$ORRP LithiumOre Provides Update on its Lithium Exploration and Development StrategyPress Release | 05/31/2018
Great Expectations for Railroad Valley to Help Meet the Increasing Demand for Lithium
INCLINE VILLAGE, NV / ACCESSWIRE / May 31, 2018 / LithiumOre (http://lithiumore.net) (the "Company"
, a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP), a lithium resource exploration and development company, is pleased to share its visionary business strategy.
In a recent press release, Mr. Vincent Ramirez, Chief Executive Officer of 3PL Operating, LithiumOre's partner, detailed the lithium dynamics of Railroad Valley Nevada. It demonstrated that Railroad Valley has potentially immense lithium resources that could make it the largest lithium brine deposit in the world. We are in the process of testing these brine deposits on our claims. Our land is positioned in the deepest part of the former lake bed. If this proves out, then all the acreage we have and the surrounding area are considered to have the same deposits. If that is the case, then all our claims can be considered to have the same quality lithium resources as the initial drillings. This would make us very similar to shale oil producers that initially used fracking to develop their oil fields. Upon proving out the model the amount of lithium in the Company's claims will be quantifiable and provable. We believe we can utilize acreage the same way that the shale oil producers use acreage to determine how much net recoverable oil is underneath their land. Based upon information from our partner 3PL, we believe this could be over one million tons of lithium hydroxide. Recently lithium hydroxide has been selling for over $20,000 a ton.
Petroleum-based fuels like gasoline and diesel have dominated the transportation sector for the last century - and they still do. However, policymakers and technocrats are looking toward electric vehicles (EV) to move away from gasoline and diesel. With the support of favorable policies and consumer preferences, EVs, led by Tesla's lineup, are taking off. Already, more than a half million EVs are on the roads in the U.S. and more than a million are on roads worldwide. Dropping internal combustion engines in favor of EVs would seemingly be at odds with the idea of increasing domestic oil and gas production, but the trends come together synergistically in ways that are surprising.
The shale revolution could, in fact, prove to be a critical and helpful partner for EVs in two ways: First, EVs have to be charged with electricity produced by some means, and many do so with power from natural gas-fired power plants. Second, it turns out that the wastewater from shale production in certain regions of the U.S. has relatively high concentrations of lithium, which could be recovered and used to make the lithium-ion batteries necessary for EVs.
Doug Cole, Chairman & Chief Executive Officer of LithiumOre, commented, "With new 'Green' extraction and processing technology in the Lithium industry, there is a new element called 'petrolithium.' Petrolithium has a concentration of lithium carbonate that is 95 percent or greater. The technology at the forefront of this industry-changing process is specific gravity separation technology, which produces petrolithium by efficiently treating lithium ladened brine water in an environmentally friendly and low-cost manner."
We now have a new way to extract a rare 'superfuel' - and it could be the most important energy development since shale oil went commercial. Oh, and it only takes a day. This 'superfuel' is the foundation of everything that defines our high-tech future - from crazed demand for rechargeable batteries, energy storage systems and electric vehicles, to the millions of consumer electronics we boost demand for daily. The superfuel is lithium, and the craze is already on. But we won't have enough - not because we can't find it. Lithium is abundant. It's because demand is skyrocketing and we haven't been able to extract it for a reasonable cost - until now.
Goldman Sachs Group projects that demand for lithium will triple by 2025 to 570,000 tons. Credit Suisse forecasts that demand for lithium "will actually outstrip supply as we approach the later part of the decade, with demand potentially as high as 125 percent of total capacity." As our tech-driven energy future unfolds in front of us and becomes a critical reality, there is nothing more important than diversifying our lithium supply - but the difficulties of extraction make this challenging. Now we have an answer: It's "petrolithium" - a new mining pioneered by a little-known company that has just made one of the biggest leaps in lithium deposits and innovative extraction technology.
LithiumOre holds 260 accepted lithium mineral claims, totaling 5,200 acres, located in the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada. Railroad Valley is approximately 112 miles northeast of Clayton Valley and can be accessed by paved highway directly from U.S. Route 6. Railroad Valley is one of Nevada's largest trapped basins and is noted to hold all the necessary commercial and engineering prerequisites for a massive lithium brine deposit. The Company's claims have been evaluated by experts and the BLM and are targeted for planned on-site exploration expected to begin by mid-2018.
LithiumOre, Corp.
