Monday, June 27, 2022

LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) Ramps Higher on Coming Survey

LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) is a low-priced trading equity that’s clearly begun to spur some interest among players in the marketplace as shares bounce up off recent lows. LRTTF just announced plans for a geophysical survey at its 15,857 hectare (39,183 acre) joint venture interest in the Pocitos West Project located on the Pocitos Salar in Salta Province, Argentina. As we all know by now, the lithium market has been one of the hottest on the planet over the past 18 months, so this news is unsurprisingly important for the company.
According to the release, “Liberty One Lithium, through its operating partner Millennial Lithium Corp., has contracted Salta based Tecnología y Recursos (“TyR”) to conduct a geophysical survey at Pocitos West. TyR will conduct a Vertical Electrical Soundings (“VES”) survey which detects variations in subsurface conductivity. The VES survey can identify differences between dry sediments, sediments with fresh or low-salinity water, massive halite (rock salt), and basement rocks. TyR will take measurements at 11 stations along the 29 kilometer north-south extent of the tenements, reporting results based on modeling the on-the-ground results with the conductivity parameters of the local rock types and similar rock types bearing fresh water and brines.”
LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) bills itself as a company that is an emerging exploration player focused on the acquisition and development of high grade lithium brine deposits destined for use by global business interests. The Company believes that strategic resource access is the key to a robust energy strategy to protect economic stability worldwide.
Moreover, LRTTF engages in the acquisition, exploration and development of mining properties in Canada and the United States. The company primarily explores for lithium brine deposits. It holds interests in the Paradox North property with 233 placer claims covering 4,480 acres located in the Paradox Basin in Grand County, Utah, as well as an option to earn a 70% interest in the Pocitos West project covering 15,857 hectares located in Salta Province, Argentina.
According to company materials, “Liberty One Lithium Corp. is an emerging exploration company focused on the acquisition and development of high grade lithium brine deposits. The Company believes that strategic global resources are the key to a robust energy strategy to protect economic stability worldwide.”
Find out when $LRTTF stock reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.


As noted above, LRTTF just announced plans for a geophysical survey at its 15,857 hectare (39,183 acre) joint venture interest in the Pocitos West Project located on the Pocitos Salar in Salta Province, Argentina. The stock has responded well of late as the market awaits the potentially pivotal results from the survey.
Morgan Tincher, Liberty One Lithium’s CFO notes, “We are pleased to have the ability to quickly move forward in determining the extent of the mineral assets at Pocitos West. Our JV partners at Millennial have extensive exploration experience in the area and we are very much on the same page with their proposed workplan and executable timeline. We enjoy the same enthusiastic outlook for the opportunities this region represents, as Lithium continues to show great promise for the foreseeable future. As mentioned previously, our intent is to move ahead with our initial NI 43-101 report and to continue to focus our efforts on building shareholder value.
We’ve witnessed 34% during the past month in terms of shareholder gains in the company, a rally that has pushed up against longer standing distributive pressure in the stock. That said, LRTTF has a track record that includes a number of dramatic bounces. What’s more, the listing has registered increased average transaction volume recently, with the past month seeing a bit over 260% above its longer run average levels.
Currently trading at a market capitalization of $24.16M, LRTTF has virtually no cash on the books, which must be weighed relative to virtually no total current liabilities. LRTTF is pulling in trailing 12-month revenues of $34K. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -53.5%. This may be a very interesting story and we will look forward to updating it again soon. For continuing coverage on shares of $LRTTF stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $LRTTF, either long or short, and we have not been compensated for this article.

Related Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Stay Connected

0FansLike
3,367FollowersFollow
19,800SubscribersSubscribe

Latest Articles