Adelayde Exploration Inc. announced it has entered into a joint venture agreement with Sienna Resources Inc. and Cruz Battery Metals Corp to explore the deep basin lithium brine potential in Clayton Valley, Nevada. The 115 mineral claims comprising the 2,300-acre JV land package are all located within, and completely surrounded by, SLB’s (formerly Schlumberger) and Pure Energy Minerals’ Lithium Deposit. Clayton Valley, Nevada is the only long-established producing lithium brine basin in the U.S., home to Albemarle’s Silver Peak lithium brine mine, which extracts lithium from subsurface brines. It has been the sole US producing lithium brine operation since the 1960’s.
James Nelson, President of Adelayde stated, “Lithium prices are currently at 2-year highs and are now up well over 150% since June 2025, according to tradingeconomics.com. With the recent resurgence of investor attention back into the lithium sector, management feels this is an opportune time to explore the deep basin lithium brine potential within Clayton Valley, Nevada. The main reason the JV was formed was to create one large block in the center of the Clayton Valley lithium brine basin to formulate a drill program to test the deepest part with a shared cost and benefit to the JV participants. The Company is well financed to execute its planned exploration and work programs, and we look forward to a very active start to 2026.”
On June 17, 2022, Adelayde announced a mineral resource estimate on the 1,136-acre McGee lithium clay deposit of 320 Mt @ 803 ppm Li for 1,369,000 indicated tonnes of lithium carbonate equivalent (LCE) and 157 Mt @ 865 ppm Li for 723,000 inferred tonnes of LCE, directly bordering SLB (formerly Schlumberger) and Century Lithium Corp.
Adelayde recently announced (January 22, 2026) that it has joined the National Defense Industrial Association (NDIA) in support of the advancement of its critical and strategic mineral portfolio. The NDIA is a U.S.-based organisation promoting national security by connecting industry and government.
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