Bearing Lithium Corp fka BRGRF

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Here are 5 reasons to keep a close eye on Bearing Resources $BRGRF:

#1 Prime Time Play in World’s #1 Lithium Venue

The biggest share of the world’s lithium comes from Chile, whose Atacama area produces 40 percent of our global supply right now.

And while it hasn’t always been easy to get around the government to mine lithium in Chile, that’s suddenly changing. Chile has enough lithium to supply the world for decades, according to the Financial Times, but the country has been painfully slow in exploiting its lithium.

Now, there is a new urgency. The lithium boom has forced the Chilean government into a major turnaround. The precious metal is now the new Chilean gold.

As a testament to this, Chilean President Michelle Bachelet has even ordered state-run Codelco to move ahead with lithium projects in Maricunga and Pedermales to promote new production. She also just signed a bill into law to inject US$975 million into the company to help it along.

The Chinese are all over Chile’s lithium as well. Chinese and Korean investors are in advanced talks with the Chilean government to open up a $2-billion lithium battery mega-plant that would feed on the country’s lithium riches—and may start Chinese hoarding of supplies as EVs hit the mainstream and everyone scrambles for the precious metal behind the batteries.

U.S. mining giant Albermarle Corporation (NYSE:ALB)—the company with the only existing lithium mine in the U.S.—is also banking big on Chile, striking a deal to increase its lithium production from an existing facility there. On 4 January, the government approved its expansion plans.

But the small-cap that leads the day here is Bearing Resources, which has just moved to acquire a 17.67 percent interest in Li3 Energy Inc.’s Maricunga Lithium Project—the 4th top lithium brine project in the world.