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Lithium Projects in Quebec
On May 11,
2009, the Company entered into a Mineral property option agreement to acquire 100% interest in and to all mineral
claims to a lithium property in the Le Corne Township, in northwestern part of Québec, in the Province of
Québec, known as the “Chubb Property”. On August 7, 2009, the Company entered into another Mineral property
option agreement to acquire 100% interest in and to all mineral claims to another lithium property in the Figuery
Township, in the Province of Québec, known as the “International Property” comprising approximately 276.35
hectares.
The project
consists of two areas with high lithium occurrences, the Chubb Lithium Property and the International Property.
The combined 32 mineral claims contain multiple target areas for lithium mineralization and represent an ideal
geological environment for hosting large tonnage, high grade lithium deposits.
Nisga’a Nation Lands (northern British Columbia)
MHI
has entered into a partnership with the Nisga’a Business Alliance ("NABA") through the Gitxat'in Development
Corporation to pursue joint venture opportunities in Nisga’a Lands and elsewhere in the North Coast Region. The
project will include geotechnical and geophysical studies, permitting, and drilling of up to two production-size
enterprises. The projects ultimate goal is to obtain necessary information to complete and design for a new mining
and manufacturing operations as well as a geothermal power plant.
Praxis Goldfields
The Praxis Goldfields Project ("Gold fields") is situated in the Skeena Mining Division in northern BC. The
project is located on the same highly prospective geological belt as Barrick
Gold’s Eskay Creek Mine which is one of the richest mineral deposits
in the region. MHI’s
Goldfields
claims are underexplored relative to its surrounding areas. In November 2008, the Company entered into a Letter
of Intent with North Ridge Resources Ltd. ("North Ridge”) to enter in an "Earn-In-Option" agreement with respect to MHI’s gold exploration
project Goldfields. North Ridge is a private company with a seasoned and exploration experienced Board of Directors
which is determined to start the field work in summer of 2009.
Athona Property
Mineral Hill Industries Ltd. entered into an agreement to acquire the "Athona
Property" claims which represent additional lithium occurrences.
These claims are only three kilometers east of MHI’s "International Lithium Property" and approximately thirty five kilometers
from MHI’s
"Chubb Lithium Property".
The Athona Property is comprised of twenty nine mineral claims covering approximately 1,283.64 hectares. The property
is located in the northwestern part of Quebec, close to MHI’s other projects and is well positioned with respect to access roads and transportation
and is only 10 kilometers west of the Quebec Lithium Mine deposit.
Click here to learn more about the projects
Recent Developments
Mon, Aug 24, 2009 •
Mineral Hill Announces commencement of field-work on its Chubb Lithium Property and Appointment of New Director
CNW Group
Mon, Aug 17, 2009 •
Mineral Hill Announces Additional Lithium Property Acquisition
CNW Group
Mon, Sep 21, 2009 •
Mineral Hill Announces 3rd Lithium Property in Quebec CNW Group
Click here to read all the complete news
announcements.
Make
sure to read our Current UpDate, "featuring" Mineral hill. Click on the following link and it will take you there. Current Update
What Is Lithium?
NOUN: Symbol Li1.
Lithium
is a soft, silver-white metal that belongs to the alkali metal group of chemical elements. It is represented by
the symbol Li and has an atomic number of 3. Under standard conditions it is the lightest metal and the least dense
solid element. Like all alkali metals, lithium is highly reactive, corroding quickly in moist air to form a black
tarnish. For this reason, lithium metal is typically stored under the cover of oil. When cut open, lithium exhibits
a metallic luster, but contact with oxygen quickly turns it back to a dull silvery gray color. Lithium in its elemental
state is highly flammable.
Lithium
comes from two major sources 1) hard rock mineral deposits and 2) lithium-rich brines(is
water saturated or nearly saturated with a salt (usually sodium chloride)).
Mineral deposits mainly provide lithium to the ceramics and glass industry in the form of spodumene (a pyroxene mineral consisting of lithium aluminum inosilicate - LiAl(SiO3)2 -
and is a source of lithium). while the brines produce mainly
lithium carbonate and other lithium compounds. Lithium carbonate (Li2CO3) is produced from spodumene when prices
can support the extra processing costs.
The
major industrial use of lithium is in the form of lithium stearate as a thickener for lubricating greases. Other important uses of lithium compounds are in ceramics, specifically
in porcelain enamel formulation; as an additive to give longer life and higher output in alkaline storage batteries;
and in welding and brazing fluxes.
Lithium
is a moderately abundant element and is present in the Earth's crust to the extent of 65 parts per million (ppm).
This places lithium a little below nickel, copper, and tungsten, and a little above cerium and tin in abundance.
Noteworthy
among lithium's physical properties are the high specific heat (heat capacity), large temperature range of the
liquid phase, high thermal conductivity, low viscosity, and very low density. Lithium metal is soluble in liquid
ammonia and is slightly soluble in the lower aliphatic amines, such as ethyl-amine. It is insoluble in hydrocarbons.
