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 > CATL News

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Comment by ddogoldon Sep 29, 2021 9:34am

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Post# 33936080

RE:CATL News

tiger2201 wrote:
Chinese battery maker CATL to acquire Canada's Millennial Lithium

https://www.reuters.com/article/millennial-lithi-ma-catl-idUSL4N2QU467

This story shows that CATL needs to secure raw lithium material for its batteries, and it is also important to control raw material cost. The most important thing is CATL needs MORE LITHIUM, including the lithium from NLC.

The following is ML's project:

4.1M tonnes LCE M&I
1.03 Billion NPV
24K yearly
IRR 24%
CAPEX 448M
OPEX 3,388 /tonne
40 yr mine life

tiger

I wonder how the Canadian Government would react if and when CATL makes an offer on NLC now that ML is being acquired ?