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Bearing Lithium Corp. (BRZ.V)
TSXV - TSXV Real Time Price. Currency in CAD
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At close: 03:47PM EDT
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This is a cheaper way to get into Maricunga lithium project than LPI.AX
Hello? Where's the volume? People? News ...?
A good and recent Due Diligence report on the Maricunga project can be found at.....
According to that report, assuming the upgraded 43-101 and DFS come in as expected, it will result in a significant upward move in the share price.
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Rumours of an electric vehicle company getting involved here...
WTH? 2.09 from .20
THIS NEWS JUST RELEASED:"• It is expected that the existing non-binding MOU with “MSB”, announced to the TSX/ASX on 11 May 2021, will progress to be binding in Q1 2022. ...........
• An updated JORC/43-101 Resource Report is due for finalization and release mid-September 2021.
• An updated Definitive Feasibility Study (DFS) is due for release in early November 2021.
• “MSB” is also pleased to advise that it is in discussions with several other potential international partners to take a financial position, with both debt and/or equity, in the development of the project.
Lots of insider buys in the past few months. Including the CEO, CFO, members in the board. They are really looking for this to grow with the upcoming high demand for EV and green energy.
finally some movement!
Up up and away! Needs to swing past wall at .25.
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New green deal. Here we go. Lithium is the new oil...
Halted, hoping for some great news!
Here's a bit of terrific news - The Ministry of Mining published in the Official Gazette the decree that establishes requirements and conditions for the exploration, exploitation and benefit of deposits of the mineral substance.
With the objective of increasing the development of the lithium industry in Chile, the Ministry of Mining decided to call a public, national and international bidding process , in order to allow the exploration, exploitation and benefit of lithium deposits.
The measure was published today in the Official Gazette and specifies that it intends to strengthen the country's strategic participation in international markets, which are in a projected growing demand for this mineral substance.
For this, contracts will be signed for a limited duration of 29 years and a maximum quota of 160 thousand tons of lithium. In addition, the document indicated that marketable metallic lithium extraction quotas will be granted that "will materialize through the signing of the corresponding special lithium operation contracts."
The Ministry of Mining will select one or more contractors to develop the exploitation of the mineral . The tender will have a total of 400 thousand tons of marketable metallic lithium, divided into five individual quotas of 80 thousand tons each. In this way, participants may be awarded only two quotas, which is equivalent to a maximum of 160 thousand tons.
It may interest you: Drilling intersects high-grade extensions in Marimaca's oxide deposit
Within the conditions established by the decree, there is the impossibility of dividing, selling, assigning or transferring the lithium rights . As stipulated in the decree, "they may not be the subject of a contract after they are granted and, to carry out a transfer to a third party, this must be authorized by the Ministry of Mining."
This is going back to February 2017 highs. Has been in the works for a long time, but now with all these car manufacturers going EV, it is finally the time you see these stocks boom. Im speculating a buy on FCC.V as well.
The M&A continues in the lithium sector. 21 Dec. 2021 - RIO TINTO acquires Rincon lithium project in Argentina for $825M. Large resource but undeveloped and a little difficult to extrapolate to the value of Maricunga and specifically BRZ. But since BRZ is 17% of Maricunga and BRZ market cap is C$26 -US$21M, then the Maricunga market cap is $21 divided by 17% or US$124M. That suggests a difference of 6.6x. This reinforces another recent takeover on NeoLithium suggesting a 7 bagger awaits BRZ shareholders based on equivalent valuation metrics.
Bidding wars becoming common. US$400million offer by Lithium Americas for Millennium Lithium. 17% of Millennium equals US$68 million x 1.23= Can$83.6 million . That equivalent value calculation suggests the mkt cap of BRZ should be in the range of Can$83.6 million and sp0.90 Can$ ie a triple from here based on 92.7 million shares outstanding. And Maricunga will attract a higher multiple because it is much further advanced than Millennium and an upgraded DFS about to be released in Dec.
Share price is moving up with the support of high volume. This is a good sign
In Q1 2021, battery grade lithium carbonate prices in China have increased by 72% Q-o-Q to >US$11,500/t and have continued to rise exceeding US$13,800/t in May 2021. Lithium hydroxide has followed the same trend. Meanwhile the price trend is up and to the right. Biden and other country infrastructure spend will further accelerate not just EV's but also utility scale energy storage for solar and wind like Tesla's Megapak. Benchmark is tracking over 200 gigafactory battery projects worldwide. All this suggests HOLD YOUR SHARES for maximum gain.
According to LPI on the 17 Dec. 2021 PR, release of the updated Definitive Feasibility Study (DFS) for the Maricunga Project Stage One development previously announced for mid-December 2021 has been moved to mid-January 2022. This is to reflect and update the more bullish lithium market seen in the past 6 months.
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