Monday, December 04, 2017 11:20:56 AM
http://globalsmallcaps.com/2017/12/04/join-the-lithium-boom-with-far-resources-ltd/
Summary of Our Research Findings
Driven by fast-expanding demand for lithium ion batteries, lithium has become the new glamour metal with both prices and expected demand soaring.
While the demand for lithium ion batteries from the consumer electronics space had already stretched the supply chain, the fast-growing market for electric vehicles is adding additional fuel to the demand fire. It is estimated that at a 100% electric vehicle penetration rate supplies of lithium would need to grow by over 3,000%.
Fortunately, the world has plenty of lithium. It just needs to be mined. Far’s Zoro Mine has produced strong test results indicative of a major lithium deposit.
Far Resources is operated by a management team with significant experience in both finance and mining operations. We expect the drilling program to continue into the winter of 2018 and we are awaiting further test results.
In addition to lithium, it also appears the Company’s claim in Manitoba, Canada could also have a significant deposit of tantalum, an element that is being increasingly demanded by the electronics industry in order to facilitate the miniaturization of consumer electronics devices. Recent test results have been very positive with management now indicating further prospecting is a priority.
Fully reporting and audited, the company appears well-positioned to capitalize on the rapidly changing market dynamics of the lithium supply chain.
Far Resources, Ltd. (OTC:FRRSF)
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