Bearing Lithium Corp (BRZ)

[Dr_Vonschellan]

Even_newbie Brazilian_lithium miners_will beat_us into_production
https://www.bnamericas.com/en/news/sigma-readying-construction-at-brazils-grota-do-cirilo-lithium-project

Sigma Lithium Resources snapped their fingers to raise US$24,000,000 in a share offer and was bombarded with an over subscription totaling US$33,000,000 as new investors piled into this Brazilian project which is not even in the Lithium Triangle like MSB-SpA.

Sigma is slated to mine 220,000mtpa of lithium carbonate (est 42,000mtpa LCE) with a Phase 1 CAPEX budget of $82M that already has the financing in place set to complete in the first quarter of 2022. Sigma's offtake agreements are already in place with Korean and Japanese firms like Mitsui who fronted Sigma $27M.

And here we (MSB-SpA) sit in Chile atop a gold-mine lithium project and the stupid beaners in Santiago running our project can't even pull their thumbs out of their asses much less line up a similar $82M phase 1 CAPEX or even one single offtake agreement to get "our" ball rolling.

To be beat into lithium production by Brazil will be the ultimate humiliation for us.

The Doctor