Canadian International Minerals Submits Application for Alberta Lithium Brine Permits

Canadian International Minerals (TSXV:CIN) has submitted its Metallic and Industrial Minerals permits in northern Alberta for its project to be known as the Leduc property.
As quoted in the press release:

The Leduc applications cover large portions of saline formation water aquifers which contain elevated and potentially economic concentrations of lithium (Li), potassium (K), boron (B), bromine (Br), calcium (Ca), magnesium (Mg), and sodium (Na). These aquifers are spatially associated with oil and gas fields which are host to a number of producing, suspended, and abandoned wells.
A total of 7 permit applications were submitted, covering a total area of approximately 64,512 hectares (159,412 acres). The Company expects the applications to be successfully approved within the next 6-8 weeks, but cautions readers that no permits have been granted at this time. The applications were submitted in conjunction with the Company’s prospecting partners. There will be no cash or share consideration, though the Leduc permits will be subject to a 2% Gross Overriding Royalty.

Click here for the full press release.