Another Lithium near term Producer Likely Eyeing FL LithiumYou can bet, Lithium Amierica's top Boss will be eyeing the latest high grade Lithium drill results of Frontier Lithium of 1,070 feet of 2% Lithium oxide with Lithium beginning in the drill core at a depth of just
one (1) mining bench down (about 30 feet) below surface from ground level and LAC likely prepared to make a move if delays of Thacker Pass continue throughout 2023.
A timely opportunity for LAC with FL trading in the low $2's & worth multiples upon multiples of future valuation once those rich Lithium deposits are in production and LAC has the treasury cash, market capitalization and "play-book" already written to fast-track into production operations.
FL's high grade Lithium mines are ready to go, to begin opening up the mine pit development phase with significant power line infrastructure now in place and substation nearby the Lithium gates of Frontier's discoveries.
Lithium Americas is already invested adjacent to one of Frontier's Lithium discoveries in the prolific Lithium rich district of Northern Ontario.
Highlight article of LAC's Thacker Pass delay from miningjournal.com,
Lithium America's Thacker Pass faces further delay
The company on July 28 told shareholders that briefings on the appeal were scheduled to be completed August 11 with a final decision expected shortly thereafter. Reuters, however, reported October 6 that the hearing for the lawsuit has been set for January 5, 2023.
"Today's news implies the Federal BLM appeals case is now expected to be resolved in early 2023 (from H2/22 previously), and as a result we expect the stock to trade below peers tomorrow as the uncertainty around the appeals case remains an overhang," National Bank of Canada Financial Markets analyst Lola Aganga said on October 6. The company received the ROD for Thacker Pass in January last year, while claims to appeal were filed against the bureau the following month.
The situation has become somewhat of a test case on how the US government will approach the development of new mines vital for the energy transition.
"We previously highlighted the BLM lawsuit ruling may present some headline risk till resolved, where if a negative ruling is issued, the case may then go to a longer trial," Aganga said.
"Thacker Pass represents one of the largest lithium resources in the United States at an expected initial production capacity of 40,000 tonnes LCE....."