Ann: Reedy Lagoon to drill for lithium brine in Nevada, page-37

Reedy Lagoon to drill test exciting lithium brine in Nevada

https://thewest.com.au/business/bul...xciting-lithium-brine-in-nevada-ng-b88710429z



Reedy Lagoon Corporation’s exciting lithium brines play in Nevada is about to be put to the test with the signing of a contract with the world’s biggest drilling contractor to sink a 1000-metre-deep hole into the underwater salt water aquifer.

Funding for the drilling campaign was banked last month with the completion of an underwritten $3.5 million capital raise at 2.5 cents a share. Investors are already sitting on a big profit from that raise, with Reedy shares trading at 7 cents a share this week in anticipation of the commencement of the drilling campaign.


The lithium explorer has stirred a lot of interest among investors by using some clever geophysics to identify potential for other big lithium brine resources in Clayton Valley near Silver Peak.