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The United States currently imports most of the lithium that it consumes – with import reliance today pegged at over 70%. Due to junior lithium explorers having a hard time raising funds in North America, most have signed agreements with battery-makers in Asia. All except one - Cypress Development Corp. (V:CYP), which has a monster lithium deposit in the Clayton Valley of Nevada, right next to Albemarle’s Silver Peak Mine - the only producing lithium mine in the United States. This gives Cypress a compelling advantage over its competitors, in the race to tie up US lithium and create a supply chain that can feed a burgeoning electric battery and car industry, in North America.
Meanwhile, deal-making in the South American salars (evaporated salt lakes), where three-quarters of the world’s lithium is produced, has never been more active. With 50% of the world’s lithium resources in Chile, as well as the country being the lowest-cost producer of the mineral, if you’re a junior resource company in the lithium space, Chile is the place to own lithium projects. And if you’re a buyer in need of lithium, Chile is most likely on your radar.
Lithium Chile Inc (V:LITH) has spent the last few years quietly amassing a huge collection of properties in the “lithium triangle” of Chile, Argentina and Bolivia - where about 75% of the world’s lithium comes from, given its abundance and high quality. Chile is currently the second largest producer of the main ingredient of lithium-ion batteries installed in electric vehicles, behind only Australia, home to the Greenbushes hard rock lithium and tantalum mine owned by Talison Lithium. The small-cap lithium junior holds 152,900 hectares across 14 salars and one “laguna” (lagoon in Spanish), surrounding the world’s most important lithium reserves in the Salar de Atacama.
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