For electrification goals to be met, battery metal production will have to increase. For those looking for a high-potential jr in this sector, consider Allied Copper (Ticker: CPR.v or CPRRF for US investors).
Not only does CPR control 3 copper projects in Nevada, Colorado, and Utah, but the company also has a strong Lithium division (Volt Lithium).
The company's Rainbow Lake Lithium Project, located in Alberta, represents a world-class resource. The project contains an estimated 78 Billion barrels of Li-infused brine. Tests have returned lithium concentrations as high as 119 mg/L Li.
CPR's plan is to become the first commercial producer of oilfield brine lithium in North America. The company intends to extract lithium deposits from existing wells, which will reduce capital costs and lower risk. The Rainbow project contains over 1,300 producing wells.
Notably, CPR has 59% inside ownership, showing high internal confidence in the company. Today, CPR.v closed 10.64% up.
For those interested, CPR's investor deck has even more information:
https://www.alliedcoppercorp.com/_files/ugd/a0750b_579feb810cb9437fae4406e43d0670b0.pdf
Posted on behalf of Allied Copper Corp.