Business
Nickel Rock Reports on Significant Developments at Clayton Valley
(TheNewswire) January 11, 2021 - TheNewswire - Vancouver, BC, Canada ...
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[{"type":"text","content":"Nickel Rock Reports on Significant Developments at Clayton Valley \n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n January 11, 2021 -\n \n \n TheNewswire -\n \n \n Vancouver, BC, Canada -\n \n \n Nickel Rock Resources Inc.\n \n \n (“the\nCompany”)\n \n \n (\n \n \n TSXV:NICL\n \n \n ) (\n \n \n OT\n \n \n C:\n \n \n NIKLF\n \n \n )\n \n \n reports that\n \n \n Albemarle\n(NYSE:\n \n \n \n ALB\n \n \n \n ), a\nleader in the global specialty chemicals industry, announced on\nJanuary 7\n \n \n th\n \n \n , 2021 plans to expand capacity at their  lithium production\nfacility at Silver Peak, Nevada. A portion of Albemarle’s project\nadjoins 77 placer claims owned 100% by Nickel Rock Resources Inc. Link\nto the property location map here:\n \n \n \n www.nickelrockresources.com Clayton\nValley detail 2020-11-24 image\n \n \n \n .\n \n \n \n \n Albemarle reported it will begin a program to evaluate\nclays and other available Nevada resources for commercial production\nof lithium. Albemarle said that beginning in 2021, the company plans\nto invest $30 million to $50 million to double the current production\nat the Nevada site by 2025, making full use of its brine water rights.\n \n \n \n www.albemarle.com/news/albemarle-announces-expansion-of-nevada-site-to-increase-domestic-production-of-lithium\n \n \n \n .\n \n \n \n \n Additionally, in 2021 Albemarle reported it will\ncommence exploration of clay and evaluate technology that could\naccelerate the viability of lithium production from clay resources in\nthe region.\n \n \n \n \n \"As a leader in the lithium industry, our priority\nis to optimize our world-class resources and production. This includes\nSilver Peak, a site uniquely positioned as the only lithium-producing\nresource in the United States,\" said Eric Norris, Albemarle\nPresident, Lithium. \"This investment in domestic capacity shows\nthat we are committed to looking at the many ways in which Silver Peak\ncan provide domestic support for the growing EV market.\"\n \n \n \n \n The general structure of the producing area in the\nnorth part of the Clayton Valley basin is known from geophysical\nsurveys and drilling to be a graben structure with its most\ndown-dropped portion the east-northeast side of the valley (Zampirro,\n2004).\n \n \n \n \n A similar graben structure has been identified on the\npr...