Lithium Fires Up

High gas prices or a desire to lower one’s carbon footprint, or even a reluctance to further enrich nations in the Middle East, whatever your peeve – lithium-ion shows the way.

Etna Resources (TSX:V: ETN), changed its name to Pan American Lithium Corp on January 12, and announced terms of a $5 million Letter of Understanding with Posco at the open of trading in Toronto.

The deal calls for Posco to complete its due diligence on Etna Resources’ lithium properties within 30 days.

The funding matches the capital Etna would require to control the lithium recovery and all other mineral production in a Phase One development of an exploitable mineral brine recovery at the Cierro Prieto Geothermal Plant, located 30 km south of Mexicali in Baja California, Mexico.

For complete article. click onto Lithium Investing News.