Lithium prices are soaring as demand for electric vehicles is set to outpace supply by an increasingly large margin. While many global lithium deposits exist, nationalization threats and regulatory delays make geopolitically-stable, business-friendly locations desirable for investors seeking to capitalize on these trends.
Rockland Resources Ltd.’s (CSE: RKL) Utah-based lithium properties offer an attractive combination of vast resources – 571 claims across 11,000 acres – and a low-risk business-friendly location.
Let’s take a closer look at the company and why investors may want to consider it for exposure to lithium prices.
Why Lithium?
Lithium is a highly-valuable metal used in the production of rechargeable batteries, particularly those used in electric vehicles (EVs), thanks to its light weight and high energy density. With annual EV sales projected to rise from 5.6 million units by 2030, representing one-in-three light-duty vehicles sold, lithium demand is projected to skyrocket.
The demand is so high that automakers are starting to partner with lithium mines to ensure long-term supply. Over the past couple of years, GM invested in a California mine, BMW is buying from an Australian mine, and Volkswagen signed a deal with a German mine. And, of course, Tesla has been talking to mines for years.
These dynamics could push lithium prices sharply higher over the long-term since supply takes a long time to scale up. And if these prices push the value of lithium mines (and their untapped resources) higher, junior lithium miners could see an increase in value. After all, investors typically value stocks by looking at the discounted value of their future cash flow.
Despite these growth rates, investors face several challenges when investing in lithium projects. For example, Mexico passed a law in April 2022 to nationalize its lithium, paving the way for a state-owned lithium company. And Rio Tinto pushed back the timeline for its lithium mine by a year after delays in approvals over environmental concerns in Serbia.
Growing Portfolio
Rockland Resources’ lithium portfolio includes 2,076 claims and totals 41,520 acres in Juab County, Utah. In addition to prospective lithium mineralization, these properties are located 185 kilometers southwest of Salt Lake City, providing excellent road access and regional infrastructure. And Utah is well-known as one of the best states for business.
The company’s flagship property is Lithium Butte in the Utah basin and range, while its Fish Springs Property is located about 20 kilometers northeast. The mineralized rhyolite tuff-breccia dating back to the Tertiary age contains elevated levels of lithium and beryllium. And the region is geologically-similar to Nevada’s hotbed of activity in the Clayton Valley – Tonopah area.
Initial grab sample results show up to 4,080 ppm Li in some places, with early channel sampling showing grades of 25.2 meters at 1,388 ppm Li, including eight meters of 2,155 ppm Li. The company’s new on-site testing facility with a LIBS analyzer will rapid target evaluation, with drilling is planned for early 2023 – creating potential near-term catalysts.
In August 2022, the company also reported additional grab sample assay results showing significant beryllium concentrations, with values up to 4,810 ppm Be. Beryllium is considered a critical mineral by both the Canadian and U.S. governments and is widely used to build lightweight structural components in defense and aerospace.
In addition to these properties in Utah, the company owns a 41,818-hectare Elektra property in Sonora, Mexico. While a limited portion of the target has been drilled to date, showing up to 1,058 ppm Li, the property is contiguous with Gangfeng Lithium’s Sonora Lithium Clay Project – one of the largest lithium deposits in the world.
Experienced Team
Rockland Resources is led by a team of finance and mining veterans. CEO Mike England began his career as a floor trader in the Vancouver Stock Exchange in 1983. Since then, he has worked in various roles, including senior officer positions and directorships, helping raise over $80 million for mineral exploration and acquisitions.
President Richard Sutcliffe, Ph.D., P.Geo, has extensive experience across many geopolitical environments, from precious metals to base metals to energy. He has held management and directorship roles in advancing several projects into production, including the Lac des Iles Palladium Mine, Island Gold Mine, and Shakespeare Nickel Mine.
The company’s advisory board also includes many well-known geologists, including Robert Weicker, who has worked for both major and junior mining companies and owns a prominent consulting firm, and Gerry Clark, Executive Director of the Ontario Prospectors Association (OPA).
Looking Ahead
Rockland Resources Ltd.’s (CSE: RKL) Utah-based lithium properties offer an attractive combination of vast resources – 571 claims across 11,000 acres – and a low-risk and business-friendly location. With plans to begin drilling this year, investors may want to take a closer look at the junior miner given the sharp rise in lithium prices.
For more information, visit the company’s website or fill out the form below to download their investor presentation and learn more!
Disclaimer: This communication contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Read our full disclosure at: https://cfnmedia.com/legal-disclaimer/. Rockland Resources Ltd. is a client of CFN Enterprises Inc. and agreed to pay CFN Enterprises Inc. for an investor awareness campaign.
