Stroud Resources Ltd. is a Canadian public company listed on the TSX Venture Exchange, trading under the symbol “SDR”. Stroud’s mission is to create shareholder value through the exploration and discovery of precious metal deposits. It has previously focused on an easily accessible, epithermal gold and silver projects in Mexico and Archean gold deposits in Canada.
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Mexican President Andres Manuel Lopez Obrador signed a decree handing over responsibility for lithium reserves to the energy ministry, after nationalizing lithium deposits last April.
A potentially vast lithium deposit in Mexico’s northern Sonora state could be worth as much as 12 trillion Mexican pesos ($602 billion), according to a recent finance ministry report, or over a third of the country’s projected economic output this year.
Mexico continues to be a hot spot for gold and silver exploration. But problems are emerging in environmental compliance and the speed of permits is having an adverse effect on some operations. Recommended Read Mexican miners warn of 'major delays' from environment, water rules Mexico continues to be a hot spot for gold and silver […]