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★ ★ ★ Oroplata Resources, Inc (15 Minute Candles) ORRP ★ ★ ★
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Welcome To Oroplata Resources, Inc. | ORRP
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Oroplata Resources, Inc. is a lithium resource explorer and developer, which has a primary focus on becoming a low cost provider for the flourishing lithium battery industry.
The world is shifting to clean and renewable energy to power homes and how we transport ourselves on a daily basis. Just like electronic devices, all green homes and cars will need Lithium-ion batteries to store energy and power them. Oroplata locates and develops lithium assets with the goal of supplying the increasing demand from global battery giants like Tesla, Faraday, Panasonic, AESC, LG, BYD and – soon – utility companies.
Oroplata Resources also has one of the largest land packages in Nevada covering over 20,000 acres. The land package are highly prospective and close to the only producing lithium operation in North America – Silver Peak, owned and operated by Albemarle, one the world’s largest lithium producers.
Just a few years ago, we would have scoffed at the idea that electric vehicles could be mainstream anytime soon, or that the global appetite for lithium-ion batteries and mass power storage would be so voracious, and so sudden. Today, no one is scoffing, and lithium is being viewed as our new super-mineral that will catapult us firmly into the next century.
Now Tesla has started buying up Nevada and building its battery gigafactory, with competing gigafactories following suit and competing electric vehicle (EV) manufacturers all throwing billions at this fast-moving market that no one has been able to keep up with.
Not only has the EV taken its first major leap into the mainstream—most notably indicated by Tesla’s phenomenal advance sales of its affordable Model 3—but it’s gone beyond the mainstream. Electric vehicles will be the rule rather than the exception; and lithium the number one commodity of our time.
Germany has mandated that all new cars registered in the country will have to be emissions-free by the year 2030. And to make this a reality, the government has cut a deal with automakers to jointly spend 1.4 billion on incentives to boost electric car sales. They’re hoping to sell 500,000 EVs by 2020. So they’re subsidizing the EV industry, and giving lithium an automatic boost at a time when it doesn’t even need it.
Norway is following suit as well, working on legislation to outright ban the sale of gasoline-powered cars by 2025. And in the U.S., the Wall Street Journal now reports that the mainstream popularity of electric cars will reduce gasoline demand by 5% to 20% over the next two decades, assuming that EVs gain more than 35% market share by 2035.
While our energy revolution got off to a slow start, better cars more affordable ranges, tighter air-pollution regulations and a growing global desire to halt climate change have pushed the revolution over the edge. It’s all powered by lithium, which has always enjoyed steady demand just from our consumer electronics cravings—but is now about to go where no mineral has gone before.
Tesla Motors (NASDAQ:TSLA), Nissan Motor Co. (OTC:NSANY), Hyundai Motor Co. (OTC:HYMTF) and Volkswagen AG (ETR:VOW3) are all putting out EVs, and Ford Motor Co. is planning to invest 4.5 billion over the next four years to develop an amazing 12 new EVs and hybrids, according to the WSJ. “Electric vehicles are one of the biggest market disruptors in centuries—which makes lithium the commodity that gives us the most reason to be bullish,” Oroplata Resources CEO Craig Alfred told Oilprice dot com.
Let the Hoarding Begin - Metal hoarding and demand is being driven up to 15,000 per ton or higher on the spot market, vs. only 5,000 a couple years ago. In 2014, lithium price grew 20%. And in 2015 battery grade lithium spot prices in China surged from 7,000 per ton in the middle of the year to a market-shocking 20,000 per ton earlier this year.
Market consumption could triple from 160,000 metric tons to a staggering 470,000 metric tons by 2025. And even if the EV market share increased by only 1%, it would raise lithium demand by 70,000 metric tons—which is about half of today’s demand. This has made the commodity—described by Goldman Sachs as the “new gasoline” a prime target for the break-out of junior miners who are keen to get in on what has traditionally been an oligopoly. These juniors will be just as disruptive to the market as EVs themselves.
In the race to secure new lithium supply acreage, the juniors are relentless, and the newest junior on the scene is Oroplata Resources, Inc., which recently staked its own claim in Tesla’s backyard, with the 100%-owned Western Nevada Basin project.
Close to home—and close to the North America EV center stage—there’s nowhere else to be but Nevada, which has the only brine-sourced lithium in the country and has strategically positioned itself to be the front line of the American energy revolution. The ‘gigafactory’ state is now the scene of the hottest activity since the California gold rush, and the new entrants are scrambling to stake their claims around the only producing lithium mine in America--Albermarle’s Silver Peak Mine.
According to Fortune magazine, by some estimates the Silver Peak Mine alone “holds the promise of even greater untapped riches of the valuable metal buried beyond the mine.” The juniors are betting that Nevada’s Clayton Valley Basin holds a lot more lithium than we have ever imagined, and geology may just prove them right.
“Never before has there been commodity supply that is this fantastically tight,” says Alfred of Oroplata Resources, which has just confirmed the presence of “highly anomalous lithium values” from its Western Nevada Basin project, right in the heart of the state’s lithium ground zero. “Right now it’s all about getting it out of the ground first and becoming the next suppliers of a revolution that’s already unfolding at a phenomenal pace.”
Musk would agree. When he cut the ribbon on the new gigafactory he noted that he alone would use up most of the world’s existing lithium supply. “In order to produce a half million cars per year…we would basically need to absorb the entire world’s lithium-ion production,” Musk said.
