/biz/ - Business & Finance

>>16569966
I'm throwing some money at
BCLMF

worth a shot

https://southfront.org/all-sights-on-mexico-as-it-discovers-worlds-largest-lithium-deposit/

From the article:

The largest lithium deposits in the world were discovered in Mexico, as listed by Mining Technology.

The report indicates that the lithium mine located in Sonora is the largest deposit with proven and probable reserves of 243.8 million tons, containing 4.5 million tonnes of lithium-carbonate equivalent.

Construction of the mine was first announced by Sonora Governor Claudia Pavlovich in May 2018 and is expected to be completed in the first quarter of 2020.

Production capacity in its first stage of operations is expected to be 15,500 tonnes per year of lithium carbonate, Mining Technology said, while capacity will double to 35,000 tonnes per year in a second stage.

The mine is being developed by Canada’s Bacanora Minerals and China’s Ganfeng Lithium.

Mexican Environment Secretary Víctor Manuel Toledo said that this would be Mexico’s “new oil.”

Potential lithium reserves have also been identified in Baja California, San Luis Potosí and Zacatecas.

The metal, Toledo reporters at the presidential press conference, is “the base not just of computers but also storage batteries” for cell phones and electric cars, among other products.

Therefore, “Mexico should be capable of making electric cars in public factories,” he said, adding that the secretariats of the Environment and Energy are currently analyzing that possibility with Mexico’s “best experts” in the field.

Would these companies be worth investing into?

The largest lithium deposits in the world were discovered in Mexico, as listed by Mining Technology.

The report indicates that the lithium mine located in Sonora is the largest deposit with proven and probable reserves of 243.8 million tons, containing 4.5 million tonnes of lithium-carbonate equivalent.

Construction of the mine was first announced by Sonora Governor Claudia Pavlovich in May 2018 and is expected to be completed in the first quarter of 2020.

Production capacity in its first stage of operations is expected to be 15,500 tonnes per year of lithium carbonate, Mining Technology said, while capacity will double to 35,000 tonnes per year in a second stage.

The mine is being developed by Canada’s Bacanora Minerals and China’s Ganfeng Lithium.

Mexican Environment Secretary Víctor Manuel Toledo said that this would be Mexico’s “new oil.”

https://southfront.org/all-sights-on-mexico-as-it-discovers-worlds-largest-lithium-deposit/