Continue to rapidly advance the first commercial project proposed for the Lanxess facility; Accelerate and expand the Company's development of the South West Arkansas Lithium Project; Continue to develop and commercialise modern lithium extraction and processing technologies and work collaboratively with Koch Engineered Solutions ("KES") businesses; and, Allow for strategic project expansion.
The Company, along with several Koch Industries subsidiaries, is also exploring opportunities to work collaboratively in several key areas. These potentially include working with KES which provides key process equipment, engineering, procurement, and construction services; as well as Koch Minerals & Trading which is involved in the trading of many of the materials that will be required by the Company in the future, as well as the lithium products it intends to produce.
American Lithium Corp. (otcqb:LIACF) /zigman2/quotes/207915256/delayed CA:LI -7.77% recently announced that initial exploration drilling has been launched at TLC North (Big Smoky acquisition land) near Tonopah Nevada. Initial drilling has successfully drilled thick intersections (up to 96.9 m / 318 ft) of lithium-bearing claystone.
A drone magnetic geophysical survey is also being flown across a large portion of the TLC project area to provide detailed geophysical information as the Company finalizes the precise positioning of drill collars for its next phase of development drilling under its Plan of Operations filed in January 2021 and expected to receive final approval in mid-late December 2021.
Neo Lithium Corp. (otcqx:NTTHF) recently announced positive results of a National Instrument 43-101 Feasibility Study (“FS”) for the production of lithium carbonate from its wholly owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina.
The Technical Report, which is currently on QP review stage, was prepared by Worley, a leading global provider of professional project and asset services in the energy, chemicals and resources sectors with extensive experience in the design and construction of some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina. The resource and reserve estimate were completed by brine resource and reserve experts Groundwater Insight Inc. (“Groundwater”).
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