Advantage Lithium Corp AVLIF

RE:RE:RE:RE:AAL and Orocobre deal

[George98]

well said, lithormon.

And McElroy plays a key role in advancing AAL's lithium projects. He adds a lot of value to the Board...

 

lithomon wrote:

George98 wrote: But it seems some do not like this news and rated me with one star. Never mind. Facts and facts and AAL is the primary takeover target in the lithium space.

Yes George, I agree 100%.  Every rising junior typically requires a strategic investor.
In this business arrangement between Orocobre and Advantage Lithium, having a growing Lithium producer own almost 32% of the outstanding shares of AAL adds a high degree of substance and strength to the AAL share price.
As well, Orocobre (with its ownership in AAL) also gets the opportunity to participate in Nevada's evolving developments of 'brine' lithium and 'surface lithium claystone' discoveries in relatively close proximity to the Tesla gigafactory. 

For instance, a short distance from AAL's 'brine' borehole discovery heading in a southward direction is the developing surface and sub-surface lithium claystone project under Joint Venture operations between Pure Energy and Cypress where some of the highest ever lithium concentrations have recently been reported by PE at 3830 PPM or ~0.82% Lithium Oxide.  Numerous samples reported lithium concentrations above 1000 PPM.  Test work at a Reno lab has recently indicated approximately 95% Lithium recovery rate of the surface lithium claystone rocks.  Pure Energy's technical team interprets this northern area of highly enriched lithium to connect beneath the covering sediments with the large anomalous lithium areas farther south.

Spearmint, SRJ's Mcgee property to the south of the Cypress Dean project, is adjoining the Cypress property, as well as, adjoining Pure Energy on SRJ's west boundary line.  SRJ recently initiated its grid sampling program of the surface lithium claystone rocks that exist on the McGee property.  Results pending.

In all, very interesting exploration activity taking place on the Eastern extension of the Albemarle Silver Peak Brine Lithium Mine, currently the only lithium producer in North America.  What is interesting is that most reported lithium concentrations in the brine (AAL) and surface lithium claystones exceed the lithium values that Albemarle is producing. 

So George, your theory could play out with Albemarle taking a serious look east at all this positive exploration activity with corresponding strong lithium results.