Penny Stock To Watch January 3, 2012
Lithium Exploration, Inc. proved to penny stock traders how valuable North American lithium properties are by taking their $.12 stock and exploding it to $10.68 in less than a month back in spring 2011.
Newly discovered lithium deposits North American have turned this multi-Billion dollar industry into an exploration frenzy. Penny Stock New American energy Corp. (OTCBB: NECA) is looking to cash in as well on the expansion.
NECA SHARE STRUCTURE
75,000,000 authorized
50,900,000 issued and outstanding
Investor Relations
Tel: +1 877 331 8777
Email: info@newamericaenergycorp.com
Corporate Address
Address: New America Energy
3651 Lindell Rd Ste D#138
Las Vegas, NV 89103
Phone: (702) 943-0257
Email: info@newamericaenergy.com
Key Statistics on Lithium Supply and Demand
- Lithium consumption increased at a rate of 6% per year between 2000 and 2008 (Source: The Economics of Lithium, Roskill 2009)
- Demand is expected to outpace supply for the next ten years (Source: SQM 2007 annual report)
- Since 2000, the increase of lithium consumption in batteries increased at a rate of 22% per year (Source: The Economics of Lithium, Roskill 2009)
- Demand for lithium could explode if hybrid cars become a reality due to a high fuel process and the urgent need to upgrade emissions standards in vehicles
On Dec 6th, 2011, Reuters reported on a global survey of company executives by PricewaterhouseCoopers:
“Mineral, metal scarcity seen worsening” listed 14 materials as “critical”, including lithium, used in wind turbines and batteries for hybrid cars. The Reuters article went on to state “The survey of 69 executives across seven sectors, found that European companies were most concerned about a shortage, with 71 percent of respondents seeing scarcity as a risk, compared with 53 percent in Asia Pacific and 50 percent in the Americas Those in the renewable energy, automotive, energy and utilities sectors said they currently faced supply instability, while those in the aviation, high-tech and infrastructure sectors expected increasing disruption of supply by 2016.”
About New America Energy Corp. :
New America Energy Corp. (OTCBB: NECA) is a Nevada-based mineral exploration company engaged in the acquisition and exploration of mineral properties in the continental United States. Currently the company controls approximately 5600 acres in the Nevada.
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