US firm joins rush for new lithium deposits in Tanzania

US company Titan Lithium Inc is seeking to consolidate its position in Tanzania following the discovery of lithium deposits south of Mount Kilimanjaro with enough potential to make the country a global market leader for the increasingly popular mineral.

The Las Vegas-based company this past week announced initial results from separate soil geochemical samplings in two locations straddling Kilimanjaro and Arusha regions, which indicated high lithium grades measuring up to 2.79 percent lithium oxide.