XTC General discussion, page-1229

This from the Hallgarten report.

Like the whole of the Batteries Metals space NRG was becalmed, in the wake of the 2016-17 boomlet,
after an ignorant prognostication was published by one of Wall Street Bulge Bracket firms claiming that
there would be a massive surplus of Lithium by 2025. The result of this was that limited funds raised
during the surge in investor interest had to be eked out is any progress was to be made on projects.
By mid-2018 however it was clear that an upturn in Lithium was still several years off and that
something had to give. In NRG’s case it resolved to focus down from its two projects, Salar Escondido
(essentially the Luz Maria license) and Hombre Muerto Norte. The company opted to carry on with the
latter and dropped the licenses on Carachi Pampa.


They just chose one to zero in on which they currently operate.....we now own the other!