​Company Highlights
- Hertz Lithium is an exploration and development mining company currently exploring its prospective Arizona hard-rock lithium asset.
- The Arizona Pegmatite Belt Arizona Pegmatite Belt is a 400-kilometer-long and 50- to 130-kilometer wide basement, with pegmatites that occur in igneous and metamorphic rocks of Precambrian age, largely covered by sedimentary and volcanic rocks of Tertiary and Quaternary age.
- The flagship Lucky Mica lithium project has historical sampling results with significant lithium concentrations reaching up to 2,450 ppm.
- The company is awaiting assays from initial exploration campaigns to move towards exploratory drilling.
- The lithium market is expected to grow significantly in the coming years, driven by the explosive growth of the EV market. EV sales rose by 55 percent between 2021 and 2022.
- A nearby Arizona lithium project operated by Patriot Lithium is indicative of the possible deposits for the Lucky Mica asset.
- An experienced team leads the company toward exploring and developing its highly prospective asset.
​Overview
Hertz Lithium (CSE:HZ, OTCQB:HZLI, FSE:QE2) is an exploration and development mining company focusing on its hard-rock lithium asset in Arizona. The company’s flagship Lucky Mica lithium property has historical sampling results indicating lithium concentrations up to 2,450 parts per million (ppm). Hertz Lithium has completed initial exploration and current estimates indicate the potential for the asset to become a leader in the North American lithium market.
The lithium market is expected to grow by a CAGR of 8.1 percent between 2021 and 2028, reaching US$6.62 billion, driven primarily by a growing interest in electric vehicles (EV) and other clean energy technologies. As a result, EV sales increased by 55 percent in 2022 compared to 2021, which is expected to continue. One of the biggest drivers for growth in the EV market is America’s recently enacted Inflation Reduction Act which, among other things, provides significant incentives for EV manufacturers and buyers, as well as grants for zero-emission heavy duty vehicles.
In close proximity to the Lucky Mica is the Patriot Lithium’s Wickenburg (ASX:PAT) project, which has already released promising exploration results, with an evaluation of ASD$24.9 million. Three pegmatites have been mapped to date at the Wickenburg’s Dove pegmatite that exhibit potential for spodumene mineralization, with surface expression can be traced along strike for at least ~440 meters at the Dove West pegmatite and ~430 meters at the Dove East pegmatites. These results reflect the potential for Hertz’s Lucky Mica project.*Disclaimer: This profile is sponsored by Hertz Energy ( CSE:HZ ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Hertz Energy in order to help investors learn more about the company. Hertz Energy is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Hertz Energy and seek advice from a qualified investment advisor.