The lithium mining industry has been drawing a lot of attention in recent times due to the soaring demand for the material and one of the companies from the industry which you could look into today is Titan Lithium Inc (OTCMKTS:CDSG).
On Wednesday, CDSG stock slumped 1.42% to $0.1390 with more than 198.54K shares, compared to volume of 525.76K shares. The stock moved within a range of $0.1310 – 0.1500 after opening trade at $0.1411.
CDSG Extends Lithium North Zone Over 3.6 Miles With High Grade Samples Including 4.02% LI2O
The company was in focus on Wednesday after it announced that it had received strong lithium geochemical results from the continuation of the surface sampling initiative at its massive Titan 1 lithium property located in Tanzania. The program had been designed for the purpose of defining the boundaries of the huge lithium discovery at the property. As a result, the extensions of the T1 survey had also been put in place by the company’s field crews at both the south and the north of the reported soil geochemical survey results.
The results revealed the presence of an average of 8530 ppm lithium and occurred at a distance of 3.65 miles due north of the northernmost sample. It was further noted that the team involved in the process had been excited and somewhat surprised at the high grades of lithium that had been encountered at the new area that it discovered to the north.