LiCo Energy Metals Inc.
LiCo Energy Metals is a junior Lithium and Cobalt mining company that presents itself as:
a grassroots Canadian company that conducts exploration for metals used in the production of lithium-ion batteries. Exploration of these metals has become critical in the face of surging demand for electric vehicles, cell-phones, and many other modern devices. LiCo Energy Metals has four ongoing projects in mining-friendly jurisdictions within Canada, United States, and Chile.
LiCo on the Stock Market
The LiCo stock is traded on:
- The Toronto Stock Exchange as TSX-V: LiC
- The US Over-The-Counter Stock Market as OTCQB: WCTXF
- The German Stock market as FRA: 43W1
15-Year Long Foundation Stage
Charting the Canadian LiC stock on a logarithmic price scale reveals a descending resistance line that has been capping the stock price since 2002, an impressive 15-year long foundation stage. This is combined with a rising support from the end of 2012 to build a contracting triangle pattern. As the price is being compressed towards the apex of the triangle higher volumes are developing, which is a good predictor of higher prices coming.
Lithium and Cobalt Assets for the Electric Vehicle Market
LiCo Energy Metals is one the few energy metal companies with both Lithium and Cobalt mining projects in friendly jurisdictions within Canada, United States, and Chile:
- Glencore Cobalt Projet in Canada
- Teledyne Cobalt Project in Canada
- Purickuta Lithium Exploitation Project in Chile
- Dixie Valley Lithium Exploration Project in US, Nevada
- BlackRock Desert Lithium Exploration Project in US, Nevada
These project are all aiming at developing battery-grade lithium or cobalt for the booming electric vehicle market.
Investing in LiCo Energy Minerals
The combination of promising development perspectives and constructive charting technicals are strongly convincing and conducive to investing into LiCo Energy Metals.
We like to buy LiC on the Toronto Stock Exchange whereas the breakout above the descending resistance line should unleash a major long term bullish potential.
Our Strategy will now be detailed in the Long Term Portfolio.