Cobre Montana (ASX:CXB) has exercised its option to purchase a lithium exploration license near Ravensthorpe in Western Australia. This represents Cobre Montana’s fifth investment in lithium in the state.

As quoted in the press release:

The license area contains a significant proportion of the Cocanarup Pegmatite Field which hosts lithium and rare metals and forms part of a geological suite hosting the nearby Mt Cattlin lithium/tantalum project, owned by Galaxy Resources (ASX:GXY) and recently subject to an option to purchase by General Mining (ASX:GMM).

Click here to read the Cobre Montana (ASX:CXB) press release