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Modern Technology For Lithium Processing – Standard Lithium CEO Interview

Robert Mintak, CEO of Standard Lithium Ltd., speaks on the company’s portfolio of US lithium brine projects.

Standard Lithium is building a highly prospective portfolio of domestic US lithium brine projects. Unlocking value using modern technology on resources that have been overlooked by other companies.

There’s opportunities in North America, there’s opportunities in the domestic United States on brine projects that have been overlooked because the approach the companies have taken is to apply conventional mining processes to them. We’ve identified a project in California in Bristow Lake. We are partnered with a existing producing mine.

The region has been producing industrial minerals from brine for over a hundred years so we know there’s a lithium value there, we’ve sampled the brine at surface, we know there’s lithium in the brine. There’s infrastructure in place, Route 66 runs right up to the door of the company. There’s power on-site, there’s water on-site, the projects five hours from the Port of Los Angeles.It’s in California which is the green energy capital of the world. That eliminates a number of the risks that companies take on being able to bring their projects forward.

We’re at the beginning of a growth cycle, we’ve just completed a 7.5 million dollar financing. Work is now underway on unlocking resource value on our California asset and we’re looking at growth opportunities on acquiring new assets that have been undervalued or overlooked. We’re looking to unlock value using modern technology.

The world’s demand for lithium is projected to be a whopping 534,000 metric tonnes by 2025. That represents a 300% increase from today.

Global trade dynamics are evolving, as we settle into the “new normal,” proximity to demand, geopolitical stability and innovative production ecosystems will trump existing supply chains, as technology transforms and unlocks resource value in the years ahead.
Technology is reshaping our approach to mining, putting resources that were once inaccessible or overlooked within reach. Several promising technology-driven transformations in lithium processing have the potential to open up new regions to production.

Standard’s value creation strategy encompasses acquiring a diverse and highly prospective portfolio of domestic production locations led by an innovation & results oriented management team with a strong focus on technical skills.

 

For more information on Standard Lithium Ltd. (SLL.V) please fill out the form below.

Name: Robert Mintak

Position: CEO

Company: Standard Lithium Ltd.

Sector: Mining

Website: http://standardlithium.com

Stock: SLL.V

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Marijuana economics: predicting Ontario’s legal pot market

Data on the potential for recreational weed sales suggest retail value of some $2 billion in first year.

When you look closely at the projections for recreational marijuana demand once pot is legalized in this country, you have to wonder what some of the analysts are smoking.

The accounting firm Deloitte came up with a headline-grabbing figure of $22.6 billion a year for the Canadian pot industry. That would mean every adult in the country spending nearly $800 annually on weed and related products, and would be more than total annual retail booze sales: beer, wine and spirits combined.

  • Ontario considers pricing recreational pot at $10/gram
  • Ontario unveils pot plan, with online ordering, 150 stores

A senior economist at CIBC World Markets extrapolated from Colorado’s sales figures to come up with a $10 billion estimate of the Canadian demand for legal cannabis, and projected provincial and federal governments could rake in $5 billion per year in tax revenue.

More cautious analysts are trying to rein in expectations, projecting that Canadians will actually spend less on marijuana than they do on footwear ($7.4 billion last year, according to Statistics Canada).

“I don’t think the numbers are that high,” said Chris Damas, editor of The BCMI Report, a stock market newsletter. “Many people who write about cannabis have a vested interest in promoting the industry.”

Damas says the “most independent” report on the marijuana market has come from the Parliamentary Budget Officer. That report, issued last November, estimates annual national demand for recreational pot at 650 to 690 tons, for a total retail market of $5.5 to $5.8 billion.

The Ontario government has been reluctant to make public any figures about projected marijuana demand or the likely value of the retail market, leading to wild speculation.

Ontario pot market: $1.6 to $2.3 billion

The Parliamentary Budget Officer’s projections would suggest $2.1 to $2.3 billion in retail sales in Ontario.

Another rough estimate can be done based on the first province to announce a recreational marijuana supply agreement.  Last week, New Brunswick announced two deals for a total annual supply of nine tonnes (9,000 kg) of recreational weed.

“I expect 9,000 kilograms will represent the bulk of what demand will be in New Brunswick,” said Mark Zekulin, president of Canopy Growth Corp., headquartered in Smiths Falls, Ont. It is contracted to supply four tonnes of pot to New Brunswick.

Ontario is 18 times the size of New Brunswick. Assume a retail price of $10 a gram, do the math, and it suggests annual sales worth around $1.6 billion in Ontario.

  • ANALYSIS: Taxing pot sales needs to hit the correct balance
  • Answers to 10 burning questions about Ontario’s plan to sell weed

The figure of $10 per gram for recreational marijuana is “the typical average retail price that exists out there today,” said Zekulin. “Will that be the retail price? Will it be a little higher? A little lower? We don’t know.”

Reports that hype the size of the recreational pot market are based on overestimating consumption once legalization occurs, says Damas. Some of these reports have predicted as much as 40 per cent of Canadian adults will use legalized weed.

“People who say that so many adults will be users frequently of cannabis really are skirting the limits of credibility,” said Damas in an interview Wednesday with CBC News.

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Euro-Area Economy Is on Track for Best Quarter Since 2015

European and German flag

The euro-area economy may have grown at the fastest pace in more than two years in the third quarter after an unexpected upturn in September.

IHS Markit’s index of private-sector activity jumped to a four-month high of 56.7 from 55.7 in August. Economists expected a reading of 55.6. Both services and manufacturing strengthened, with a gauge for the latter reaching a level not seen in more than six years.

