There are many explorers in the world. 95% of these explorers have desperate attempts to find something valuable such as gold, REE, PGE, cobalt, nickel, copper. These elements are very important but in current economic conditions they are not so popular.
These explorers once again try to convince investors that they found Lithium. Lithium is new white gold or new oil of next 50 years. However 95% these explorers have non-economic grade, resources. As Elon Musk said there are plenty lithium but most of them never be mined. Because they are economically not viable.
Several bankers, short sellers, so call consultancy companies counting these empty companies as lithium suppliers and than claim there is lithium over supply.
They are misleading market and retail investors to sell their shares cheaper as much as possible. The next step for these vampires buy retail investors shares, purchasing valuable companies with lowest possible price. They block each other, fight each other for Lithium assets.
They are cancers of capitalist systems. They know very well they are cheating and misleading.
Lithium is most important energy metal, there is no such a element in periodic table. USA, EU, Australia declared that lithium is strategically critical energy metal. There is high grade battery grade lithium supply shortages and this situation is not going to change next 30 years.
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