The short answer is no. Water rights in the area are largely controlled by Albermarle, who aren’t going to give it up to a competitor.
American Lithium has been snapping up ranches in the area at a cost of AUD$6m, and it’s got them barely enough water access to get started.
On top of their gold tenements in Oz, RLC have similar sized lithium tenements right next to ours in Tonopah. Their entire market cap is $6m.
Tonopah is nothing more than a marketing exercise for AGY. It shows a bit of geographic diversity on investor presentations. Other than that it’s essentially worthless.
AGY Price at posting:
27.3¢ Sentiment: Buy Disclosure: Held
