Blue Thunder Mining, an exploration company, announced on Thursday that it has acquired a lithium exploration project in Nevada and is currently in advanced discussions for additional lithium projects in Quebec. This move is part of the company’s recent shift to concentrate on critical metals.
The Nevada project obtained by Blue Thunder Mining consists of 85 U.S. federal mineral lode claims, covering approximately 1,683 acres and owned by GGL Resources. These claims are part of a larger claim block that is currently being explored for vein gold and porphyry copper-molybdenum mineralization.
In exchange for the right to explore and develop lithium mineralization, Blue Thunder Mining has agreed to cover the annual claim fees and pay a 2% net smelter return royalty to GGL in the event of future lithium production.
Dorian Nicol, Chief Executive of Blue Thunder Mining, stated that the company plans to make further acquisitions and expects to unveil additional lithium projects in Quebec in the near future.
Earlier this month, Blue Thunder Mining faced unexpected logistical delays, which resulted in the cancellation of a planned deal to merge with Analog Gold. However, Blue Thunder Mining swiftly rebounded by agreeing to purchase a collection of exploration properties in Canada’s Yukon territory. These properties hold promising targets for copper, cobalt, tin, and tungsten – metals that are considered critical by both Canada and the U.S. as they aim to safeguard reliable domestic supplies.
