Exclusive: No Lithium Without Water - Canter Resources Obtains Water Permits Advancing Columbus Lithium-Boron Project
Portfolio Pulse from Melanie Schaffer
Canter Resources Corp. (OTC:CNRCF) has received approval for water permits from the Nevada Division of Water Rights, allowing the appropriation of 2,235.64 acre-feet of groundwater annually for its Columbus Lithium-Boron Project in Nevada. This development is crucial for the project's advancement, especially given the region's water access challenges. Lithium is a key component in EV batteries, and the demand for it is growing with the rise of sustainable transportation. Canter Resources plans to begin Phase 1 drilling in the first quarter of 2024.
December 14, 2023 | 12:00 pm
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Canter Resources Corp. has obtained crucial water permits for its Columbus Lithium-Boron Project, which is essential for the project's progression and the company's lithium exploration efforts.
The approval of water permits is a significant regulatory milestone for Canter Resources, directly impacting the company's ability to proceed with its lithium project. Given the importance of lithium for EV batteries and the increasing demand for sustainable transportation, this news is likely to be viewed positively by investors. The announcement indicates progress in the company's operations and may lead to increased investor confidence in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100