Columbus Basin

Canter Samples 430 ppm Lithium, Acquires Historical Third-Party Data and Completes Data Integration at Columbus

Retrieved on: 
Montag, März 18, 2024

Reprocessing of historical gravity data, incorporating data from both regional and property-specific surveys, has identified a prominent gravity anomaly within the basin.

Key Points: 
  • Reprocessing of historical gravity data, incorporating data from both regional and property-specific surveys, has identified a prominent gravity anomaly within the basin.
  • Canter Resources has also integrated airborne magnetic and radiometric data from the USGS - DOE collaboration.
  • This data, underpinned by a comprehensive reinterpretation by Wright Geophysics, has highlighted the intricate structural dynamics at play within the Columbus Basin.
  • All historical results quoted herein are based on historical data and reports obtained and prepared by previous operators.

Canter Resources Receives NOI Approval and Exploration Well Permit for the Columbus Lithium-Boron Project

Retrieved on: 
Mittwoch, März 6, 2024

The Company has also received its permit from the Nevada Division of Minerals for its initial exploration well at the Columbus Lithium-Boron Project ("Columbus") located near Tonopah, Nevada.

Key Points: 
  • The Company has also received its permit from the Nevada Division of Minerals for its initial exploration well at the Columbus Lithium-Boron Project ("Columbus") located near Tonopah, Nevada.
  • "With our permits and approved NOI in place at Columbus we have reached another key milestone and are now in position to finalize our engagements with contractors and ramp up field activities," stated Joness Lang, CEO of Canter.
  • These regulatory milestones pave the way for Canter to launch its Phase I exploration program, designed to rapidly assess the lithium and boron mineral resource potential within the Columbus Basin.
  • Dirt work will commence concurrently with drill site preparation for the Company's first exploration well.

As Lithium Demand Continues to Rise, the Lithium Market Projected to Reach $6.4 Billion By 2028

Retrieved on: 
Dienstag, Februar 6, 2024

The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.

Key Points: 
  • The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.
  • Furthermore, consumer electronics like watches, toys, and remote controls mainly use lithium metal batteries where lithium metal is used as an anode material.
  • Thus, the increasing demand for lithium metal batteries is expected to enhance the market for lithium metal during the forecast period.
  • A recent report from MarketsAndMarkets said that the lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a cagr 20.4% from 2023 to 2028.

Canter Advances Drill Plan and Submits Notice of Intent for Columbus Lithium-Boron Project

Retrieved on: 
Dienstag, Februar 6, 2024

The field trip also included reconnaissance sampling at Columbus and the identification of a potential local gravel source that is expected to reduce road and drill site preparation costs for Phase I drilling.

Key Points: 
  • The field trip also included reconnaissance sampling at Columbus and the identification of a potential local gravel source that is expected to reduce road and drill site preparation costs for Phase I drilling.
  • The Company is advancing its exploration within the Columbus Basin by deploying a comprehensive auger sampling grid (see Figure 1).
  • Building upon these shallow and intermediate exploration phases, Canter is considering the integration of Ambient Noise Tomography (ANT) into its geophysical exploration program.
  • By employing this integrated, multi-depth approach, Canter aims to thoroughly evaluate the Columbus Basin's potential across a spectrum of geological strata, from near-surface to deep-seated brine reservoirs.