With this addition of 135,000 acres, the company’s total metallic and industrial minerals claim holdings in the region totals more than 650,000 acres.
Lithium Exploration Group CEO Alex Walsh said the company is also looking to buy some oil and gas assets that would overlay these lands, giving the company rights to the hydrocarbon production and minerals on the same property.
The Valleyview project is targeting lithium, potassium and other minerals for extraction and production from deep oil field brines in the Swan Hills region of west-central Alberta.
US-based Lithium Exploration Group is focused on the acquisition and development potential of lithium brines and other precious metals.
