Canadian company is focused on unlocking the value of existing large-scale US based lithium bearing brine resources that can be brought into production quickly.
The US Bureau of Land Management has announced plans to allow increased mining on land that once belonged to two national monuments Donald Trump shrank.
Holland said the company has made every effort to avoid the drastic move, but said the choice was now between that and serious risk to the future of South Deep and its many stakeholders.
The project is made up of five contiguous exploration permits and has a historic gold production of around 40,000 ounces of gold, mined between 1985 and 1996.
The $87.5-million deal is the latest Chinese acquisition of a lithium project in South America, following Tianqi Lithium’s decision to buy 24% of SQM for $4.1 billion, which has not yet been approved by Chile’s antitrust regulator.
