Lithium Australia ups stake in Mexican Lithium clay play

https://thewest.com.au/business/public-companies/lithium-australia-ups-stake-in-mexican-lithium-clay-play-ng-b88424945z

Lithium Australia have increased their interest in the Electra Lithium clays joint venture in Mexico ahead of a 3,000m drilling program scheduled to begin next week.

The aggressively expanding Perth-based developer of Lithium extraction technologies announced this week they had boosted their stake in the Electra joint venture from 25% to 49% under the earn-in terms with TSX-listed Alix Resources.

Electra is on the southern boundary of Bacanora Minerals’ Sonora project, a giant Lithium clays project that grabbed headlines in 2015 with the signing of a major off-take agreement with revered electric car manufacturer Tesla.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s