🚀 60-Second Update from Aaron Revelle, MD & CEO of Pursuit Minerals

Описание: We continue to build strong momentum at our flagship Rio Grande Sur lithium project in Argentina, advancing both market engagement and on-ground execution as we move into the next phase of growth.

Following recent attendance at Ignite in Hong Kong and Singapore and Resourcing Tomorrow Hong Kong, we’ve engaged directly with global institutional investors, strategic partners, and offtake groups. These interactions continue to reinforce the strategic positioning of Rio Grande Sur as a scalable lithium development asset.

Key takeaways – Rio Grande Sur (Lithium):

CSAMT re-interpretation completed at the Mito tenement, defining a large, coherent conductive target.
Field crews and drilling rigs mobilised, with drilling now underway targeting high-priority expansion zones.
Current drilling program focused on delivering a material resource upgrade to support project growth.
PFS addendums in progress, assessing larger-scale production scenarios and expanded development capacity.

Lithium market conditions are increasingly supportive at a structural level. Energy security concerns and elevated oil prices are accelerating the shift toward electrification, while battery storage demand continues to expand across global energy systems. Against this backdrop, supply-side constraints, including project delays and operational disruptions, are expected to keep the market undersupplied over the long term, reinforcing pricing support.

With drilling now underway and technical workstreams advancing in parallel, the focus is on expanding the resource base and defining the scale of future development.