PROGRESSIVE PLANET SOLUTIONS INC (PLAN)

[Sam Dan]

What's good for LIX is great for ABR
James Kwantes, in the March 13, 2016, edition of Resource Opportunities, refreshes his buy of Lithium X Energy Corp., recently $1.11. Mr. Kwantes said buy on Dec. 30, 2015, at 43.5 cents. A $1,000 investment then is now worth $2,550. Lithium X's stock has enjoyed an excellent few months as the company stirred up enthusiasm about its exploration-stage assets in Nevada, its newly optioned development-stage project in Argentina (called Sal de los Angeles) and its just-announced $7.65-million private placement of shares at $1.02. The financing proves to Mr. Kwantes that the "powerful team" at Lithium X -- particularly chief executive officer Brian Paes-Braga, executive chairman Paul Matysek and major backer Frank Giustra -- has been able to wield the shares as currency to pick up high-quality projects. He includes the new Argentine project in that category. Sal de los Angeles already has a historical (non-compliant) resource estimate and a historical preliminary economic assessment that showed favourable economics at lithium carbonate prices well below today's levels. Mr. Kwantes looks forward to seeing CEO Paes-Braga make progress on his stated goal of making Lithium X "the go-to pure play in the global lithium space."

R