More on
BHWXThe chart shows
BHWX trending up over the last month, and it looks like it`s ready to bounce off the trend line
BHWX is focused on premium U.S. based Lithium and Gold exploration.
Gold has been one of the hottest precious metals for awhile!
Cramer once predicted gold is going to hit $1600/oz! With the way gold is looking right now, it might!
BHWX CEO Kevin Murphy stated, "As international demand for battery-powered devices and precious metals steadily increases, global demand for our potential Lithium and Gold production has increased significantly. We are eager to begin drilling on both properties and this capital infusion allows us to do so."
You can read more about
BHWX`s gold exploration on this page: http://www.black-hawk-exploration.com/listpage.aspCategory=Gold~Exploration&Cat=Sub
BHWX`s involvement with lithium could pay off handsomely in the future as the demand for it increases.
A report from Roskill Analyses Worldwide Lithium Supply and Demand forecasts that demand for lithium will pick up this year.
Automotive battery use is a huge drive for the demand. The latest generation of hybrids and electric vehicles use lithium batteries for power.
President Obama has called for one million American made hybrid vehicles on American roads by 2015!!
BHWX`s properties are located in the Clayton Valley, Nevada. Clayton Valley is home to the ONLY lithium production facility in the United States.
This plant has been in production since 1967 and is designed to produce 1.2 million kg of lithium perk year and has produced an estimated 50n million kg of lithium to date!
BHWX`s property is located in close proximity to this production facility and within the same geological setting.
The American Institute of Mining estimates the mineral resource of the Clayton Valley to be 750 million kg of lithium!
In 2006, according to the United States Geological Service (
USGS), the United States was the leading consumer of lithium minerals and compounds and the leading producer of value-added lithium materials.
BHWX could become a monster especially since their property is located in a hot spot for lithium!
Check out these lithium facts and figures:
-According to the
USGS, overall demand for lithium is growing at a rate of 4-5% per year.
-Over 60% of mobile phones and 90% of laptop computers feature Lithium Ion batteries.
-The automotive market alone is projected to reach $337 million in 2012, and $1.6 billion in 2015.
-Demand for lithium destined for battery usage is predicted to grow by 20% per year.
-The worldwide market for rechargeable lithium batteries is estimated to be worth over $6 billion by 2012.
BHWX`s own CEO has purchased 12 million shares from an institutional investor!
BHWX announced earlier this month that it has filed a Super 8K with the Security and Exchange Commission (SEC) disclosing the single block purchase of 12 million common shares of
BHWX.
The common stock was purchased at a 40% premium to current market value from a private institutional investor, by CEO / Director Kevin M. Murphy for his personal account!
For more information on
BHWX, visit their website at: www.BlackHawkExploration.com
Please do your due diligence and consult with a financial professional.
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