Submitted by lk on Tue, 02/20/2024 - 14:26

Lithium de France has been awarded a new “lithium and related substances” license for a 151-sq. km parcel in the Bas-Rhin region of France. This is the fourth license awarded to the company previously.

Lithium de France is a subsidiary of the Arverne Group. Lithium de France had already launched a number of subsurface studies and exploration campaigns in Northern Alsace, collecting information for mapping of a significant of the subsurface covered by previously awarded licenses.

In late 2023, Arverne entered the Euronext stock market looking to raise EUR 150 million to acquire additional rigs and push the development of its geothermal business.