The Canadian company Silver Valley Metals Corp. announced that There is progress in negotiations with the state company LitioMx to form a company that will allow the exploitation of the lithium and potassium deposits identified in Zacatecas and San Luis Potosí.

According to the information made public by the company, the negotiation concerns only in the lithium component of depositsthat represent a calculated resource of 243 thousand tons of lithium carbonate at an average depth of only five meters.

The project is the second most advanced in Mexico for the extraction of lithium “and remains open to significant expansion through further exploration work.”

Silver Valley has been in talks with LitioMX for a few months and recently had a meeting with executives in Mexico City.

Brandon Rook, CEO of Silver Valley Metals, said, “The relationship that is being built between LitioMX and Silver Valley Metals shares a vision to build the project sustainably with a focus on clean extraction technologyas well as strong and transparent governance that will be key to our future success.

He said wait for it said partnership agreement is finalized and “moving forward with this exciting project.”

As stated in this media, there are 15 exploration projects led mainly by companies from Canada and Englandin the region of Zacatecas and San Luis Potosí where there are salt pans containing said mineral.

According to Ministry of the Economy records, Canadians Advance Lithium Corp. and Silver Valley Metal Corp. (formerly Organimax Nutient Org), They have concessions granted under the previous federal administration.

Jointly, The companies are developing four projects in the territory of Zacatecan for the exploration of lithium, potassium and boron, called Las Casas, El Barril, Agrito and Laguna Larga, in municipalities like PAmfilo Natera, Villa de Cos and Villa González Ortega. Sharing the territory with San Luis Potosí, the same companies have the Saldívar, La Doncella, Colorada and Caligüey projects.

Recently, Rodrigo Castañeda Miranda, Zacatecas State Secretary of Economy, said in El Sol de Zacatecas that “this blessing” of having lithium and other minerals, has attracted companies that already have concessionss “and they are adapting to the new mining law which allows public-private association”.

He added that With this activity, the economy would be exploded in the municipalities with lithiumstrengthen the articulation of sectors and generate tax revenue for the economic units inherent in the sector that are being created.