With major recent developments in the pipeline due to Tesla Motors’ (TSLA) Gigafactory construction, the clean energy revolution has made lithium front-page news. Since the future of the electric vehicle relies on the production of lithium-ion batteries, the search for the coveted mineral is on. Alix Resources Ltd. (AIX:CA), a Canadian-based exploration company with a focus on lithium exploration, has reached a major milestone with an initial priority project in Sonora, Mexico.
Alix announced that the company has acquired 100% interest in two large exploration concession applications covering 22,625 hectares adjoining Bacanora Minerals Ltd.’s (BCN:CA) Sonora Lithium Project. The two concession applications, “Tule” and “Tecolote”, have been submitted to the Mexican Mining Authority.
“Alix’s Mexican consultants have succeeded in acquiring the only readily available ground on the inferred lithium trends and contiguous to BCM-REM Sonora Project,” said Mike England, President of Alix Resources. “Our concessions are extremely well situated and, being on the same trend as Bacanora’s growing deposit, have us eager to commence work in the coming weeks.”
Alix Takes a Leading Position in the Growing Lithium Market
The Sonora Lithium Project is comprised of a lithium resource hosted in hectorite and polylithionite clays within a volcano-sedimentary sequence. The concessions being acquired by Alix target extensions of lithium-bearing host horizons contiguous to the Sonora Lithium Project owned by Bacanora Minerals Ltd. (BCN) and Rare Earths Minerals PLC (REM).Recent BCN-REM presentations illustrate a series of four lithium-bearing beds that are interpreted to extend for several kilometers to the south of the BCN-REM property. Alix has hired a team of experienced Mexican and Canadian geologists and associates to assist with the exploration of these Tule and Tecolote concessions.
In August, Tesla entered into an agreement to buy lithium from BCN-REM’sslated Sonora Lithium Project. Furthermore, this acquisition follows a number of recent milestones for Alix. In July, the company completed a third and final tranche of a non-brokered private placement.
Alix has secured its spot in the lithium race. Through this acquisition, along with the Sonora Project, Alix is on its way to be among the lithium exploration companies that help usher in the age of the electric car.
For more information about Alix Resources, visit www.alixresources.com.
Disclosure: In the purview of Section 17(B) of the Securities Act of 1933 and in the interest of full disclosure, we call the reader's attention the fact that Equities.com, Inc. may be compensated by the companies profiled in the Spotlight Companies section. The purpose of these profiles is to provide awareness of these companies to investors in the micro, small-cap and growth equity community and should not in any way come across as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker, broker dealer, investment advisor, analyst, investment banker or underwriter. All profiles are based on information that is available to the public. The information contained herein should not be considered to be all-inclusive and is not guaranteed by Equities.com to be free from misstatement or errors. Readers are reminded to do their own due diligence when researching any companies mentioned on this website.
DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer