CPR.v closes up with 100% Buy rating on Barchart.com The junior lithium company, Allied Copper Corp. (Tickers: CPR.V or CPRRF for US investors) is currently up 11% on the TSXV with a 100% Buy rating on Barchart.com
Allied Copper Corp. is set to undergo a name change on April 20th, rebranding itself as Volt Lithium. This move is expected to greatly enhance the company's visibility and presence in the lithium market.
Volt Lithium's premier asset, the Rainbow Lake Property located in NW Alberta, boasts a substantial resource of lithium-enriched brine, estimated at 78 billion barrels, with lithium grades reaching up to 119 mg/L.
Volt Lithium holds the mineral extraction rights for Rainbow Lake, while its partner Cabot Energy controls the petroleum and gas rights. By leveraging Cabot's established infrastructure, Volt Lithium can avoid costly exploration efforts and gain a strategic edge over other junior lithium companies, making it an appealing investment choice for investors seeking exposure to the lithium market.
Volt has set its sights on being the first company in North America to achieve profitable commercial production of lithium from oilfield brine, positioning itself as a pioneer in this emerging industry.
The company is currently conducting a pilot production project at the Rainbow Lake Project to showcase its capability in extracting lithium from brines.
The objective is to achieve high lithium recoveries from the brine and generate compelling economic data to demonstrate the company's ability to profitably recover lithium from the project. The pilot project will process up to 250,000 litres of brine, and results are anticipated to be released by the end of June.
Watch here to see CPR's pilot program featured on Pinnacle Digest:
Posted on behalf of Allied Copper Corp.