“We are a go” – DEEP’s geothermal power project near Estevan is going ahead this year
SASKATOON – After several years of drilling, testing, delineating and redesigning, DEEP Earth Energy Production Corp. is going ahead with construction of its first geothermal power project. It’s a project that promises emissions-free baseload power generation, using...
Lithium in SK, Part 12: Hub City Lithium shows promising results northeast of Weyburn
REGINA – About 11 kilometres east of Weyburn on Highway 13, and about 4 kilometres north, Hub City Lithium has been testing for lithium. And the results announced on Jan. 26 are among the highest announced in Saskatchewan to date.
Hub City Lithium of Regina has sampled two wells there last year. And on Jan. 26, the company announced its test results of its second well. The company has also drilled a well in the Viewfield areas, whose results have not yet been disclosed.
Lithium in SK, Part 11: A detailed video on lithium geology in SE Sask
Dr. Ben Rostron of Prairie Lithium was one of the presenters at the Saskatchewan Geologic Survey Open House in Saskatoon on Nov. 29. In his presentation, he went into great detail into the concentration and flow rates Prairie Lithium has seen in its testing of the Duperow formation in southeast Saskatchewan. This is the same formation that is referred to as the Leduc formation in Alberta.
Lithium in SK, Part 10: A helium explorer who found lithium responds
SASKATOON – In the pursuit of other products, lithium is popping up. Indeed, much of the lithium exploration today is based on wells that were drilled for oil. But lithium has shown up elsewhere. As identified in the previous two stories in this series, that can...
Lithium in SK, Part 9: And the acquisitions begin, with Prairie Lithium to be acquired by Arizona Lithium
EMERALD PARK – As the race for lithium development heats up in Saskatchewan, it’s just seen its first major acquisition.
Emerald Park-based Prairie Lithium announced at suppertime on Tuesday, Dec. 20, that it had been acquired by Arizona Lithium Limited (AZL) in a CAD $70.6 million deal, consisting of CAD $40.0 million in cash and 500 million common shares of AZL at a deemed price of CAD $0.0612 per share based on the 10-day VWAP of AZL’s shares.
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