Mesa Uranium Acquires Lithium Project

November 5, 2009 – Vol.14 No.33

Mesa Uranium Acquires Lithium Project.

Mesa Uranium Corporation, of Vancouver, British Columbia, has announced that it has acquired, by staking, the Green Energy lithium project in Utah. Staking involves marking a section of land to claim the sole right to prospect for minerals and the statutory privilege to later apply for a lease.

The project consists of mining claims covering an area of approximately 10 square miles (6,000 acres) and is 100% wholly-owned. High demand and low supply has pushed lithium carbonate (Li2CO3) prices to $6,600.00 per ton, lithium-ion battery demand for hybrid-electric and electric cars is expected to increase fivefold by 2012.

Lithium occurs at the project over an extensive area with values as high as 1,700 ppm lithium (0.9% Li2CO3) in saturated brine. The brine was discovered in the 1960s when oil exploration wells encountered blow-outs drilling. The pressurized free-flowing brine interrupted drilling operations and was considered a nuisance, rarely chemically analyzed or flow-rate tested. Over twenty oil exploration wells have been drilled on the Green Energy project; five of these wells have analytical data for lithium.

Lithium brine mines are more economic to mine and process than conventional open-pit or underground mines. Given the favorable climate of the area solar evaporation can be used to concentrate the brine to enhance project economics. World-class lithium brine mines range in grade from 150 ppm to 1,200 ppm lithium and employ proven solar evaporation concentration techniques.

Lithium ion (Li-ion) batteries have become the rechargeable battery of choice in cell phones, computers, hybrid-electric cars and electric cars. GM, Ford, Toyota, Dodge, Chrysler, Mitsubishi, Nissan, Tesla, Saturn and Mercedes-Benz have all announced plans to build Li-ion battery-powered cars. Demand for lithium-powered vehicles is expected to increase fivefold by 2012. The domestic automotive industry must secure a lithium source to supply the next generation of hybrid-electric and electric vehicles. Over 60% of cell phones and 90% of laptops use lithium batteries. The worldwide market for lithium batteries is estimated at over $4 billion per year.

Mesa explores and develops mineral properties focused in the western United States. (11/5/09)

Links:

Mesa Uranium
http://www.mesauranium.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: Yes