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SourcingLink.net (OTC Pink: SNET) - Lithium Claims - Tesla Motors, Inc. Backbone
Date : 06/24/2016 @ 7:00AM
Source : InvestorsHub NewsWire
Stock : Sourcinglink.net, Inc. (PC) (SNET)
Quote : 0.125 0.0 (0.00%) @ 6:47AM
SourcingLink.net (OTC Pink: SNET) - Lithium Claims - Tesla Motors, Inc. Backbone
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Miami, FL -- June 24, 2016 -- InvestorsHub NewsWire -- EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on SourcingLInk.net (OTC Pink: SNET)

SourcingLInk.net (OTC Pink: SNET) is New to EmergingGrowth.com.
See the Report on EmergingGrowth.com
http://emerginggrowth.com/sourcinglink-net-otc-pink-snet-lithium-claims-tesla-motors-backbone/

Sourcing Link.net (OTC Pink: SNET) is a little known lithium exploration and drilling company that has yet to benefit from the lithium rally.

Gold’s rally may be soaking up a majority of the headlines and limelight, but there is one commodity that has outperformed gold while remaining mostly under the radar. While gold is up nearly 20% year to date through June 2016 with one of its best performances in over three years, lithium prices outperformed in 2015 and are primed to continue its massive rally.

San Diego, CA-based SourcingLink.net, Inc. (OTC Pink: SNET) is an emerging lithium/rare earth company exploring the Lac Fire and Eldor properties in Quebec, Canada. The company is exploring eight claims in the Lac Fire property and also 34 claims (3,951 acres) on the Eldor property.

Lithium carbonate prices were around $6,000 per ton back in 2014, but have since risen to $13,000 per ton in 2016, and some prices even as high as $23,000 per ton has been paid by China this year, as demand ramps up. The enormous demand for lithium comes as Goldman Sachs Group (NYSE: GS) calls lithium the “new gasoline,” and the commodity is seen as the key to the electric car future.

Tesla Motors Inc (NASDAQ: TSLA) founder and chief executive office, Elon Musk, has been one of the major drivers of price appreciation in lithium carbonate prices this year.

Musk believes that with the new gigafactory going up in Nevada, Tesla will be able to produce 500,000 electric Tesla vehicles per year by the year 2020. “In order to produce a half million cars per year…we would basically need to absorb the entire world’s lithium-ion production,” detailed Elon Musk on the gigafactory progress.

As of June 2016, SourcingLink.net, Inc. (OTC Pink: SNET) had a market value of $5.2 million. In addition, the lithium explorer and developer had 900 million authorized shares, 41.61 million shares outstanding, and a float of 5.92 million, as of April 2016.

SourcingLInk.net (OTC Pink: SNET) is New to EmergingGrowth.com.
See the Report on EmergingGrowth.com
http://emerginggrowth.com/sourcinglink-net-otc-pink-snet-lithium-claims-tesla-motors-backbone/


Other Emerging Growth Companies in the Space

Galaxy Resources, Limited
Australian lithium mining company, Galaxy Resources Limited (OTC Pink: GALXF) engages in the exploration and production of lithium carbonate across the company’s Australian operations, Canadian operations, and Argentinian operations. Galaxy Resource Limited (OTC Pink: GALXF) has seen shares climb 335% year to date, as Galaxy Resources Limited (OTC Pink: GALXF) remains a top player in Australia lithium production and the company’s strong relationship with Chinese clients. In fact, Galaxy Resources Limited (OTC Pink: GALXF) entered into a $36 million agreement in March 2016 that involves the sale of 60,000 tons to two Chinese lithium converters. The contract will also see delivery of an additional 120,000 tons in 2017 to the Chinese clients with a price that is to be decided on lithium market price at the time.

Lithium Corporation
Lithium Corporation (OTCQB: LTUM) is a New York-based miner that focuses on the acquisition and development of lithium and flake graphite properties in British Columbia and Nevada. Lithium Corporation (OTCQB: LTUM) current has two lithium properties in Nevada that spread across 3,200 acres: Fish Lake property and San Emidio property. Lithium Corporation (OTCQB: LTUM) has seen shares climb nearly 214% year to date, as the company continues to focus on its lithium fields. As of June 2016, Lithium Corporation (OTCQB: LTUM) had a market cap of $7.13 million. Furthermore, the mining company has 3 billion shares authorized and 77.61 million shares outstanding, as of April 2016.


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