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New Sources of Boron Are Being Found in Nevada

June 3, 2024
x min read
New Sources of Boron Are Being Found in Nevada

New sources of boron production are becoming critically important. And Canter Resources might be on the cusp of discovering one in Nevada.

What’s happening:

  • Canter Resources (CSE: CRC) has announced new assay results that show significant interceptions of both lithium and boron at their flagship Columbus property in Nevada

Why it matters:

By the numbers:

  • The initial assays of sediment and clay from the Columbus property done by Canter Resources showed 3,070 parts per million of boron
  • Initial assays of brine from the Columbus property showed notable boron values of up to 508 milligrams per litre
  • Approximately 85% of the global supply of boron is controlled by just two individual companies, mining giant Rio Tinto (NYSE: RIO) and Turkish state-owned Eti Maden

Going deeper:

  • Canter Resources assays also showed concentrations of both lithium and potassium being present at the Columbus property in Nevada, validating its potential to be a multi commodity project

The intrigue:

  • The claystone deposit of Nevada based lithium exploration company Ioneer (NASDAQ: IONR) has previously shown significant concentration of boron and shares the same volcanic rock source as Canter Resources flagship property

Disclaimer

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