And that’s just one man, one brand of EV and one gigafactory. The race is indeed on to be the first to get at new lithium supply—and there is every reason to be bullish on the new juniors who will disrupt the entire market.
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ORRP | Recent Developments
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Oroplata Resources (ORRP) Acquires Lithium Property
RENO, NEVADA--(Marketwired - Jun 1, 2016) - Oroplata Resources, Inc., (ORRP) is extremely pleased to announce that it has entered into a binding purchase agreement (the "Agreement") to acquire the Western Nevada Basin project ("WNB"), in Southwest Nevada.
The WNB Project covers the south central portion of an area that was first identified as Lithium rich by the USGS (United States Geological Survey). The Project includes 500 mining claims covering approximately 10,000 acres, the company has an option to acquire another 600 mining claims, approximately 12,000 acres. Oroplata will acquire a 100% interest in the WNB project. The vendors of the project will retain a royalty equal to 2% of the gross value of mineral products recovered from commercial production, which may be reduced to 1% with a single payment of 1,000,000 (one million U.S.(D) at any time prior to production.
Lithium Brine projects have a number of significant advantages over conventional hard rock Lithium mining projects; they are cheaper to explore compared to the alternatives; they are quicker in proving up a resource and reserves; they are faster and much less capital intensive to put into production. Lithium brine production also has a much smaller environmental footprint and produces ready-to-ship Lithium carbonate.
Oroplata has recognized the recent explosive growth in lithium demand, which shows little sign of slowing down. Prices for Lithium carbonate are up 47% from the average price in 2015 in the first quarter of this year and numerous sources have reported the potential growth in demand for Lithium to be very robust. The Nevada-based Tesla Gigafactory, expected to open on July 29th 2016, will produce advanced lithium batteries for Tesla. Elon Musk has stated that Tesla will need to consume the entire lithium market to meet its demands of 500,000 Model 3's by 2018.
Chinese demand of lithium has been another factor behind the surge of the lithium market which is driven by the country's desire for electric cars and buses. NextEV, is a Chinese company, will launch its first lithium-ion powered electric car next year. Faraday is another company that has and will continue to contribute to the lithium surge. Faraday is considered to be a future rival to Tesla, which plans on building a 1 billion doIIar facility in North Las Vegas with another potential site in northern California. All of this will create a global shortage in Lithium, thus viable near-term Lithium projects will be in great demand.
In a report from Goldman Sachs called "What if I told you" Goldman refers to lithium as the "new gasoline". This is due to increasing demand for EV's. The cause is that the lithium market could triple from the current demand of 160,000mt to 470,000mt by 2025. Just 1% EV penetration into the market increases demand by 70,000mt a year. With conventional automakers producing more EV's, Tesla producing more cars and new start up companies emerging this is likely to happen.
"The southwest U.S. has a lot of characteristics in common to the large areas of Lithium brine production in South America," comments CEO, Craig Alford, PGeo, "however, the U.S. has much better transportation, knowledgeable manpower and electrical grid infrastructure."
Mr. Alford commented further "The WNB project was selected from several sites and could rival the Clayton Valley. The project has nearby Tertiary Volcanic source rocks for Lithium, a sizeable basin and coincident geochemical and geophysical anomalies." Oroplataresourcesinc.com
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- Move Over Oil – Lithium Is The Future Of TransportationOilprice.com(Tue, Jun 21)
- Oroplata confirms Lithium presence with 80-200 ppm at Western Nevada Basin ProjectGlobeNewswire(Fri, Jun 17)
- OROPLATA RESOURCES, INC. Files SEC form 8-K, Change in Directors or Principal OfficersEDGAR Online(Wed, Jun 15)
- Oroplata Announces Board and Management AppointmentsGlobeNewswire(Mon, Jun 13)
- Drilling Into Oroplata Resources: Looking for Lithium in Teslaas Backyard(Sun, Jun 12)
- OROPLATA RESOURCES, INC. FinancialsEDGAR Online Financials(Sat, Jun 11)
- OROPLATA RESOURCES, INC. Files SEC form 8-K, Entry into a Material Definitive Agreement, Creation of a Direct FinanciEDGAR Online(Wed, Jun 8)
- OROPLATA RESOURCES, INC. Files SEC form 8-K, Unregistered Sale of Equity Securities, Changes in Control or RegistrantEDGAR Online(Tue, Jun 7)
- Oroplata Welcomes CEO Craig Alford, B.Sc. (Hons), M. Sc., P.Geo.(Mon, Jun 6)
- Oroplata Acquires Lithium PropertyMarketwired(Wed, Jun 1)
- OROPLATA RESOURCES, INC. Files SEC form 10-Q, Quarterly Report(Fri, May 6)
- OROPLATA RESOURCES, INC. Files SEC form 10-K/A, Annual Report(Thu, Mar 31)
- OROPLATA RESOURCES, INC. Files SEC form 10-Q, Quarterly ReportEDGAR Online(Wed, Feb 10)
- OROPLATA RESOURCES, INC. Files SEC form 10-K, Annual Report(Tue, Dec 15)
http://finance.yahoo.com/q?s=orrp&ql=1
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★ ★ ★ Oroplata Resources, Inc (15 Minute Candles) ORRP ★ ★ ★
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