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Supersaturated: Prima Aquires High-Grade Lithium Project In Utah

Published 02/18/2016, 08:31 AM
Updated 07/09/2023, 06:31 AM
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Today, mining analyst Stephan Bogner from Rockstone Research published an initiating coverage on Prima Diamond Corp. (TSX.V: PMD) as the company announced material news earlier today to acquire the Green Energy Lithium Project in Utah, USA. Historic well drilling showed extremely high lithium grades of 1,700 mg/L, with brines reaching the surface under the natural pressure of the aquifer (i.e. without pumps). Such a lithium grade would be 6 times more than one of Albemarle Corp's (N:ALB) best past wells in Nevada (~310 mg/L) and 17 times more than Pure Energy Minerals Ltd's (TO:PE) average resource grade (~102 mg/L).

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