LithiumOre to kick off drilling on April 8 at Railroad Valley lithium project in Nevada

LithiumOre (OTCQB:ORRP) said Friday it would begin drilling its first exploratory and production well at its Railroad Valley lithium project in Nevada on April 8.

The Nevada company’s drilling contractor is Welsco and the project’s lead drill manager will be George Scheid, who now works as the senior drill project manager at Teton Energy Services.

“We are pleased to announce that we will commence drilling April 8, weather permitting. This marks an important milestone towards our major goals for 2019,” said Doug Cole, chairman and CEO of LithiumOre, in a statement.

READ: LithiumOre contracts Welsco to drill on Railroad Valley lithium project in Nevada

LithiumOre is a wholly-owned subsidiary of Oroplata Resources, which will soon be called American Battery Metals.

The company has completed the first step in the requirements necessary to change its name and expects to meet the remaining legal and regulatory hurdle to make the change official soon.

LithiumOre is a resource exploration and development company, whose top focus is the establishment of a low-cost, environmentally sound production base to supply the rapidly growing lithium-ion battery industry for both mobile devices and laptops, as well as the burgeoning electronic vehicle industry.

READ: LithiumOre takes aim at leading the lithium charge

The company holds 1,300 lithium mineral claims across 26,000 acres in the Railroad Valley of Nye County, Nevada, which is one of the state’s largest trapped basins.

Shares of Oroplata Resources held steady to finish trading at US$0.19 on Thursday.

Contact Ellen Kelleher at [email protected]

Story by ProactiveInvestors