RECENT NEWS:
Hertz owns two lithium projects in the highly sought after James Bay region of Quebec. The AC/DC property spans 265 km2 and is adjacent to Rio Tinto’s Kaanaayaa lithium project. The Snake property spans 217 km2 contiguous to Brunswick Exploration’s Elrond lithium project.
Hertz Lithium’s 100% owned Lucky Mica Property covers 939 hectares in Maricopa Country, Arizona along the Arizona Pegmatite Belt.
Patriota Lithium Project is located in Minas Gerais, Brazil. The Tenements cover 2,963.7 Hectares in proximity to areas of economically significant lithium deposits in Minas Gerais.
“Pegmatites in the Arizona Pegmatite Belt occur mainly in terranes of relatively old, crystalline rocks found in the Mexican Highlands and Sonora Desert. These physical divisions of the Basin and Range province extend southeasterly from the Colorado River to the southern and eastern borders of the state, and lie southwest of the broad Colorado Plateau province.”
LITHIUM IS IN HIGH DEMAND
What factors are driving the price up?
“COVID-related imbalances” in manufacturing in Asia and other major markets, as well as crude state interference in these regions have caused disruption in the supply chain that may continue over the next year.
Lithium batteries are replacing the fuel in combustion engines in a variety of applications. As the EV market grows, auto manufacturers are now struggling to obtain enough raw materials to keep up with demand, driving up the price of lithium significantly.
Lithium exploration has recently seen an influx of capital as lithium projects are being fast tracked to meet a shortage of lithium to supply the electric battery manufacturers. New sources of lithium are expected to take at least two to three years before they can get into production to fill the current shortage of lithium.
Partnering With Penn State To Develop Patent-Pending Lithium Extraction Technologies
Partnered With Coloured Ties Capital And Is Sponsored By Canaccord Capital.
Four 100% owned properties including the District-Scale AC/DC Lithium Project and Snake Lithium Project in James Bay, Patriota Lithium Project in Minas Gerais, Brazil and Lucky Mica Project in Arizona, USA.
LITHIUM DEMAND EXPECTED TO INCREASE BY OVER 900%
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