MAX Power Mining Corp. has announced its strategic entry into the American lithium sector with the acquisition of a district scale opportunity targeting lithium-rich brines and/or claystones in the 50 sq mileWillcox Playa in Cochise County, Arizona, approximately 200 miles southeast of Phoenix.
Highlights:
- The US Geological Survey (USGS), after completing some limited drilling at the Willcox Playa in the 1970’s, historically referenced this area as one of the most prospective locations for lithium in the Western United States, similar in its potential to Clayton Valley,
- Nevada, and the lithium brine and claystone deposits that have been identified there.
Decades of US Air Force activity in the Willcox Playa has ended, with MAX benefiting from first-mover advantage and securing three well-situated blocks totaling 3754 acres mostly leased from the state of Arizona. - The area is surrounded by excellent infrastructure including rail, roads and services in the nearby town of Willcox.
- Mr. Rav Mlait, CEO of MAX Power, commented: “This strategic move into the United States is another way of differentiating MAX in the growing lithium space in combination with our initiative in northern Quebec where we are the forefront of a highly targeted drive to discover entirely new high-grade lithium camps.”
Mr. Mlait added, “With an American division and a Canadian division, our view is that we will be able to grow our shareholder base exponentially in 2023 while delivering brisk year-round news flow. Each division will have its own niches in the lithium space, allowing MAX to appeal to very specific audiences in North America, and in each case, this includes quality exploration opportunities that provide potential high impact discovery leverage for investors. In addition, this structure provides for the potential of various strategic corporate options to further build shareholder value including a spinout of certain assets if the opportunity arises.”