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Olemedia/E+ through Getty Photographs
Normal Lithium (NYSE:SLI) +4.9% pre-market Wednesday after saying it drilled and sampled a brand new highest confirmed lithium grade brine, measuring 806 mg/L, in its Smackover enlargement efforts in east Texas.
Normal Lithium (SLI) additionally stated brine analyses from all three of its new wells in east Texas present extremely elevated concentrations of potash and bromine, signifying a big potential for these commodities.
The corporate stated the drilling work and continued useful resource analysis are from areas the place it has secured the rights to all minerals contained within the brine.
“With a brand new confirmed lithium evaluation of 806 mg/L and a mean grade of 644 mg/L in our drilled space, we consider that we now have recognized a globally vital lithium brine asset,” President and COO Andy Robinson stated.
The Smackover Formation represents North America’s premier lithium brine asset, with grades akin to sure sources in South America.
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