Lithium X options half of key Nevada prospect to North South Petroleum

Lithium development company Lithium X Energy has agreed to option half of its Clayton Valley South Expansion lithium (CVL) property, which comprised 471 federal placer mining claims, totalling about 3 861 ha, and was located about 50 km south-west of Tonopah, Nevada, to fellow TSX-V-listed North South Petroleum. The companies on Wednesday announced that they had entered into a binding letter of intent and that North South had paid a non-refundable deposit of $100 000.