Altair International Corp (OTCMKTS:ATAO) stock closed a bit higher on Wednesday after the news. Over the past month the stock has been witnessing selling pressure with a fall of 25%.
Market Reaction:
On Wednesday, ATAO stock moved up 3.51% to $0.0738 with more than 637K shares, compared to its average volume of 961K shares. The stock moved within a narrow range of $0.0700 – 0.0800. Over the past 52-week, the stock has moved within a range of $0.7670 – 1.4570.
Major Trigger:
Altair International : Identifies Lithium Anomalies Within Basin Adjacent to Clayton Valley
Key Highlights:
Altair International announced that it has that it has received the results of our July 2021 soil sampling program conducted on the Stonewall Lithium Project in southwestern Nevada.
The sampling program was designed to verify and hopefully expand on previously identified anomalous Lithium first identified by Macarthur Minerals Ltd. in their 2017 widely spaced soil sampling program.
The Altair sampling program was conducted on a grid pattern which effectively covered the Stonewall claim groups by Range Front Mining Services of Elko, Nevada who maintained proper QA/QC procedures and chain of custody for delivery of the samples to ALS Global labs in Reno, Nevada for preparation and analysis.
The sampling program returned 137 sediment samples collected from depths of approximately 1 ft. (~ 30 cm) with grades ranging from 20.8 to 172.5 ppm Li. Field duplicates were taken and results confirmed laboratory accuracy. A good portion of two of the three claim blocks comprising the Stonewall project returned anomalous to highly anomalous Lithium values.
