Vision Lithium - ABEPF stock

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OTC Symbol: ABEPF | OTC Tier: OTCQB | Related ticker symbols: TSXV:VLI

Overview

Vision Lithium (OTC: ABEPF, TSXV: VLI), formerly known as ABE Resources Inc, is a mineral exploration company that explores and evaluates mineral resources in parts of Québec, Canada. Vision Lithium was incorporated in 1997 and is headquartered in Val-d'Or, Canada, with a vision of constantly building a portfolio of projects to explore several mines in order to find Lithium, gold, copper, zinc, and other precious materials. Vision Lithium also owns several properties. However, their flagship property covers an area of over 5,560 hectares on the bank of Gods River, Manitoba. Other major projects include Cadillac and Sirmac, which are two major Lithium producing projects of the company and Vision Lithium holds 100% ownership in all of them. Other upcoming projects include Dome Lemieux and Red Brook, which produces copper, Zinc and Silver as a commodity.

Given the massive demand for lithium ions for the production of electric car batteries, Vision Lithium's objective is to develop a low-cost, fully integrated Sirmac lithium property and the Dôme Lemieux copper property. These minerals can be used to produce highly scalable batteries and have huge economic potential for the province of Québec.

Projects

Godslith Property

In March 2021 the company acquired the Godslith Property, which is located in Manitoba covering a total area of approximately 5,560 hectares. Testing has shown 15.2 meters grading 1.49% Li2O for 2.3 kilometers at a depth of up to 243 meters. Resource estimates are based on an independent report from 2009 by Mark Fedikow Ph.D., P.Eng., P.Geo., C.P.G.

Sirmac Property

The Sirmac Property has a total area of approximately 7,670 hectares over consisting of 155 mining claims near Chibougamau, Quebec. This asset was purchased on December 14, 2017  from Nemaska Lithium Inc. for $250,000 and 15,000,000 common shares of Vision Lithium. Nemaska's exploration program on the property consisted of 72 holes, and trenching and sampling, at a cost of $2,000,000. In addition, Vision Lithium completed a 3,500 meter drill program.

A preliminary economic assessment in 2023 showed an after-tax net present value of C$104,800,000 with a one year payback and a four year mine life.

Dôme Lemieux

The Dôme Lemieux property, located in eastern Québec, has a history of copper discoveries and consists of 225 claims totaling 12,056 hectares. The property has a history of mineral discoveries dating back to 1909.

Leadership

Vision Lithium also possesses a strong leadership team, with YVES J. ROUGERIE acting as the company's President and Chief Executive Officer. Mr Rougerie has over 35 years of experience in mining and exploration and has previously worked with several prominent companies. He was made CEO of Vision Lithium back in 2007 and has since been a prominent Director of the company. Other members of the team include the lights of VICTOR CANTORE, acting as an Executive Chairman with over 50 years of professional experience. Other director members include ROBERT C. BRYCE, Scott Jobin-Bevans and JONATHAN GAGNÉ.

Funding

As of 2022, Vision Lithium has secured $3.6M in funding over 1 round through a Post-IPO Equity round raised on Apr 21, 2021. In terms of investments, Vision Lithium has issued over 231,202,485 shares and 63,898,024 Warrants, of which 302,150,509 are fully diluted. Currently, the Stock price is around $0.16 with a 52-week high of $0.34 a pop.