Mineral exploration and development company Clear Sky Lithium has entered into a property option agreement with miner Halo Lithium, pursuant to which it has been granted the right to acquire the Halo project, in Nevada.
The acquisition of the project, which comprises 98 mineral claims, will “significantly broaden [Clear Sky’s] project base in Nevada”, says CEO Patrick Morris.
The Halo project directly borders other projects that have shown lithium enrichment in the area, namely American Lithium’s TLC project and American Battery Metals’ Tonopah Flats project.
“We believe Halo is underlain by the same geologic formation that hosts the TLC deposit, and we feel that this groundbreaking opportunity will allow us to achieve our goal of becoming a major player in the region and, ultimately, a contributor to the lithium supply chain,” Morris says.
Under the terms of the agreement, Clear Sky will pay Halo Lithium $750 000 in three tranches.