LEL 5.26% 50.0¢ lithium energy limited

Hello Everyone,Below are some brief research notes on...

  1. 507 Posts.
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    Hello Everyone,

    Below are some brief research notes on LithiumEnergy Limited. All information was collated from Strike Resources website/presentations and the LEL prospectus.


    Corporate Snapshot

    Market Capitalisation: $16 mil

    Cash Raised: $9 mil

    Enterprise Value: $7 mil

    Shares on Issue: 80.01 mil

    Escrow Shares and options are below

    https://hotcopper.com.au/data/attachments/3164/3164842-856792dc14d8ce239352916deb5cd426.jpg


    Substantial Share Holder:

    Strike Resources Limited $SRK holds 34,410,000shares (43.01% of the company)


    Projects Overview

    ·Flagship Solaroz Lithium Project (Argentina - (90%)

    ·Burke Graphite Project (Queensland) (100%)


    Solaroz Lithium Project

    https://hotcopper.com.au/data/attachments/3164/3164843-bbfdd90efd1a2dba1a1b8628a7b02eee.jpg
    The Solaroz Tenements are mostly adjacent to and principally surrounded by Tenements held by Orocobre Limited (ASX/TSX:ORE) and Lithium Americas Corporation (TSX/NYSE:LAC), within South America’s ‘Lithium Triangle’ in North Western Argentina.
    * Orocobre Limited – Market Cap. Is ~$2.4B AUD

    * Lithium Americas Corporation – Market Cap. Is ~$1.9B CAD

    https://hotcopper.com.au/data/attachments/3164/3164849-3a8090897e1adc27d3a520b0bb87a6c1.jpg

    https://hotcopper.com.au/data/attachments/3164/3164852-20b1a380c2a9915d7218a6b80809af41.jpg

    Burke Graphite Project
    https://hotcopper.com.au/data/attachments/3164/3164855-cb6fe6b01c84cc673c793908fda17c2b.jpg

    https://hotcopper.com.au/data/attachments/3164/3164858-fe86ed2fed12f43d8a2e3e8568c658f0.jpg

    https://hotcopper.com.au/data/attachments/3164/3164859-64988960e1c39d79094f67052cecd25b.jpg

    Lithium and Graphite Market Potential
    https://hotcopper.com.au/data/attachments/3164/3164862-041d12d7e54c7d22db3761e3e06118f3.jpg

    Utilisation of Funds

    https://hotcopper.com.au/data/attachments/3164/3164863-3f7acaff8f2f04944f787b883622b459.jpg

    Expected trading commencement Monday, 24 May2021


    Good luck to all, given the projects and sector strength it looks attractive and should do well on listing.


    All IMO. Please do your own research!


    Last edited by organisation13: 09/05/21
 
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