The company announced two mineral property purchase agreements near its North Nevada Lithium Project.
The company will purchase 25% of the mineral rights to private lands, comprised of four parcels, totaling 880 acres.
The first round of drilling, completed in October 2022, identified a strongly mineralized zone of lithium bearing clays occupying a strike length of almost 1,620 meters. The 2023 drill program is underway to expand the known lithium-rich clay from the current 1,620 meters strike length to more than 3,500 meters. Initial assay results from the first hole of the 2023 season had a high of 8,070 ppm lithium with an average of 4,067 ppm lithium at a 1,000 ppm cut-off.
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