Mongolia is an amazingly rich country in natural resources. As technology changes and develops, different materials can generate real wealth. Bear Mountain, or to use its Mongolian name – Baavhai-Uul is no exception – it contains reserves of lithium!
The following, from the Investing News Network, provides an update of developments with this project:
ION Energy CEO Ali Haji joined the Investing News Network to discuss his company’s history of operating in Mongolia, including the company’s flagship Baavhai-Uul lithium project.
ION Energy’s management team has over a decade of experience working in Mongolia, including the successful establishment and sale of companies such as Hunnu Coal.
ION Energy’s familiarity with the region made Mongolia an easy choice for the home of the company’s next project. ION Energy has secured an 81,000 hectare license in the southern Gobi region of Mongolia and is expected to commence an exploration program on the project in 2020, focusing on two main targets. Based on previous exploration work, the company believes the main aquifer on the property is relatively shallow at around 20 meters below the surface. (investing news)