Liberty Star Uranium and Metals Corp (LBSR)

[gempicker]

Maybe, but ZTEM doesn't cost that much and they have been able to raise funds from private investors rather easily. There seems to be some dragging of feet going on, which leads me to believe either:

A. They have some entity who is being groomed to come in and JV Tombstone.

or

B. They are awaiting some big event in AK to promote the company to prominence and then move on the financing.

or

C. This is related to EB-5 funding.

IMO, the actions fit with A best. There is a reason HM came to the forefront, before all other claims and out of the JABA vault. Couple in the CT order, the expanding of claims and the high secrecy with Tombstone and it fits. Putting the Fairhills funding on the table adds some leverage for LBSR in negotiations. It would be extremely logical for a potential JV partner to continue negotiations at various stages, including subsequent to geochem findings and subsequent to ZTEM results. I would suggest however that the best leverage for a potential partner comes in BEFORE ZTEM.

The REE aspect sweetens the deal and note they specifically state it isn't asociated with the porphy, which now makes this whole region a potential hotbed. If REEs are in S AZ, then we can see even more attention to the region.