Even NLI´s rival LusoRecursos makes some progress ... would be nice to get some news of NLI other projects in Portugal ... why not setup an Instagram channel to inform the shareholders about their progress (like ORE) .... or is there something to hide ?
Luso Recursos requests license to explore lithium in Montalegre
The Portuguese company Luso Recursos requested a license to be granted the lithium exploitation concession in "Sepeda", in an area of 825.4 hectares, located in the parishes of Morgade and Sarraquinhos, Montalegre municipality. The Directorate-General for Energy and Geology gives a deadline of 30 days for the submission of complaints.
The operation of lithium in "Sepeda" promotes "a set of opportunities for the development of the region, with the job offer, and also for the economy of the country," said Orlando Alves, mayor of Montalegre.
Recognizing that the weight of the municipality in the conduct of this process is relatively small, one of the points for which it is challenged is that it is possible to "condition the exploitation license if the transformation takes place in the region". For the mayor, "we will never be satisfied, and we have already noted that from here unimaginable quantities of ore would be extracted and then taken to other parts of the planet, so that later they transform it into lithium. If this is not the case, it would be better for them to leave the sand here and not to touch the bowels of our land. "It is only through" the transformation to be made in the region that opportunities can be created for the establishment of people, thus contributing to the development of county ".
With the recent news coming to the public that the neighboring municipality of Boticas may have the largest lithium reserve in Western Europe, according to mining company Savannah Resources, this confirms the idea that transformation, and even the production, "can be made in the Barroso region."
On the other side of the coin are the negative impacts of exploration, particularly with regard to the preservation of the environment. As this is the moment for people and institutions, especially environmentalists, to make their complaints, "today," says Orlando Alves, "there is awareness that true development is done with respect for the environment, so there will be a protection of the environment in order to minimize the negative impacts that such exploitation may have. The time when the nature was disrespected already there ", concluded the mayor.
NLI Price at posting:
5.0¢ Sentiment: Hold Disclosure: Held
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