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By all means prove me wrong lol. Over a billion shares outstanding now
It is both comforting and encouraging to hear from like-minded fellow investors. It has already been a roller coaster journey; most have gone from being down 70+%, to now showing decent gains. I’m glad you are all here, there is much more to come!
Both sqm and albermarle are announcing huge expansions and fund raising plans. All through their own stock dilution. The timing is just right!
https://www.bizjournals.com/charlotte/news/2021/02/04/abemarle-plans-13b-stock-offering.html
https://www.mining.com/sqm-shareholders-approve-1-1-billion-capital-increase/
Albemarle Corp shares slipped 1.5% in extended trading on Tuesday after the world’s largest producer of lithium launched a $1.3 billion share offering to fund its growth plans and pay down debt..... Albemarle Corp, which has a debt of $2.9 billion as of Sept. 30, said it would use the net proceeds of the offering to expand operations in Australia, Chile, Nevada and China.
https://www.mining.com/web/albemarle-shares-slip-on-1-3-billion-stock-offering/
Buy up the whole valley!
Happy to have you here.
I added more under .10 today too. GLTA
Most have lost their patience after their other lithium plays went up. Deep pockets here for sure. I agree with you, patience.
Now that’s simply not true.
Section 10.3 of the Sorcia licensing agreement
Audits
Upon the request of Ibat, ..., sorcia Shall permit an independent public accountant selected and pAid for by Ibat To have access during regular business hours To such records as necessary to verify The accuracy of royalty payments made
And nope. Company website says no debt
And 10% interest in Ensorcia. With no debt.
Operating Costs for various junior lithium competition (USD per metric tonne lithium carbonate)
STLHF- OPEX per one metric tonne of production is US$4,319.
LLKKF -Opex of US$4178/tonne Li2CO3.
Lithium Americas at Thacker Pass - $4,088/t of lithium carbonate
EEMMF - USD $3,656/tonne OPEX
These values are taken off the respective company's website and filings.
Burba, show us what you got!
My bet would be IBAT doubles to $.70 before E3 to $3.50.
I have yet to see real numbers released for true production costs of DLE technology. Have you seen any? We could very well become the first one out there with verified results from an independent, USACH.
According to the agreement, the USACH will validate the lithium chloride extraction and production processes developed in a plant created by Sorcia / IBAT and implemented in the university-affiliated salars, which will enable the extraction of lithium in all salars, even those with low concentration.
This agreement was reached after USACH carried out studies on different available technologies and decided on Sorcia / IBAT to develop a sustainable and environmentally conscious process.
https://en.prnasia.com/releases/apac/sorcia-minerals-and-the-university-of-santiago-announce-the-signing-of-a-r-d-i-agreement-in-the-extraction-of-lithium-299350.shtml
Anticipated Schedule
• Equipment Delivery to the Designated US Port-April/May, 2021
• Equipment Assembly and Water Testing –Q2, 2021
Perhaps Boston, for testing at IMPACT?
I didn’t realize spearmint had brine deposits too. This is great news.
Nonfinal to final to nonfinal to final to notice of allowance. Bottom line, burba got it done.
CHENGDU CHEMPHYS CHEMICAL INDUSTRY CO., LTD
Application Number: 16/760,725
https://assignment.uspto.gov/patent/index.html#/patent/search/resultAssignee?assigneeName=CHENGDU%20CHEMPHYS%20CHEMICAL%20INDUSTRY%20CO.,%20LTD
A method for preparing battery grade and high purity grade lithium hydroxide and lithium carbonate from high-impurity lithium sources includes steps for preparation of a refined lithium salt solution, preparation of battery grade lithium hydroxide, preparation of high purity grade lithium hydroxide, preparation of high purity grade lithium carbonate and preparation of battery grade lithium carbonate.
This sounds like the step after they receive the chloride solution from IBATs mobile units
NRG Metals, Inc. Was renamed Lithium South with Alison dai as a director. https://www.lithiumsouth.com/company/
SOUTHERN LITHIUM TEAM
Chemphys
DIRECT LITHIUM EXTRACTION & PROCESSING TEAM
Chemphys have an 11-member technical team working full time on development of the Direct Lithium Extraction Technology. Founded in 1998, Chemphys is recognized as one of the world’s leading lithium processing and technology companies with over 22 patents (valid and under application) developed in-house.
