Neo Lithium Corp NTTHF

Metals & Mining Industrial Metals & Minerals

Neo Lithium Corp is engaged in the business of exploration operations. Its principal business activities are the exploration and development of resource properties. Its project includes the 3Q project. It operates its business in the countries like Canada and Argentina, however, most of the revenue is generated from Canada.

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Neo Lithium Corp > Another Li project is off line

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Comment by tiger6301on Nov 04, 2019 3:07pm

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Post# 30306801

RE:Another Li project is off line

Here is a better article, as summarized:

"Lithium contained in Bolivian salt flats are higher in altitude, not as dry, and contain more magnesium (Mg) and potassium than in neighbouring Chile and Argentina, making the extraction process much more complicated and costly.

Uyuni’s higher rainfall and cooler climate mean that its evaporation rate is not even half that of Chile’s Salar de Atacama, where brine ponds evaporate quickly.

A lack of infrastructure and investor confidence in the Bolivian government are other issues negatively affecting Morales’ hopes for a developed lithium industry."

https://www.mining.com/bolivia-walks-away-from-lithium-project-with-german-company/

tiger

tiger6301 wrote: As NLC's presentation, Uyuni Lithium project has very high Mg/Li ratio, which may not be economical under current Li price. Also the project Germany partner DOES NOT HAVE Li experience.

So many expansions or developments are on hold, and it is good for the industry, and may take some time to balance out.

tiger

Bolivia scraps joint lithium project with German company
https://www.dw.com/en/bolivia-scraps-joint-lithium-project-with-german-company/a-51100873