EQS-News

Genius Metals Partners with Clarity Gold to Advance its Lithium381 Property in James Bay (QC)

EQS-News: Genius Metals Inc. / Key word(s): Joint Venture/Strategic Company Decision Genius Metals Partners with Clarity Gold to Advance its Lithium381 Property in James Bay (QC) 08.12.2022 / 13:57 CET/CEST The issuer is solely responsible for the content of this announcement. MONTRÉAL, QUÉBEC, CANADA — (December 7, 2022) - Genius Metals Inc. (TSXV: GENI, WKN: A2N64W, FSE: 0FU) (“Genius Metals” or the “Corporation”) is pleased to announce it has signed an option agreement (the “Option Agreement”) with Clarity Gold Corp. (CSE: CLAR, OTC: CLGCF, FSE: 27G) (“Clarity”) which enables CLAR to acquire a 50% interest in the Corporation’s Lithium381 property (the “Property”) located in the James Bay-Eeyou Istchee region of the Province of Quebec. The Property is contiguous to Allkem Limited’s (TSX: AKE) James Bay Lithium property which comprises the Allkem lithium deposit (40.8 Mt @1.40% Li2O as Indicated Resource) formerly known as the Cyr deposit (see figure 1).

The Lithium381 Property

The Allkem spodumene-bearing granitic pegmatite dykes could extend to the Lithium381 property which has never been drill tested. The lithium mineralization on the Allkem property deposit is within the mineral spodumene and the granitic pegmatite dykes are classified as the rare earth elements type (Li-Cs-Ta).  The Lithium381 property has never been explored for lithium mineralization. The Quebec government public records also indicate the presence of three spodumene-bearing pegmatite outcrops on southern neighbouring property. Other active claim holders in the immediate area include Patriot Battery Metals Inc. and a partnership between Osisko Development and Brunswick Exploration Inc.

Guy Goulet, CEO of Genius Metals mentioned: “Genius is pleased to partner with a group like Clarity that is willing to commit rapidly in exploring this prospective property. Following a preliminary assessment of the lithium potential in the immediate area, Genius has concluded there is a possibility that the Allkem’s dykes could extend into our ground and a preliminary work program to test this possibility is warranted.”