LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) has been on a serious bull run. LRTTF fell some yesterday but has regained some price in today’s trading, currently up by 20%. Either way, the market has rewarded them with a valuation a share price that has gone up nearly 300% from a price of about $0.50 to a record high of $1.77 as can be seen in the chart.
Where did this come from? In October, management announced the receipt of permits legalizing their mining activities in the region, a move bound to generate revenues for them long into the future given the ever-growing nature of the lithium industry. Why is this such a big deal – in case you have been under a rock – Lithium and its compounds have several industrial applications, including heat-resistant glass and ceramics, lithium grease lubricants, flux additives for iron, steel and aluminum production, lithium batteries, and lithium-ion batteries. Key among this, however, are the lithium and lithium-ion batteries which have been seen to be important components especially in the production of electric cars.
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) trumpets 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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“We will start off with a sample hole in the southern segment of the property, drilling rotary only and packer sampling to identify brine and lithium,” CEO Brad Nichol explained in the company press. “We will drill initially to 300 meters, stop to sample, and while awaiting expedited results, we will continue down to find basement or whatever might define a “bottom” to the brine section. We are looking for lithium content above 100 mg/L and if porosities range above 20%, as can be anticipated in a sandy aquifer, the size of the “storage space” within the horizon will be greatly expanded.”
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF), since being on the ground at Pocitos West, has been on a run and the market seems to like what it sees. LRTTF has a market cap of 66.94M and will soon start to see drilling numbers taking shape. We will be updating readers as the news takes on more shape. Sign-up for continuing coverage on shares of $LRTTF stock, as well as 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.