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LITHIUM STOCKS HAVE BEEN SOARING...SNET NEXT???




Lithium X brings a resurgence to the Toronto Venture Exchange
Date : 05/13/2016 @ 9:00AM
Source : InvestorsHub NewsWire
Stock : Lithium X Energy Corp (LIX)
Quote : 1.91 -0.16 (-7.73%) @ 3:59PM
Lithium X brings a resurgence to the Toronto Venture Exchange
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Lithium X brings a resurgence to the Toronto Venture Exchange

Introduction

Whether you are a resource investor or not, LIX.V deserves a great amount of appreciation for bringing back lots of investors who were sidelined when the resource sector got beaten-up. Lithium X has been on a tear since its IPO on November 30, 2015 creating a huge amount of shareholder value. LIX initially raised at $0.15, opened up double that, and closed Thursday, April 28, 2016 at $1.94.

Credibility arises from an amazing management team with loads of mining experience and knowing how to structure such deals to produce large returns. Frank Giustra is the real deal, and most of you already know about his background and no need to further explain. Lithium X Executive Chairman, Paul Matysek, was quoted: At the end of the day, Frank likes to get involved in a project if he sees a massive shift in an industrys fundamentals. Lithium X is certainly showing all the right signs!

Lithium Market Analysis

So let's talk Lithium. The commodity was the only to show positive price increases in 2015, and there are no signs of slowing down. Demand for Lithium is expected to steadily increase, especially given Tesla's giga factory, battery storage, Powerwall, and other products. It is also a cleaner commodity, and has a high demand from China. Here's a quote from Elon Musk, In order to produce a half million cars per yearwe would basically need to absorb the entire worlds lithium-ion production." Electric vehicles are being produced by many large players outside of Tesla, including Google and Apple. There is ample innovation in tech which requires lithium. So, there is ample demand for lithium. This is why big investors are stepping into the space, as can be seen with LIX.






LIX is definitely battling for some lithium market share. Investors are encouraged by the opportunity LIX provides with the acquisition of a well-studied Large, High-Grade Lithium Brine Project in Argentina thru Joint Venture with Aberdeen International, and a drill ready land position with permits to drill near the heart of United States lithium production in Clayton Valley. Lithium extracted from brine's, or salt water has proven to be a cost-effective methodology, and sourcing enough of the commodity in the U.S., is a major competitive advantage for demand from big players such as Tesla. Spiking demand is allowing new players to supply lithium, which is mainly supplied by 3 major players now.

These are considered very high-quality properties and are prized assets for Lithium miners. It was smart move for management to move quickly and strategically acquiring properties in these regions. This is all happening before our eyes. Clayton Valley is the only producing Lithium area in all of the U.S. LIX is the largest land holder in Clayton Valley. Lithium X has over 15,000 acres in Clayton Valley, adjacent to the north and south of Albermarles Silver Peak mine, the only American lithium producer currently, and about three hours from Teslas gigafactorytalk about a strategic location. Undoubtedly, Argentina and Clayton Valley are key areas for increased market share for new entrants, with plenty of brine in Nevada, and a large sizeable lithium land in Argentina.

For Nevada Clayton Valley:

Lithium X has received the necessary work permits from the Bureau of Land Management to complete four drill holes at its Clayton Valley North Lithium Project in Nevada. The work begins phase 1 exploration program at Clayton Valley North and results, if positive, will be incorporated into a maiden resource estimate. Historic and present drilling programs surrounding the Clayton Valley South Expansion suggest the potential for discovery of lithium-bearing brine's. The Company expects to drill these holes to a depth that will intersect the gravel aquifer in the lower part of the basin, which is expected to be approximately 350 meters.

For Higher grade lithium-potash brine in Argentina:

Lithium X entered into a binding letter of agreement with Aberdeen International Inc. to acquire up to 80% of Potasio y Litio de Argentina SA, which owns 100% of the Sal de los Angeles lithium-potash brine project. The Sal de los Angeles Project covers more than 95% of the Salar de Diablillos property located in Salta province at an average elevation of approximately 4,050 meters above sea level. Sal de los Angeles is 2.8 million tonnes LCE and 11.3 million tonnes KCI. The grade is 592 mg/L Lithium.

Paul, Executive Chairman, stated "The acquisition of Sal de los Angeles is a special opportunity for Lithium X," said Executive Chairman, Mr. Matysek, It is one of the few known lithium brines that is amenable to conventional processing. The project has both near-term development potential and scale. Salta province is a mining-friendly part of Argentina where we have enjoyed previous successes and maintain good relationships."

David Stein, President of Aberdeen, stated, "We see Sal de los Angeles becoming the flagship asset of a new dynamic, multi-project lithium company with the potential to deliver strong returns for our shareholders over the longer-term."

"The acquisition is another milestone as Lithium X moves towards our goal of becoming the world's go-to pure play lithium company," said CEO Mr. Paes-Braga.

Lithium-X is well financed to continue exploring its reserves. Initially, LIX raised $1.754M at $0.15, on Nov. 30, 2015. On December 29, 2015, another $3.2475 million raised at 30 cents. On March 11, 2016, $8.449M was raised at $1.02all oversubscribed. Investors clearly have no issue investing in this well managed, strategically located, and timely company.

LIX expects to publish a new PEA in the next few months and complete a Feasibility Study in mid-2017 contemplating production scenarios.

Lithium X Management Team

Executive Chairman: Paul Matysek

Mr. Matysek is a corporate entrepreneur, professional geochemist and geologist with over 30 years of experience in the mining industry. He is currently President and CEO of Goldrock Mines Corp. and has previously held senior executive and director positions with several natural resource exploration and development companies and is a proven company builder. He was recently President and CEO of Lithium One Inc., whose world class lithium development project (Sal de Vida) was in northern Argentina. In July 2012, Lithium One merged with Galaxy Resources of Australia via $112M plan of arrangement to create an integrated lithium company.

VP of Project Development: William Randall

Mr. Randall is a professional geologist and qualified person with extensive executive and technical experience in lithium exploration and development in the Clayton Valley and in South America.

For almost a decade Mr. Randall has led numerous exploration programs, including drill campaigns in Nevada's Clayton Valley and high-altitude salars throughout South America.

Founder & CEO:Brian Paes-Braga

Mr. Paes-Braga, CIM, is founder and CEO of LiTHIUM X. Brian has spent almost a decade in the international financial sector working with firms ranging in services from underwriting, mergers and acquisitions, asset management, venture capital and private equity. He has held various positions focused on deal origination and capital raising including VP of Retail Sales of a Canadian Broker Dealer as well as Managing Director of a Boutique Merchant Bank.

Founder & Corporate Advisory: Fiore Management & Advisory

Fiore Management and Advisory Corp (lead by Gord Keep and Frank Giustra) is an advisory company responsible for equity financing's, corporate structures in creation of new natural resource companies and public company administration.

Financials:

Shares Outstanding: 52.37M

Market Capitalization: CAD $123.61M

Share Price (April 28, 2016): CAD $1.94

Conclusion: Lithium X is building a world class management team and acquire best in class assets, giving investors exposure to a pure play lithium company with multiple assets across diverse jurisdictions. The above analysis shows that the timing, the management team, and investor group show a very promising growth story for Lithium X. The team is building Lithium X to be the best pure play in the growing Lithium industry, with a very visionary management team that is executing very fast.

Further News here - http://www.lithium-x.com/news-release/lithium-x-enters-into-pilot-production-joint-venture-agreement-for-the-sal-de-los-angeles-deposit-with-salta-exploraciones-s-a/