The alliance will allow for a free flow of information, data, concepts, and techniques to be shared between the companies for their mutual benefit and to guide joint exploration efforts. This alliance is not a partnership unless a prospective property is identified and both parties agree to a form 50-50 joint venture to explore that specific property.
IDAH President Lane Griffin stated, “The increased interest in lithium, close proximity to one of the world’s largest battery plants in Reno and the only active American lithium mine near Tonopah, makes this a logical business opportunity for our company. Our focus and experience has been in Nevada and this alliance fits our objective of building shareholder value through the creative acquisition of superior mineral properties.”
