RENO, Nev. (AP) — Conservationists have filed a complaint with the Securities Exchange Commission accusing an Australian company of misleading investors about how soon it might start building a lithium mine in Nevada.
The mine worth potentially $1 billion is at the center of a fight over a rare desert wildflower. It's the only place in the world Tiehm's buckwheat is known to exist.
Inoeer Ltd. told investors in July it intends to have all the necessary regulatory approvals in place by next summer. But a government official told The Associated Press that U.S. land managers don't anticipate a decision on the fate of the project until January 2022.