This Microcap’s Big Breakthrough Allows Them to Mine and Refine 99.5% Pure Lithium Carbonate In Hours, Instead of Years1
- Brains have bested brawn, as a new technology looks set to revolutionize lithium extraction from brine, allowing under this company to move quickly towards production.
- The company could soon blitz the battery market with lithium carbonate from their Incahuasi holdings, now that they’ve earmarked $3.5 million for the development of an extraction plant.
- Plans should kickoff in short order, as the mining team is well-versed in what it takes to make that happen. Their project leader explored and built the lithium processing plant at Rincon, which recently sold to Rio Tinto for $1 billion.
The events in the lithium market have understandably garnered interest from investors of all walks of life.
And for good reason. The price of lithium carbonate alone is a clear sign of the earnings that could await the right moves into lithium.
A year ago, in June, a metric ton of lithium carbonate sold for about $10,000.2 At the time, it was said to be an outrageous price.
Now, in June 2022, that same ton of lithium holds a price tag of over $70,000.3
Yet, the most stunning fact about that 600% price hike is this:
Investors still have not missed the boat with lithium.
As surprising as this is, the market is still in its infancy.
The era of the lithium-battery-powered electric vehicles is just picking up speed.
Fitch Solutions forecasts that between 2021 and 2030, the global EV market will explode to more than 83 million vehicles on the road worldwide, compared to only 300,000 in 2020.4
That’s why there has never been a better time than now to look into one up-and-coming company.
Ekosolve Technology Offers Tremendous Advantage Over Argentine Competitors
This company has a proven technology that it’s using to turn lithium brine into 99.5% puree lithium carbonate in hours instead of years.
Moreover, they also control more than 20.2 square miles in Argentina’s lithium-rich and world-renowned Lithium Triangle.
Ekosolve is a proprietary mining technology that uses solvents to rapidly separate lithium from brine and into lithium carbonate.
This company licensed Ekosolve from the University of Melbourne, Australia, which developed and patented it. Initially, the cutting-edge technology was developed to make lithium mining from hard rock / spodumene economical.
But, when this technology is used for leeching lithium from brine, the process is so streamlined it takes about three hours to produce lithium carbonate.
That’s opposed to nearly two years with brine that evaporates the traditional way in collection ponds.
Ekosolve also has a massive advantage when it comes to all-in mining costs, mainly due to the technology’s ability recover so much lithium from the brine: at least 90% with a 99.5% purity.
Thanks to Ekosolve, this company cost per metric ton could be as much as 50% less than a traditional lithium brine operation, coming in at about $2,500.5
In contrast, S&P Global Market Intelligence found that the total all-in cash costs for a tradition brine operation is about $5,580.6
Now, here’s the real kicker. Ekosolve’s startup costs are also friendly.
That means this company would have the capability to quickly establish a 500-metric-ton processing plant, before expanding to as many as 10,000 metric tons of lithium carbonate a year.7
Mining Team Known For A Killer Deal
This small company comes with another huge advantage, thanks to the foresight of its CEO, Nader Vatanchi.
While he graduated with a Bachelors of Arts in Criminology from the famous Simon Fraser University, Mr. Vatanchi ultimately followed his entrepreneurial desires.
His reputation for mining success allowed him to attract a top-notch team. Among them are mining notables such as Phil Thomas, Ian Browne, and David Carabanti
Mr. Thomas has extensive lithium brine experience in exploration and project construction. For going on 20 years, he’s explored salars such as Incahuasi, Pocitos, Rincon, Guayatayoc, Salinas Grandes, Cauchari, Hombre Muerto and Pozuelos.
Moreover, his team was responsible for exploring and building the lithium carbonate plant at Rincon in 2005.
As for Mr. Graham, he’s quickly becoming a mining legend. He spent 20 years with the major mining companies Anglo American and Rio Tinto, and is well-known for modeling project economics.
Mr. Graham’s mine and advanced projects include the Diavik Diamond Mine in Canada’s Northwest Territories, Resolution Copper in Arizona, the Eagle Nickel Mine in Michigan, Bunder Diamonds in India, and the Milestone Potash Project.
Big Money In Argentina
The demand for new lithium projects in Argentina is so extreme right now, that an auction for a controlling stake in a Chinese mine garnered 3,448 bids and ultimately sold for about $299 million.8
But that’s not the crazy part.
According to Bloomberg, more than 980,000 people watched the auction on online over the course of the five-day event.
That’s understandable when you factor in that the International Energy Agency forecast that the price for lithium, cobalt and nickel will remain elevated for years to come.9
A well-respected analyst put it best.
Glyn Lawcock, then UBS’s renowned Global Head of Mining Research, issued this dire warning:
“There is not sufficient supply to meet this demand projection based on our knowledge of known projects today. That includes all projects whether they are under construction, in feasibility or still in exploration.”10
Lawcock’s warning is now entrenched in the lithium culture.
Global X ETF analysts report that lithium miners need to plan for scenarios where annual demand exceeds 1.1 million metric tons of lithium by 2025, as EVS reach parity with internal combustion cars.11 That’s happening faster than anyone could have anticipated.
Fortunately, North American investors don’t have to jump through hoops to invest in an Argentina lithium opportunity.
With the hunt for new lithium part of a global initiative, you could this company to stay in the news for years to come.
That’s why now could be the very best time to latch onto its affordably priced shares. Sign up to learn the name of the company that is positioned to dominate this fast-growing mining sector.
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