Silver Valley Metals Corp. (TSXV: SILV) (OTCQB: SVMFF) is set to recommence exploration activities following a positive legal resolution on its Mexi-Can Sulphate of Potash and Lithium Project. The Canadian-based exploration company addressed the legislative challenges presented by Mexico’s Lithium Decree and the subsequent Mining Law Decree, ensuring their concessions remain valid until 2059 and 2060.
Positive Legal Outcome for Mexi-Can Project
After experiencing regulatory uncertainty, the company’s Amparo filings were favorably resolved, indicating no impact from the legislative changes on its existing concessions. This confirmation of legal protections positions Silver Valley to actively pursue its exploration goals.
Partnership Considerations and Future Collaboration
Though partnership discussions with state-owned entity LitioMx did not culminate in a joint venture, both parties express openness for potential future collaborations as the industry evolves.
Renewed Focus on Exploration Activities
With inaugural legal issues settled, Silver Valley has renewed its commitment to advancing the Mexi-Can Project,
About Silver Valley Metals and the Mexi-Can Project
Focused on strategic and precious mineral properties, Silver Valley Metals owns a 100% interest in the Mexi-Can Project, which boasts significant mineral resources inferred from shallow depths, with the potential for expansion in multiple directions.
Immediate plans involve resuming exploration to further develop the project’s known resources, with updates to follow.
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