Li3 Lithium Corp. (“Li3 Lithium” or the “Company”) is focused on acquiring and developing hard rock spodumene lithium assets in Zimbabwe and the Americas where the founders have significant experience and relationships. As evidenced by recent market growth, hard rock lithium deposits are forecast to continue to dominate the global supply of lithium given the scarcity, complexity and capex-intensive nature of alternative brine sources. At present, spodumene concentrate is at a record high price of US$5,500/tonne and forecast to go higher.
Li3 Lithium has acquired its first lithium project in Zimbabwe and is evaluating additional acquisition opportunities in Africa. In the Americas, the Company’ is leveraging the success of the founders’ previous TSX Venture-listed Argentine lithium brine company (LSC Lithium Corporation) that was sold in 2019 for $100+ million. Li3 Lithium aims to find additional lithium project acquisitions in the near term.