First Lithium Minerals Expands Ascotan Project by Staking New Mining Concessions

08:53 AM EDT, 08/26/2026 (MT Newswires) -- First Lithium Minerals (FLM.CN) on Wednesday said it staked 900 hectares of new mining concessions at the Ascotan project in Chile. The new claims brings the total land package at the Ascotan project to approximately 6,400 hectares, the company said. First Lithium expects to start a 1,500-meter drilling program at the project in the 2026/27 exploration season, subject to securing capital and obtaining government permits, licenses, and community agreements, it added. "By incorporating new concessions and consolidating properties, we achieve greater flexibility for future exploration activities, which enhances our strategy for scaling the project," said Chief Executive Officer Rob Saltsman.