Just got sent an update from Oil and Gas bulletin about this mining Junior. See excerpts below:

That’s why I think Lithium-X (LIX-TSXv) is the stock to own for the Big Leverage to the lithium space.

When I see the track record of Chairman Paul Matysek and financier Frank Giustra packed inside a $16 million market cap (40 million shares)—in the first inning of the next bubble in junior energy stocks—I think investors’ odds of making Big Money is very, very good.
Both men have built and sold multiple juniors, creating huge wealth for shareholders. Matysek has even done it once before in lithium, taking a junior called Lithium One from 10 cents and merging it with Australian company called Galaxy Resources for $1.55—a 15 bagger, or 1500%, in 2 ½ years. He had to do over 50 deals to make that merger happen in 2012.

That means out of the gate I have a management team who already knows everyone in this new and now fast growing industry.
As I said, Matysek has already built and sold one lithium asset. He has come back to lithium because he sees the both the fundamentals and the Big Money lining up.

“In 2012; there wasn’t an Elon Musk; there wasn’t global warming becoming more evident. Grid storage wasn’t a big thing. The use of batteries, the proliferation of cell phones and everything we have is being electrified and that wasn’t reflected in the market. There wasn’t such a demand in 2012 but there surely and clearly is today.”

Matysek says the strategy for Lithium X will be similar to his other successful plays—find the lowest cost assets, and get them into his company by acquisitions or mergers. It sounds simple, but only Matysek has the track record to do it.

Lithium One’s first asset is in Nevada, right beside one of Albemarle’s (ALB-NYSE) producing lithium brine mines. But Matysek says he is already making his M&A list.

“We have our purchase in Clayton Valley Nevada and will drill that project in the next 6 months and get a resource. We’ll look at its viability and try to fast track that. It’s in Nevada and it’s a great place to do that. There’s money being offered to Nevada companies. We’ll try to expand and grow and get as close to getting as many near term production as possible. So we’ll use my expertise and contacts and treasury and hopefully the share price can afford to buy things.”

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