Lancaster Resources Inc. announced that the United States Department of the Interior Bureau of Land Management (BLM) has provided Lancaster with approval for the Plan of Operations regarding the Alkali Flat Lithium Brine Phase 1 drill program. This follows permit approval granted by the New Mexico Mining and Minerals Division (MMD), as announced on April 30, 2024. Pursuant to BLM regulations 43 CFR 3715, the Plan of Operations submitted to the BLM in September 2023 has been formally approved.

This approval includes the potential to drill up to three wells on the playa allowing for an expedited regulatory process pending results of the maiden well in second quarter 2024. In addition to the approval are conditions for access, safety, and protecting the environment that the BLM and Lancaster have worked very closely on. Lancaster intends to meet or exceed all requirements to ensure the safety and protection of the environment and all stakeholders.

The Alkali Flat Lithium Project targets a closed-basin brine deposit in a playa lake setting. The project is conveniently situated next to a major rail line and interstate highway, providing excellent access. The Drill Permit area lies about 8 miles north of the renowned 15MW Lightning Dock Known Geothermal Resource Area (KGRA).

Closed basin brine deposits contain an estimated 58% of the world's lithium resources. The only location of lithium production currently active in the United States is the brine operation at Clayton Valley, Nevada.