Refined Metals Corp acquires lithium property in Nevada

The property is adjacent to Pan American Energy Corp’s Horizon Lithium project, which is permitted to drill 22 holes in the coming months. Nearby is American Battery Technology’s Tonopah Flats project, which is a recipient of the DOE Bipartisan Infrastructure Law grant for US$10 million to develop a commercial processing facility for lithium hydroxide. Additionally, General Motors announced intentions to invest US$650 million in Lithium Americas which hosts the TLC deposit in the region. There continues to be active consolidation in the region with significant support from the government for development, including a US$700 million loan for Ioneer’s Rhyolite Ridge project.

Aman Parmar, Chief Executive Officer, commented:

“The property is in a highly sought after region and we are tremendously excited to acquire a property in such a high calibre neighbourhood. Nevada and the Tonopah jurisdiction are getting incredible support from federal, state, and county governments and have also emerged as leaders in lithium exploration and development. This has led to the increased interest in domestic lithium that has been driven by the electric vehicle and battery storage markets. The agreement presents the company with the ability to begin advancing the property with exploration programmes, which will also help us develop drill targets.”

Read the article online at: https://www.globalminingreview.com/mining/09022023/refined-metals-corp-acquires-lithium-property-in-nevada/