IONGF - ION Energy: Unlocking Mongolia's Lithium Potential

2024-03-27 17:08:02 ET

Lithium Stocks to Invest in

Lithium, a metal with diverse applications, is in high demand, especially for electric vehicle batteries. In 2017, ION Energy's management team set their sights on Mongolia for new lithium discoveries, recognizing its underexplored potential and proximity to China, the world's largest consumer of lithium. Since its founding in 2017, Ion Energy acquired two highly promising properties, Baavhai Uul and Urgakh Naran, totaling 110,000 hectares. Urgakh Naran, in particular, stands out with impressive lithium volumes and grades, exceeding those of competitors.

Mongolia, though just beginning to embrace mining opportunities, benefits from Ion's experienced management and technical teams. Ion's experts have successfully built and sold companies worldwide, with local Mongolian specialists enhancing their knowledge. The region's under explored nature has attracted the attention of major players in the mining industry.

ION Energy is now poised to execute its short and long-term strategies in Mongolia. They plan to conduct geophysical surveys at Baavhai Uul and progress towards an inferred resource at Urgakh Naran. Their goal is to bring in a strategic investor with lithium production expertise and work towards a majority stake in the assets.

Additionally, Ion has acquired two promising lithium assets in the Northwest Territories Lithium District, further establishing itself as a global supplier. Mongolia's untapped potential in the lithium market has drawn Ion Energy's attention, and they are ready to make their mark in this exciting venture.

For more information on ION Energy Ltd. (TSX.V: ION, OTCQB: IONGF) please click the investor request info button.

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