Savannah Resources enters the lithium race in Europe. In response to European automakers’ push for lithium-ion battery packs, Savannah Resources (AIM:SAV) announced its plans to start mining lithium at its Mina do Barroso in northern Portugal by the end of 2019.
Currently, an ongoing Reverse Circulation drill programme is taking place at the site and will help define a Mineral Resource Estimate as a basis for a scoping study. Mina do Barroso is arguably one of the most advanced lithium mining concessions in Europe and, according to company officials, it would be the continent's first significant producer of spodumene, a hard-rock form of lithium. “We’re in a unique position in Europe. What we have is a premier lithium project (…). Late 2019 for a production start is an aggressive target for Savannah but also one which the company thinks is achievable,” CEO David Archer told Reuters. At present, Europe relies on lithium imports from Latin America’s ‘Lithium Triangle,’ as well from Australia and China. Lithium Mining News and Commentary. Cobalt Mining News and Commentary. Micro Cap Daily. What’s the “White Oil” Pitch from Lou Basenese About?
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Join as a Stock Gumshoe Irregular today (already a member? Log in) Louis Basenese has a new ad promoting his VentureCap Strategist newsletter ($2,000 a year), and it gets our attention with lots of hot air about “White Oil” … which, he says, is explosive in both chemical terms and investment potential. Here’s a taste of the intro: “This new White Oil is spiking 9X faster than the price of gold…“The investment analysts at Goldman Sachs call it ‘the new gasoline.’ Basenese even includes a video of a “drunk hillbilly” setting a jar of salt water on fire… and implies that this new fuel will be a savior without “alternative energy” tax breaks: “… what the salt water in that jar contains is valued at trillions upon trillions of dollars….“… it’s the final American kill-shot that will put Vladimir Putin and the Saudi royal family out of business.
So what the heck is he talking about? Albemarle: The Lithium Juggernaut – The Lithium Spot. Recommendation: Buy Current Price (as of close on 7/24/17): $118.60 While there are many sound investments in the Lithium space, we believe Albemarle is a great way to invest in the lithium boom while exposing your funds to less risk (Some of the Junior miners that we like and will be covering in subsequent posts will have higher return potential, but with added risk).
ALB is the clear leader in the industry, is gushing cash, has very low leverage, and long-term demand locked up for 80% of it’s production. Thus, ALB allows the investor to limit their downside risk in the event of an oversupply in the lithium market, while participate in the tremendous upside risk presented by the lithium demand growth story. In this post, we will strive to present an actionable thesis on ALB stock. Summary In this analysis, you will find that ALB may not have the same juicy returns as some of the junior miners that we will be discussing in future posts.
Company Overview Bromine Refining Solutions Management. The Lithium Spot – Everything you need to know about the Lithium Space. 3 Cheap Lithium Stocks to Buy That Will Energize Your Portfolio. Poor lithium.
The metal is so light it floats, so soft it crumbles and so unstable it’s perpetually searching for a partner, which is exactly why we love it. Lithium has what scientists call a valence electron, a single negatively charged particle orbiting far from the nucleus, which binds easily with other atoms. This inclination to “share” itself is what makes lithium particularly effective at transmitting energy and conducting electricity. It’s also one of the reasons why lithium is ideal for rechargeable batteries, since that flirtatious electron can return home just as quickly as it left.Hard to Find Lithium is unquestionably a game changer, and flirtation has blossomed into true love among engineers designing power plants for electric vehicles, handheld devices, even large scale power grids. There are some complications however.