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Canada Firm Holds Promising Assets in ‘Lithium Triangle’

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July 19, 2022 (Investorideas.com Newswire) Fundamental Research Corp. mentioned in a research note that this company is on a clear path to a potential new discovery in Argentina. The firm stated that it expects that a maiden resource estimate for its properties will be completed next year and is initiating coverage with a “Buy” rating.

Fundamental Research Corp.’s Head of Research Sid Rajeev, B.Tech, CFA, MBA and Equity Analyst Nina Rose Coderis, BSc (Geology) commented in a July 13 research note that Argentina Lithium & Energy Corp. (LIT:TSX.V; PNXLF:OTC; OAY3:FSE) may be “on the cusp of a potential discovery in Argentina.”

The Opportunity

The analysts noted that Argentina Lithium owns significant interests in four early-stage lithium properties in Argentina. These underexplored assets encompass 69,000 hectares (ha) across four salars (salt-encrusted depressions or lakes) in Argentina. The analysts stated that investors presently have a robust appetite for electric vehicle (EV) metals and pointed out that the area known as the “Lithium Triangle”, which includes Argentina, Chile and Bolivia is home to 60% of the world’s known lithium reserves.

Key Points Worth Noting

Fundamental Research said it is initiating coverage on Argentina Lithium & Energy Corp with a “BUY” rating.
The research firm indicated that the company’s shares are currently trading at approximately 50% of its fair value and trade at about CA$215/ha compared to an average of CA$524/ha for its pre-resource stage junior peers.
Lithium prices are up 340% year-over-year due to robust demand, supply disruptions and inflation.
Drill results at its Rincon West project are forthcoming and offer a positive potential catalyst.
M&A activity is increasing in the sector which bodes well for the company as miners and battery manufacturers continue to seek out attractive lithium projects for acquisition in order to secure stable and long-term supplies.
A maiden resource estimate is expected to be completed sometime next year.

Analyst’s Research Highlights

Argentina currently ranks fourth globally in production of lithium and ranks third worldwide in total reserve-base behind only Chile and Australia.
The first hole of its ongoing five-hole drill program at the company’s Rincon West Project returned promising results with values measuring 225-380 mg/L.
The analysts stated that developing the properties and evaluating the total scope of the four projects resources should continue at a good clip since the process of delineating a lithium resource is quicker and much less costly than similar assessments for mainstream metals such as copper and gold.
To date, none of Argentina Lithium’s properties have a NI 43-101 compliant resource estimate.

Argentina Lithium & Energy Corp. is based in Vancouver, B.C. and concentrates its efforts on acquiring and advancing high quality lithium projects in Argentina towards production. The firm’s strategy is highly focused on meeting increasing global demand from the battery sector. The firm’s projects are centered in what is known as the “Lithium Triangle,” which is an area of where Argentina, Chile and Bolivia come together that hosts around 60% of global lithium reserves.

Fundamental Research Corp. advised that it is initiating a “Buy” rating on Argentina Lithium & Energy Corp. The research firm indicated that it estimates the fair value of the company at CA$0.52/share and stated that it arrived at that value by applying a rate of $524/ha to LIT’s land package.

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

Disclosures

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

2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Argentina Lithium & Energy Corp. Click here for important disclosures about sponsor fees.

3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.

4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.

5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Argentina Lithium & Energy Corp., a company mentioned in this article.

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

The opinions expressed in this report are the true opinions of the analyst about this company and industry. Any “forward looking statements” are our best estimates and opinions based upon information that is publicly available and that we believe to be correct, but we have not independently verified with respect to truth or correctness. There is no guarantee that our forecasts will materialize. Actual results will likely vary. The analyst and Fundamental Research Corp. “FRC” does not own any shares of the subject company, does not make a market or offer shares for sale of the subject company, and does not have any investment banking business with the subject company. Fees were paid by LIT to FRC. The purpose of the fee is to subsidize the high costs of research and monitoring. FRC takes steps to ensure independence including setting fees in advance and utilizing analysts who must abide by CFA Institute Code of Ethics and Standards of Professional Conduct.

Additionally, analysts may not trade in any security under coverage. Our full editorial control of all research, timing of release of the reports, and release of liability for negative reports are protected contractually. To further ensure independence, LIT has agreed to a minimum coverage term including an initial report and three updates. Coverage cannot be unilaterally terminated. Distribution procedure: our reports are distributed first to our web-based subscribers on the date shown on this report then made available to delayed 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’s performance inherently involve risks and uncertainties that could cause actual results to differ from such forward-looking statements. By making these forward-looking statements, Fundamental Research Corp. and the analyst/author of this report undertakes no obligation to update these statements for revisions or changes after the date of this report. A report initiating coverage will most often be updated quarterly while a report issuing a rating may have no further or less frequent updates because the subject company is likely to be in earlier stages where nothing material may occur quarter to quarter.

Fundamental Research Corp DOES NOT MAKE ANY WARRANTIES, EXPRESSED OR IMPLIED, AS TO RESULTS TO BE OBTAINED FROM USING THIS INFORMATION AND MAKES NO EXPRESS OR IMPLIED WARRANTIES OR FITNESS FOR A PARTICULAR USE. ANYONE USING THIS REPORT ASSUMES FULL RESPONSIBILITY FOR WHATEVER RESULTS THEY OBTAIN FROM WHATEVER USE THE INFORMATION WAS PUT TO. ALWAYS TALK TO YOUR FINANCIAL ADVISOR BEFORE YOU INVEST. WHETHER A STOCK SHOULD BE INCLUDED IN A PORTFOLIO DEPENDS ON ONE’S RISK TOLERANCE, OBJECTIVES, SITUATION, RETURN ON OTHER ASSETS, ETC. This REPORT is solely for informative purposes and is not a solicitation or an offer to buy or sell any security.

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