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Silver Valley Metals Considers Strategic Alternatives for Its Lithium and Sulphate of Potash (SOP) Deposits in Zacatecas, Mexico
Inferred Resource contains 243,000 tonnes of lithium carbonate equivalent (LCE) and 12.3Mt of...
About this update from Silver Valley Metals Corp
[{"type":"text","content":"Silver Valley Metals Considers Strategic Alternatives for Its Lithium and Sulphate of Potash (SOP) Deposits in Zacatecas, MexicoInferred Resource contains 243,000 tonnes of lithium carbonate equivalent (LCE) and 12.3Mt of Sulphate of Potash (\"SOP\")Today's price for 1 tonne of lithium carbonate (LCE) in CAD$ is $37,855.001Today's price for 1 tonne of SOP in CAD$ ranges from $600.00 to $1,000.001Significant upside for expansion as the basin has not been determined and the brine potential remains untested, majority of resource tested from surface to only 5m in depthContinuous high grade lithium portion at one of three salars, containing 7Mt @ 1,490 ppm Li within 20Mt @ 880 ppm Li - perimeter and depth of deposit largely untested Maiden Mineral Resource Estimate (NI 43-101 compliant by SRK, 2019) of 120Mt of Inferred Mineral Resources grading 4.6% potassium (K) and 380ppm lithium (Li) 1 Price sources: November 10, 2021 - tradingeconomics.comVancouver, British Columbia--(Newsfile Corp. - November 10, 2021) - Silver Valley Metals Corp. (TSXV: SILV) (FSE: L3UA) (OTC Pink: BNRJF) (\"Silver Valley Metals\" or \"the Company\")  is pleased to provide an update regarding its 100% owned Lithium - Sulphate of Potash project (\"the Mexico Project\") in Zacatecas, Mexico. In consideration of the Company's primary focus in the precious metals sector and the developments of a strong and robust market in the lithium and potash sector, the Board of Directors are considering all options to advance its prospective Mexico Project in order to maximize shareholder value. The Company's considerations include various alternatives, including joint venture; option; outright sale; or a spin-out into a newly listed company where all shareholders would receive a share or partial share and Silver Valley Metals would retain a certain percentage of the new publicly traded entity. The Company is advancing its discussions at this point on the various possible alternatives and anticipates deciding on the best way to advance the Mexican Project sometime in 2021. The Company maintains that the asset has tremendous upside to develop into a significant dual commodity lithium - potash (SOP) producing deposit that would be highly strategic for the country of Mexico considering all potash is currently imported.Highlights of the Project:Inferred Resource contains 243...