Macarthur Minerals Acquires Lithium Project in Nevada Lithium Supply Hub

Macarthur Minerals (TSXV:MMS) is pleased to announce that it has entered the United States lithium supply sector through an agreement to acquire the Stonewall Project in Nevada, which is prospective for lithium (“Stonewall Project”). The Stonewall Project covers an area of approximately 5,700 acres (23 km²) and the majority of a Salt Lake Playa in Nevada’s Lida Valley Basin, the adjacent basin to the Clayton Valley Basin, which hosts the United States’ only producing lithium mine. The Stonewall Project is considered essentially “drill ready” and a United States mineral exploration company is being engaged to undertake a shallow drilling program for due diligence purposes.
David Taplin, President, CEO and Director of Macarthur Minerals commented:
“Acquisition of the Stonewall Project located in Nevada is an exciting opportunity for Macarthur Minerals as its entry into the United States lithium supply market. The Stonewall Project is strategically located 306 kilometres from Tesla’s Gigafactory in Nevada and is 48 kilometres from Albemarle’s Silver Peak Lithium Mine, the only operating lithium mine in North America. The acquisition adds to Macarthur Minerals’ extensive and highly prospective Western Australian ‘hard rock’ lithium exploration asset portfolio to give the Company a truly global lithium strategy.”
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