Another interesting company that I think I will take a flyer in if I can figure out how to buy the stock is Talison Lithium (TSX - TLH) Don't know if I can buy off the Toronto Exchange.
Talison Lithium Inc. TSX - TLH is the world's largest primary lithium producer - production from its Australian operation fills roughly a third of the world's lithium demand and supplies 75% of Chinese demand.
Talison began trading on the Toronto Stock Exchange September 22nd 2010. The company's initial public offering (IPO) raised $40 million. An additional bought deal financing of $80 million, including over allotment, was recently announced. This money is being used to nearly double production at their Greenbushes lithium mining operation in Australia, and exploration at their new Salares 7 project in Chile.
The Greenbushes Lithium Operation has been producing lithium for over 25 years. The mine is located 250 kilometers (km) south of Perth/Fremantle - a major container shipping port - and 90 km south east of the Port of Bunbury - a major bulk handling port - in Western Australia.
Talison, as the only pure producing lithium play, offers potential investors many attributes:
Unique exposure to both mineral (hard rock) and brine sources of lithium
Talison is the primary lithium supplier to China - China is the largest and fastest growing consumer worldwide
Growing demand for lithium from traditional uses and new applications
Proven and experienced leadership
Highest grade lithium mineral resource in the world at its 100% owned Greenbushes operations
25 years of lithium production and sales history
Well established and diversified global customer network
Low cost, rapid plant expansion currently in progress
Salares 7: prospective brine exploration project in Chile
Potential lithium carbonate plant in Western Australia
Talison is the largest lithium producer globally by sales since 2009
