Canadian company with promising assets in the “Lithium Triangle” :: InvestMacro

source: Streetwise Reports 07/18/2022

Fundamental Research Corp. reported. In a research note that this company is on a clear path to a potential new discovery in Argentina. The company has stated that it expects to complete the initial resource estimate for its properties next year and to begin coverage with a “buy” rating.

The head of research at Fundamental Research Corp. Sid Rajeev, B.Tech, CFA, MBA and stock analyst Nina Rose Kodres, BSc (Geology) in a research note dated July 13 that Argentina Lithium & Energy Corp. (LIT: TSX.V; PNXLF: OTC; OAY3: FSE) It may be “on the cusp of a potential discovery in Argentina”.

the opportunity

Analysts pointed out that Argentina lithium has significant interests in four lithium properties in the early stages in Argentina. These unexplored assets include 69,000 hectares across four lineages (salt-covered depressions or lakes) in Argentina. Analysts stated that investors currently have a strong appetite for electric vehicle (EV) minerals and noted that the region known as the “lithium triangle,” which includes Argentina, Chile and Bolivia, is home to 60% of the world’s known lithium reserves.

The main points are noteworthy

  • Fundamental Research said it launched coverage of Argentina Lithium & Energy Corp with a “BUY” rating.
  • The research firm indicated that the company’s stock is currently trading at around 50% of its fair value and trading at around $215 CAD/ha compared to the average of $524 CAD/ha for its smaller pre-resource peers.
  • Lithium prices are up 340% year over year due to strong demand, supply disruption, and inflation.
  • Drilling results on the Rincon West project are imminent and present a potential positive catalyst.
  • M&A activity is on the rise in the sector that bodes well for the company as miners and battery manufacturers continue to search for attractive takeover lithium projects in order to secure stable and long-term supplies.
  • The initial resource estimate is expected to be completed sometime next year.

Analyst Research Highlights

  • Argentina currently ranks fourth in the world in lithium production and ranks third in the world in total reserve base after only Chile and Australia.
  • The first hole of the company’s continuous pentagon drilling program at the company’s Rincon West project has returned promising results with values ​​ranging from 225 to 380 mg/L.
  • Analysts stated that the development of the characteristics and assessment of the overall scope of the resources of the four projects should continue at a good clip because the process of determining the resource of lithium is much faster and less expensive than similar assessments of the mainstream metals such as copper and gold.
  • To date, none of the properties of Argentina lithium have a supplier estimate compliant with NI 43-101.

Argentina Lithium & Energy Corp. is headquartered in Vancouver, British Columbia and focuses its efforts on sourcing and developing high quality lithium projects in Argentina towards production. The company’s strategy places great emphasis on meeting the growing global demand from the battery segment. The company’s projects are centered in what is known as the “Lithium Triangle”, an area where Argentina, Chile and Bolivia meet together and host about 60% of the world’s lithium reserves.

Fundamental Research Corp. reports that it has initiated a “buy” rating on Argentina Lithium & Energy Corp. The research firm indicated that it estimated the company’s fair value at C$0.52/share and stated that it had reached this value by applying a price of $524/ha for a LIT land package.

Argentina Lithium & Energy Corp shares are traded on the TSX Venture Exchange under the symbol “LIT” and last closed to trade at C$0.26 on Friday, July 15, 2022. Find out more about this company at Streetwise Reports at the following link Link.


1) Stephen Hytha wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or his family members own the securities of the following companies mentioned in the article: None. He or his family members get paid by the following companies mentioned in this article: None.

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Fundamental Research Corp. Disclosures. Lithium, Argentina, July 13, 2022

The opinions expressed in this report are the analyst’s true opinions about this company and the industry. Any “forward-looking statements” are our best estimates and opinions based on publicly available information that we believe to be correct, but we have not independently verified its truth or accuracy. There is no guarantee that our expectations will come true. Actual results may vary. The analyst and Fundamental Research Corp. do not own. “FRC” has no shares in the Subject, does not create a market or offer shares for sale to the Subject, and does not have any investment banking business with the Subject. The fee was paid by LIT to the FRC. The purpose of the fee is to support the high costs of research and monitoring. The FRC takes steps to ensure independence including setting fees up front and utilizing analysts who must comply with the CFA Institute’s Code of Business Conduct and Standards of Professional Conduct.

In addition, analysts may not trade any under-covered security. Our full editorial control of all research, timing of reporting, and disclaimers for negative reporting are contractually protected. To further ensure independence, the LIT has agreed to a minimum term of coverage including an initial report and three updates. Coverage cannot be terminated unilaterally. Distribution Procedure: Our reports are first distributed to our online subscribers on the date shown in this report and then made available to late access users through various other channels for a limited time.

This report contains “forward-looking” statements. Forward-looking statements regarding the Company and/or stock performance inherently involve risks and uncertainties that may cause actual results to differ from these forward-looking statements. By making these forward-looking statements, Fundamental Research Corp. does not assume. The analyst/author of this report has no obligation to update this data for revisions or changes after the date of this report. A report that begins coverage is often updated quarterly while a report that issues a rating may not have other updates or less frequent because the company in question is likely to be in the early stages where nothing material may happen from quarter to quarter.

Fundamental Research Corp makes no warranties, express or implied, as to the results that will be obtained from the use of this information and does not make any express or implied warranties or guarantees for a particular use. Anyone using this report bears full responsibility for the consequences of obtaining the information provided to them. Always speak with your financial advisor before you invest. Whether a stock should be included in the portfolio depends on one’s risk tolerance, objectives, condition, return on other assets, etc. This report is for informational purposes only and is not a solicitation or offer to buy or sell any security.

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