David Sidoo is the CEO of Advantage Lithium, a Vancouver-based company that has projects in Argentina, and Nevada. He spoke to The Fuse about his firm’s operations, the state of lithium markets, and what challenges lay ahead for the industry.

How long has Advantage Lithium been around and where have you staked out space in the lithium market?

We took the company public about a year ago and we raised $9 million initially, and purchased an asset in Nevada. We joint ventured with a company called Nevada Sunrise and picked up interest in about 18,000 hectares. There, we received six permits to drill and have already drilled three holes to date. They are some of the best holes drilled in Nevada. To increase our market cap and boost our asset base, we quickly high-graded Argentina as a favorable place to work. It’s a country where the mining sector is currently booming and the country is open to investment, and specifically the lithium sector. We high-graded one producing company called Orocobre, which trades on the Australian and Toronto stock exchanges, at just under a $1 billion market cap. The company’s six assets in Argentina that we acquired in a deal announced in November of last year are all in what is known as the “lithium triangle.” The assets we acquired sit in the middle of actual Salar’s and are some of the best exploration/exploitation assets in the industry. The flagship asset being “Cauchari,” which hosts just under 500,000 tonnes of lithium carbonate equivalent.

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