Industrial Minerals


Posco to invest in Etna lithium

14 January 2010


South Korean steel major to invest $4.8m. in US geothermal lithium

Keywords: Posco, Etna Resources, Pan American Lithium, lithium, lithium carbonate

South Korean steelmaker Posco Ltd. plans to invest Canadian $5m. ($4.8m.) in lithium miner Etna Resources Inc.

 

Etna owns a 25% carried option for rights to all the lithium carbonate and precious metals produced from brine at the world's second-largest geothermal power plant in Cierro Prieto, Baja California, Mexico.

 

“It's a carried option, which means we don't...