Clayton Valley Forks Li Project

Overview:

The company has an option to acquire 100% of the Clayton Valley Fork Li Project located in the Clayton Valley area of Nevada, USA. The project is a lithium brine property located in the Clayton Valley which hosts the Albemarle Corporation’s Silver Peak Lithium Mine. The mine has been in operation since 1967 and is the only lithium carbonate producer in North America.

The area has become a hotbed of lithium brine exploration activity that has been spurred on by the growing interest in lithium deposits. The demand for lithium has increased largely in part due to the growing success of Tesla Motors and need for lithium in the rechargeable lithium-ion batteries.

Location:

The project is located on the west side of Clayton Valley in Esmeralda County in Nevada, about 12 kilometres southeast of the Silver Peak Lithium Mine and lithium carbonate operations.

Clayton Valley Forks Li Project Map - Click to enlarge

Clayton Valley is in a centralized location of Nevada with highway access, power infrastructure, water and local labour. The project is approximately 265 kilometres south of Tesla Motors’ Gigafactory and 290 kilometers northwest of Las Vegas, future site of the Faraday Electric Car Factory.

Nevada Building a Future for Green Energy Manufacturing:

The Nevada government is actively embracing the lithium energy market and future ventures. In March 2016 the Nevada Board gave final approval to the Faraday Futures $1 Billion dollar electric car factory in North Las Vegas. Once this plant is operating it is estimated that it will create over 4500 jobs for the area. Tesla Motors received over $1.25 Billion in tax incentives from the Nevada government to start up their $5 billion Giga-factory in Reno, Nevada. The Nevada government is backing the new growth in the lithium-ion battery and electric car market. Future projected market growth will also increase the need for lithium-ion batteries. At present, the Clayton Valley area produces 4% of the world’s Lithium Carbonate production.

Regional Map Showing Clayton Valley with Respect to Tesla and Faraday - Click to enlarge

Geology:

Lithium brine deposits tend to be in areas of saline groundwater accumulation that can be enriched in dissolved lithium and other elements. Producing brine deposits tend to be in closed basins and arid regions with a lithium content of 200-1,400 mg/l.

The mining process generally pumps lithium rich brines to surface where they are concentrated by evaporation in ponds. The concentrated lithium products are further processed in a chemical plant to produce end products such as lithium carbonate and lithium metals.

Characteristics of producing lithium brine deposits as described in the USGS Open-File Report 2013-1006, “ A Preliminary Deposit Model for Lithium Deposits” (Bradley, et al. 2013)

  • arid climate
  • closed basin
  • tectonic subsidence
  • associated igneous or geothermal activity
  • lithium source-rocks
  • adequate aquifers
  • time to concentrate a brine

Click to enlarge

Quick Facts

  • Option to acquire 100% of a strategic lithium project
  • Project is situated in the Clayton Valley area of Nevada
  • Clayton Valley hosts North America's largest Lithium Carbonate production operations derived from Lithium Brines
  • Objective to develop an economic lithium brine project
  • Due diligence under way/exploration planning in progress