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Utah Brine Project Lithium-Potash Brine JV

Sector: Fertilizers • Location: Utah, United States

Source: Business News

Project
Planned

Neometals Limited has acquired a 51% controlling stake in Utah Brine Corporation, a joint venture with Omaha Value Inc, to evaluate a lithium and potash brine opportunity in the Paradox Basin, Utah, USA. The project involves exclusive access to 24 inactive oil and gas wells for sampling and test work, with plans for hydrogeological and metallurgical programs, including direct lithium extraction. N

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The project “Utah Brine Project Lithium-Potash Brine JV” is an infrastructure initiative in the Fertilizers sector, located in Utah, United States. Taiyo aggregates data on it from Business News.

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Description

Description

Neometals Limited has acquired a 51% controlling stake in Utah Brine Corporation, a joint venture with Omaha Value Inc, to evaluate a lithium and potash brine opportunity in the Paradox Basin, Utah, USA. The project involves exclusive access to 24 inactive oil and gas wells for sampling and test work, with plans for hydrogeological and metallurgical programs, including direct lithium extraction. Neometals will fund up to US$2 million over three years for project evaluation and development milestones.

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