https://newsletter.mw.creamermedia.com
Energy|Exploration|Resources|Maintenance
Energy|Exploration|Resources|Maintenance
energy|exploration|resources|maintenance

Ameriwest reduces land holdings

9th September 2024

By: Creamer Media Reporter

     

Font size: - +

Exploration company Ameriwest Lithium has announced steps to reduce its property portfolio, citing low lithium prices, poor equity markets for lithium explorers and increasing regulatory costs.

According to the company, the Bureau of Land Management has increased the claim maintenance fee from $165 to $200 a claim for the 2025 assessment year.

“Management has made the decision to reduce our land holdings and associated costs to focus on our Thompson Valley property, in Arizona, which we believe holds the company’s best exploration target,” said president and CEO David Watkinson.

Going forward, the company’s properties will consist of Thompson Creek, as well as Railroad Valley and Deer Musk East, both in Nevada.

The company allowed its other claims in Nevada to expire without renewal on September 3.

Ameriwest last week signed a letter of intent to option its Railroad Valley property to Pure Energy Minerals. Pure Energy, which is listed on the TSX-V, can earn up to an 85% interest in the property by completing $1.7-million in cash and share payments and $3.5-million in exploration expenditures over a six-year period.

Watkinson explained Ameriwest retained ten strategic lithium clay/brine exploration claims in Clayton Valley, at Deer Musk East, adjacent to Spearmint Resources’ McGee Lithium property, which hosts a lithium carbonate mineral resource.

Edited by Creamer Media Reporter

Comments

Latest Multimedia

Photo of Martin Creamer
On-The-Air (04/10/2024)
Updated 3 hours ago By: Martin Creamer

Showroom

Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 
Lion Alcolmeter® 700
Alco-Safe

Developed to exceed the latest EN 15964 standards for police breathalysers proving that it will remain accurate and reliable for many years to come.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 04 October 2024
Magazine round up | 04 October 2024
4th October 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.136 0.214s - 144pq - 2rq
Subscribe Now