A true energy metal company: LiCo Energy Metals is positioned to find lithium and cobalt resources
LiCo Energy Metals (TSX.V: LIC) is a grassroots Canadian company that conducts exploration for metals used in the production of lithium-ion batteries. Exploration of these metals has become critical in the face of surging demand for electric vehicles, cell-phones, and many other modern devices. LiCo Energy Metals has four ongoing projects in mining-friendly jurisdictions within Canada, United States, and Chile.
In this interview, Tim Fernback, President and CEO of LiCo Energy Metals, speaks with Hannah Bernard about the company’s various lithium and cobalt properties. Tim discusses how the company has two lithium properties in Nevada, which is the only producing region in North America for lithium. Moreover, the company also has properties in Chile, specifically in the Salar de Atacama, where they are one of four companies located in the area. Lastly, the company also has cobalt properties in Ontario, which is the second most favorable jurisdiction in the world for mining.
Tim expands on the company’s exploration program in Ontario by noting that their drilling at the Teledyne and Glencore properties is almost complete. LiCo recently acquired a property from Glencore, which has been historically drilled in 1980, and they feel that with the combination of the two properties, they can generate promising resources. The company has had 32 holes drilled, and about just under 4,000m of drilling, and they’ve already started receiving results. Fortunately, the outcome has gone exactly as planned, with LiCo finding cobalt camp style mineralization in all of the drill holes drilled so far. The cobalt grade was as high as about 7.5% in the drill core.
Tim looks forward to what the new year will bring as the company is looking to increase the size of its drill program at Teledyne and Glencore. LiCo’s (TSXV: LIC) properties are in great areas for finding resources and are well-structured to find cobalt and lithium. Investors should look forward to the year ahead, as this is a true energy metal company.