The
strongest area of growth is in lithium carbonate for use in batteries which has increased from 6% of demand in
2000 to 20% in 2008. As the technology for lithium
batteries has developed and improved, use has expanded from non-rechargeable batteries for small toys, watches,
and cameras to rechargeable versions that have supplanted NiMH making laptops and cell phones lighter and run longer. Expectations of the next major area to use lithium rechargeable batteries is
the automotive industry which, based on estimates, should require an additional 7,800 tonnes of lithium by 2015.
Combined with continued growth in non-automotive uses, sustained growth from battery demand is estimated to hit
15-20%.
While
battery growth should continue to be the strongest growth sector for the consumption of lithium, all other uses
are also expected to see growth. Most should be in-line with overall economic growth (3-4%) but glass and ceramics,
the largest segment, should see slightly higher uptake, up to 6%, as large, developing nations like China and India
continue to move toward more efficient manufacturing of better quality glass. Increased uptake is also expected
in the rubber and plastics, pharmaceutical and aerospace/alloys industry as new applications for the metal are
adopted.
In My Opinion
Mineral Hill Industries, Ltd. (MHI) offers an opportunity to become part of the explosion in demand for lithium,
the hottest thing to hit mining in years. Thanks to the big push on "gas
saving transportation needs", we are seeing the demand
for alternative methods of getting around increase dramatically. The hybrid & fully electric vehicles are starting
to get in line for any and all changes this soft, silvery, highly reactive metallic element has to offer.
An
important factor about lithium is that currently batteries are not the number one use for lithium. This means that
not only is there a strong market already, but one awaiting the advances in electric automotive industry, still
in its infancy, making it quite apparent that the future for lithium is very strong. This is one of the main reasons
for showing Mineral Hill Industries, Ltd. for this current market. The stock price has yet to reflect the strong future
MHI
has in front of it.
MHI
has recently expanded its interest in the exploration of lithium by acquiring additional properties that hold a
strong promise for success, and we can bet the company will pick up more properties as long as they fit the bill.
The aggressive stance management has taken is another reason for putting MHI on the top of our list for new investments.
Speaking
of management, MHI
has one of the most qualified management teams we might run in to, with years of successful experience in the mining
business, making another reason MHI has a strong future in front of it.
Yes,
we are still years away from a large percentage of electric cars in the country, but one thing is for sure, each
year there will be many more added to the current list, as more manufacturers gear up for this new business, meaning
a giant market is waiting on the side line.
Another
reason I like MHI
for this current market is the price of the stock. Trading around the $0.15 area is basically the bottom of the
trading range. The only time under a dime was from November/08 to May/09 with a fast dip to abut 0.03 in November
and again this last May, but on light volume and up fast both times. With so little trading at those levels it
would not be considered a bottom.
The
stock has been building support right here in the mid teen area, but with a leaning to the upside. The average
daily volume is around 50,000 shares, telling us MHI already is fairly liquid.
The
public float is low, meaning fewer sellers are around at the current low prices. The industry - all by itself -
is enough to attract new investors to the company, not counting the aggressive growth concept the company is pursuing.
I expect more news before too long, plus the
company is currently involved in a large investor awareness program, which should bring in many new investors as
they become aware of the stock.
Although,
Mineral Hill Industries, Ltd., is just getting going, waiting is not an option if wanting to become a shareholder. The
price can easily move from here, considering it is in such a growing industry, with little reason for the stock
price to fall back once it starts climbing. Samples have already been tested and results should come back soon,
meaning news can come anytime.
I
have looked at many companies in this field and, as in the rest of the markets, the best of the best are already
too high to buy. In a market that has climbed so far in such a short period, it is important to join the bargain
hunter and not join the chase. This, in-my-opinion, is what makes MHI shine. A young company with a needed product, trading near the low, with a strong
future in front of it. I believe I have found a big winner in MHI and buying at current levels could make the bargain of the year.
I
will be adding Mineral Hill Industries, Ltd. to our "Stocks to Watch"
section and updating via email on important news.
Make
sure to read our Current UpDate, "featuring" Mineral hill. Click on the following link and it will take you there. Current Update
.
Buy here!
(QUOTE) (NEWS)
There is much to learn by visiting the Mineral Hill Industries, Ltd.
Web site.
A link has been provided below for MHI's Home Page
Click
Here To Visit Mineral Hill's Web Site at
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J.R. Budke had been a stock broker since 1981, an options principle since
1982 and a branch office manager since 1987. He is currently inactive as a stockbroker as of 12/31/99. J.R. writes
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The recommendations and updates in this article may include "forward- looking" statements as that term
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Although the "Stocks in the Spotlight" does not charge a company for a recommendation, Mineral Hill Industries,
Ltd., has agreed to sponsor an investor awareness program. The Stocks in the Spotlight has been compensated for
the cost of the advertising program. It is our belief that a brand awareness program will assist in moving the
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concept is that of JR Budke and no other. |
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