Neometals Lithium Brine Project in Utah’s Paradox Basin

planned

Neometals has obtained a 60-day exclusive right to evaluate dormant oil and gas wells in Utah’s Paradox Basin to assess lithium and potassium-rich brines. The project leverages existing infrastructure such as wells and pipelines owned by partners like American Helium and Ascent Resources to reduce exploration time and costs. The initiative aims to transform a legacy oil and gas region into a cost-effective lithium resource development site, with potential for future drilling, extraction, and processing facilities if viable resources are confirmed.