Arizona Lithium Limited (AZL.AX)

Why have the Hualapai and the 21 other Arizona tribes convinced BLM to delay, for 13 months now, any decision on the latest drill-and-fill proposal from this company? In simplest terms, they have a hydrologist report that describes the threat to the Cofer Hot Springs on land owned by the Hualapai. When you cut through all the comparisons to the irrelevant Nevada litigation, it comes down to this: Are you entitled to do something on your property, that cuts off the water supply to your neighbor?

Not that it’s the company’s property, of course. It belongs to the people of the United States. And it’s not that this is a rare place to find lithium, which is as common as dirt in many Western locations. BLM might allow mining outside of a radius of two or three miles from the tribal-owned land. But drill results from other companies indicate that the clay is not nearly as rich in lithium, the farther from the springs you move.

Great trading today, AZL finishing strong with a 22% gain.
The usual downrampers retreat into their dens in a state of shock.
Militant eco warriors such as Deep Green Resistance bang their heads in disbelief (again).
Resistance is futile

Why would we let a foeighn company mine n the USA
I have not looked
They do not have the money to mine
nothing stopping them getting the Chinese to tale majority ownership and control
Hopefully a new republican takes over in the state and sends them packing

Those of a prudish nature cast aspersions on the huge amount of income from sports gambling that flows to the state of Arizona, which gives away some of it to lithium labs; and the smaller amounts that the state’s 22 Indian tribes are allowed to share. Few of them know that there is also legal gambling on elections and politics, conducted not under state auspices but by political scientists doing research on voter attitudes and polling.

What’s not yet offered on PredictIt are minor issues like what might eventually happen with AZL’s application at BLM. But I will go on record with what I think the current odds would be. It’s unfortunate that the only way to vote is by trading shares, which have other elements baked in.

Chance of BLM decision:
In July 10%
By October 25%
After November election and before December 31: 60%

BLM decision:
100% denial 10%
Partial denial 40%
Approval 50%

Court appeal of partial or full approval:
With injunction 80%
Without injunction 20%

Fantastic news overnight,
Judge Du denied the motion to vacate the BLM for Lithium Americas and Thacker Pass, setting a precedent for future mines in the USA upholding president Bidens plans to end reliance on China for future Lithium supply.
Buckle up AZL holders, the future looks bright!
This took 18 months to pass, we are within expected time frames.