Macro Trends Supporting Exploration Lithium is one of the most in-demand resources in the world, especially as car manufacturers scramble to sign agreements with miners in order to secure the valuable supply. Especially with China now moving out of its zero COVID policies, manufacturing is only going to increase moving into the near and long-term future.
https://www.barrons.com/amp/articles/evs-lithium-batteries-demand-outlook-51674672805
For those who aren't familiar, Scotch Creek is a company focusing on developing lithium assets in Nevada (close to the Tesla gigafactory).
- Clayton Valley is a closed-basin brine deposit spanning 9,450 acres of land with 2 projects located within.
- The 100% owned Highlands West is directly adjacent to a multi-billion dollar lithium company’s property and is host to multiple types of lithium mineralization.
- Similarly, the Macallan East borders Pure Energy’s lithium project and has already completed a couple of drill holes.
- The Miranda Project covers 5,360 acres and is 20 miles southeast of Albemarle's Lithium operation in Clayton Valley. With early drill results indicating lithium and easy vehicle access, definitely a lot to look for as they progress through the early stages of exploration.
Overall, the $12.5M valuation makes this definitely one to keep an eye on. With the second Macallan project drill hole completed, 33 segments of core samples were taken for analysis and should have some interesting results.