Silver Valley Metals has announced the recommencement of exploration at its Mexi-Can Potash-Lithium Project in Mexico. The company outlined a phased work plan including metallurgical studies, auger drilling, and geophysical surveys to expand its existing inferred resource of lithium and potash.
Silver Valley Metals has resolved legal challenges regarding the Mexican Lithium Decree, with the Supreme Court ruling that the company's existing concessions remain unaffected. Consequently, the company is preparing to resume exploration at the Mexi-Can Sulphate of Potash and Lithium Project.
Silver Valley Metals provided a corporate update covering its MexiCan Lithium-Potassium Project and the Ranger-Page silver-zinc-lead project. The company highlighted an inferred resource of 12.3Mt of Potassium Sulphate and 243,000 tonnes of LCE in Mexico, alongside recent trenching discoveries at its Idaho project.
Silver Valley Metals is in discussions with Mexico's national lithium company, LitioMX, regarding a potential partnership to explore and produce lithium at the MexiCan Project. The project contains an inferred resource of 243,000 tonnes of lithium carbonate equivalent (LCE) and 12.3 million tonnes of potassium sulphate.
