Umbral Energy to Explore for Lithium Brines in Utah

ZURICH, SWITZERLAND / ACCESSWIRE / April 26, 2016 / Today, mining analyst Stephan Bogner from Rockstone Research published an initiating coverage on Umbral Energy Corp. (CSE:UMB.V - News) as the company announced earlier today its plans to start exploring its newly acquired Tule Valley Property in Utah, USA. The Tule Valley is highly prospective for lithium-bearing brines as surface sampling in 2009 has yielded grades of up to 1,690 ppm lithium.

With a market capitalization of $3 million, Umbral's upcoming exploration program offers the potential to create significant shareholder value. With a market capitalization of $44 million, Crystal Peak Minerals Inc. is currently completing a feasibility study of its near-by Sevier Playa Potash-Lithium-Magnesium Project in Utah. Crystal Peak is targeting the production of potash, lithium and other minerals, through the use of a cost-effective solar evaporation process, and as such is a potential blueprint for Umbral and other companies targeting saturated brines hosting multiple minerals with economic potential.

The full report can be accessed with the following links:

English (PDF):
http://rockstone-research.com/images/PDF/Umbral1en.pdf

English (web version):
http://rockstone-research.com/index.php/en/research-reports/951-Umbral-Energy-to-explore-for-lithium-brines-in-Utah

German (PDF):
http://rockstone-research.com/images/PDF/Umbral1de.pdf

Disclaimer: Please read the full disclaimer within the full research report as a PDF as fundamental risks and conflicts of interest exist.

SOURCE: Rockstone Research