Arian Silver Corp (LON:ACQ) has taken out an option to acquire three lithium exploration projects in Mexico.
The projects cover 1,600 hectares (ha) in Zacatecas State, a region known for its lithium deposits said Arian.
The vendor is a privately held company, Comercializadora Gacu SA de CV, with the cost up to US$200,000 payable in instalments over the next 12 months including a non-refundable deposit of US$20,000.
WATCH: Arian boss says new lithium projects "good, exciting opportunity" ...
CLICK HERE: For a daily round-up of all the Proactive news
Jim Williams, Arian’s chief executive, said the option was part of a strategy to diversify from exclusively exploring silver deposits.
Preliminary exploration at the projects ( Pozo Hondo, Columpio, Abundancia) is already underway, he added and will be carried out alongside its silver exploration.
"The projects benefit from excellent access to the transport network, each a few kilometres from the main highway which runs between the cities of Zacatecas and Saltillo and are situated within a region known to contain lithium, as well as boron and sulphur."
The projects are subject to a 2% net smelter royalty payable to Comercializadora Gacu SA de CV.