Gryphon Resources is a mineral exploration company focused on the development of lithium resources in the Southwestern United States. The company's key objective is to develop a world-class lithium project in the state of Arizona that will capitalize on surging demand for lithium-ion. Gryphon´s primary asset is currently the mineral exploration rights to a 640 acre parcel of property in western Arizona referred to as the L.G. Properties. This property has the potential for discovery of large volumes of brine containing economic concentrations of lithium.
LITHIUM and NORTH AMERICA A rare earth mineral, Lithium is already used in batteries for portable electronic devices including the majority of mobile phones and laptop computers. The development of lithium battery technology, particularly as it relates to energy for hybrid vehicles is an important component of the U.S.'s new energy economy. The country's green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery-manufacturing sector. The country's green energy legislation and long-term energy policies depend on developing a vibrant, domestic lithium-ion battery-manufacturing sector. The management of Gryphon Resources is well versed on the issues facing the U.S. and Canada as it relates to the demand and supply of lithium. In addition, the Company realizes that with the support of government programs, solutions will be found by turning potential finds into producing assets.
The lithium battery market is already worth over $4 billion annually, though this figure is mostly derived from its widespread use in portable electronic devices... ... - Read More
Most of the world's lithium supplies come from three Latin American nations - Bolivia, Chile and Argentina. This is potentially problematic, That's because there are various technical and geopolitical hurdles... ... - Read More
There is pressure for the U.S. Government to find a" made in America" solution to the anticipated lithium surge in demand. At times this may seem a daunting challenge as the US is home to only one lithium producer... ... - Read More
The White House is championing the mass adoption of lithium-ion batteries as the most efficient way to electrify motorised vehicles. In 2009, alone, the US federal government granted over $25 billion ... ... - Read More
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Share Structure: Entity Public Float $68,675,000 Authorized Shares: 400,000,000 Float: 47,780,000
Shares Outstanding: 117,425,000 Shares Fully Diluted: 117,425,000 Recent financing: $623,000 Average Q3 daily trading volume: 75,355 Symbol: GRYO on US-OTCBB
STOCK MARKETGryphon Resources Inc. OTC.BB SYMBOL: GRYO Frankfurt G54.FSE
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