Subscribers,
Our latest trade idea continues to stay on our radar.
The upside hasn't eventuated yet, but we are still laser focused on U.S. Lithium Corp (LITH).
In case you missed it, our profile of LITH is below...
LITH is trading at $0.255 and has a 52 week high of $0.916 and just recently traded at $0.40.
Quite unbelievably, LITH has a super small market cap of just over $1 million. That's tiny. The smallest we've profiled in a long time. And the float is even smaller.
As you can see in the chart below, LITH is trading near the bottom end of its six month trading range of $0.20 to $0.40, making this an excellent risk vs reward trade idea.
About LITH
U.S. Lithium Corporation is an exploration and development company focused in North America on lithium and related resources for the rapidly growing energy storage industry.
The Company looks to capitalize on opportunities that can provide critical raw materials to the ever expanding next generation battery market. Lithium demand is projected to triple by the year 2025 according to a recent report by Goldman Sachs and for many analysts is considered the new gasoline of the future. Cobalt, nickel, and copper are other key elements with strong demand growth profiles associated with the projected five to six fold increase in battery demand over the next ten years.
U.S. Lithium Corp intends to be an integral part of this next growing industry.
Our current focus is in the Basin and Range province of Nevada and the mining friendly jurisdiction of Saskatchewan, Canada. Elon, our first project, is located in Clayton Valley and is in close proximity to Albermarle's Silver Peak Project, the only producing lithium brine mine in North America.
The Company's recently acquired Gochager Lake project, located in a very prospective area for Ni-Co-Cu deposits in Saskatchewan, has a comprehensive historical database with several previously defined anomalies.
Why Lithium?
Lithium, a key component for the lithium ion batteries used in electric vehicles, has garnered attention from mining companies, investors and the broader public in light of Tesla’s plans to manufacture its own batteries. The average price of lithium jumped 47% in the first quarter of 2016, according to data from Benchmark Mineral Intelligence.
Currently, lithium is experiencing increasing demand. Lithium batteries are more energy efficient than traditional nickel-metal hydride batteries, so they are extremely important throughout economic sectors such as the automobile and electronics industries. The increasing demand is met by the limited supply, meaning investments in lithium could have a large profit potential. Tesla(TSLA) previously
announced 500,000 cars annually by 2020, but in the most recent quarterly earnings call, the automaker revealed that it’s moving its production forecasts two years earlier to 2018.
The most important use of lithium is in rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things like heart pacemakers, toys and clocks.
Lithium metal is made into alloys with aluminium and magnesium, improving their strength and making them lighter. A magnesium-lithium alloy is used for armor plating. Aluminium-lithium alloys are used in aircraft, bicycle frames and high-speed trains.
Lithium oxide is used in special glasses and glass ceramics. Lithium chloride is one of the most hygroscopic materials known, and is used in air conditioning and industrial drying systems (as is lithium bromide). Lithium stearate is used as an all-purpose and high-temperature lubricant. Lithium carbonate is used in drugs to treat manic depression, although its action on the brain is still not fully understood. Lithium hydride is used as
a means of storing hydrogen for use as a fuel.
Current LITH Projects
ELON claims in Clayton Valley, Nevada
The ELON claim block consists of four 20-acre placer claims and is located in Esmerelda County, Nevada, and is contiguous to claims held by both PURE Energy and Lithium X in Clayton Valley. Clayton Valley is home to Albemarle’s Silver Peak Lithium Mine, the only mine producing lithium from brine in North America. Both PURE Energy and Lithium X are actively exploring their respective claim blocks in Clayton Valley.
The Clayton Valley area has been the focus of significant levels of exploration and acreage acquisition in recent months and is considered to be one of the best places for lithium exploration in North America.
Gochagar Lake Ni/Co/Cu Project
The Gochagar Lake property has grades of up to 3.92% Nickel, 0.70% Copper and 2.86% Cobalt as reported by the Saskatchewan government (Mineral Property # 0880). Historical resource estimates (non-NI43-101 compliant) were generated in 1968 and 1990. The 1968 resource for the Gochagar deposit calculated 4.3 million tons grading 0.30% Ni and 0.08% Cu. J.S. Steel, reported in 1990, that vertical and longitudinal sections were constructed
from the existing data and an orebody with reasonably well defined limits was defined containing 1,770,000 tones at 0.735 nickel-equivalent.
The Company is undertaking a complete digital compilation, reprocessing and reinterpretation of all available data in and around the Gochagar Lake area. It is utilizing all of the latest available technology and one of the world’s leading massive sulphide experts to bring the project up to modern standards. This phase of the project is expected to be completed in 4 to 8 weeks with an initial NI 43-101 report and proposed drill
program to follow shortly thereafter.
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To learn more about LITH, visit their website at http://uslithiumcorp.com
Our Conclusion
We think LITH could make an excellent risk vs reward trade idea.
LITH has a super low float and tiny market cap and is trading near the bottom of a long term trade range.
Get LITH on your screen immediately and be ready for the market open.
All the best.
SmallCapMomo.com
picks@smallcapmomo.com
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Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.
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