Vision Lithium (TSXV: VLI, OTC: ABEPF, FRA: 1AJ2) is a mining exploration company focused on exploring and developing high-quality lithium assets with properties in safe mining-friendly Canada. The company is awaiting permitting to generate revenue from a bulk sample as soon as H2 2023.

Company Overview

Vision Lithium (TSXV: VLI, OTC: ABEPF, FRA: 1AJ2) owns 100% of six properties in Manitoba, Québec, and New Brunswick with a focus on the following three lithium projects.

The Sirmac Project

The property is located about 180 km NW of Chibougamau, in the Plan Nord Territory of the province of Québec. Sirmac is comprised of 155 mining claims covering 7,750 ha, area is served by excellent infrastructure, including lodging, proximity to hydro, and road access. Having secured the property from Nemaska Lithium, Vision Lithium has built on Nemaska’s previous work which includes a successful $2M exploration program that produced a resource estimate primarily concentrated on Dike #5 which is the area that Vision Lithium is intending to bulk sample. Multiple intersections contained over 2% Li₂O, with mineralization of up to 2.98 Li₂O, making this grade close to the Greenbushes deposit, the highest-grade hard rock lithium deposit in the world. In the summer of 2022, following up on this historical work, Vision Lithium completed another ~3,500 m of drilling.

With the exploration work completed to date, a key area of focus for Vision Lithium is direct shipping ore (“DSO”) where lithium ore is drilled out, crushed, and shipped. Once it receives the appropriate permit from the government of Québec, the company expects to extract a bulk sample of up to 50,000 tonnes. Based on the DSO model , recent pricing has been as high as $951 USD per dry metric tonne. . Due to the historical work and the existing infrastructure, the company is expecting minimal CAPEX for the bulk sample and low operating costs enabling it to sell product into a hungry lithium market. Vision Lithium could potentially generate up to $45M in gross revenue that would finance future exploration on Sirmac as well as its other lithium properties. Numerous other LCT dikes on the property as well as the #5 Dike need additional exploration to discover the true potential of this vast property in Quebec’s prolific James Bay lithium region.  

The Godslith project

Like the Sirmac project, the Godslith project benefits from excellent infrastructure and a safe mining jurisdiction. Acquired in March 2021, this property covers an area of approximately 5,560 hectares, less than 1 km Northwest of Gods River, within and surrounding the traditional territory of the Manto Sipi Cree Nation in the province of Manitoba.

Historical drilling on the property only went as deep as 243 m, intersecting 15.2 m grading 1.49% Li₂O. With the mineralized zone recognized over at least 2.3 km along strike this is an excellent target for expansion. Further drilling could potentially double the historical resource. Once the exploration agreement and permit are in place, Vision Lithium will commence preparation work ahead of a minimum 10,000+ m first phase drilling program in 2023. The Godslith project is a world class asset with the potential to become a stand-alone operation in Manitoba.

The Cadillac Project

The 100%-owned Cadillac property was acquired in December 2021. Consisting of 332 claims, the property covers 19,070 ha in the heart of Quebec’s mining industry. The property is directly off the main highway between Val D’or and Rouyn Noranda and is accessed by a road which runs through the entirety of the project. With existing infrastructure, easy road access and local workforce, Vision Lithium is able to maximize dollars spent with low-cost drilling and exploration costs.

The property hosts a suite of sub-parallel pegmatite dikes 100 m apart that have been traced for at least 300 m along strike. At least four dikes are exposed and as many as eight are indicated within a kilometer wide belt. Lithium crystals were observed in all four dikes, with large decimetric lithium crystals visible in some areas.

The company completed 35 holes (4,596 m) and  used airborne MAG and LiDAR surveys to identify over 500 possible ground pegmatite targets. Most of the first 11 holes intersected spodumene in almost all holes as individual large crystals. Based on drilling to date, the next round of drilling will target deeper mineralization, where the intersections are wider.

Field work began in June over the entire 197 sq.km. property. Well over 500 outcrops have been visited to date and as many samples have been sent for multi-element geochemical analysis. Many Geochem assays have yet to be received. Geochem results to date have potentially lithium areas of interest on the property.. A thorough review of results of this fist exploration campaign will be undertaken over the winter months in anticipation of additional work in 2023. Results from this program will also potentially generate new drill targets on the property. A lithium deposit so close to such excellent infrastructure is highly sought after and Vision Lithium likes the potential of this property to host a significant deposit based on work to date.

Government support

Both the Quebec and Manitoba governments have announced significant investments into the critical minerals mining sector. In late 2021, the Quebec government announced its intention to invest up to $1.4 billion to develop the lithium battery sector. The province plans to set up a complete value chain, from ore extraction to battery manufacturing and recycling. In 2022, the Manitoba government announced a $5 M investment to improve and modernize systems that support mineral exploration and mining in Manitoba.

Share Structure - Financials

∑      Accordingly to the last financial statements the Company had $787k in cash and cash equivalents and $20.2M in total assets with no debt and low operating costs (August 2022 Financial Statements).

∑       238M shares issued and outstanding, 57.2M  warrants and 18,2M options (313.5M fully diluted).

∑      Traded in Canada (TSXV: VLI), the US (OTC: ABEPF) and Frankfurt (FRA: 1AJ2)

∑      Significantly undervalued: currently trading at around $0.12 (January 2023), with a 52-week low of $0.06 and a high of $0.23

Bottom Line

Vision Lithium (TSXV: VLI, OTC: ABEPF, FRA: 1AJ2) provides a unique value proposition. It is a junior mining company that has the short term potential to sell lithium product into a hot market and generate revenue that can self finance future exploration and project development. The demand for electric vehicles has skyrocketed worldwide, and the lithium battery sector holds incredible potential for Canada’s economic growth. Vision lithium can provide investors with the opportunity to participate in the growth of the lithium market by taking advantage of its currently undervalued share price.

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