Sienna Resources Acquires Clayton Valley Deep Basin Lithium Brine Project, Nevada
[Click image to enlarge]
Sienna Resources Inc. has acquired the Clayton Valley Deep Basin Lithium Brine Project.
The project is located directly between and bordering Pure Energy Minerals Limited and Lithium X Energy Corp. The Clayton Valley Deep Basin Lithium Brine Project is located in parts of the deepest sections of the only lithium brine basin with a producing operation in North America (Albemarle’s Silver Peak Mine). Pure Energy Minerals, which owns the Clayton Valley South project, has recently released an inferred resource of 816,000 tons of lithium carbonate equivalent on the Clayton Valley South project.
“We are pleased to be one of the few companies that have property within the only known lithium brine basin with production in North America. Saline brines are higher density than fresh or brackish water and therefore tend to sink. Based on this, management is optimistic regarding this project as we are located in the deeper sections of this basin. Sienna also currently has one of the smaller market caps of the public companies in the Clayton Valley. The lithium space has shown signs of explosive growth recently and shows little to no signs of slowing down. Lithium is one of the few sectors of the market that appeals to both the traditional resource investor and millennials, as Tesla has primarily created a global knowledge for lithium, therefore being a true crossover element. Management plans to commence operations on this new project shortly,” said Jason Gigliotti, president of Sienna Resources.
Recently Pure Energy Minerals Limited signed a supply agreement with Tesla Motors Inc. to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit.
To stop by Sienna Resources’ website, CLICK HERE
Be in-the-know when you’re on-the-go!
FREE eNews delivery service to your email twice-weekly. With a focus on lead-driven news, our news service will help you develop new business contacts on an on-going basis.
CLICK HERE to register your email address.
Copyright © 2016 Mining Connection LLC. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
For licensing permission, .(JavaScript must be enabled to view this email address)
