About American Lithium Corp. American Lithium is actively engaged in the acquisition, exploration and development of lithium deposits within mining-friendly jurisdictions … Nevada Sunrise is now free to use its water right for mining and milling activities in the Clayton Valley subject to the geographical conditions contained in the Albemarle agreement.Nevada Sunrise has adopted an exploration strategy targeting desert basins that exhibit similar geological and geophysical characteristics to the Clayton Valley basin where lithium brines are known to accumulate in faulted sub-basins, or “traps”. Nevada Sunrise believes that its acquisition of water rights is an important step for any mining and milling activities in the Clayton Valley for itself, or for a exploration partner.In December 2015, Nevada Sunrise received a written appraisal from an independent appraiser certified in the State of Nevada, which valued the Permit at US$1.42 million. Drilling and sampling of the sediments and groundwater in the interpreted basin are the next steps in the exploration process for Jackson Wash. Nevada Sunrise has carried out drilling in the Jackson Wash basin with boreholes over 400 metres deep to test specific structural and stratigraphic targets believed prospective for lithium brine deposits.A drill permit for up to 10 holes over a 2-year period was granted by the BLM in February 2016, and was extended for an additional two years in 2018. Nevada Sunrise has agreed to certain conditions in the Settlement Agreement that excludes drilling of water wells by the Company in certain areas of the Clayton Valley that could impact Albemarle’s lithium brine mining operations at Silver Peak, NV.As a result of Nevada Sunrise and Albemarle signing the Settlement Agreement and a corresponding stipulation with the Nevada State Engineer (the “State Engineer”), the water rights under the Permit now enjoy the same good standing status as when they were first purchased by the Company in March 2016. Currently, the largest known lithium resource in the United States, Thacker Pass has the potential to be a leading low-cost and large scale source of lithium production.Lithium Americas Corp. (TSX: LAC, NYSE: LAC) is advancing the Cauchari-Olaroz lithium brine project under construction in Jujuy, Argentina and Thacker Pass lithium project in Nevada, USA to production. Pre-feasibility study (PFS) of the two-phased project was completed in 2018. These rocks provide the source of lithium for trapped, lithium-rich saline ground-waters (brine) within the sub-basins.Previous ground gravity surveys in the Lida Valley area were widely-spaced and limited in scope, however in 2012 and 2013 a geological research team led by Dr. John Oldow of the University of Texas, Dallas collected approximately 500 gravity measurements along 7 transects crossing the Lida Valley. Clayton Valley Lithium Project, Nevada location map. Lithium Americas is a Canadian-based company listed on both the Toronto Stock Exchange (TSX) and New York Stock Exchange (NYSE) under the ticker symbol LAC. We are the dominant land holder in AN exciting NEW Nevada SEDIMENTARY lithium project. Lithium Corporation A junior mining company focused on creating shareholder value through the discovery and development of lithium and related mineral resources. The Company’s existing Permit, senior to many of Albemarle’s own water permits, is the only remaining appropriation of groundwater in the Clayton Valley that is potentially available for a lithium brine extraction operation using a modern, efficient method that consumes low amounts of water.On December 1, 2016, Nevada Sunrise learned that the State Engineer’s office of the NDWR had issued a ruling of forfeiture (the “Ruling”) against the Company’s water right in the Clayton Valley of Nevada. Eng., and Robert M. Allender, Jr., CPG, RG, SME, are the Company’s designated Qualified Persons within the meaning of NI 43-101 and each have reviewed and approved the technical information contained herein. Lithium production … American Lithium currently holds a significant land position within 3-4 hours drive of the Tesla … Construction has been temporarily suspended as of March 20, 2020; currently assessing impact of COVID-19 on the schedule.In Nevada, Lithium Americas’ is focused on developing the 100%-owned Thacker Pass project. Fish Lake Valley. The agreement was a non-arm’s length transaction under TSXV policies. Exploration and development by Cypress has discovered an extensive deposit of lithium-bearing claystone adjacent to the brine field to the east and … The company has acquired 100% ownership of fifty-six (56) mining titles totaling 7,840 acres in the James Bay region of Northern Quebec, Canada. The conductive layers and zones are indicative of brine solutions in porous aquifers and traps within each sub-basin.Drilling into the conductive zones within the sub-basins for lithium-bearing brines is recommended as the next step of exploration. Cypress' flagship Clayton Valley Lithium Project is located immediately east of Albemarle's Silver Peak mine, North America's only lithium brine operation, which has been in continuous operation since 1966.
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