LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF)
LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF) is positioning itself to attempt to become one of the world’s major suppliers of lithium. Demand for lithium is currently around $30 billion but projected to grow to as much as $78 billion by 2024 – an annualized growth rate of over 11%. The projected growth of lithium demand is largely due to the explosion in mobile devices and alternative energy production.
LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF) has assets in the prolific lithium triangle of Salta Province, Argentina. Their Sal de los Anegles project sits on 20,100 acres in that key region. This project contains high-grade lithium brine. Lithium brine is more desirable to brine found in hard rock due it the lower extraction costs. LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF) is also exploring the 83,650 acre Arizaro project located close to their Sal de los Angeles project. The Arizaro lands are some of the least explored areas for lithium brine however there are initial indicators that hint at the existence of elevated lithium brine levels. Lastly, LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF) has two large properties in Clayton Valley, NV – over 15,000 acres. The properties are located adjacent to North America’s only producing lithium operation which is own and operated by Albemarle which happens to be one of the world’s largest producers of lithium.
In February, LITHIUM X ENERGY C COM NPV (OTCMKTS:LIXXF) was recognized by the TSX Venture 50 and ranked #1 in the mining sector. TSX Venture Exchange is Canada’s leading capital formation platform for growth stage companies and an important part of Canada’s vibrant and unique capital markets continuum. However, as an exploration company, Lithium X revenues have not yet appeared. In 2012, the company reported a Net Income loss of (-$160,605) and that grew to a loss of (-$5.26) million in 2016.
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About the author: Marc has a degree in economics and a MSc. in Finance. Over his 20-year career, Marc has worked for global investment firms in Europe and the United States as an analyst, fund manager, and consultant.