Newry couple that discovered $1.5 billion lithium deposit fighting in court to mine it
Strict state regulations have prevented Mary and Gary Freeman from excavating the sought-after mineral used in batteries and cell phones.
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Strict state regulations have prevented Mary and Gary Freeman from excavating the sought-after mineral used in batteries and cell phones.
A couple hoping to excavate what may be the world’s richest lithium deposit on their property in Newry has taken their case to Superior Court in an effort to clarify what is considered a metal under Maine’s 2017 mining law, one of the strictest in the nation.
In the 450-million-year-old volcanic rock in northern Maine, geologists have found a significant concentration of rare earth elements, which are worth billions of dollars.
One geologist estimates that Pennington Mountain in Aroostook County contains billions of dollars worth of rare materials used in military, industrial and clean-energy technologies.
14.11.2022 - Two Proximal Towns Vote in Favor of the Project and Hosting the Potential InfrastructureTHUNDER BAY, ON / ACCESSWIRE / November 14, 2022 / Wolfden Resources Corporation (WLF.V) ('Wolfden' or the 'Company') is pleased to provide an update on local ... Seite 1