US Elemental eyes Nasdaq debut as McDermitt lithium project advances
- •Hey everyone, just read this article about US Elemental eyeing a Nasdaq debut as their McDermitt lithium project advances.
- •The article mentions it's in the McDermitt Caldera, which is a big deal for lithium.
- •I've been burned by a few speculative mining plays in the past, so I'm trying to be more cautious, especially with my retirement portfolio.
Hey everyone, just read this article about US Elemental eyeing a Nasdaq debut as their McDermitt lithium project advances. Here's the link: https://www.mining.com/us-elemental-eyes-nasdaq-debut-as-mcdermitt-lithium-project-advances/
I'm always on the lookout for new opportunities in the EV battery space, and this one caught my eye. The article mentions it's in the McDermitt Caldera, which is a big deal for lithium. I've been burned by a few speculative mining plays in the past, so I'm trying to be more cautious, especially with my retirement portfolio. But the idea of a significant US-based lithium source is pretty compelling, not just for the potential gains but also for national security and supply chain stability. I’ve got some capital tied up in a couple of established EV manufacturers, and the raw materials side is something I'm continuously researching to see how it impacts their long-term viability.
What are your thoughts on this? Is anyone else tracking US Elemental, or have you invested in similar pre-IPO mining companies before? I'm particularly interested in how they plan to finance this, and what the timeline looks like for actual production. My kid is starting college soon, so I'm trying to balance growth with a bit more stability now, but this feels like it could be a game-changer if it pans out. Curious to hear the community's take!