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Uranium Resources acquires first lithium property in Nevada

Aug. 24, 2016 7:59 AM ETWestwater Resources, Inc. (WWR) StockBy: Carl Surran, SA News Editor6 Comments
  • Uranium Resources (URRE) +67.4% premarket after saying it has staked 4,600 acres of placer mining claims covering a prospective target for lithium-enriched brines in the Columbus Salt Marsh area of west central Nevada.
  • URRE says the target area is situated within a region of known lithium mineralization and is 27 miles northwest of Albemarle's Clayton Valley/Silver Peak lithium brine mine, the only operating lithium brine recovery operation in the U.S.
  • URRE says the project is "at the epicenter" of lithium brine development, with large battery plants such as Tesla's Gigafactory near Reno and Faraday Motor Works' proposed facility near Las Vegas.

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