The Conversation (0)
Lancaster Resources (CSE:LCR, OTC:LANRF) is an innovative exploration company focused on developing lithium assets in North America. The company intends to be one of the region's first climate-positive lithium producers by implementing a number of innovative technologies and practices. Lancaster Resources leverages solar energy in its production and develops a carbon sequestration process for its operations.
The company will use direct lithium extraction technology, allowing it to recover the majority of lithium from brine deposits with minimal environmental impact.
Lancaster Resources currently plans to acquire a 100-percent interest in Alkali Flat, a lithium brine project which will serve as the company's flagship. Located in the Animas Valley near the town of Lordsburg, the 233-claim property is also transected by Interstate 10. Historic research and geochemical data indicates the presence of anomalous levels of lithium.
Company Highlights
- Demand for lithium could increase by as much as forty times by 2040, driven by electric vehicles and sustainable energy.
- Lancaster Resources, an innovative exploration company with a focus on climate-positive lithium, is well-positioned to help meet growing demand.
- The company has an option to acquire 100-percent ownership in the Alkali Flat Lithium Project, situated in southwestern New Mexico.
- Recognized as the 15th best mining jurisdiction in the world, New Mexico is regarded as the new frontier for lithium exploration in the United States.
- New Mexico also has the benefit of being a hub for renewable energy production, with ample sources of solar, wind and geothermal power.
- The New Mexico State Land Office has a long history of partnering with renewable energy companies and has made roughly nine million acres of land available for lease to support them.
- Lancaster will ensure the Alkali Flat project is climate positive by:
- Using direct lithium extraction, allowing it to restore the majority of groundwater after filtering out the lithium salts.
- Exclusively using renewable energy. The company is currently in discussions with several parties about initiating a solar project alongside its lithium project.
- Employing carbon sequestration as part of its mining and processing operations.
- Lancaster hosts an impressive leadership and technical team which includes multiple geologists with decades of experience alongside recognized financial and legal professionals such as CEO Penny White.
This Lancaster Resources profile is part of a paid investor education campaign.*
LCR:CC
