Iconic Minerals Ltd. press release
Goldman Small Cap Research Issues Research Report On Iconic Minerals Ltd.
TSXV - TSX Venture Exchange · Lithium · Potash · Rare Earth Elements · Gold · Silver · Canada
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BALTIMORE, MD / ACCESSWIRE / September 13, 2016 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research report on Iconic Minerals, Ltd. (OTC: BVTEF, TSX.V: ICM), an exciting and unique play on the fast-growing lithium market.
Iconic Minerals Ltd. is an exploration company focused on acquiring, exploring and developing projects of merit in North America. The Company's main focus is the discovery and development of lithium deposits located primarily in Nevada in areas of historically large discovery potential, which would allow for development and mine production at low cost rates.
Analyst Rob Goldman discusses the catalyst behind the issuance of the research report.
Goldman noted, "We believe that Iconic Minerals is well-positioned to take advantage of the huge demand for lithium, especially in the electric battery business for car manufacturers such as Tesla and others. Thus, industry estimates suggest that lithium production will jump from 202,000 in 2015 to 380,000 in 2020. Iconic owns 100% of a vast, non-depleted basin that is adjacent to a famed lithium producing site in Nevada that has been in production for 50 years. Characteristics are similar for both sites which bode extremely well for the Company's prospects and valuation, especially given a series of milestone events including a staggered drill program with early results slated for release in the near future."
"Interestingly, members of the technical team have had senior roles with major lithium producer Talison which sold for 800 Million to Tianqi. Plus, the recently acquisitive nature of industry leaders seeking to add supply could make Iconic a takeover target as it nears a full production launch. After all, the Iconic approach is low cost exploration and production, and a shorter road to production," remarked Goldman.
About Goldman Small Cap Research: Founded in 2009by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, daily stock market blogs, and popular investment newsletters. Goldman Small Cap Research is not in any way affiliated with Goldman Sachs & Co.
This press release contains excerpts of our most recently published sponsored company research report alert on Iconic Minerals Ltd. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Iconic Minerals Ltd. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
Separate from the factual content of our report about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities. Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.
A Goldman Small Cap Research report, update, newsletter, article, trading alert, or press release is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed is to be used for informational purposes only. Please read all associated full disclosures, disclaimers, and analyst background on our website before investing. Neither Goldman Small Cap Research nor its parent is a registered investment adviser or broker-dealer with FINRA or any other agency. To download this sponsored research report or any of our research, view our disclosures and disclaimers, or for more information, visit www.goldmanresearch.com. Goldman Small Cap Research has been compensated by the Company in the amount of $4000 for a research service and expects to be paid an additional $3000 for future research services.
About Iconic Minerals Ltd.:Iconic Minerals Ltd.(OTC:BVTEF, TSX.V: ICM) is an exploration company focused on acquiring, exploring and developing projects of merit in North America. The Company's main focus is to discover and develop lithium deposits through the exploration of high quality projects; located primarily in Nevada in areas of historically large discovery potential, which would allow for development and mine production at low cost rates. Learn more about BVTEF at www.IconicMineralsLtd.com.
Goldman Small Cap Research Rob Goldman, Analyst 410-609-7100 rob@goldmanresearch.com
SOURCE: Goldman Small Cap Research