​Liberty One Lithium Builds on Its Core Growth Component of Location

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Lithium is in demand now and will be for the foreseeable future unless the industry decides to scrap the hundreds of millions of dollars that have gone into building electric cars with rechargeable Li-ion (lithium ion) batteries, which just isn’t going to happen. Against that backdrop, Liberty One Lithium Corp. (LBY:CA)(LRTTF) chief executive Brad Nichol has asserted his commitment to invest in the company and work tirelessly to develop the portfolio of promising lithium assets located in the world’s most prolific lithium regions.

In Nichol’s words, Liberty One Lithium is built on “three core fundamentals that align directly with my vision for success:

1. Team: a world-class, highly desired team;
2. Location: assets of considerable scale, all with enviable lithium addresses and a line of sight to imminent and significant lithium production;
3. Capital Management: our ability to raise a large amount of capital at successively higher valuations is a testament to the professionalism and quality of our assets along with the trust of our long-standing shareholders in our ability to manage their capital.”

Spoken like the venerable Professional Engineer and Master of Business Administration that Nichol is. Nichol, who was appointed the to the top executive job at Liberty One Lithium in July, is surrounded by a diverse team with strengths covering entrepreneurship, finance, capital market and resource exploration, including a former 29-year Rio Tinto (RIO) lithium expert. As for capital management, Nichol calls investors’ cash the “rarest commodity” that he treats with extreme care because its “scarce and difficult to obtain.”

Even with both of those pillars in place, a junior explorer is nothing without promising property, for which Liberty One is chock full. The Vancouver-based company has projects in the vaunted “Lithium Triangle” in South America comprised of Bolivia, Chile and Argentina. The Lithium Triangle is arguably the most renowned lithium region in the world, underscored by its massive resources (producing nearly half of the world’s annual production annually), infrastructure and mining-friendly regulations. Liberty One also has a project in the highly prospective Paradox Basin in Utah, an area becoming a hotbed for the Li-ion market due to its lithium and cobalt reserves.

While it maintains its mining licenses covering about 4,000 acres in Utah, Liberty One is completely focused on its 39,000+ acre prospect in the Pocitos Salar in Western Salta Province, Argentina. The Salta Province is ranked the #1 mining jurisdiction in Argentina and #3 locale in all of Latin America to do business. All necessary infrastructure is available, including a natural gas transmission line, high-voltage 3-phase power, an international railroad and a national highway running through the property into Chile for easy access to a year-round, deep-water port.

Just last week, Nichol returned from an extended trip to the Pocitos property, a trip during which current and future development plans for the property were formulated.

The plans follow a recently filed NI 43-101 Technical Report detail the opportunity based in part upon historic data suggesting multiple brine-bearing aquifers and a geophysical study that exceeded expectations.

Liberty One has now submitted all the necessary documents seeking to accelerate exploration and drilling to better define mineralization indicated by the geophysical study that a contiguous probable brine horizon throughout the complete 29 kilometers of the property. Considering the fact that Pocitos is essentially surrounded by properties either producing lithium or known to be hosting lithium, the company believes that it is likely for a 150+ meter thick, contiguous lithium brine horizon to exist under the majority of the 39,000 acres it controls.

Management believes drill permits are imminent, which will trigger the drilling of 3 or 4 test holes during the October-to-December quarter. Drill results will include cores and brine sampling to gain more information on lithium concentrations, as well as other minerals, like potassium, that frequently accompany salars, or ancient salt beds. It’s expected that the data will be used for a future resource estimate.

“The last 30 days have reinforced my decision to make a significant investment in Liberty One and join the Company. I am confident we have the necessary components in place to build a large, successful lithium production company,” said Nichol about his trip to Pocitos. If conviction from a newly-minted CEO is any measure, investors should be feeling optimistic about the future for Liberty One Lithium.

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