LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) has been trading upward in recent days. LRTTF is following up a strong Monday showing that saw them go from .53 cent to .59 and the lithium pure-play has added a another 4 cents in today’s early trading.
LRTTF also saw volume crest at 4M yesterday on no recent news. It is possible that there is an announcement on the horizon as the company continues to run tests on its lithium project in the famed “Lithium Triangle”. The Lithium Triangle is arguably the most renowned lithium region in the world, underscored by its massive resources (producing nearly half of the world’s annual production annually), infrastructure and mining-friendly regulations. Although news has not confirmed it, LRTTF was planning to commence drilling in quarter four, so good news may be lifting the price.
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) bills itself as a company that is an emerging exploration player focused on the acquisition and development of high grade lithium brine deposits destined for use by global business interests. The Company believes that strategic resource access is the key to a robust energy strategy to protect economic stability worldwide.
Moreover, LRTTF engages in the acquisition, exploration and development of mining properties in Canada and the United States. The company primarily explores for lithium brine deposits. It holds interests in the Paradox North property with 233 placer claims covering 4,480 acres located in the Paradox Basin in Grand County, Utah, as well as an option to earn a 70% interest in the Pocitos West project covering 15,857 hectares located in Salta Province, Argentina.
According to company materials, “Liberty One Lithium Corp. is an emerging exploration company focused on the acquisition and development of high grade lithium brine deposits. The Company believes that strategic global resources are the key to a robust energy strategy to protect economic stability worldwide.”
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As alluded to above, management believes drill permits are imminent, which will trigger the drilling of 3 or 4 test holes during this last quarter.
LRTTF has now submitted all the necessary documents to accelerate exploration and drilling to better define mineralization indicated by the geophysical study that a contiguous probable brine horizon throughout the complete 29 kilometers of the property. Considering the fact that Pocitos is essentially surrounded by properties either producing lithium or known to be hosting lithium, the company believes that it is likely for a 150+ meter thick, contiguous lithium brine horizon to exist under the majority of the 39,000 acres it controls.
Earning a current market cap value of $30.52M, LRTTF has little cash on the books, but also no current liabilities. LRTTF is pulling in trailing 12-month revenues of $34K. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -53.5%. We see one very good catalyst coming up soon: the results that the geologists will provide to LRTTF soon. We don’t really know when this will happen, so we need to be really alert. Sign up for continuing coverage on shares of $LRTTF stock, as well as our other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: We hold no position in $LRTTF, either long or short, and we have not been compensated for this article.