It makes me wonder why Sorcia Minerals partnered with Chemphys if chemphys has their own DLE tech. Are they trying to rip off IBAT?
Luckily, the 50 million new shares do not have this clause.
if they get revenue coming in first and then use an RS to uplist to nasdaq then the share structure is less troublesome. Hopefully they really are fully funded now and dilution stops
Here’s what I don’t like
Share Structure
Market Cap-
$78,471,811
01/15/2021
Authorized Shares
Unlimited
01/14/2021
Outstanding Shares
835,428,624
01/14/2021
https://www.otcmarkets.com/stock/LLKKF/security
And they are constantly diluting
Current shares- 835,428,624
2020 Shares-671,461,957
31 Dec 2019 Shares- 514,532,056
30 Jun 2019 Shares-457,296,162
So, if they decide to RS, which I believe they eventually will need to, what do you think will happen next?
Ya Just a few.
Big day in Canadian market
There’s no way this is an 8 billion dollar company. $10 Maybe after a 1 for 10 RS. JMO
The company's filing status is listed as Forfeited Existence and its File Number is 0802936634.
Corporate Filing 1
Business Information
Filing Type: CURRENT
Filing Number: 0802936634
Name: SORCIA MINERALS LLC
Name Type: LEGAL
Additional Name Information: DBA INACTIVE DATE: 02/28/2020
Filing Date: 02/15/2018
Filing Type: CREATION
Status: INACTIVE
Place Incorporated: TEXAS
Date Incorporated: 02/15/2018
Partnership: NO
Status Comment: RIGHT TO TRANSACT BUSINESS: FORFEITED
Date Last Seen: 03/02/2020
I take this as they are no longer part of sorcia.
Ross J. Beaty, of 1550 - 625 Howe Street, Vancouver, British Columbia
International Battery Metals Ltd.
625 Howe Street
Suite 1140
Vancouver, BC V6C 2T6
Canada
same city, same street, about 9 blocks down.
maybe this isn't crazy...
It would really be something if this were Ross. But, why would someone like him go through a tiny Swiss investment company to have it registered in the British Virgin Islands.
Maybe this is a long shot... but could Beaty metals have something to do with billionaire mineral entrepreneur Ross Beaty?
Beaty metals- alittle different than Beaty limited on the first placement.
“ During the gold rush its a good time to be in the pick and shovel business.”
-Mark Twain
The same applies to lithium
Integra Lithium Timeline
Project Rationale
2020 / 2021 Consolidation and Exploration
2021 Pre Feasiability
2022 Definitive Feasibility & Pons construction
2024 / 2025 Production
40.000 - 80.000 Tn LCE
Reserves 2,000,000 to 3,200,000 million Tn of LCE
Blue Sky - + Additional Land Reserve Potential
This is not 5-7 years of construction for conventional methods. What does maltzoff have up his sleeve?
https://integralithium.com/wp-content/uploads/2020/09/IntegraLithium_Presentation.pdf
Always a good sign
Outgoing US President Donald Trump’s administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes.
Administration officials tell Reuters they plan to publish a raft of decisions on Jan. 15 that will expand miners’ access to federal lands, give final approval to Lithium Americas Corp’s Nevada lithium mine
https://www.mining.com/web/trump-hurries-to-loosen-mining-regulations-approve-projects/
Maybe they will buy spmtf’s lithium holdings.
Is this the same vistra as the Swiss/ integra energy guys?
Thanks for the heads up. Picked up some .05 this morning, hoping the rest of my order fills. Think this spin off will happen?
I’m surprised we made it to those levels without a demonstration or results. sit back and check back every 5th of the month, and follow the patent.
Look At that volume! A new high!
Him and all those stocktwits guys
Did you buy at .12?
Burba didnt need shareholders, he knew his private placements were coming. He may have wanted to keep price down, hence, no news. (He bought 500k shares back in June.) Anyhow, the Ensorcia licensing agreements, private placements, and tech were all there for anyone to read. It worked out well for me, gave me more time to accumulate.