LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF) Is A Top Lithium Play

The market is pushing up the share price of LIBERTY ONE LITHIU COM NPV (OTCMKTS:LRTTF), the developer of high grade lithium brine deposits. The share price traded around the $.40 level for most of June and then started to break higher in July. At this point in time, the share price is at the level of $0.55. The move represents a 25% return in less than a month, which drew our attention. Apart from the fact that the company mines one of the most demanded minerals at the moment needed for the manufacturing of electric batteries, significant developments were put out in July. Thus, we will assess them all. First of all, have a look at the recent share price action.SourceBusinessLiberty One Lithium Corp is a Vancouver, Canada based exploration company, which is focused on the acquisition and development of high grade lithium brine deposits. The firm has been in existence since 1996. Over the past 20 years, the firm has experienced solid growth with two projects under its belt.

• The "Pocitos West" project: it consists of over 39,000 acres in the middle of the renowned lithium triangle in Western Salta Province, Argentina.
• The “North Paradox” property: it consists of 233 placer claims encompassing 4,480 acres located upon the Paradox Basin in Grand County, in Utah.

Recent Developments - The JV with Millennial Lithium Corp. and new CEOOn June 15, 2017, Liberty One Lithium corp. announced that it secured a mineral option and joint venture agreement with MILLENNIAL LITHIUM COM NPV (OTCMKTS:MLNLF ) of Vancouver. This agreement will allow Liberty One Lithium corp. to explore 39,000 acres of the Pocitos Salar, western Salta Province, and 80% undivided beneficial right. President Brad Hoeppner stated that:

“Examination of sampling efforts that were underway at an adjacent claim area was extremely interesting and we are preparing to move ahead with our initial report with an aim to ready work plans by our agreement.” Source

On Jun 22, 2017, Liberty One Lithium corp. announced the appointment of Mr. Kyle Stevenson as a Board of Director. Morgan Tincher, the Director of Liberty One Lithium corp., stated the following:

“As one of the founders of Millennial corp. his work helped establish their company as a respected operator in Argentina. We are fortunate to have Kyle's guidance available to us as we move ahead together at the Pocitos West property." Source

Furthermore, on July 13, 2017, Liberty One Lithium corp. announced that it was conducting a geophysical survey on 15,857 hectare land of Pocitos West Project. The survey will be utilizing the vertical electrical soundings to detect variations in subsurface conductivity. Mr. Morgan Tincher, the Director of Liberty One Lithium corp., noted:

“Our intent is to move ahead with our initial NI 43-101 report and to continue to focus our efforts on building shareholder value”. Source

The company has not put out when the results of the survey will be ready. As we believe that this news was relevant and made the market react, we will be waiting for the results. This news will be a catalyst for the stock.Finally, another significant announcement was the election of a new CEO. On Jul 25, 2017, Liberty One Lithium corp. announced that it hired Mr. Brad Nichol as new CEO of the firm. In the past 25 years, he has worked as a senior executive and director for some public and private enterprises including the big consultancy firm Schlumberger. Mr. Morgan Tincher, the Director, and CFO of the Liberty One Lithium corp, quoted:

"We are delighted to have Brad join us today. His background in corporate finance, as well as his extensive understanding of resource development, is a huge plus for our growing operation.” Source

His profile is very interesting. This was quoted in the press release:

"During this period, he led each successive organization through multiple rounds of private and public project financings, initiated and executed dual listings, established key international and domestic financial relations, oversaw M&A, technical, operational, HR, investor relations, legal and regulatory functions as well as closing several accretive asset acquisitions and financings in multiple jurisdictions." Source

What we appreciated is that he has a lot of financial expertise, thus he understands better than others how to provide more value to shareholders. Additionally, his M&A experience will help the company grow.Conclusion We see one very good catalyst coming up soon: the results that the geologists will provide to LRTTF soon. We don't really know when this will happen, so we need to be really alert. In addition, the facts that the company is changing directors and CEOs are all positive signs. To sum up, there's a lot to like with LRTTF.We will be updating our subscribers as soon as we know more. For the latest updates on LRTTF, sign up below!Image courtesy of kevin saint gray via FlickrDisclosure: We have no position in LRTTF and have not been compensated for this article.