New 52-week high The increasing popularity of Electric Vehicles is one of the main forces driving up demand for lithium. With lithium production projected to fall behind demand, jr. lithium companies such as Allied Copper Corp. (Tickers: CPR.V or CPRRF for US investors) have the potential to benefit greatly.
CPR.v reached a new 52-week trading high yesterday after announcing that the investor James Wylie increased his ownership of the company to 11.4% on a non-diluted basis. More here: https://ca.finance.yahoo.com/news/allied-copper-52-week-high-145000217.html
CPR controls several copper projects however the company belives that the lithium brine project controlled by its lithium subsidiary, Volt Lithium, is its best and most mature asset. With this, the company is set to change its name to Volt Lithium on April 20th, which will better reflect the company's lithium focus and possibly enhance its visibility in the lithium market.
Volt Lithium's primary lithium asset is the Rainbow Lake Property located in NW Alberta, which is estimated to contain 78 billion barrels of lithium-enriched brine with lithium grades of up to 119 mg/L.
Currently, Volt Lithium is preparing to launch a pilot program to demonstrate its proficiency in extracting lithium from Rainbow Lake's brines. This trial will allow Volt to refine its methodology, identify suitable equipment, and showcase the project's viability.
If the pilot production yields positive results, Volt will move forward with plans for commercial operations. To minimize shareholder dilution, Volt intends to start with modest lithium production and gradually expand operations as it generates more capital.
More information on Volt Lithium/Allied Copper here: https://emergingmarketsconsulting.com/allied-copper/ Posted on behalf of Allied Copper Corp.