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Neometals Moves to Unlock Lithium-Potash Rich Brines in Utah’s Paradox Basin
8:28am on Wednesday 26th of November, 2025 AEDT
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Mining
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Neometals Moves to Unlock Lithium-Potash Rich Brines in Utah’s Paradox Basin
8:28am on Wednesday 26th of November, 2025 AEDT
Key Points
Exclusive 60-day option agreement with American Helium LLC and Ascent Resources plc
Access to inactive oil and gas wells and leases in Utah’s Paradox Basin for lithium and potash exploration
Capital-light option structure with US$50,000 exclusivity fee and US$1.9 million permitting fee upon approval
Potential 2.5% gross smelter royalty on commercial extraction revenues
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