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Nevada Energy Metals acquires lithium project in Nevada

Nevada Energy MetalsInc. said April 12 that it fully acquired the Clayton Valley BFF-1 lithiumproject in Nevada.

The acquisition includes 60 claims covering about 484 hectaresin total.

Nevada Energy is planning a detailed exploration program on theproject in the fall 2016/winter 2017 period, it said.

The property was acquired for cost of staking with no overridingroyalties or work programs.

In March, the company staked86 lithium-prospective placer claims, covering about 1,720 acres, in Nevada's SanEmidio Desert.