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West Red Lake Gold Mines Ltd WRLGF


Primary Symbol: V.WRLG Alternate Symbol(s):  V.WRLG.WT | WLGMF | V.WRLG.WT.A | V.WRLG.NT.U | V.WRLG.WT.B

West Red Lake Gold Mines Ltd. is a Canada-based mineral exploration company. The Company is focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 square kilometers (km2) highly prospective land package in the Red Lake district of Ontario. The Madsen Property comprises a contiguous group of approximately 251 mining leases, mining patents and unpatented mining claims covering an aggregate area of 4,648 hectares (46.5 km2). It also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines: Rowan, Mount Jamie, and Red Summit. The Rowan Property is comprised of 146 claims, including 58 patented claims, 20 leased, 65 staked crowns and three under license of occupation. The 3,100-hectare Rowan Property covers 12 km of strike length on the regional east-west trending Pipestone Bay St Paul Deformation Zone.


TSXV:WRLG - Post by User

Post by MarketMakersson Sep 12, 2024 6:33pm
77 Views
Post# 36221297

Lithium Prices to Rebound 20-25% - Citi Research

Lithium Prices to Rebound 20-25% - Citi Research With lithium prices predicted to rebound by 20-25% over the next few months according to Citi Research, largely due to supply curtailments and the ongoing rebalancing of physical markets, the lithium sector is attracting renewed attention.
 
Partially driven by the suspension of operations at CATL's lepidolite mines in China, which account for approximately 6% of total lithium supply and led to an 8% rise in lithium futures, this resurgence could drive further price increases through the increasing demand for lithium in global electrification efforts, particularly in the electric vehicle (EV) market.
 
Despite bearish lithium sentiments over the past year, the report forecasts prices rising to $13-14k/ton for lithium salts and $950/ton for spodumene concentrate (SC6).
 
Direct Lithium Extraction
One technology that stands out in this evolving landscape is Direct Lithium Extraction (DLE), a method that efficiently recovers lithium from brine sources.
 
DLE offers a faster, more sustainable alternative to traditional lithium extraction methods and has garnered significant interest for its potential to meet rising lithium demand while minimizing environmental impacts.
 
EMP Metals
A prominent player in the North American DLE sector is EMP Metals Corp (EMPS.c EMPPF) as they've  made impressive strides in lithium brine extraction, particularly in the mining-friendly jurisdiction of Saskatchewan, Canada, where the company is targeting the Duperow formation.
 
Recently, EMP Metals achieved a new industry benchmark in its pilot project, partnering with Koch Technology Solutions. The pilot reported lithium recovery rates of over 97% and impurity rejection rates exceeding 99%, positioning the company as a frontrunner in the DLE space.
 
With the current supply disruptions and heightened interest in lithium production, EMP Metals is well positioned to capitalize on these market dynamics. For those looking to gain exposure to innovative lithium extraction technologies in North America, now is an ideal time to consider EMP Metals as a distinctive player in this rapidly growing sector.
 
For more detailed insights into EMP Metals' breakthrough and its strategic progress, refer to this deep dive:
https://www.reddit.com/r/smallstreetbets/comments/1exagl1/today_emp_metals_corp_empsc_achieves_breakthrough/
 
Posted on Behalf of EMP Metals Corp.
 
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