Advance Lithium and Litiomx are in discussion to establish a joint venture

Advance Lithium is in talks to form a joint venture with LitioMx, the national lithium company of Mexico.

The move is anticipated to aid Mexico’s efforts to become a lithium mining nation.

Advance Lithium, which owns lithium and potassium salars/salt lakes in central Mexico, has the legal right to extract lithium and potassium from its salars using a particular method.

The method of water extraction, which uses little energy that could be provided by solar power, can produce water that can be recycled and used repeatedly.

Advance Lithium stated that a facility is being constructed in Zacatecas, Mexico, to demonstrate the unique method of lithium and potassium extraction from salars.

The facility is being built by a team of metallurgists working for key Mexican mining firms who are constructing and operating production facilities.

Advance Lithium president and CEO Allan Barry Laboucan said that two large vehicle manufacturing companies plan to build battery manufacturing facilities in Mexico, one of which is planned to be located in the state of San Luis Potosi in close proximity to the salars.


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