Markit said the economy showed a “burst of activity” in September and its surveys point to economic growth of 0.7 percent over the quarter. That would be the fastest since the start of 2015. Some companies raised concerns about the strength of the euro, but Markit said the currency appears so far to have had “only a modest impact on exports.”

At Barclays, economist Apolline Menut said the PMI surveys marked a “solid end to the quarter.” She expects economic growth of 0.5 percent this quarter and next as domestic demand offsets a moderation in net trade, though there’s a chance it could be stronger.

Separate reports on Friday showed improvements in both Germany and France this month, with the PMI for both nations hitting the highest in more than six years. Markit said Germany, the eurozone’s biggest economy, is in “rude health.”

The latest positive readings keep the 19-nation region on track for its best year since at least 2010. The euro rose on Friday and was up 0.4 percent to $1.1989 as of 10:34 a.m. in London. It’s near the highest since early 2015.

The economy’s outlook got another upgrade this month in Bloomberg’s latest economic survey. Gross domestic product is now forecast to rise 2.1 percent this year, up 0.1 percentage point compared with August. That’s the eighth positive reassessment in the past year.

The European Central Bank also raised its forecasts this month, to 2.2 percent. ECB President Mario Draghi said at the time that the expansion “continues to be solid and broad-based across countries and sectors.”

Against that backdrop, policy makers have begun a debate on how to slow the monthly asset purchases they’ve used to help support the economy in recent years.

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Canadian Inflation Accelerates to 1.4% on Gasoline

Canadian consumer prices continued to show some signs of pick up last month, Statistics Canada said Friday in a report that could bolster policy makers’ confidence inflation is trending higher from extremely low levels.

Highlights of August CPI Report

  • Annual inflation accelerated to 1.4 percent, largely due to higher gasoline prices
  • The rate came in slightly below economist expectations for a 1.5 percent increase in August
  • The average of the Bank of Canada’s three key core inflation measures were 1.53 percent, versus 1.47 percent in July

Key Takeaways

After two rate hikes since July, investors are anticipating as many as three more increases from the Bank of Canada by the end of next year on the expectation the central bank will act to quash any inflation pressures.

While the inflation rate remains below the central bank’s target, the Bank of Canada has justified the rate hikes by citing quickly vanishing excess capacity in the economy and by claiming the forces keeping inflation subdued are temporary.

The clearest sign the recent weakness in prices has at least bottomed out are signs of rising key core inflation readings. The 1.53 percent reading is the highest since February.

Sluggish inflation has primarily been a goods phenomenon. The prices for goods have actually been deflating on a year-over- year basis in recent months, but showed some pick-up in August with a 0.4 percent reading. Service price inflation has been at or above the central bank’s 2 percent target for 10 months, and posted a 2.2 percent gain in August.

Other Details

  • For the three so-called core measures, the ‘common’ core rate was 1.5 percent, the ‘median’ core rate was 1.7 percent and the ‘trim’ measure was 1.4 percent
  • On the month, consumer prices were up 0.1 percent, versus a forecast for a 0.2 percent increase. On a seasonally adjusted basis, the price index rose 0.2 percent on the month.
  • Major contributors. Higher gasoline prices — which were up 8.6 percent over the 12-month period — were the major factor behind the rise in overall inflation.
  • Excluding gasoline, headline inflation was 1.1 percent from a year earlier, unchanged from July. Inflation would have been down 0.1 percent on a monthly basis excluding gasoline.

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NEWS: The Green Organic Dutchman Announces the Hiring of New CFO and Vice President of Horticulture

The Green Organic Dutchman Holdings Ltd. (the “Company” or “TGOD”) is pleased to announce the hiring of a new Chief Financial Officer, Amy Stephenson, and a new Vice President of Horticulture, David Peron.

CFO – Amy Stephenson, MBA, CFA, CPA, CMA
Amy has over 20 years of executive experience in both the private and public sectors. Amy brings a wealth of knowledge and experience to TGOD from her vast experience working with market leaders in a Canadian cannabis industry. Some of Amy’s previous experience includes; CFO for Branson Corporate Services where she acted as CFO of Aurora Cannabis Inc. Prior to that, Amy was the CFO at Bedrocan Cannabis Corp. and controller at Canopy Growth Inc.

Amy Stephenson is a Board member of CFA Society Toronto.  She was non-member Council and Chair of the Audit Committee for the Association of Professional GeoScientists Ontario (“APGO”) for 6 years.  Amy is a CFA Charter holder, a Chartered Professional Accountant (CPA, CMA) and a member of the Financial Executive International (FEI).

Vice President of Horticulture – David Peron, M.Sc
David Bernard-Perron is an agrologist and holds a Master of Science Degree in Plant Sciences from McGill University. In addition to his role at TGOD, David consults as the Chief Science Officer for Destiny Biotechnology, a company based in Vernon, BC that provides living soil systems for organic cannabis production. David began his career working in greenhouse production in 2001, then for McGill Greenhouses and Horticultural Research Centre. From there, he went on to become the lead agrologist at the Whistler Medical Marijuana Corporation (WMMC), where he designed the certified organic growing program and lead the company’s facility through the organic certification process, becoming the first and only fully certified organic licensed producer of medical cannabis in Canada.

TGODH President, Csaba Reider, states, “This is another step forward for The Green Organic Dutchman as we continue to add to our impressive and continuously growing management team. Both Amy and David bring with them a wealth of industry-specific knowledge that will help advance our company”.

The Company is currently completing a private placement offering of units consisting of C$13,000,350 non-brokered and C$7,000,125 brokered. The syndicate in the brokered placement include; PI Financial Corp. as lead agent with Canaccord Genuity Corp., Haywood Securities Inc., and Mackie Research Corp. Anyone who requires additional information or has an interest in participating in the private placement should contact the company.

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