Yahoo Finance Untapping Canada‘s Hidden Lithium Treasuries
ZURICH, SWITZERLAND / ACCESSWIRE / April 11, 2016 / Today, mining analyst Stephan Bogner published an update on 92 Resources Corp. (TSX-V:NTY.V - News).
Marc Davis from BNW News hit the nail on the head with his latest article on Canada's untapped lithium resources waiting to get the attention they deserve in a rapidly changing world, in which batteries are set to catapult lithium demand by +400% within the next 4 years.
With a market capitalization of less than $2 million, 92 Resources Corp. announced in March to acquire the Hidden Lake Lithium Property near Yellowknife in NWT, Canada, with historic grades between 1.4% and 3% lithium oxide (Li2O). For comparison: Nemaska's Whabouchi Deposit in Quebec averages 1.5% Li20.
Rockstone is looking forward to the closing of the ongoing $300,000 financing, out of which $100,000 are still to get placed at 5 cents (including one half of a warrant exercisable at 10 cents for 2 years). Considering that 92 Resources' share price has been trending confidently above 5 cents recently, Rockstone expects the closing shortly, whereafter the start of an exploration program is anticipated.
The full research report can be accessed with the following links:
English (PDF):
http://rockstone-research.com/images/PDF/92Resources2en.pdf
English (web version):
German (PDF):
http://rockstone-research.com/images/PDF/92Resources2de.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
