Advantage Lithium Corp AVLIF

Lithium Deal Done and International Deals for AAL

[InvestLargeC]

The lithium deal with Nevada Sunrise closed today.
Great news for AAL and of course East West Petroleum (EW.V) that owns 2.5 million AAL shares and has producing oil and gas properties in New Zealand.

 

Two things from today's news:

 

I hope the drilling results from the upcoming program to be good and AAL to be a takeover target for Albemarle (ALB), Pure Energy Minerals (PE.V), Lithium X (LIX.V) and other neighbors.

 

The President talks about potential international lithium deals too:

 

David Sidoo, President and Director, of Advantage Lithium, commented, "We are pleased to have this approval in place. Four of the five lithium brine projects are drill-ready, including Clayton NE, which is immediately adjacent to Albemarle's lithium producing project of Silver Peak. Importantly, the certificated water rights we will be acquiring also pertain to the Clayton Valley. With drilling at Clayton NE planned for late September, and our continued progress in evaluating other strategic assets internationally, it is clear we are entering an exciting time for the Company."

 

 

The link with the news:

 

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[stocksfan]

If you look at where they are planning to drill, it's right along the Albemarle border. If I understand it correctly, it's a basin and they are drilling for lithium in brine.... I'd say odds are good that they are going to hit and that they will hit the same sort of grades that Albemarle is drilling and making money from.