RE:Cormark Buying at $1.50lithomon wrote: Makes sense as Cormark has been known to get quite active into Lithium as the company Co-Managed the $400-Million financing for Lithium Americas in 2021.
Cormark now aligning itself with the next Lithium developers raising funds to advance towards the progressive milestones leading to Lithium production operations, i.e. CRE & FL.
In the situation of FL, now finally drilling into high grade Cesium (2.5%) in tandem with higher grade Lithium (1.75%) at its 2nd Lithium mine discovery deposit, 1 mile distance from 1st Lithium mine.
Nonetheless, Coremark envisions both developments on the pathway to construction & production operations.
With Albemarle raking in a ton of Lithium profits at record high Lithium prices (and expected to go higher), with share price in the US $240 price range, it will make prudent growth decsion making to acquire Li-Ta and Li-Cesium Ready-To-Mine developments, the likes of CRE and FL respectively (unless other major Lithium chemical companies get the jump on ALB).
Research report available at private Facebook group: Critical Elements Lithium Shareholders (CRE) --
https://www.facebook.com/groups/2056662157807262