The biggest news in the commodities space this month is about how the London Metal Exchange (LME) is considering introducing a futures contract for lithium, with lithium demand set to soar fourfold by 2025 as ownership of electric cars increases and more batteries are used to store power from renewable energy such as wind and solar. Just today, shares of Sociedad Quimica y Minera De Chile S.A. (SQM), one of the world’s largest producers of lithium, reached a new all-time high of $50.55 per share for a two-month gain of 48% from its July 7th price of only $34.15 per share.
NIA is excited to announce its brand new #1 favorite lithium stock suggestion: Far Resources (FAT.CN), currently trading for $0.355 per share on the Canadian Securities Exchange (CSE). FAT has 75,335,867 shares outstanding for a low market cap today of only CAD$26.78 million (USD$22.1 million).
FAT is beginning to breakout big on HUGE volume, becoming one of the most active stocks on the CSE in recent weeks. We believe a move to $0.50+ per share is coming within the next 2-3 weeks.
FAT’s Zoro lithium claim is situated in west-central Manitoba within the historic Snow Lake mining camp. It contains an historic “reserve” based on 1956 drilling of 1.8 million tonnes grading 1.4% Li2O to a depth of 305 m.
Using modern assay techonology, FAT’s recent rock chip assays have returned very high lithium grades that are 2X-3X higher than historic assays.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is not a solicitation or recommendation to buy, sell, or hold securities. NIA has been compensated by FAT $20,000 cash for an investor relations contract. Never make investment decisions based on anything NIA says. This message is meant for informational and educational purposes only and does not provide investment advice.
Source: Inflation US