Edison Lithium Corp V.EDDY

Alternate Symbol(s): EDDYF

Metals & Mining Industrial Metals & Minerals

Edison Lithium Corp. is a Canada-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium, and other energy metal properties. Its lithium properties include Lexi Property, Salar de Antofalla (Antofalla) and Pinac Property, Salar de Pipanaco (Pipanaco). The Lexi Property is located in the Province of Catamarca, Argentina and consists of over 26 mining claims. The Pinac Property is located in the Province of Catamarca, Argentina and consists of over 11 mining claims. It also holds a 100% interest in the Lake Kittson Cobalt Property (Kittson Property), located in the Kittson and Coleman Townships of Larder Lake Mining Division in Northeastern Ontario. The Kittson Property consists of over 160 unpatented mining claims, and a single patented claim. Its alkali properties include Whiteshore property, which is in Saskatchewan, the others being the Ceylon Lake, Freefight Lake and the North and South areas of Capri Lake.

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Edison Lithium Corp

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Post by 10bagson Feb 24, 2017 11:53am

110 Views

Post# 25889505

Nce pullback

This is a great buying opportunity, IMO. I've added more shares to my position. PAM has some of the highest cobalt grades reported so far. Of course, they're grab and/or historical samples and will have to followed up. But's still a pretty good start.

On top of that, cobalt prices are at 5 year highs, supply is tightening, demand increasing and hedge funds have invested $280 million on the bet that cobalt prices are heading even higher. It's not inconceivable that we might be testing $30/lb in the near term (my opinion).

https://www.irishtimes.com/life-and-style/motors/electric-car-makers-on-battery-alert-as-hedge-funds-stockpile-cobalt-1.2987018

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