Core Lithium Ltd - CXOXF stock
OTC Market: CXOXF | Related ticker symbols: ASX: CXO
Core Lithium Ltd is an Australian company that focuses on developing lithium and other metal deposits in Northern Territory and South Australia, primarily exploring for copper, gold, iron, silver, uranium, lead, and zinc resources, with its main project being the Finniss Lithium project situated south of Darwin port in the Northern Territory; the company was founded in 2010 and has its headquarters in Adelaide, Australia.
Core Lithium Ltd was incorporated in 2010 in Australia. The company's origins can be traced back to its establishment as a mineral exploration and development company with a focus on lithium and various other metal deposits in the Northern Territory and South Australia. The company's founders and early stakeholders likely recognized the growing demand for lithium, driven by its crucial role in the development of lithium-ion batteries, which are used in various industries, including electric vehicles, energy storage systems, and portable electronic devices. As lithium became increasingly important in the global market, Core Lithium positioned itself to explore and develop lithium resources in strategic locations in Australia.
Over the years, Core Lithium has carried out extensive exploration activities to identify and assess potential lithium and other metal deposits in the regions where it operates. The company's flagship project, the Finniss Lithium project located south of Darwin port in the Northern Territory, has been a key focus of their development efforts. Headquartered in Adelaide, Australia, Core Lithium continues to advance its projects, aiming to contribute to the supply of essential minerals, particularly lithium, to support the growing demand for clean energy solutions and technological advancements in the modern world.