Vancouver, B.C., March 19, 2021: Sienna Resources Inc.
(“Sienna” or the “Company”) (SIE—TSX.v,
SNNAF—USA, A1XCQ0–Germany)
wishes to report on recent activities in Clayton Valley, Nevada. Yesterday, Schlumberger New Energy
Venture (SLB—NYSE) “announced the development of a lithium extraction pilot
plant through its new venture, NeoLith Energy. The deployment of the pilot
plant will be in Clayton Valley, Nevada, USA. The NeoLith Energy sustainable
approach uses a differentiated direct lithium extraction (DLE) process to
enable the production of high-purity, battery-grade lithium material while
reducing the production time from over a year to weeks. This innovative process
can create new market opportunities for lithium extraction and battery
manufacturing economy and maximize the value of the lithium-rich resource base
in Nevada with cutting-edge extraction technology.
The pilot plant’s deployment
is part of the Pure Energy Minerals agreement with Schlumberger New Energy for
the development of its Nevada lithium brine property, using advanced technology
to process the brine and extract high-purity lithium, maximizing the lithium
resource recovery. Commissioning of the pilot plant will begin following
receipt of all necessary permits. NeoLith Energy intends to begin operations
before the end of 2021.” Management cautions that
past results or discoveries on properties in proximity to Sienna may not
necessarily be indicative to the presence of mineralization on the company’s
properties.
Jason Gigliotti,
President of Sienna Resources states, “This is one of the most significant
advancements in Clayton Valley lithium to date.
Having an energy giant of Schlumberger‘s magnitude moving forward with this pilot plant for lithium is a
major development. Sienna has property
in the deepest section of the brine deposit (see map) that Pure Energy and Schlumberger have an agreement
on. Not only is this great news for the
deepest section of the brine formation in this specific region of the Clayton
Valley, but both President Biden and Prime Minister Trudeau have recently
committed to building an EV supply chain in North America at a time when the
price for lithium has increased by close to 100% in the past 3 months. The Clayton Valley of Nevada is the preeminent
lithium address in North America, and we are very excited about how the future
of Clayton Valley is playing out especially in light of the new Schlumberger news. Sienna has one of the most strategically
located properties in Clayton Valley located in the deepest section of the only
brine producing basin in North America.
We are very active in Scandinavia and we are constantly watching Clayton
Valley as developments progress at a rapid pace. 2021 will be a breakout year for Sienna
Resources Inc. and management could not be more optimistic about the coming months
for Sienna.”
About Sienna Resources Inc.
Sienna Resources is focused on exploring for and
developing high-grade deposits in politically stable, environmentally responsible,
and ethical mining jurisdictions. Sienna is partnered with a New York Stock
Exchange-listed mining company on three separate projects in Scandinavia
including the past-producing Bleka and Vekselmyr orogenic gold projects in
southern Norway which are both greenstone-hosted gold systems, the Kuusamo
platinum group elements (PGE) project in Finland directly bordering the LK Project
being advanced by Palladium One Mining Inc., and the platinum-palladium-nickel
Slattberg project in southern Sweden. In North America, Sienna’s projects
include the Marathon North platinum-palladium property in Northern Ontario
directly bordering Generation Mining Ltd.’s 7.1-million-ounce
palladium-equivalent Marathon deposit. Sienna also has the Clayton Valley Deep
Basin Lithium Project in Clayton Valley, Nev., home to the only lithium brine
basin in production in North America, in the direct vicinity of Albemarle
Corp.’s Silver Peak deposit and Tesla Motors Inc.’s Gigafactory. Management
cautions that past results or discoveries on properties in proximity to Sienna
may not necessarily be indicative to the presence of mineralization on the
company’s properties.

If
you would like to be added to Sienna’s email list please email
[email protected] for information or join our twitter account at
@SiennaResources.
Contact Information
Tel:
1.604.646.6900
Fax: 1.604.689.1733
www.siennaresources.com
“Jason Gigliotti”
President, Director
Sienna Resources Inc.
Neither
the TSX Venture Exchange nor its Regulation Services Provider (as that term is
defined in the policies of the TSX Venture Exchange) accepts responsibility for
the adequacy or accuracy of this press release.