The Peruvian company Macusani Yellowcake reported that they have discovered resources equivalent to 2.5 million tons of high-grade lithium and significant amounts of uranium during the exploration of the Falchani deposit in the south of the country.
As informed by Gestión, this company said that the deposit could become the largest lithium mine in the world.
So far, the mining company has drilled 15% of the surface of the deposit and their plan is to explore 10,000 meters this year.
Lithium is a chemical element that comes in the form of a soft, silvery-white alkali metal. It is the lightest metal and lightest solid element. Since it is a very good conductor of heat and electricity it is widely used in electronics and as an important for batteries.
This element is also used for processing silica, lubricating greases, and even pyrotechnic colorants.
Macusani Yellowcake is a subsidiary of Plateau Energy Metals, a Canadian company.