Lithium-Ion Batteries for Hybrid Vehicles?
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Rumor milll has it recently that Minera Andes (MAI:TSX), one of our longtime favorite stockpicks here at Mining101, could be a takeover target for another one of Rob McEwan's companies, the well-capitalized US Gold (UXG:TSX)
US Gold has primarily been focusing on gold in Nevada so it's a bit of a stretch to assume it wi considering taking over Los Azules (copper) and the non-operating interest of San Jose (gold/silver).
US Gold has the ideal gold explorer model down pat - value is created in the discovery and exploratino phase for shareholders. By the time mineral reserves are proved the value has been created from pennies to dollars - investors who risk getting in early has already won the rewards.
This is a very similar path for Canada Zinc Corp (CZX:TSX) who has had a difficult journey so far proving a significant resource on a commodity that fell out of favor at the height of the financial storm of 2008.
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TNR Gold Corp (TNR:TSX) is in the middle of closing its Private Placement - and understandbly seenig some selling pressure. Why this is usually the case is participants in the PP would sell their current shares (presumably around the PP level price) and in return get a share + warrant.
A warrant has a certain price level and is an excelllent low-risk way to have additional exposure to profits in case the stock runs later on news of results.
The company confirms portions of the proceed will be used to develop a 43-101 resource on a key asset from which International Lithium will go public on. Our guess is the large Mariana lithium brine lake, which spans 120 squared kilometres of liquid. Can you imagine what the resource estimate will be?!?
Production is simple
Example of a large lithium lake
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