Great Expectations for Railroad Valley to Help Meet the Increasing Demand for Lithium
INCLINE VILLAGE, NV / ACCESSWIRE / May 31, 2018 / LithiumOre (http://lithiumore.net) (the "Company"
, a wholly-owned subsidiary of Oroplata Resources, Inc. (OTCQB: ORRP), a lithium resource exploration and development company, is pleased to share its visionary business strategy. In a recent press release, Mr. Vincent Ramirez, Chief Executive Officer of 3PL Operating, LithiumOre's partner, detailed the lithium dynamics of Railroad Valley Nevada. It demonstrated that Railroad Valley has potentially immense lithium resources that could make it the largest lithium brine deposit in the world. We are in the process of testing these brine deposits on our claims. Our land is positioned in the deepest part of the former lake bed. If this proves out, then all the acreage we have and the surrounding area are considered to have the same deposits. If that is the case, then all our claims can be considered to have the same quality lithium resources as the initial drillings. This would make us very similar to shale oil producers that initially used fracking to develop their oil fields. Upon proving out the model the amount of lithium in the Company's claims will be quantifiable and provable. We believe we can utilize acreage the same way that the shale oil producers use acreage to determine how much net recoverable oil is underneath their land. Based upon information from our partner 3PL, we believe this could be over one million tons of lithium hydroxide. Recently lithium hydroxide has been selling for over $20,000 a ton.
Petroleum-based fuels like gasoline and diesel have dominated the transportation sector for the last century - and they still do. However, policymakers and technocrats are looking toward electric vehicles (EV) to move away from gasoline and diesel. With the support of favorable policies and consumer preferences, EVs, led by Tesla's lineup, are taking off. Already, more than a half million EVs are on the roads in the U.S. and more than a million are on roads worldwide. Dropping internal combustion engines in favor of EVs would seemingly be at odds with the idea of increasing domestic oil and gas production, but the trends come together synergistically in ways that are surprising.
The shale revolution could, in fact, prove to be a critical and helpful partner for EVs in two ways: First, EVs have to be charged with electricity produced by some means, and many do so with power from natural gas-fired power plants. Second, it turns out that the wastewater from shale production in certain regions of the U.S. has relatively high concentrations of lithium, which could be recovered and used to make the lithium-ion batteries necessary for EVs.
Doug Cole, Chairman & Chief Executive Officer of LithiumOre, commented, "With new 'Green' extraction and processing technology in the Lithium industry, there is a new element called 'petrolithium.' Petrolithium has a concentration of lithium carbonate that is 95 percent or greater. The technology at the forefront of this industry-changing process is specific gravity separation technology, which produces petrolithium by efficiently treating lithium ladened brine water in an environmentally friendly and low-cost manner."
We now have a new way to extract a rare 'superfuel' - and it could be the most important energy development since shale oil went commercial. Oh, and it only takes a day. This 'superfuel' is the foundation of everything that defines our high-tech future - from crazed demand for rechargeable batteries, energy storage systems and electric vehicles, to the millions of consumer electronics we boost demand for daily. The superfuel is lithium, and the craze is already on. But we won't have enough - not because we can't find it. Lithium is abundant. It's because demand is skyrocketing and we haven't been able to extract it for a reasonable cost - until now.
Goldman Sachs Group projects that demand for lithium will triple by 2025 to 570,000 tons. Credit Suisse forecasts that demand for lithium "will actually outstrip supply as we approach the later part of the decade, with demand potentially as high as 125 percent of total capacity." As our tech-driven energy future unfolds in front of us and becomes a critical reality, there is nothing more important than diversifying our lithium supply - but the difficulties of extraction make this challenging. Now we have an answer: It's "petrolithium" - a new mining pioneered by a little-known company that has just made one of the biggest leaps in lithium deposits and innovative extraction technology.
LithiumOre holds 260 accepted lithium mineral claims, totaling 5,200 acres, located in the Western Nevada Basin, situated in Railroad Valley in Nye County, Nevada. Railroad Valley is approximately 112 miles northeast of Clayton Valley and can be accessed by paved highway directly from U.S. Route 6. Railroad Valley is one of Nevada's largest trapped basins and is noted to hold all the necessary commercial and engineering prerequisites for a massive lithium brine deposit. The Company's claims have been evaluated by experts and the BLM and are targeted for planned on-site exploration expected to begin by mid-2018.
LithiumOre, Corp.
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