Resources Inc. (SIE—TSX.v) (A1XCQ0–FSE) (SNNAF—OTCBB) (January 19, 2021) (the “Company”) Sienna Resources wishes to announce that
management is evaluating Sienna’s Clayton Valley lithium project in
Nevada. Sienna has had this property
since 2016 and now that lithium prices and Clayton Valley projects in
particular are showing strength, it makes sense to re-assess this project
Jason Gigliotti, President of
Sienna Resources stated “There has been a significant uptick in global
sentiment for lithium and lithium companies.
There has also been a tremendous focus on Nevada lithium in the recent
months. It started with Elon Musk of
Tesla Inc. (TSLA-Nasdaq) recently stating he wants to develop lithium in Nevada
to feed his gigafactories, and continued as Albemarle Corporation (ALB-NYSE),
who is a global leader in lithium, stated they also want to increase their
lithium production in Clayton Valley. Lithium Americas Corp (LAC-NYSE) received
a positive record of decision on its Thacker Pass Lithium Project January 15,
2021. On the junior front, Cypress Develop Corp (CYP-tsx.v), Noram Ventures
Inc. (NRM-tsx.v) and Spearmint Resources Inc (SPMT-cse) have had a significant
increase in shareholder interest as they all develop their lithium assets
adjacent to Sienna. Sienna is currently active
on multiple projects and with a massive boom in the Electric Vehicle market
happening globally, the exponential need for battery metals such as lithium are
seeing tremendous demand. Sienna expects
to have a very active quarter.”
technical contents of this release were approved by Greg Thomson, PGeo, a
qualified person as defined by National Instrument 43-101.
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.
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the adequacy or accuracy of this press release.