Pan American Lithium CEO Featured In Wall Street Transcript Interview
March 05 2010 - 9:00AM
Marketwired
Andrew Brodkey, Chief Executive Officer and President of Pan
American Lithium Corp. (TSX VENTURE: PL)(PINK SHEETS: PALTF) was
recently featured in The Wall Street Transcript. Mr. Brodkey's full
interview is posted on the company's Web site:
http://www.panamericanlithium.com. In the interview, Mr. Brodkey
told the editors of The Wall Street Transcript that the nature and
quality of the company's lithium mining projects combined with the
recently announced Letter-of-Intent with a large international
strategic partner provide investors with an opportunity to actively
participate in the growing demand for lithium.
According to Mr. Brodkey, "Lithium is a new burgeoning market
that's opening up many possibilities in the mining industry. Just
as we've seen the explosion in electronic devices, the utilization
of lithium-ion batteries in cars so they're clean and green has
become a main driver of the development of lithium. Battery usage
today is roughly 30 percent of all lithium demand in the world and
it's growing at a 25 percent rate per year."
Mr. Brodkey also commented that Pan American Lithium owns
interests in nine salars located in Chile's Atacama Region III
where the company's strategy is to explore and develop surface
brine lakes with the goal of producing up to 10,000 tpy of lithium
carbonate production. "Our first order of business is to go to
these easy tappable resources and immediately do a calculation that
tells us the amount of contained lithium." The company's other
project is an option to acquire an interest in a geothermal brine
project in Mexico, which includes brines produced from deep
geothermal wells that have already been drilled by the Cierro
Prieto power plant located in Baja California, Mexico.
"Our Mexican partners who own a private company called
Escondidas entered into a joint venture with CPI Internacional, the
owners of the brine concessions, to commercialize the geothermal
brines," stated Mr. Brodkey. Following successful due diligence and
exercise of the option, Mr. Brodkey stated, "Pan American plans to
purchase a 76 percent or controlling interest in Escondidas, giving
us an indirect 25 percent of the project."
Mr. Brodkey, having 25 years experience in the mining industry
as a mining engineer, lawyer and senior executive, envisions Pan
American Lithium Corp. as the strongest player in the junior
lithium market. "Among the lithium junior world, of the roughly 50
companies that recently appeared on the scene, we're the best play.
Our goal from day one was to be as low as possible on the cost
curve. We strive to be the first into production and fill the
market space. We've got very strong strategic off-take partners
backing us."
About Pan American Lithium Corp.
Pan American is a junior lithium exploration company with an
existing portfolio of rights in nine salars in Region III of Chile
covering a cumulative area in excess of 11,500 hectares, and the
option to acquire an interest in a geothermal brine project in
Mexico.
On Behalf of the Board,
PAN AMERICAN LITHIUM CORP.
Andrew A. Brodkey, President and CEO
This press release, and the Wall Street Transcript article
entitled "Pan American Lithium Corp." dated February 8, 2010, which
is referenced herein, contain projections and forward-looking
information that involve various risks and uncertainties regarding
future events. Such forward-looking information can include without
limitation statements based on current expectations involving a
number of risks and uncertainties and are not guarantees of future
performance of the Company such as the statements related to: (i)
the development of the Company's property interests in Chile and
Mexico, including resource calculations and feasibility studies;
(ii) closing of the option agreement with Escondidas; (iii) the
potential financial investment by POSCO; and (iv) goals for the
Company in 2010. There are numerous risks and uncertainties that
could cause actual results and the Company's plans and objectives
to differ materially from those expressed in the forward-looking
information, including: (i) the decision or inability to close the
Escondidas transaction for any reason; (ii) adverse market
conditions; (iii) a decrease in demand for and price of lithium;
(iv) general uncertainties with respect to mineral exploration and
development in general; (v) changes in the political or regulatory
environment in Chile and Mexico; (vi) inability to raise required
financing or execute the Company's business plan. Actual results
and future events could differ materially from those anticipated in
such information. These and all subsequent written and oral
forward-looking information are based on estimates and opinions of
management on the dates they are made and are expressly qualified
in their entirety by this notice.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Contacts: Pan American Lithium Corp. Damien Lowry 866-669-9377
(toll free) www.panamericanlithium.com
First Potash Corporation (TSXV:PL)
Historical Stock Chart
From Sep 2024 to Oct 2024
First Potash Corporation (TSXV:PL)
Historical Stock Chart
From Oct 2023 to Oct 2024