Lithium projects across the world need to become operational if we want to transition our transportation and infrastructure to become electric/renewable. The demand has caused prices to exponentially increase over the past couple of years with indications that the trend could continue over the decade as supply falls short of the rapidly increasing demand.
https://ca.finance.yahoo.com/news/cathode-materials-global-market-report-174800513.html
RR is a company not only developing lithium projects, but also nickel, gold, copper, and palladium. Their most promising project, Pocitos 1 in Argentina, is now planning to drill a fourth hole on the property after the previous three hit the targeted lithium bearing brine aquifers.
- NI 43-101 is well underway with continued progress as core and flow rates are sampled.
- Building a 20,000 tonne lithium extraction plant to supply Richlink Capital battery materials clients up to 20,000 tonnes of lithium carbonate per year under their LOI off-take agreement.
- At the current spot price of $70,000+ USD/tonne, that could generate a huge amount of recurring yearly revenue for the company.
Considering how most of the exploration risk has already passed due to the previous results and they’re already adding experts to help lead the company into the next stage as they develop the lithium extraction plant, there’s a huge amount of upside when considering the current $15M valuation. Don’t forget they also have a number of other promising properties that can supplement the success of Pocitos 1.