Continental Lithium (PRIVATE: CONTINENTAL) Stock Information | RedChip

Continental Lithium
Private


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Founded in 2017, the Company commenced surface mining in collaboration with local artisanal and small-scale operators in 2018. Over the last five years, the underlying assets acquired by Continental Lithium have produced approximately 15,000 metric tons of lithium concentrate. The Company has plans to develop its lithium and rare earth mineral assets and substantially increase its production for export to the U.S., Europe, and Asia.

Continental Lithium currently owns 100% interest in 26 minerals exploration licenses covering 61,500 hectares which were acquired from the Nigerian Mining Cadastre Office (“MCO”). Fifteen of the 26 exploration licenses cover 45,900 hectares for lithium and other pegmatite-hosted mineralization of tin, tantalum, niobium, and gemstones. In addition, the Company’s exploration licenses are prospective for columbite, zircon sand, monazite, tantalite, and other rare earth metals.





Assets


“Assets”




The Company is one of the largest exporters of lithium in Nigeria and one of only a handful of emerging growth lithium companies that generate revenue. Its close partnership with the Nigerian Ministry of Mines and strong government support for developing lithium assets combined with ease of permitting, give Continental a major strategic advantage over its competitors. Its recently announced partnership with a U.S. based lithium processor expands its capabilities and resources and potentially could result in building the first lithium processing facility in Nigeria. Early investors have an opportunity to participate in what could potentially become one of the leading lithium producers in Africa.



“Four-Year


  • One of the largest exporters of hard-rock lithium in Nigeria
  • Assay results returned from recent exploration work over the project have reported significant values for lithium mineralization ranging between 7.04 and 7.09% Li2O from surface samples
  • Licenses for 26 assets in Nigeria, 15 of which cover 459 KM2 for lithium and other pegmatite-hosted mineralization of tin, tantalum, niobium, and gemstones
  • High-grade spodumene concentrate with an average of 6% Li2O has been exported
  • Generating revenue from existing operations with four-year history of top-line profitability


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