Nemaska2, a Lithium Project Full of Opportunities
Will BRG become the next PMET whose shares skyrocketed 2,750% in the past 12 months? It’s possible, and here’s why
Following a major lithium discovery, Patriot Battery Metals (PMET) skyrocketed from 0.61 to hit a high of $17.69 over the last year – an unbelievable gain of 2,750% in only 12 months. The company’s valuation hit a high of $1.7 billion and kicked off a land staking rush not seen since New Found Gold struck gold on their massive land holdings in Newfoundland 2 years ago.
This tantalizing gain drew the attention of the investment world to an obscure corner of Northern Quebec, known now as the James Bay lithium district.
There’s a whole lot of white rock outcroppings spread throughout the region, and if we know one thing… it ain’t snow. These are lithium-bearing pegmatite rocks, and today, lithium is considered to be white gold.
Brigadier Gold (TSXV: BRG, OTC: BGADF, FRA: B7LM) is an early-stage exploration company that could provide significant upside over the next 12 months. The company recently acquired the Nemaska 2 property in the prolific James Bay region in Québec. This property, surrounded by established lithium mines, already shows at least 20 pegmatites outcrops. With a market cap worth under $10M, you could realise a solid return on investment if this property demonstrates significant results.
The good news for new shareholders is that Brigadier is about to embark on the project’s first-ever comprehensive exploration campaign, leading to the pioneer drill program. The speculation cycle, in our opinion, is about to begin, and any hint of strong lithium potential could send shares much higher.
Lithium hype has been a rollercoaster recently, but why is lithium so important?
Lithium is a crucial component of the lithium-ion batteries used in electric cars (EVs). For the past several years, there has been a sharp increase in EV demand, expected to reach more than 30% of annual vehicle sales by 2030. Most of what we accomplish in our everyday lives depends on lithium. Lithium is a crucial component of the technology that drives EVs and mobile phones, laptops, power tools, and batteries used to store energy from solar and wind sources.
In Canada and the US, dozens of lithium mines are under construction at various levels. Canada has set out a goal to become a significant producer of raw materials and electric car parts. Canada possesses substantial hard rock spodumene deposits and brine-based lithium potential but does not currently produce any lithium at scale.
Company Overview - $BRG’
Brigadier Gold (TSXV: BRG, OTC: BGADF, FRA: B7LM) is an exploration company presently highly focused on its 8,300 hectares of lithium asset located in the heart of Northern Quebec’s new lithium exploration boom.
Brigader recently welcomed Bill McGuinty for the exploration and development of the Nemaska 2 property. Since 1981, Bill McGuinty has worked for exploration businesses both domestically and abroad, rising through the ranks to become a project geologist, exploration manager, and country manager. He has held the positions of vice president of exploration for Intrepid Mines Ltd. in South and Central America, Queenston Mining Ltd. in Canada's Kirkland Lake Gold Camp, and Eastmain Resources Inc. in Quebec's James Bay area. His professional background includes all facets of exploration management, as well as the execution of feasibility studies and environmental impact statements.
Nemaska2 Flagship Project
Brigadier Gold announced on March 17 it acquired its now flagship property. Located in Quebec, the province is known for being the largest producer of iron concentrate and zinc in Canada, the second-largest producer of gold. It is famous for being the dominant source of lithium in Canada.
Situated only 23 km from Nemaska 2 is Nemaska Lithium’s Whabouchi mine. This mine is considered one of the largest high-purity lithium deposits in North America and Europe, and studies estimate a mine life of 33 years.
The Government Ministry has already completed an airborne magnetometric survey. Results indicated the presence of several low magnetic anomalies, generally favorable for hosting precious metals and/or pegmatites. Initially, the acquisition consisted of 57 map-designated mining titles for a total of 3,043 hectares. From what we know, the property is the host of at least 20 white pegmatite outcrops. Each outcrop is approximately 1000 square meters in size. A week later, Brigadier Gold expanded the property and more than doubled its size with an additional 5,300 heaters acquisition through extra 105 mining claims. For this recent acquisition, Brigadier gold will have to pay a total of $250k and give a 2% Net Smelter Return.
"We are delighted to have closed the Nemaska2 transaction and have turned our attention to securing the best teams, equipment and technology available to quickly and effectively assess the lithium potential within the property. Nemaska2 may be the most conveniently located property in the region for access, logistics and infrastructure, which will allow Brigadier to conduct its exploration programs and publish results in an efficient and timely manner."
Robert Birmingham, President, and CEO of Brigadier Gold
Share Structure / Financials
The latest financial statements occurred for the period ending September 30, 2022.
Regarding the balance sheet, the company had $648k in cash for $401k in liabilities. Brigadier has few expenses as they totalled $146k for three months.
Regarding the share structure, Brigadier Gold has 77.78M shares issued and outstanding, no warrants, and only 900k options (avg. price: $0.24).
Thanks to positive news related to Quebec lithium interest acquisitions and updates related to the Nemaska2 lithium project transaction, the stock price is on an uptrend. It moved from its 52-week low reached on December 2022 ($0.005) to a 52-week high of $0.09).
Here are some bullets to get you started on your due diligence:
-Lithium, the metal used in electric vehicle batteries and energy storage, has been on a tear driven by the EV revolution underway.
-The company has one of the cheapest valuations in the Nemaska (Northern Quebec) lithium district and has broken out of a long term trend on huge volume with over 4 million shares traded in December.
-The company provides entry level exposure to the growing Canadian lithium market as the rest of the world begins to take notice.
-Brigadier's land package is in proximity to the giant Whabouchie lithium mine and in a district where neighbouring companies have seen their share prices rise exponentially in 2022, setting the stage for what might be a blistering year for BRG shareholders.
-Quebec is set to become Canada’s lithium hub, having recently issued a permit to restart spodumene (a mineral hosting lithium) concentrate operation that will become Canada’s only lithium concentrate, beginning in H1 2023. The Federal Government has announced a $2 billion package to support an develop a Canadian EV supply chain.
What We Like About The Company
-Brigadier gold detains 8,300 Ha. in the heart of Northern Quebec’s lithium district;
-Nemaska 2 gathers 20+ underexplored and undrilled spodumene-bearing pegmatite outcrops;
-Nemaska 2 is close (~23km West) to Nemaska Lithium’s Whabouchi Mine (The Reserve estimates underpin a mine life of 33 years);
-The company controls its expenses well and has a small share structure;
-Bill McGuinty joined the team for the exploration and development of the Nemaska 2 property;
-The management team is experienced and led by Rob Birmingham (previously on the board of numerous TSXV, CSE and NEO listed companies).
Where To Find Brigadier & Learn More About The Company
Brigadier trades on the TSX-V unde the symbol $BRG and the OTC under the symbol $BGADF
You can learn more about $BRG on their website at: https://brigadiergold.ca/
To contact them you can reach out using the information below:
Brigadier Gold Limited.
235 15TH ST, West Vancouver, BC,Canada V7T 2X1
*This was not a sponsored article.
VHLA Media Inc. and its respective directors, officers and employees hold shares in $BRG and we may buy or sell securities of Brigadier Gold Limited in the future.