News in June?10 Jun 2023 13:09
News before the end of June, I do believe that A_L.O will want to be accredited with Mexico having a lithium mining industry underway before he leaves office in September 2024. For Sonora, the window must be closing for construction to begin to meet that date.
https://expansion.mx/empresas/2023/05/09/primera-produccion-litio-sexenio-2028
Taddei refuses, again, to give more details about the talks because he affirms that they are private, but says that there are at least five in progress and that before the end of the first half of the year there could be an announcement about what will happen to the deposit in the La Ventana ranch, in Sonora, the site in the country that already has the most advances for the production of the metal and whose works have been led by Ganfeng Lithium.
This does seem to give me some reason to believe so from Advanced Lithium who are in talks with LitioMX and looking to patent their extraction process,
https://mexicobusiness.news/mining/news/lithium-mining-could-be-reality-2024?tag=litiomx
Q: Do you think your method can accelerate the process for Mexico to become a lithium producer?
A: In the media, it is always said that it will take years before Mexico starts producing lithium. However, **we believe that if we do a joint venture with LitioMx, we will be doing test mining before President Lopez Obrador leaves office in 2024**. It is a very fast process because, unlike other operations, clay deposits are on the surface. Similar to the process with diamonds, through dense separation plants, we can start testing samples. If the numbers come out well, we can scale up to commercial production. Another advantage we have is that the demonstration plan will be less than MX$500,000 (US$28,308.33), which is actually very economical compared to other mining projects.
Some interesting Q&A’s,
Q: How have government changes to the lithium law, nationalization and reduction of concessions impacted the company's opportunities in Mexico?
A: There is a difference between what is said and reality. The perception coming from outside Mexico is really influenced by what the media or the government says. However, the reality is different. Many people outside Mexico do not realize that there are very strong mining laws in Mexico. For example, the Constitution states that the Mexican government cannot make retroactive changes. Thus, mining laws cannot affect established projects, such as those being developed by Advance Lithium. New regulations would only affect future companies that want to enter Mexico. Fortunately, I am fully aware of the real impact of these changes; however, fighting these misconceptions is a constant struggle.
Worth noting, the mention by Taddei of a possible announcement on what’s happening at La Ventana by the end of the first half is from May at that time LitioMX and Advanced were already in talks from at least the beginning of March.
Let's hope Ganfeng release their plans-..
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