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How Venari Minerals Secured Critical Water Rights to Boost Red Mountain Lithium Project

9:58am on Wednesday 10th of December, 2025 AEDT Mining
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How Venari Minerals Secured Critical Water Rights to Boost Red Mountain Lithium Project

9:58am on Wednesday 10th of December, 2025 AEDT
Key Points
  • Binding Option Agreement to acquire 592,000m³ water rights and 45.7Ha land near Red Mountain
  • Transaction valued at US$400,000, partly paid in Venari shares and cash upon option exercise
  • Water rights critical for project feasibility in Nevada’s water-scarce environment
  • Maiden Mineral Resource Estimate delayed to January 2026 due to assay lab congestion
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