Hallgarten & Company: Edison in the Land of the Lithium Giants
Hallgarten & Company’s mining strategist Christopher Ecclestone has published a report on Edison Lithium Corp., detailing the company’s history as well as its recent decision to move from Cobalt to Lithium.
He writes: “. . . Argentina has Lithium and oh, potentially, how much lithium it does have! In theory, Chile was the place to source Lithium from brine lake Lithium deposits (salares) but in a curious own-goal situation Chile has squandered that advantage by trying to keep a tight control on the number of players and advantaging the two incumbents. Predictions are that Argentina will overhaul Chile in terms of Lithium production by 2030. The result of the Chilean torpor at welcoming new entrants is that the surprisingly more laissez-faire attitude in Argentina has made it the go-to place for those wishing to stake positions in salares.”
Commenting on Edison’s transition from Cobalt to Lithium, he concludes: “Edison Lithium’s pivot from Cobalt to Lithium looks like a prescient move. While Cobalt is much sought after it is seldom found. Unicorn hunting can be a long and expensive sport. With Argentina’s rapid evolution as the ‘Saudi of Lithium’ who could fault the company moving into the territory and building up a substantial position?”
About Edison Lithium Corp.
Edison Lithium Corp. is a Canadian-based junior mining exploration company focused on the procurement, exploration and development of cobalt, lithium and other energy metal properties. The Company’s acquisition strategy is based on acquiring affordable, cost-effective and highly regarded mineral properties in areas with proven geological potential. Edison is building a portfolio of quality assets capable of supplying critical materials to the battery industry and intends to capitalize on and have its shareholders benefit from the renewed interest in the battery metals space.
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