Sienna to Start up Operations on “Clayton Valley Deep Basin Lithium Brine Project” in Nevada
IE:TSX.v | SNNAF:USA | A1XCQ0:Germany | |
Sienna to Start up Operations on “Clayton Valley Deep Basin Lithium Brine Project” in Nevada Sienna Resources Inc (SIE—TSX.v) (A1XCQ0 –FSE) (SNNAF—OTCBB) wishes to announce that the company is planning to commence operations on its lithium claims in Nevada. These claims lie directly inside of Pure Energy Minerals Limited’s (PE.v) Clayton Valley Lithium Deposit. Jason Gigliotti, President states “Lithium has regained its presence as one of the most talked about sectors in the market. With the significant growth in EV’s and the battery metals focus globally, we feel it would be a perfect time to start up operations on our “Clayton Valley Deep Basin Lithium Brine Project” that lies inside of Pure’s Project. This prospect is located within the deepest sections of the only lithium brine deposit in production at this time. Pure, who signed a lithium Supply Agreement (Sept 16, 2015) with Telsa Inc (TSLA) has made good progress on their deposit and we are very optimistic about our project as well.” If you would like to be added to Sienna’s email list please email [email protected] for information or join our twitter account at @SiennaResources Contact Information “Jason Gigliotti” Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. About Sienna: Thank you for interest in Sienna Resources Inc. As you can see there are many exciting circumstances that make Sienna a compelling company right now. Sienna has the “Clayton Valley Deep Basin Lithium Brine Project”. This project is located directly between and bordering Pure Energy Minerals Limited (PE—TSX.v) and Lithium X Energy Corp (LIX—TSX.v). The “Clayton Valley Deep Basin Lithium Brine Project” is located in parts of the deepest sections (refer to the map in the pdf) of the only lithium brine basin with a producing operation in North America (Albemarle’s (ALB-NYSE) Silver Peak Mine). Pure Energy Minerals, which owns the Clayton Valley South project, has recently released an inferred resource of 247,000 tons of lithium carbonate equivalent on the Clayton Valley South project. According to the PureEnergy Minerals Limited website, “Geophysics shows that the same brine-bearing formations encountered during drilling (Pure) appear to extend to much greater depths within the basin.” Recently Pure Energy Minerals Limited signed a supply agreement with Tesla Motors Inc (TSLA-Nasdaq) to potentially supply lithium hydroxide from its Clayton Valley Lithium Brine Deposit.
The lithium space has garnered significant market exposure recently, especially in the light of the Tesla Gigafactory and the distinct rise in the underlying lithium price. We are optimistic about the growth of Sienna Resources. We currently have one of the smaller market caps of comparable junior explorers in the space and we feel the future is only getting better for the lithium sector and the future of Sienna as we develop and explore the “Clayton Valley Deep Basin Lithium Brine Project”. MAP Sienna’s property lies within the deepest sections of the Clayton Valley Lithium Basin…This map is not properly updated to show Pure Energy’s acquisitions of the Lithium X properties.
Below is the historical Lithium price (USD$) per metric ton
![]() Additional information: Sienna Resources Inc.’s neighbour, Pure Energy (HMGLF–USA and PE-TSX.v) was featured on CNBC in regards to their lithium discovery in Clayton Valley. The clip is here: http://www.cnbc.com/2016/07/25 Below is a link to the insider filings for Sienna. As you can see President Jason Gigliotti has purchased over 800,000 shares in the market between .215 and .22 cents:
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Jason Gigliotti, President Sienna Resources Inc. @SiennaResources Twitter |