Fuse Cobalt to Investigate Potential for Lithium Clay Deposits at Teels Marsh, Nevada

Fuse Cobalt Inc. ("the Company" or "Fuse") (TSXV: FUSE), (OTC: FUSEF), (FRA: 43W3) is pleased to announce it plans to review all previous exploration results on its 100% owned Teels Marsh West Project, including other potential sites in the vicinity, and evaluate the data in order to guide a Spring 2021 program aimed at locating lithium bearing montmorillonite clay deposits. 

Metallurgical testing of montmorillonite clay, a non-Hectorite clay, in nearby Clayton Valley indicates low-cost processing can be achieved by leaching with low acid consumption (125 kg/t) and high lithium recovery over 85 per cent Li.  These high extractions prove that the dominant lithium-bearing minerals present are not hectorite, a refractory clay mineral which requires roasting and/or high acid consumption to liberate the lithium. (refer to Cypress Development's Pre-Feasibility Study on Clayton Valley Lithium Project)

Fuse recently acquired the 100 placer claims, covering 2000 acres (809 hectares), at Teels Marsh, Nevada. The property, called Teels Marsh West is highly prospective for lithium brines and is located approximately 48 miles northwest of Clayton Valley where Albemarle (NYSE: ALB), a leader in the global specialty chemicals industry, announced on January 7th, 2021 plans to expand capacity at their  lithium production facility at Silver Peak, Nevada.

In addition, Albemarle reported it will begin a program to evaluate clays and other available Nevada resources for commercial production of lithium. Albemarle said that beginning in 2021, the company plans to invest $30 million to $50 million to double the current production at the Nevada site by 2025, making full use of its brine water rights (refer to Albemarle's News Release dated January 7, 2021).