Advantage Lithium (OTCQB: AVLIF) is a lithium explorer and developer with an international portfolio of quality assets. The company wrapped up 2016 with results from its Clayton NE project, in which the company drilled lithium brines on all three of its drill holes in the Clayton Valley, Nevada. Lithium brines intercepted by the third drill hole demonstrated the strongest results to date, showing peak values of 322 mg/l lithium. According to the company, the demand for lithium is growing rapidly with predicted growth to triple over the next 10 years, and it already exceeds supply by 15%. The increasing battery consumption and rise of electric vehicle companies have both played a major role in the strong demand for lithium production. Further drilling at Clayton is planned for early 2017.
To learn more, visit: www.advantagelithium.com
About Advantage Lithium Corp.
Advantage Lithium is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. The company has signed an LOI with lithium producer, Orocobre, to acquire 100% interest in five projects in Argentina and up to 75% in a sixth, called Cauchari. Cauchari is host to a near-surface resource of 470,000 tonnes of lithium carbonate equivalent (LCE) and 1.62 million tonnes of potash (KCL), and a large exploration target of 5.6mt to 0.25Mt of LCE and 19mt to 0.9 of KCL. Cauchari is located just 20 km south Orocobre’s flagship Olaroz Lithium Facility. The company is also earning an interest from Nevada Sunrise Gold Corp., in a portfolio of five lithium brine projects in the Clayton and Lida Valley regions of Nevada, USA, including 70% in Clayton NE. In addition, the company has acquired 100% of the Stella Marys lithium brine project, immediately adjacent to Orocobre’s Salinas Grandes project that hosts an inferred, near-surface resource, in Argentina’s Lithium Triangle.
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