​Liberty One’s Pocitos West Project Positions It Perfectly for the Lithium Supercycle

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As the historic bull market in lithium continues to extend its run, the race to secure new supply sources is on. EV manufacturers like Tesla (TSLA) and battery makers are desperately looking to secure producers anywhere they can find them to ensure they aren't at the mercy of the market. Institutional investors like BlackRock (BLK) are getting into the mix too, funding small lithium miners to participate in the lithium supercycle.

Goldman Sachs projects that global lithium demand will soar to 530,000 tonnes annually from the current level of 170,000 tonnes per annum, and a Citigroup report cited lithium prices rising above $14,000 per tonne. Among the companies best positioned for the spike in global demand is Liberty One Lithium Corp. (LBY:CA)(LRTTF), which recently acquired a major stake in the heart of Argentina's Lithium Triangle.

The company announced that it has closed its agreement with Millennial Lithium Corp. for the sole rights to acquire up to 80% of the Pocitos West project in Salta, Argentina. The region's famed “Lithium Triangle” is a valuable area that straddles Chile, Argentina and Bolivia. The site is directly accessible by Salta Provincial Highway 17 and close to other regional infrastructure including local labor, rail and power generation. Pocitos West is adjacent to ground recently acquired by Pure Energy Minerals Ltd. and is advantageously situated to known lithium resources including the Rincon Project set 20 miles to the north and the Sal De Vida Project 56 miles to the south.

Liberty One is moving quickly and has steadily been knocking down milestones since the company uplisted to the TSX Venture Tier 2 in May. The management team understands the current market well and knows what a game-changing property they have in Pocitos West.

On July 13, Liberty One announced that it has contracted Salta-based Tecnología y Recursos (“TyR”) to conduct a geophysical survey at Pocitos West . The survey being conducted is what’s known as a Vertical Electrical Soundings (“VES”) survey, which detects variations in subsurface conductivity, and can identify differences between dry sediments, sediments with fresh or low-salinity water, massive halite (rock salt), and basement rocks.

“We are pleased to have the ability to quickly move forward in determining the extent of the mineral assets at Pocitos West,” stated Morgan Tincher, Liberty One Lithium’s CFO, in the announcement. “Our JV partners at Millennial have extensive exploration experience in the area and we are very much on the same page with their proposed workplan and executable timeline. We enjoy the same enthusiastic outlook for the opportunities this region represents, as Lithium continues to show great promise for the foreseeable future. As mentioned previously, our intent is to move ahead with our initial NI 43-101 report and to continue to focus our efforts on building shareholder value.”

Hard at Work in the Lithium Triangle

The Argentine government drill tested 12 shallow holes in Pocitos West in 1979. Those results averaged 417 parts per million (ppm) lithium and 15,300 ppm potassium, and while those results cannot be confirmed, they are promising.

Argentina’s arid climate and historic lithium returns combined with the country’s newly reshaped economic policy make Pocitos West a strategic location to supply lithium to the electric vehicle market. Argentina’s President Mauricio Macri is a savvy businessman looking to make his country, known for its soy and cattle production, into a lithium powerhouse in the center of a battery boom. Macri’s move to eradicate currency and capital controls cleared the way for North American companies like Liberty One to expand into the famous “Lithium Triangle,” an area that contains over half of the world’s known supply.

The company has created a detailed infographic that outlines and explains the unique opportunity that is The Lithium Triangle, and how it stands to capitalize one it. You can view the infographic below and on the company’s website .

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Symbol Name Price Change % Volume
LBY:CA Liberty One Lithium Corp 0.38 -0.02 -3.85 11,564


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