RM.V Rodinia Minerals – Lithium Mining Stock Displaying Technical Strength

by Olivier on January 24, 2010

Rodinia Minerals – RM.V is back on my public list. Although I think it is not the time to aggressively initiate new positions in this market environment one cannot argue with the charts. Lithium Mining Stocks are holding up rather well and especially RM.V – Rodinia Minerals is displaying great technical strength and decent resilience during the recent downturn.

Rodinia Minerals has recently announced more lithium-brine project acquisitions in Argentina.

Commenting on the acquisitions, David Stein, President and CEO said, “Today’s announcement reinforces Rodinia’s vision of building a long-term, low-cost producer of lithium brine. In conjunction with our flagship Clayton Valley project in Nevada, and our previous Argentine acquisition of Salinas Grandes, the acquisitions of Diablillos, Centenario and Ratones builds a strong position in South America, and a stable of high quality lithium brine exploration projects. We plan to work diligently over the coming months to review and prioritize our pipeline of brine prospects”.

Along with WLC.V – Western Lithium this is one of the Lithium Miners you want to keep on your radar.

RM.V Rodinia Minerals Lithium Mining Stock

Up-to-date RM.V – Rodinia Minerals Chart on my public list.

For a comparison of relative strength within the Lithium sector check my Lithium Sector Overview Chart. The stocks listed in the overview chart are:

  • SQM – Sociedad Quimica Y Minera ( Chile)
  • WLC.V – Western Lithium Canada
  • RM.V – Rodinia Minerals
  • TNR.V – TNR Gold
  • CLQ.V – Canada Lithium
  • LI.V – Lithium One

From Rodinia Minerals website:

Rodinia is a Canadian mineral exploration company with a primary focus on Lithium exploration and development in North and South America. The Company is positioned to capitalize on the explosive demand for lithium carbonate expected from the paradigm shift to mass adoption and use of key lithium applications (lithium-ion batteries, glass ceramics, greases, pharmaceuticals, etc.).

What you are afraid to do is a clear indicator of what you need to do.

Have a great weekend!

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