The Tonopah Flats claystone is one of the largest lithium resources in the United States.
The acquisition brings to IPS five well-equipped electric motor, generator, mechanical, switchgear, and circuit breaker service centers in Alberta, Ontario, Arizona, Indiana, and North Carolina.
The filing of a resource estimate in November qualified Power Nickel for 30% more in the project to conclude the earn-in agreement.
Each party will have the right to invest between 25% and 50% in select asset transactions with a value of $30 million or more.
Negotiations resumed this week after the Brazilian government and states rejected the companies' $7.7 billion offer in December.
Equinox bought Premier Gold for the project, located 275 km northeast of Thunder Bay.
The lithium developer recently installed a commercial-scale DLE column at its demonstration plant near El Dorado, Arkansas.
A new report by IDTechEx states that even though investing in e-haul trucks could result in major savings for miners, adoption is still in its nascent stages.
It expects to break ground at its Ewoyaa project, which will be the Ghana’s first lithium mine, later this year.
Gold output hit 45,937 ounces in Q1, up from 39,730 ounces from last year, with a small initial contribution from Mara Rosa, in Brazil.
Project will test new chemical dissolution strategies and purification techniques to produce pure gallium and germanium compounds from waste materials.
