TORONTO, Canada: Ubika Research has released a new research bulletin titled “Rodinia Making Strong Progress to Move the Lithium Brine Project to Feasibility”. This research bulletin discusses the operational update issued by Rodinia Lithium Inc (TSX VENTURE: RM) (CVE: RM) (OTCQX: RDNAF) on March 28, 2012. To download the research bulletin please visit: http://www.smallcappower.com/companies/rodinia-lithium-inc/research-reports.html
Ubika Research senior analyst Vishy Karamadam states: “With this latest update, RM is making good progress to move its project to feasibility. The market has not been kind to lithium project developers recently, however the long term favorable demand outlook for lithium has not changed. A positive feasibility study once completed will help RM be in a strong position to get financing and become a producer”.
Rodinia Lithium Inc (TSX VENTURE: RM) (CVE: RM) (OTCQX: RDNAF) is an advanced stage junior explorer currently developing the 100 % owned Salar de Diablillos lithium brine project in Argentina to full feasibility stage. This project, neighbours FMC Corp’s (NYSE: FMC) lithium project (world’s third largest lithium mine). Rodinia’s Salar de Diablillos lithium-brine project in Salta, Argentina, contains a recoverable resource of 2.82 million tonnes lithium carbonate equivalent and 11.27 million tonnes potassium chloride equivalent. The project contains a recoverable inferred resource of 952,553,000 m3 grading 556 mg/L lithium and 6,206 mg/L potassium.
Rodinia also owns 70,000 acres in Clayton Valley, Nevada, which encircles Chemetall’s - a division of Rockwood Holdings (NYSE: ROC) Silver Peak Mine - that has produced up to 5,000 tonnes/year Lithium Carbonate Equivalent (LCE) over the last 40 years. Other major lithium brine players listed in Toronto Stock Exchange include: Talison Lithium Ltd (TSX: TLH) (TSE: TLH) and Orocobre Ltd (TSX: ORL)(TSE: ORL).
To view the initiation research report, analyst commentaries and CEO video interview on Rodinia Lithium Inc (TSXV: RM) (CVE: RM) (OTCQX: RDNAF) please visit: http://www.smallcappower.com/companies/rodinia-lithium-inc/home.html
About Ubika Research
Ubika Research is an investment research and capital market services firm based in Toronto and Vancouver. It provides comprehensive research, communication and capital market exposure program to highlight the investment potential in micro and small cap companies. For more information visit www.ubikaresearch.com
Disclosure
Ubika Research has received compensation from Rodinia Lithium Inc to provide analyst research coverage
Except for the historical information presented herein, matters discussed in this document contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements.
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For additional information contact:
Vishy Karamadam, Managing Director
Email: [email protected]
Phone: 647-352-0666