Recent Updates on NRG Metals Argentine Lithium Triangle Drilling Project

NRG Metals

NRG Metals (OTC:$NRGMF) is currently actively drilling its prospective properties in the Argentine Lithium Triangle. Shares in the company have received much attention in the past month as the sector has gained momentum.

Current strength in shares of junior lithium exploration companies is being driven by recent interest from the retail investment community. Considering the vast of capital which is entering the space, it is possible for NRG’s stock price to further increase as there is much economic news to support high valuations.

But, it is important to consider NRG’s current position of early developmental stages of exploration and development efforts at their properties in Argentina. Without further drilling results and more important a Preliminary Economic Assessment completed, an investment in this company should be considered highly speculative.

Despite the early stage of the organization, it has secured an avenue for short-term financing and a potential off-take partner. Based on $66 million shares outstanding, not including the recently proposed financing, the market capitalization is around $26 million, which is considerably high.

Further, the past two years have seen a significant number of junior exploration companies head to Argentina to begin working towards ambitious goals of producing lithium carbonate from brines, or salars. The Andrean Mountains which run through Argentina, Bolivia, and Chile are home to the largest global proven reserves of lithium.

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