New sources of boron production are becoming critically important. And Canter Resources might be on the cusp of discovering one in Nevada.
What’s happening:
- Canter Resources (CSE: CRC) has announced new assay results that show significant interceptions of both lithium and boron at their flagship Columbus property in Nevada
Why it matters:
- Boron is an increasingly important mineral for everything from semiconductors and artificial intelligence chip manufacturing to solar panels and even nuclear reactors
By the numbers:
- The initial assays of sediment and clay from the Columbus property done by Canter Resources showed 3,070 parts per million of boron
- Initial assays of brine from the Columbus property showed notable boron values of up to 508 milligrams per litre
- Approximately 85% of the global supply of boron is controlled by just two individual companies, mining giant Rio Tinto (NYSE: RIO) and Turkish state-owned Eti Maden
Going deeper:
- Canter Resources assays also showed concentrations of both lithium and potassium being present at the Columbus property in Nevada, validating its potential to be a multi commodity project
The intrigue:
- The claystone deposit of Nevada based lithium exploration company Ioneer (NASDAQ: IONR) has previously shown significant concentration of boron and shares the same volcanic rock source as Canter Resources flagship property
