​Liberty One Lithium (LRTTF) (LBY) Initiates Development Plans for 2018

Spotlight Companies |

Liberty One Lithium Corp. (TSX.V:LBY) (OTCQB:LRTTF) (FRANKFURT:L1T), an exploration and development company focused on the acquisition and recovery of high grade lithium brine deposits, wishes to advise that plans are underway to examine a short-list of prospective lithium properties in both Latin America and the continental USA in Q1 2018.

Company CEO, Brad Nichol notes, “We have had exploration plans for our Utah property in the works for some time, and our extremely favorable $10MM in working capital provides us the opportunity to advance those efforts as well as broadening our reach in search of undiscovered or undervalued projects in order to deliver on our strategic goals for measured growth. Our desire to build a global portfolio of lithium holdings is based on our assessment of supply chain trends that we believe requires positive and decisive action as the economics of the lithium market continues to evolve.”

“In that regard, we have determined that our exploration efforts at the Pocitos West property in Argentina falls short of the viability we require to move ahead based on our current economic projections.” Mr. Nichol continues, “Therefore, we have elected to discontinue further operations or investment in the Pocitos Salar at this time. Perhaps a more aggressive operator might undertake a full field exploration program in future, but our near-term exploratory goals have been achieved, and we now feel our investment will be better utilized in other jurisdictions where risk factors best suit our stage of business development. We are very pleased to have utilized this project to validate our abilities, gain strategic technical insights, and create important new relationships within the global lithium mining community. Today we are more prepared than ever before to meet the opportunities ahead.”

Concurrent with today’s announcement, Liberty One recently affirmed 2018 plans to commence an evaluation of its promising “North Paradox” property consisting of 233 placer claims encompassing 4,480 acres located within the Paradox Basin in Grand County, Utah. Log data at the Utah Geological Survey library indicates the area appears rich with supersaturated brines, and nearby long-term mine operations effectively demonstrate the climatic efficacy for traditional evaporative production processes. Additionally, the Company has committed to examining a range of global venture opportunities in Q1/18 to ascertain investment threshold criteria which will be identified in due course upon entry into any material agreements.

Brad Peek, MSc., CPG, a non-arm’s length party to the Company, is the Qualified Person responsible for the technical disclosure in this news release relating and limited to the “North Paradox” property in Grand County, Utah.

In related news, Mr. John Davidson has tendered his resignation from the Board of Directors. The Company wishes him well on his future endeavours.



For further information about Liberty One Lithium Corp., please visit www.libertyonelithium.com or view the Company’s filings at www.SEDAR.com.

About Liberty One Lithium (TSX.V:LBY) (OTCQB:LRTTF) (FRANKFURT:L1T)
Liberty One Lithium Corp. is an exploration company focused on the acquisition and development of high grade lithium brine deposits. The company has plans to evaluate a prospective region of Utah and to identify additional global exploration targets in Q1/18. The Company seeks regions ideally situated for lithium brine production via low-cost and well-proven evaporation methods, and are adjacent to substantive infrastructure and a skilled, experienced labour force. Liberty’s international team is comprised of recognized technical experts that have focused on lithium for decades. The Company is stringently managed with a critical eye on value-creative decision making, aimed at ensuring the Company is well-capitalized and consistently creating value for shareholders. Read more at: www.libertyonelithium.com/about-us/summary.

In the interest of full disclosure, we call the reader's attention to the fact that Equities.com, Inc. is 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 be considered as a recommendation to buy, sell or hold these securities. Equities.com is not a registered broker dealer, investment advisor, financial analyst, investment banker or other investment professional. We are a publisher of original and third party news and information. All profiles are based on information that is available to the public. The information contained herein should not be considered to be complete and is not guaranteed by Equities.com to be free from misstatement or errors. The views expressed are our own and not intended to be the basis for any investment decision. Readers are reminded to do their own due diligence when researching any companies mentioned on this website. Always bear in mind that investing in early-stage companies is risky and you are encouraged to only invest an amount that you can afford to lose completely without any change in your lifestyle. Equities has been compensated with cash, common shares and/or warrants for market awareness services provided.

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

Companies

Symbol Name Price Change % Volume
LRTTF Liberty One Lithium Corp 0.28 -0.03 -8.33 214,213
LBY:CA Liberty One Lithium Corp 0.35 -0.02 -4.17 100,879

Comments

Emerging Growth

MGX Minerals Inc.

MGX Minerals is a diversified Canadian mining company listed on the Canadian Securities Exchange. MGX is engaged in the acquisition and development of industrial mineral deposits in western Canada that…

Private Markets

Quants Inc

Quants, Inc, a California Corporation, develops, markets and operates financial technology platforms and alternative investment products offering sophisticated risk management since 2010. The Company has primarily sharpened its focus with…

Voleo

Voleo is a free download that allows you to form investment clubs with your friends, family, colleagues, classmates, teammates…basically anyone you know and trust. Invest and manage a stock portfolio…