IG Global (IGG) Group is looking for a strategic partner for the development of the Panamint Playa Brine Lithium Deposit in the US.

The firm has already received interest from several undisclosed groups in reviewing the opportunity, which involves earning a majority stake in a joint venture with IGG’s affiliate IG Lithium (IGL).

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more

IGL holds the rights to the Panamint Playa Brine Lithium Project, which is located in a closed basin in a unique geological setting just west of Death Valley, California.

TCM and IGG president and CEO Thomas E Bowens said: “It is imperative that new lithium brine deposits be proven in the coming years, and equally important that domestic sources of this critical green energy metal be found within the United States.

“Initial near-surface brine concentrations and deep-seated geophysical indicators point to a very significant potential resource, and given the perfect geological conditions for economic lithium brine development in the Panamint Valley basin, we feel confident in the prospect’s viability.”

The project holds anomalous lithium with high lithium content source rocks.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

According to a magneto-telluric survey, the Panamint Playa property has a conductivity resistivity anomaly (brine aquifer) that is said to be more than 13 miles long.

In a press statement, IGG said: “The surrounding infrastructure and location near to potential future offtake parties make this a unique opportunity for high returns on a relatively low investment in additional exploration.”

Potential partners will be required to sign a confidentiality agreement. The firm will also be given access to the project’s database.

IGG plans to award the most suitable offer by 15 January 2022 while the definitive documentation will be signed by 30 January 2022.

Mining Technology Excellence Awards - The Benefits of Entering

Gain the recognition you deserve! The Mining Technology Excellence Awards celebrate innovation, leadership, and impact. By entering, you showcase your achievements, elevate your industry profile, and position yourself among top leaders driving industry advancements. Don’t miss your chance to stand out—submit your entry today!

Nominate Now