Pan American Lithium Corp. Featured as Stock Pick by KonLin Investment Letter
April 07 2010 - 8:45AM
Marketwired
Pan American Lithium Corp. (OTCBB: PALTF)(TSX VENTURE:
PL)(www.panamericanlithium.com), a junior lithium exploration
company based in Tucson, AZ, announced today that it is featured as
a special stock pick in the April issue of the KonLin Letter, an
independent New York-based investment newsletter
(www.konlinletter.com) published by KonLin Research & Analysis.
The investment letter cited the junior company as having an
existing portfolio of rights in nine salars (brine lake and dry
lake beds) in region III of Chile and the option to acquire an
interest in a geothermal brine project in Mexico.
The KonLin Letter recognized the biggest single use of lithium
is rechargeable lithium batteries for cell phones, cordless tools,
laptops, MP3 players and video cameras. This segment represents
about 30% of all lithium demand in the world and is growing at a
25% rate per year. The Konlin Letter also highlighted the following
about PALTF, stating the ultimate target of 4-5:
-- "Most exciting, PALTF possesses advanced projects with near-term
production potential in stable mining-friendly jurisdictions. Also, a
large industrialized investor has signed a Letter of Intent in January
to invest $5 million in PALTF and is winding down their technical due
diligence."
-- "PALTF's astute management team, with President/CEO Andrew Brodkey (a
mining engineer and mining lawyer) at the helm. As a result of strategic
acquisitions (he) has positioned PALTF as a lithium junior with quality
assets among the lowest production costs, allowing them to be first into
market capturing the next wave in mineral exploration lithium."
-- "PALTF's Mexican partners, who own the private company Escondidas,
entered into a joint venture with CPI Internacional, the owners of the
brine concessions, to commercialize the geothermal brines. After
successful due diligence, PALTF plans to purchase 76% or controlling
interest in Escondidas, giving them an indirect 25% of the project. The
strategic partnership puts PALTF light years ahead of most of its
competitors since all the intense exploration and drilling work has been
completed."
-- "One of PALTF's best Chilean salars is Laguna Verde, which can be pretty
easy to pump and extract brines from. This gives PALTF a tremendous
advantage over their competitors, as the Chilean projects could be the
lowest product cost among other sources of Li and are going to be the
first in getting the resource estimates, taking them to feasibility and
ultimate production!"
-- The KonLin Letter also noted "PALTF will probably be the first to market
geothermal brines in Mexico and nine salars in Chile with the goal of
producing up to 10,000 tons of lithium carbonate a year."
On Behalf of the Board,
PAN AMERICAN LITHIUM CORP.
Andrew A. Brodkey, President and CEO
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)
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