|Bid||0.19 x 0|
|Ask||0.20 x 0|
|Day's Range||0.20 - 0.20|
|52 Week Range||0.02 - 0.31|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Forecasts for a glut in lithium, a major ingredient in rechargeable batteries for electric vehicles, fail to account for strong demand and how complicated it is to process and mine, industry executives and analysts said. Morgan Stanley sent lithium stocks tumbling on Monday after it forecast a surplus in the market in 2022 of 190,000 tonnes, resulting in predicted prices nearly halving to $7,699 a tonne. "I am firmly of the view that everyone, including Morgan Stanley, is grossly underestimating how quickly the market is moving on the demand side," Ken Brinsden, chief executive of Australian lithium miner Pilbara Minerals, said at a mining conference in Florida this week.
VANCOUVER, Feb. 23, 2018 /PRNewswire/ - Oroco Resource Corp. (TSX-V: OCO) ("Oroco" or "the Company") is pleased to announce that it has acquired, through its wholly-owned Mexican subsidiary, Minera Xochipala, S.A. de C.V. ("MX"), a 77.5% interest in each of the La China II and Amp. Santo Tomás Reduccion 1 mineral concessions from Santo Tomas Metals, S.A. de C.V. ("STM"), and a 77.5% interest in an application for the Papago 17 mineral concession from Ubaldo Trevizo Ledezma ("Trevizo") of Choix, Sinaloa. In aggregate, the three properties (the "Properties") comprise approximately 6,978 ha and abut and surround the Santo Tomas copper porphyry properties in Sinaloa, Mexico (the "Santo Tomas Concessions"). Please see the attached map for references. The Company has acquired its interest in the La China II concession in consideration for the payment of $100,000 Mexican pesos (approximately CDN$6,700), and its interest in the AMP Santo Tomas Reduccion 1 concession in consideration for the payment of $500,000 Mexican pesos (approximately CDN$33,400). The AMP Santo Tomas Red 1 concession has been cancelled for reason of failure to pay tax arrears. However, STM has indicated that the notices of deficiency and of cancellation were not properly served upon it as required by applicable laws and regulations.