RE: Nearshoring Mexico economy12 Nov 2022 13:58
Worth remembering the mining law reforms are to be challenged and Silver Valley's ruling could be announced before year end.
https://www.bnamericas.com/en/features/whats-next-for-mexicos-lithium-projects
Silver Valley announced plans to raise Cdn$500,000 in a private placement financing on Wednesday, with part of the proceeds earmarked for the lawsuit, which the company expects to conclude by end-2022.“The expectation has been given from the Supreme Court of Mexico that they will provide an answer to the validity of the company’s deposit(s) considering the amendment to the mining law that was undertaken by the government this past April,” the company said in a release.
https://www.rocklandresources.com/20220310-rockland-resources-strengthens-its-mexican-team-and-commences-field-work-at-elektra-lithium-project
Senor Miguel Angel Romero Gonzalez joins our Mexican group to advise the Company on tenure and legal issues. Señor Romero is a prominent lawyer with the mining industry in Mexico, a former General Director of Mines in the Ministry of Economy from 2010 to March 2013, within that period he coordinated the efforts to update the Regulations of the Mining Law and collaborated to make public the mining cartography of the country. Señor Romero is also an Honorary Member of the Business Mining Council of Mexico (CONMIMEX).
Report from the Rockland website
https://www.rocklandresources.com/
Elektra
represents an opportunity to fast-track exploration activities on various targets on the Elektra Project if the current situation with the Mexican Government nationalizing all of its lithium assets (April 2022) gets resolved in favor of foreign companies such as Rockland; that the Sonora Lithium Project could be worth as much as 12 trillion Mexican pesos ($602 billion); that sedimentary lithium deposits enable a fast source to obtain lithium at competitive costs with minimal environmental impact;
From the link posted by @Barksy1:
400 companies seek nearshoring opportunities in Mexico, says Econ. Minister But first, the USMCA energy dispute must be resolved
Another mining company interested in expansion in Mexico.
Similarly, Chinese machinery manufacturer SANY said that the mining sector in Mexico could represent a 30 percent increase in its portfolio since open-pit mining projects are buying more of SANY’s products. “Here in Sonora, open-pit mines buy a lot of equipment, there is a constant movement of machinery and a lot of contractors,” said Efrén García,
It's mind boggling how important Bacadehuachi might become.
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