The Clayton Valley in Nevada is home to the only producing lithium deposit in North America.
Sienna Resources has exposure to the lithium market through its strategically located property in Clayton Valley, Nevada.
The Clayton Valley happens to be just miles away from Tesla Motors Inc.’s (Nasdaq: TSLA) Gigafactory outside of Reno, Nevada.
The Clayton Valley of Nevada is home to the only lithium brine basin in production in North America.
Albermarle (NYSE:ALB) has been in production in this basin since 1966.
About The Project
Sienna Resource’s recently acquired the Silver Peak South lithium project is located right in the heart of Clayton Valley, Nevada, which is currently home to the only producing lithium region in North America. The project consists of one contiguous block totaling approximately 1,812 acres prospective for lithium. Management plans to commence work on this project in 2023.
Jason Gigliotti, President of Sienna, states, “We are very pleased to enter into this agreement for this new lithium project. We are very focused on the Clayton Valley of Nevada as it is home to the only producing lithium deposit in North America and we are now one of the largest landholders in Clayton Valley. We expect to be very active in 2023 on these Clayton Valley lithium projects at a time when lithium demand and prices are near all time highs. 2023 is shaping up to be a very exciting time for Sienna and Sienna shareholders.”
On Tesla Battery Day, held on September 22, 2020, Tesla’s Elon Musk announced their intention to acquire Nevada lithium projects and their overwhelming need to secure domestic lithium deposits to feed their Gigafactory.
Management cautions that past results or discoveries on properties in proximity to Sienna may not necessarily be indicative to the presence of mineralization on the Company’s properties. Mr. Frank Bain, P.Geo., a Qualified Person as defined by National Instrument 43-101 has reviewed and approved the scientific and technical disclosure contained within this website.