Peloton Minerals Corp. has received a preliminary geophysical report on the North Elko Lithium Project which shows an underlying layer, interpreted as clay-rich, across almost the entire 37 square kilometer property. This report concludes 18 months of systematically conducted exploration, the results of which greatly encourage drill testing for the potential discovery of a district-scale lithium clay deposit at NELP [...]
Peloton Minerals Corp. is pleased to announce that it has staked and filed for recording an additional 90 mineral claims at its 100% owned North Elko Lithium Project located in north-eastern Nevada and immediately adjacent to property owned by Surge Battery Metals Inc. , which has discovered a significant lithium deposit beside NELP. The surface data collection portion of a tTEM geophysical survey was also completed in [...]
Peloton Minerals Corp. has closed the first tranche of a private placement financing in the amount of CDN$130,400.01 for this tranche, consisting of 1,448,889 units priced at CDN$0.09 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The Company will pay fees equal to eight percent of the funds raised and issue ten percent of the units issued in [...]
Peloton Minerals Corp. is pleased to announce signing a contract with BGC Engineering of Calgary, Alberta, to conduct geophysical surveys over the North Elko Lithium Project intended to define the depth and thickness of potential lithium bearing clay layers thought to exist under portions of NELP. BGC Engineering is an international consulting firm that provides professional services in applied earth sciences. Peloton has [...]
Peloton Minerals Corp. intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of between $100,000 and $250,000 for lithium exploration in northern Nevada and working capital. The Private Placement will be conducted in reliance upon certain prospectus exemptions, including the exemption allowing issuers to raise capital by distributing securities to existing shareholders contained in [...]
Peloton Minerals Corp. has granted a total of 600,000 incentive stock options to consultants of the Company. The options are exercisable over three years at an exercise price of $0.09. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton is a reporting issuer in good standing in the Provinces of Ontario and British Columbia whose common shares are listed on the CSE and trade [...]
Peloton Minerals will modify the expiry time of certain outstanding warrants of the Company as follows: 7,614,446 warrants exercisable at a price of CDN$0.10 until 5:00 pm on December 10, 2024 will be exercisable until 5:00 pm on December 10, 2026. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton Minerals Corporation is a reporting issuer in good standing in the Provinces [...]
Peloton Minerals Corp. is pleased to report that a multi-faceted exploration program underway at the 100% owned North Elko Lithium Project in northeastern Nevada has identified an area approximately 25 kilometers square that contains anomalous lithium in an alkaline paleolake basin environment of deposition . This environment is the same as that of the adjacent property of Surge Battery Metals Inc. where a significant [...]
Peloton Minerals Corp. has closed a private placement financing of CDN$59,999.94 , consisting of 666,666 units priced at CDN$0.09 per unit. Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The Company will pay fees equal to eight percent of the funds raised and issue ten percent of the units issued in the form of broker warrants exercisable into a unit of [...]
Peloton Minerals Corp. intends to close a private placement of units priced at CDN$0.09 per unit for total proceeds of $50,000 to $200,000, subject to timely receipt of subscription documents. and Each unit consists of one common share and one common share purchase warrant exercisable for three years at $0.12. The proceeds of the Private Placement will be used for lithium exploration in northern Nevada and working [...]
Peloton Minerals Corp. reports that it has staked an additional 27 mineral claims at its 100% owned North Elko Lithium Project in northeastern Nevada, bringing the total ground position to 444 mineral claims or about 37 square kilometers. The new claims cover additional areas of prospective lithium interest to the east following analysis of hyperspectral data and ground follow-up work. The new claims are on the eastern [...]
Peloton Minerals has granted a total of 200,000 incentive stock options to a consultant of the Company. The options are exercisable over five years at an exercise price of $0.10. For further information please contact: Edward Ellwood, MBA President & CEO 1-519-964-2836 Peloton is a reporting issuer in good standing in the Provinces of Ontario and British Columbia whose common shares are listed on the CSE and trade in the [...]
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