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New Sources of Boron Are Being Found in Nevada

June 3, 2024
x min read

New sources of boron production are becoming critically important. And Canter Resources might be on the cusp of discovering one in Nevada.

What’s happening:

  • Canter Resources (CSE: CRC) has announced new assay results that show significant interceptions of both lithium and boron at their flagship Columbus property in Nevada

Why it matters:

By the numbers:

  • The initial assays of sediment and clay from the Columbus property done by Canter Resources showed 3,070 parts per million of boron
  • Initial assays of brine from the Columbus property showed notable boron values of up to 508 milligrams per litre
  • Approximately 85% of the global supply of boron is controlled by just two individual companies, mining giant Rio Tinto (NYSE: RIO) and Turkish state-owned Eti Maden

Going deeper:

  • Canter Resources assays also showed concentrations of both lithium and potassium being present at the Columbus property in Nevada, validating its potential to be a multi commodity project

The intrigue:

  • The claystone deposit of Nevada based lithium exploration company Ioneer (NASDAQ: IONR) has previously shown significant concentration of boron and shares the same volcanic rock source as Canter Resources flagship property


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