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:

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."

David Talbot, Eight Capital (5/23/18)
"A sixfold resource estimate update was provided overnight at Advantage Lithium Corp.'s Cauchari joint venture. . .a 3 Mt lithium carbonate equivalent Inferred estimate is split between the northwest and southeast sectors and easily surpassed our 2.2 Mt size forecast. Grades were an expected 18% improvement over the previous estimate."

Matthew O'Keefe, Cantor Fitzgerald (5/22/18)
"Last week we visited Advantage Lithium Corp.'s 75%-owned Cauchari project. . .the site visit highlighted the high level of activity in the district, the speed with which the company is progressing and the overall size and potential of the project."

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

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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