LITHIUM AMERICAS C COM NPV
Shares of LITHIUM AMERICAS C COM NPV (OTCMKTS:LACDF) traded higher after the exploration and development company said a Preliminary Feasibility Study on its Lithium Nevada Project will be complete by the end of Q2 2018. The stock was up by 8.2%, to end Monday’s trading session at $1.72, as the company said the study will evaluate the economic potential of the mine in producing lithium hydroxide from lithium-bearing claystone.
The Lithium Nevada Project is the largest known lithium resource in the United States. 70 drill targets have been located. Initial studies indicate that the resource in the Project is near the surface and in some areas, the overburden consists of a hectorite clay.
LACDF Investor Sentiments
LITHIUM AMERICAS C COM NPV (OTCMKTS:LACDF) is currently trading in an uptrend as investor confidence on the stock continues to hit higher highs. Renewed investor interest in the stock follows the growth in demand for lithium in the battery industry given the push for electric cars.
The stock is up by more than 30% for the month after registering a new 52-week high of $1.74 a share. For the year, the stock is up by more than 150% as it continues to outperform the overall industry.
In a press release to investors, the company says it has assembled a technical team made up of alumni from several major industries to oversee the development of the Lithium Nevada project.
“With considerable work invested in resource definition and process technology, we believe the Lithium Nevada Project has the potential to be a leading low-cost and large-scale source of lithium products in North America,” said Dr. David Deal, the Chief Technical Officer.
Lithium Nevada Project Development
LITHIUM AMERICAS C COM NPV (OTCMKTS:LACDF) is advancing the Lithium Nevada Project with the objective of producing battery-grade lithium hydroxide from claystone. The company is using proven purification technology to produce high-quality lithium compounds. Test work is already underway at a leading lithium manufacturing facility, with a view of optimizing leaching and recovery conditions of lithium form claystone.
The company’s board of directors has already approved a budget of $10.5 million that is it be used to fund the Lithium Nevada Project through 2018. LITHIUM AMERICAS C COM NPV (OTCMKTS:LACDF) is also exploring a number of strategic partnerships/financing alternative that can be used to accelerate the development of the project.
I have no positions in any of the stocks mentioned, and have no plans to initiate any positions within the next 72 hours. All information, including any data, is provided without any guarantees of accuracy.
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