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Arizona Lithium clears Big Sandy issues

1st March 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – ASX-listed Arizona Lithium has reached a settlement with Aim-listed Bradda Head Lithium over a claims dispute at the Big Sandy lithium project, in Arizona.

The claims dispute spans back to 2021 and concerns certain federal unpatented mining claims located in Mohave county.

Arizona Lithium on Wednesday said that the two companies had now reached a mutually agreeable claim exchange in lieu of litigation or further dispute resolution proceedings, which would enable both parties to proceed with the development of their respective lithium projects in the year.

Under the agreement, Bradda Head would transfer 55 federal lode unpatented mining claims to Arizona Lithium, while Arizona Lithium would transfer 66 federal lode unpatented mining claims to the other company.

Arizona Lithium told shareholders that the transfer of these claims would have no material effect on the development of its Big Sandy lithium project.

Edited by Creamer Media Reporter

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