New York, NY (PRWEB) February 5, 2010
Metals & Minerals Digest has published a review on newly trading mineral development and exploration mining company Pan American Lithium Corp. (TSX VENTURE: PL) (US Listing: PALTF). The publication offers insight and opportunity afforded investors as PL.V is advancing lithium brine projects in Chile's Atacama Region III and possesses a relatively short timeline into production on their geothermal brine mineral recovery project in Baja California, Mexico.
The full publication with chart and valuation commentary may be found at: http://metalsandminerals.net/MMplFeb10.pdf online.
For exposure to the lithium sector Pan American Lithium Corp. offers the best risk-reward characteristics as PL.V possesses advanced projects with near term production potential in stable mining friendly jurisdictions. Their Mexican geothermal brines have the existing infrastructure and feedstock to facilitate low cost lithium production. Pan American's Chilean Salars (located in the Atacama Region III) are among the best in the world and are highly coveted assets to anxious global industrial manufactures looking to ensure they have adequate supplies of lithium to satisfy demands.
Pan American Lithium Corp. is a new mineral development and exploration mining company listed on the TSX Venture Exchange (ticker symbol PL) (US Listing: PALTF). Pan American was formed to develop attractive, low cost and well-located lithium projects.
Pan American Lithium is advancing lithium brine projects in Chile's Atacama Region III and possesses a relatively short timeline into production on their geothermal brine mineral recovery project in Baja California, Mexico.
Nine Salars, Atacama Region III, Chile: The PL.V salars are considered among the best salars in the world prospective for Li production. Pan American's Laguna Verde Project is located in the lithium triangle which also hosts SQM's (world's largest producer of lithium carbonate) Salar del Carmen facilities. Pan American's Laguna Verde Project is the company's primary Chilean salar to be advanced with the goal of near term low cost lithium production. A resource estimate study on the Laguna Verde Salar is expected to be completed sometime during the first calendar quarter of 2010.
Geothermal Brine Mineral Recovery Project, Baja Mexico: Pan American Lithium has rights to commercial scale recovery from brines produced at the 2nd largest geothermal plant in the world. 5.7 Million gallons per day brine flow, plans for fast track to production, sizeable interest in potential for an initial 5,000+ tonnes of li carbonate per annum. The project has exceptional existing infrastructure.
Noteworthy Participation a Sign of Strong Confidence in Pan American's Projects and Management: Pan American Lithium has entered into a non-binding Letter of Intent with Pohang Iron and Steel Company (POSCO is the world's second largest steel maker by market value and Asia's most profitable steelmaker), whereby an amount of up to CDN$5 million may be invested by POSCO in PL.V. The arrangement is currently subject to due diligence. Metals & Minerals Digest notes that Warren Buffett's Berkshire has an ownership stake in POSCO.
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