The Conversation (0)
A recent article in investorintel.com highlighted Nevada Energy Metals (TSXV:BFF) and their acquisition and exploration of lithium brine projects in the world-class mining jurisdiction of Nevada.
A recent article in investorintel.com highlighted Nevada Energy Metals (TSXV:BFF) and their acquisition and exploration of lithium brine projects in the world-class mining jurisdiction of Nevada.
As quoted in the article:
Nevada Energy Metals (TSXV: BFF | OTC: SSMLF) website includes two questions: “Why Nevada?” is one. The second is “Why Lithium?”. Well, we know the answer to the second. The first also, probably, but just in case you need to know, the answer is that Nevada, according to the company, is the US state that is “becoming a hub for manufacturing for energy storage, clean energy and greener transportation that could one day be as important as silicon”.
This is background to the announcement this week by Nevada Energy Metals that it has acquired 60 claims (covering 484 hectares) in Clayton Valley, located in Esmeralda Country, Nevada. This acquisition, known as the Clayton Valley BFF-1 Lithium Project, lies just 250 metres from Albermarle Corporation’s Silver Peak lithium mine and brine processing operations. Nevada Energy Metal’s new ground is also near that area where Pure Energy Minerals (TSXV: PE) has a 816,000 tonnes inferred resource of lithium carbonate equivalent.
Clayton Valley is one of the few locations globally known to contain commercial grade lithium-enriched brine. The aquifer system is host to those brines which are contained by the surrounding rock. Exploration will begin in the autumn/fall.
The company, answering the question “Why Nevada?”, says the state (being home to North America’s only brine-based producing lithium operation) is now (along with the gigafactory) being seen as a “lithium hub”, and likens the land grab going on there as similar to California’s gold rush.
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