Il J

investor | analyst | husband | father

[Il J @ijlee]

@GuyChase9 looks like cost to borrow went higher for OTC shares- now 2.26%

[NEXTA @nexta_tv]

💪 Start your day with a quick stretch

Simple exercises that are especially helpful if you sit a lot.

Do them every morning — your back and neck will thank you.

Save and repeat!

[Il J @ijlee]

@James_Duade TSX listing should bring more Canadian buyers than sellers but the way short sellers showed up today on X, it looks like they are going to play their game on the OTC which lacks proper oversight.

[Il J @ijlee]

@spacanpanman For Leo’s accumulation, do you know if there was a natural seller or was he buying shares from the shorts?

[Il J @ijlee]

@FuzzyPandaShort You may be right but your request is amateur hour. Are you saying I can write a letter to your accountant requesting an audit?

[Il J @ijlee]

This is good news but we already have enough lithium in the Smackover formation. Processing, cost and refining are the challenges.

[Saint James Hartline @JamesHartline]

MAJOR BREAKING NEWS: U.S. discovery hits the mother lode of lithium deposits. $65B lithium mother lode hidden beneath the Appalachian Mountains could supply the United States with power for centuries.

We may no longer need to rely on foreign batteries to power our electronics. Geologists have announced that the Appalachian Mountains could be hiding a sprawling multibillion-dollar cache of lithium that could last the US hundreds of years.

“This research shows that the Appalachians contain enough lithium to help meet the nation’s growing needs,” declared US Geological Survey Director Ned Mamula in a statement.

According to a map by the institution, this East Coast mountain range houses around 2.5 metric tons of this battery precursor, most of which is concentrated in the Carolinas, Maine and New Hampshire. Total value: around $64.4B dollars.

Per Bloomberg, the US imports nearly half of its consumption of lithium, which powers lithium-ion batteries that are used for everything from iPhones to vehicles and even aerospace alloys.

With this recent mineral motherlode, USGS officials estimate that we could supply 1.6 million grid-scale batteries — enough to power 130 million electric vehicles or supply 180 billion laptops for a collective thousands of years of global use.

It could also fuel 500 billion cellphones, the equivalent of 60 devices for every person on Earth.

All told, this haul is enough to replace 328 years of imports at least year’s level, providing “a major contribution to US mineral security, at a time when global lithium demand is rising rapidly,” said Mamula.

To determine the amount of lithium in the hills, the USGS scientists employed “geologic maps, tectonic history, geochemical sampling, geophysical surveys and records of mineral occurrences,” per the release.

By conducting simulations using a global dataset for lithium pegmatites (a highly valuable coarse igneous rock), they were able to estimate how many untapped lithium deposits there were in the study area.

This allowed them to extrapolate how much of the mineral resource they held. In total, the team identified 18 different lithium-rich districts across the region.

Why do the Appalachians harbor such a treasure trove of this invaluable mineral?

The USGS explained that these pegmatites in the northern Appalachians formed from the same geologic forces that “built the mountains more than 250 million years ago.”

“The high heat and pressure during the mountain-building caused some of the deeper crustal rocks to melt, and some of these magmas were rich in lithium,” they explained. “Because of their immense age, lithium-rich rocks formed during ancient tectonic collisions, when continents slammed together to create the supercontinent Pangea.”

This gold, er, lithium mine is crucial given that the world production “capacity for lithium will double by 2029, driven by increasing demand,” per the statement.

Australia currently leads the charge when it comes to lithium production, supplying nearly half the global supply in 2024.
Following close behind is China, which also accounts for the majority of lithium refining and consumption.

This latest discovery has the potential to reshuffle the list.

“The US was the dominant world producer of lithium three decades ago, and this research highlights the abundant potential to reclaim our mineral independence,” declared Mamula.

[Il J @ijlee]

@ontexasfootball @BlakeMunroeOTF @BobbyBurtonOTF @CJVogel_OTF @GHamiltonOTF @HankSouthOTF @JeffHoweOTF @marcusmyers @rodbabers not again. let's stop with the predictions. who had Mendoza last year?

[Il J @ijlee]

@RpsAgainstTrump Stop blaming!! This is not an all or nothing situation. We are a 2 party system- work within the system.

[Il J @ijlee]

@biancoresearch May create more demand for dollars if transactions are unsanctioned.

[Il J @ijlee]

@felixprehn SLV is backed by physical silver but retail is not able to demand physical delivery like PSLV. Is this what you mean by paper?

[Il J @ijlee]

@NickTimiraos Looks like he will do whatever it takes to get off the bench.

[peripheral 🤦 🇩🇪 💰 @greentardscycle]

cc @JoshCrumb 😂

[Il J @ijlee]

@zerohedge $slv

[Il J @ijlee]

@Wisdom_HQ Who won? Your own stereotype of what it means to be American.

[Il J @ijlee]

@CGasparino Unfortunately, it is like watching season 2 of the same show with no new twists. The language, insults and promises are getting old.

[Richard Christopher Whalen @rcwhalen]

@elonmusk I opted out of the settlement.... @WileyGlobal

[Il J @ijlee]

When will these re-air on CNBC?

[CNBC @CNBC]

"We're doing better than we ever did before," Trump said before his casino company filed for bankruptcy. https://t.co/2pd0rxP3Gv

[Il J @ijlee]

@doomerzoomer Where is Eileen's money deposited- China or US?

[Il J @ijlee]

@cryptorover no free lunch

[Il J @ijlee]

@AGAsianGuy JP Morgan is the custodian to SLV. They don’t have discretion to sell for JPM, only on behalf of SLV.