Battery Minerals Resources California authorised to drill at four exploration sites on mining claims adjacent to designated roads
The Bureau of Land Management today issued a Finding of No Significant Impact for the Panamint Valley Lithium Exploration Project in Inyo County, north of Trona. This authorizes Battery Minerals Resources California Inc. to drill at four exploration sites on mining claims adjacent to designated roads.
Battery Minerals Resources California Inc. will attempt to locate lithium, which is a critical mineral on the list of 35 Minerals Deemed Critical to U.S. National Security and the Economy. “Critical minerals” are identified as essential to the economic and national security of the United States, the supply chain of which is vulnerable to disruption, and that serves essential functions in the manufacturing of products.
In June, the Trump Administration released, “A Federal Strategy to Ensure a Reliable Supply of Critical Minerals,” to make America’s economy and defense more secure. The strategy directs the U.S. Department of the Interior (DOI) to locate domestic supplies of those minerals, ensure access to information necessary for the study and production of minerals, and expedite permitting for minerals projects. This project is consistent with the strategy and with Executive and Secretary’s orders for critical mineral commodities by attempting to locate lithium from federal lands.
Lithium has a number of uses but one of the most valuable is as a component of high energy-density rechargeable lithium-ion batteries. Lithium consumption for batteries has increased significantly in recent years because rechargeable lithium batteries are used extensively in the growing market for portable electronic devices and in electric tools, electric vehicles, and grid storage applications. Lithium supply security has become a top priority for technology companies in the United States and Asia. The United States is not a major producer at present but has significant lithium resources.
Public comments on the Environmental Assessment for the Panamint Valley Lithium Exploration Project closed April 15.
Source: Company Press Release