|
SIGN UP for FREE
Sign up to receive our free Ubika Research Junior Resource Stock Watchlist report
Company Spotlight
Platinex Inc (TSXV: PTX)
Platinex Inc. (PTX) is a Canadian mining exploration company. Their priority is to further explore + Read More
|
 |
The Ubika Research Junior Resource stock watchlist
| Rodinia Lithium Inc. (Symbol: V.RM) |
| Company Name: |
Rodinia Lithium Inc. |
| HQ Location: |
Toronto, ON |
| Company Website: |
www.rodinialithium.com |
| Shares Outstanding |
47.4 Million |
| Closing Price (Aug 03, 2010) |
$0.28 |
| Market Cap: |
$13.6 Million |
| Average Daily Volume |
80,000 |
|
|
|
The Ubika Research Resource Stock Watchlist is a feature that profiles junior mining stocks. Visitors will discover high potential Canadian mining stocks, the best gold stocks, small cap energy stocks and junior gold companies through this very popular feature.
Share Highlight / 1-Year Stock Chart
|
|
|
Business Overview
Rodinia Lithium Inc. is a Toronto-based exploration and development company listed on the TSX Venture Exchange primarily focused on lithium brine projects in North and South America. It has 100% mineral rights to 50,440 acres comprising 534 claims in Nevada’s lithium-rich Clayton Valley in Esmeralda County and is currently in the process of assessing the size, quality and processing alternatives of its Lithium Brine Project.
+ More info
What is interesting?
- The company's focus is finding and developing lithium projects and its has assembled a portfolio of high potential properties that can be developed to produce lithium, a key ingredient in producing rechargeable batteries for electric cars.
- The demand for Lithium deposits as a source of feed for light weight rechargeable Lithium ion batteries is expected to be strong as governments, especially in the developed world, put more emphasis on green energy and try to reduce dependence on fossil fuels.
- Its primary asset is the wholly owned Clayton Valley lithium brine project located approximately 70 kilometres west of Goldfield, NV. This project is in the known lithium producing area and is adjacent to the currently producing Silver Peak lithium brine operation of Rockwood Holdings’ (NYSE : ROC).
- The Clayton Valley Lithium Project is close to major US automotive and battery manufacturers, a key strategic advantage for Rodinia.
- The second major project in Rodinia’s portfolio is the Salarde Diablillos, Salta Project in Argentina. This high potential project has near surface brine and initial drill sampling has returned high grade lithium. Argentina is one of the most prolific sources of Lithium supply in the world.
- All lithium projects owned by the company are in mining friendly jurisdiction and are surrounded by good infrastructure.
- Rodinia Lithium is part of the "Forbes and Manhattan Group", a well known Toronto based private merchant bank with focus on early stage resource companies. Forbes and Manhattan has historically helped to build very successful resource companies and a backing from this group bodes very well for the company.
- The company has put in place a strong group of executives with experience in various areas of mining and general business including financing.
- The company is currently in the process of raising significant capital and plans to engage in vigorous exploration programs at its two key properties in Nevada, USA and in Argentina. These exploration programs could lead to short term catalysts for the company.
Risks
Rodinia Lithium Inc. is an early stage exploration company. The commercialization risks associated with mineral exploration and development are high and its prospects for discovering economically viable Lithium deposits are uncertain. Lithium prices can fluctuate and a decline in the price of Lithium could impact the share price of the company adversely. The company is currently trying to raise financing and if it fails to do so, it will have adverse impact on its exploration plans.
Rodinia Lithium Inc. News
Ubika Research Disclosure
Copyright
The content on this site may not be reproduced in whole or in part, or further distributed or published or referred to in any manner whatsoever, nor may the information, opinions or conclusions contained in it be referred to without in each case the prior express written consent of Ubika Research, a division of Ubika Corporation.
Disclaimer
Ubika Corporation is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to any visitor of this report or site or readers of any content on this website. The information on this website is designed to present the findings and opinion of Ubika’s analysts, columnists, speakers or commentators and what they believe to be the factual information.
Where reference is made to estimates of value or relative value of a specific security or ETF or any underlying asset or company, those are based on the information available from the public sources. They should not be relied upon in making specific investment decisions and readers should seek advice based on their risk profile and investment requirements from a person qualified and authorized to provide advice.
Ubika Corporation (including its Directors, employees and representatives), its analysts, columnists, speakers or commentators or a connected person may have positions in or options on the securities including Exchange Traded Funds (ETFs) mentioned on this site/report and may buy, sell or offer to purchase or sell such securities and ETFs from time to time.
Nothing on this site constitutes an offer or invitation to purchase or acquire any shares in any security or ETF mentioned on the site or any other asset or company or any interest therein, nor shall it form the basis of any contract entered into for the purchase or sale of shares in any ETF or asset or company mentioned on this site. |