It is possible to unplug historic oil wells and access the aquifers below if deemed profitable with today's technology and going resource prices.
https://hb-resources.com/why-do-companies-plug-oil-wells/
Not sure about the permits though, one would think so as there is no reference to them in the quarterly activities report. However, don't quote me
Also, to point out, "only two holes within 1km of the south end of the ULI Project (Long Canyon No.1 and Robert’s Well) were analyzed and identified lithium values of up to 1,700ppm in samples taken from Clastic Zone #31."
I don't know about you all, but that's really impressive for only two holes. Maybe as exploration continues, we might see high grades continue around the immediate area or even potentially higher. As mentioned in quarterly, the "brines in Clastic Zone #31 are under higher pressure (4,953 PSI which is approximately double the expected pressure) and at a higher temperature than would normally be expected (140 F compared to 100 F)."
Let's hope today we see an increase in share price
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