- Refined Metals (RMC) has been granted the right to acquire the Horizon South Lithium Property
- The property is comprised of 381 unpatented lode mining claims covering 32 sq. km. located in the Big Smoky and Monte Cristo Basins of Esmeralda County, Nevada
- The company intends to explore the property to determine the extent of claystone-hosted lithium mineralization
- Refined Metals (RMC) was down 5.41 per cent, trading at $0.35 per share
Refined Metals (RMC) has been granted the right to acquire the Horizon South Lithium Property.
The property is comprised of 381 unpatented lode mining claims covering 32 sq. km. located in the Big Smoky and Monte Cristo Basins of Esmeralda County, Nevada.
The company intends to explore the property to determine the extent of claystone-hosted lithium mineralization.
Horizon South is near both Pan American Energy Corp.’s (CSE:PNRG) Horizon Lithium Project and American Battery Technology Co.’s (OTCQX:ABML) Tonopah Flats Project.
Refined metals signed a property option agreement with Horizon South Lithium Corp. to gain the property.
The company’s Chief Executive Officer, Aman Parmar, noted that the property is in a highly sought-after region.
“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 programs, which will also help us develop drill targets.”
Refined Metals is a junior mining company dedicated to identifying, evaluating, and acquiring interests in mineral properties in North America.
Refined Metals (RMC) was down 5.41 per cent, trading at $0.35 per share at 1:30 pm ET.