92 Resources (NTY: TSX-V | R9G2:FSE) is an emerging junior exploration company focused on acquiring and advancing strategic & prospective assets to the benefit of its shareholder. 92 entered into a Property Purchase Agreement to acquire a 100% interest in the Hidden Lake Lithium Property.
The Hidden Lake Lithium Property consists of two mineral claims, totalling approximately 1,100 hectares. It is located just north of Highway 4, approximately 40 km northeast of the city of Yellowknife, NT. The property is highly prospective for spodumene-bearing lithium pegmatites.Read More
Focus on Energy
Lithium is a green metal and a strategic metal used in clean technology - energy storage (batteries), electronics, electric vehicles, ceramics, alloys, lubricants and pharmaceuticals. Goldman Sachs (Dec 2, 2015) says “Lithium is the new Gasoline”
Annual sales of lithium salts worldwide are estimated at $1 Billion US. With both demand and price set to surge, this figure could grow dramatically. Demand is growing at 10% per year, while new technologies continue to support this growth trend well into the future – e.g. Tesla Motors Gigafactory in Nevada