Scientific Metals Corp. (TSX.V: STM) (Frankfurt: 26X) (USA: SCTFF) is a Canadian-based exploration company focused on the acquisition and development of production grade metal deposits that are critical components to modern day rechargeable batteries. Scientific Metals Corp.’s key assets are located in Idaho, Utah and Alberta.
The Iron Creek Cobalt Property is located in Lemhi County, Idaho, along the most prolific trend of cobalt mineralization in the USA, the Idaho Cobalt Belt. The property benefits from a substantial amount of historical exploratory work, including approximately 30,000 feet of diamond drilling, and the mining of 1,500 feet of underground workings.
The Paradox Basin Lithium Property, located in central Utah, encompasses 6000 acres and lies approximately 15 kms west of the city of Moab. The property consists of 334 mineral claims that contain 8 historic oil & gas drill holes with fluid analysis from the immediate area ranging from 81 to 1,700 ppm lithium in saturated mineral brines.
The Deep Valley lithium property, located in west-central Alberta, consists of a 6,648 ha (16,427 acres) permit that encompasses an area of reported enrichment of lithium brines. The property is located in the active Fox Creek - Sturgeon Lake area of Alberta where historic samples of formation waters (brines) have returned values of 140 mg/L (ppm) lithium.
What is Cobalt?