Source: The Venture Letter for Streetwise Reports 11/01/2018
New, economically viable deposits of lithium, nickel, cobalt and other metals required for lithium-ion batteries have never been so greatly in demand, notes Kris Kottmeier of The Venture Letter. He profiles one company that he believes is poised to benefit from this demand.
Marifil Mines Ltd. (MFM:TSX.V; MFMLF:OTCQB) caught our eye and made us sit up to pay close attention. The company is listed for trading on the OTCQB under the symbol MFMLF and on the TSX Venture Exchange under the symbol MFM.
Marifil Mines is focused on the exploration for lithium in the famed Hombre Muerto lithium region; the development of the promising Las Aguilas nickel/cobalt/copper project; and the rapid development of a valuable, advanced-stage San Roque gold/zinc/silver/lead project with a world-renowned mining partner. All projects are in the mineral-rich, politically stable, and mining-friendly country of Argentina. Marifil offers strong potential for value appreciation in the near, medium and long term.
The opportunity right now for investors in the lithium, cobalt and nickel markets is similar to incredible opportunities seen in the Internet boom of the early 2000s, the uranium run of 2006/7, the blockchain craze of the past few years, and the recent rush to the cannabis industry. To support the world’s rapid move into sustainable, electric power and away from fossil fuels, these metals are predicted to rise in value at a rate never seen before.
Lithium Exploration: High Global Demand
The race is on for mining companies to acquire prospective lithium exploration properties in the now world-famous “Lithium Triangle” of Argentina, Chile and Bolivia. This prolific region is responsible for over 60% of current global lithium production and is wide open for potential new discoveries.
In May 2018, Marifil Mines announced a significant expansion of its lithium exploration program in Argentina through the acquisition of over 15,200 hectares (58.5 square miles) of prospective lithium exploration land. The project area is strategically located within the Lithium Triangle, in geologically close proximity to one of the largest known lithium deposits in Argentina, the Hombre Muerto Lithium Project.
Hombre Muerto is operated by FMC Lithium (FMC:NYSE), a company that rocketed from US$4.00/ share in 2003 to a staggering $98.00 per share in early 2018, predominantly due to its successes with lithium in brine in Argentina.
In May 2018, lithium company Galaxy Resources (GXY:ASX) sold its package of lithium properties in the Hombre Muerto northern basin for a whopping US$280 million to Korea’s POSCO. Such is the potential in the lithium markets, precisely why Marifil Mines is hunting in this region.
Hombre Muerto lies within the Puna Region of Argentina, which comprises some 30 salars (salt flats) with good potential to host lithium mineralization. Marifil Mines’ properties all lie within this famous lithium region within the new, developing Carachi Pampa lithium basin.
The Carachi Pampa lithium basin is roughly 12.5 x 25 miles (20 x 40 km) in size. Geological indications show …read more
Source:: The Gold Report