EXCLUSIVE: Lithium May Jump More Than 60% As Low Prices 'Knock Out The Chaff,' Industry CEO Says
Portfolio Pulse from Matt Whittaker
Lithium prices are expected to rise by over 60% to $20,000 per metric ton, according to GeoXplore Corp.'s CEO Clive Ashworth. Current prices are too low to sustain mine production, but the increase will help weed out weaker companies. Pure Energy Minerals Ltd. (OTC:PEMIF) and ACME Lithium Inc. (OTC:ACLHF) are involved in lithium claims optioned by GeoXplore.
June 27, 2024 | 1:24 pm
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POSITIVE IMPACT
ACME Lithium Inc. (OTC:ACLHF) is involved in lithium claims optioned by GeoXplore. The anticipated increase in lithium prices to $20,000 per metric ton will likely boost the company's exploration and development activities.
ACME Lithium Inc. will benefit from the projected rise in lithium prices, which will support its exploration and development activities, making its projects more financially viable.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Pure Energy Minerals Ltd. (OTC:PEMIF) is involved in lithium claims optioned by GeoXplore. The expected rise in lithium prices to $20,000 per metric ton will positively impact the company's prospects.
As a company involved in lithium claims, Pure Energy Minerals Ltd. stands to benefit significantly from the projected rise in lithium prices, which will enhance the viability of its projects and financial health.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80