ANOTHER 60 LTHIUM MINES NEEDED BY 2030
According to International Energy Agency. Some of the 60 will be needed in North America to ensure supply chains for strategic reasons. Successful projects will have good resourece in terms of quantity and quality of resource. (Electric Avenue checks those two boxes). Then there is the matter of access to capital. Imperial Valley has geothemal properties with lithium brine in good supply. They think they can provide all thew lithium needed in North America. Anyway they have a lot of volume. Still some technical details still have to be worked out. Some additional steps to chemical grade lithim. They do have ready access to capital because Berkshire Hathaway (Buffet has geothermal power plants there) and GM are investing. And wherever Albemarbe goes, they have plenty of capital once they make an investment decision. Anyway the current drilling pogram adds value for sure but to be one of the 60 new lithium mineneeded in the world, someone has to invest a billion dollars. I don't think a pre-revenue microcap like FL can borrow it - too much interest to carry over the few years it will take to get mine operational. So the need to partner with someone at the right time for the right price. Or see the project catches every imagination and the shares sky rocket to point where selling additional shares becomes a robust source of capital.