing exploration time and costs.

ACME Lithium is the first in the United States to use ASTERRA’s technology which was used for the geological field review and sampling program at Fish Lake Valley, Nevada.

The program resulted in the highest surface lithium values to date with up to 1325 parts per million lithium, which was double the estimated locations compared to traditional exploration methods.

Stephen Hanson, President and CEO of ACME Lithium, commented,

“This collaboration and initial case study with technology leader ASTERRA confirm historical and new lithium occurrences on the property and that certain areas are enriched in lithium.”

The companies are currently planning a second project that will use this new technology.

ACME Lithium Inc. (ACME) is unchanged, trading at $0.51 per share as of 2:37 p.m. EST.


More From The Market Online
Bulldozers building dams at a mine site.

Victoria Gold might never recover from Yukon mine disaster

Victoria Gold will likely be dealing with last month's 300-million-litre cyanide spill at its Eagle mine in the Yukon for years to come.
Computer laptop with a TSX logo on the screen

@ the Bell: TSX drops for third session in a row

Continued pressure from the heavyweight financial and energy sectors dragged Canada’s main stock index lower for a third consecutive session.
EA SPORTS College Football 25

EA kicks off ‘College Football 25’ with many new features

Electronic Arts (NDAQ:EA) officially kicks off the release of EA Sports' "College Football 25" worldwide on Friday.