In 2020, US Magnesium became Utah’s first lithium producer, recovering lithium as a byproduct of magnesium production. With the growing demand for lithium batteries, Utah's potential resources have become targets for lithium exploration. Current exploration is focused on brines in the Great Salt Lake Desert (Bonneville Salt Flats and Pilot Valley), the Paradox Basin, and the Great Salt Lake. Recent exploration has also occurred near Green River, Utah.
Division staff are working with several agencies, including the Attorney General’s Office, Utah Trust Lands Administration, the Division of Forestry, Fire and State Lands, the Division of Water Rights, the Division of Environmental Quality, the Utah Geological Survey, and the Bureau of Land Management. The House Natural Resources, Agriculture, and Environment Committee will review the recommendations by their October 2024 interim meeting.
We've certainly got the regulators working behind the scenes to make sure DLE & extraction of minerals is done properly- Anson almost writing the rulebook! Handy having guys like Swenson onboard working with the regulators... another October catalyst- as they write the rules & regs on the industry.
ASN Price at posting:
7.8¢ Sentiment: None Disclosure: Held
