AAL:TSX.V; AVLIF:OTCQX

Advantage Lithium Corp.

Advantage Lithium Corp. is focused on developing its 75%-owned Cauchari lithium project, located in Jujuy, Argentina with its producing partner, Orocobre. Advantage Lithium's updated resource shows 3 Mt LCE and the company has recently released a positive PEA showing an NPV of $827US after an 8% discount rate.
AAL:TSX.V AVLIF:OTCQX

Expert Comments:

Lithium is the lifeblood of batteries for electric vehicles and alternative energy storage, and use of both is predicted to skyrocket in the coming years. Against this backdrop, a small-cap firm that is moving rapidly with a strong partner to develop lithium projects in Argentina has caught the attention of Goldman Sachs and industry analysts.
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The report provides support to proceed with development plans.
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MacMurray Whale, Cormark Securities (9/26/18)
"Advantage Lithium Corp. has filed its preliminary economic assessment on SEDAR, which supports its development plans at the 20 Kt/year capacity lithium carbonate plant at its Cauchari joint venture project. . .the $830M net present value is an updated number that was revised higher since the initial announcement in August to reflect the improving tax regime in Argentina."

A Cantor Fitzgerald note reviewed new findings from this joint venture asset in Argentina.
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Nick Hodge, Nick Hodge's Early Advantage (9/20/18)
"More great results [just came] from expansion drilling at Advantage Lithium Corp.'s Cauchari project. . .the company has reported a very positive preliminary economic study and is fully funded through a definitive feasibility study. It has engaged Goldman Sachs to facilitate a transaction. . .Advantage is a prime takeover candidate."

Matthew O'Keefe, Cantor Fitzgerald (9/18/18)
"Advantage Lithium Corp. reported results from its phase 3 infill drilling and resource conversion program at its 75%-owned Cauchari project. . .systematic brine sampling completed in holes CAU20 and CAU21 in the north of the northwest sector, respectively, averaged 629 mg/l lithium from 113–318m depth and 607 mg/l lithium from 125–265m."

Matthew O'Keefe, Cantor Fitzgerald (7/27/18)
"Advantage Lithium Corp. announced that it has closed its previously announced financing and has issued 15,585,956 common shares at a price of $0.77/common share for aggregate gross proceeds of $12,001,186. . .the capital raise should be sufficient to allow the company to fund its portion of the joint venture at Cauchari through feasibility, which is expected to be completed in H1/19."

MacMurray Whale, Cormark Securities (5/30/18)
"We are initiating coverage on Advantage Lithium Corp. with a Buy recommendation and a CA$1.85 price target. . .the company released an updated resource estimate of 3 Mt lithium carbonate equivalent (LCE), growing from the smaller Inferred resource of 470 Kt LCE, established solely on the southeast sector. . .rigs have been mobilized to explore beyond 400m, suggesting that Cauchari could host a much larger resource."

David Talbot, Eight Capital (5/29/18)
"Acquisition of a third-party lithium brine project in Argentina by an end user has a direct and positive valuation read-through for Advantage Lithium Corp.'s Cauchari joint venture. Galaxy Resources announced a nonbinding agreement with POSCO of South Korea today to sell noncore assets in Salar del Hombre Muerto hosting 2.54 Mt lithium carbonate equivalent for $280M. . .we believe this news has potential to directly impact the value given by investors to Advantage."

More Expert Comments

Experts Following This Company

Jorge Ganoza Durant, President, CEO and Director – Fortuna Silver Mines Inc.
Rupert Merer – National Bank Financial
Matthew O'Keefe, Senior Research Analyst, Metals and Mining – Cantor Fitzgerald
David Talbot, Vice President, Senior Analyst – Eight Capital
MacMurray Whale, Analyst – Cormark Securities

The information provided above is from analysts, newsletters, the company and other contributors.

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Investing Highlights
 
Significantly increased updated resource of 3 MT LCE
 
Positive PEA showing NPV of $827US with 8% discount rate
 
Fully funded for all expenditures through to Definitive Feasibility Study in 2019
catalyst Calendar
Q3
2018
Assess processing and product mix options
Q3
2018
PEA NI 43101 report to be filed Sept 7, 2018
Q3
2018
Install monitoring wells and complete 30 day pumping tests on CAU7 and CAU11
Q1
2019
Complete Rotary and DD progran for further definition of resources in NW and SE
Q1
2019
Initial exploration on the Guayatayoc, Incahuasi and Antofalla projects
Q2
2019
Complete DFS and design of evaporation ponds by Q2/2019
Q2
2019
Advantage Lithium Corp. Content