With this most recent burst, ATAO is now trading above 2 important lines of potential support in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA).
Additionally, ATAO is trading above its 5-Day EMA and its 5-Day EMA is trading above its 13-Day EMA.
What does this all mean? It means that ATAO has been trending in a positive direction in the short term and may see a continued vertical surge in the days ahead.
Could ATAO look to set another new 52-week high in the short term?
Your No. 2 Potential Driver Indicator For ATAO
Update: Barrel Energy to Provide Tech Space for Lithium Battery Recycling
LAS VEGAS, Jan. 28, 2021 (GLOBE NEWSWIRE) -- Barrel Energy Inc. (the “Company” or “Barrel”) (OTC: BRLL) is pleased to provide an update on the company’s recent activities.
The CEO of Barrel Energy Mr. Craig Alford is, at this time, also assisting Altair International Corp. (ATAO: OTC) to develop ATAO’s prized lithium/rare earth and gold assets in Nevada. Mr. Alford was also the founder of American Battery Metals Corp. The Chairman of Barrel Energy, Mr. Harp Sangha and Mr. Alford are also the founders of Lithium Now.
Barrel Energy is aware that most analysts see an upcoming bull market for Lithium and other battery raw materials to feed the surging Lithium-ion battery supply chain and has made this a strategic focus for the company.
Global demand for these key battery materials is expected to rise dramatically over this decade. The outlook for Lithium will outstrip production with global demand for Lithium expected to increase 650% by 2027. Market demand for Lithium has been predicted to be a staggering 470,000mt by 2025. Each 1% increase in new global Electric Vehicles sales could further increase Lithium demand by 70,000mt, nearly representing the total of last year’s annual production of Lithium.
Barrel has recently been in discussions with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company engaged in the development of new Lithium extraction technologies regarding several sites for their Lithium processing technology centers within the southwest U.S.
Barrel is considering location sites with a specific eye toward cost efficiency and process permitting. Access to infrastructure, sufficient power, transport and nearby source material and demand are all factors for project viability. Our lead development site is situated on a roughly 30 acre property that is now zoned for industrial activities located in Nevada just 18.5 miles from the Tesla Gigafactory 1.
Read the full article here.
Your No. 3 Potential Driver Indicator For ATAO
Altair Provides Update on Lithium Extraction and Battery Recycling Technology
PITTSBURGH, Jan. 26, 2021 (GLOBE NEWSWIRE) -- Altair International Corp. (the “Company” or “Altair”) (OTC: ATAO) is pleased to provide an update on its previously announced partnership with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company engaged in the development of new Lithium extraction technologies.
On December 1, 2020 the two companies entered into a Binding agreement that would allow Altair access to St-Georges’ patent-pending Lithium processing technology for Altair’s Nevada based Stonewall project and most importantly bring together the two companies to jointly develop a patentable industrial scale process for Electric Vehicle Lithium-ion battery (LIB) recycling.
As the global Electric Vehicle (EV) market heats up over the coming decade, the demand for battery metals is expected to outpace current production. Even with increased energy density and charge cycles, Lithium based batteries for EVs, laptops, phones and other mobile devices will create cumulative waste challenges both in the environmental footprint of production and end-of-life LIB disposal.
Altair and St-Georges recognize that new optimized recycling technologies will offer valuable solutions to both a waste-management and battery metal supply. Selective, economic and responsible metal extraction of spent LIBs will be an integral part of the multi-billion dollar green economy and play a crucial part in the future of EV dominance of the automotive sector.
At present our two companies are working diligently to complete a long-form partnership agreement before the end of the month. As well, St-Georges has named Paul Pelosi, Jr, a member of Altair’s Advisory Board, to the position of President of EVSX Corp, the subsidiary that St-Georges has dedicated to the development of our recycling technology program.
Mr, Pelosi has many years of experience contributing to the sustainability of the environment through his service as President of the Environment Commission in San Francisco and contributions at various green technology companies. Paul Mr. Pelosi’s strong affinity and familiarity with sustainable investments, which incorporate environmental, social and governance criteria will play a critical role in assisting the role out of our Lithium mineral processing and its deployment.
Altair has the exclusive option to acquire 49.99% of the common shares of EVSX Corp by issuing shares to St-Georges and making certain milestones payments to co-fund development.
Read the full article here.
Your No. 4 Potential Driver Indicator For ATAO
Altair International Completes First Stage of Lithium and Rare Earth Project Earn-In With American Lithium Minerals Inc.
PITTSBURGH, Jan. 14, 2021 (GLOBE NEWSWIRE) -- Altair International Corp. (the “Company” or “Altair”) (OTC: ATAO) is pleased to announce that it has completed its Initial Earn-in Option as defined in the definitive agreement (the “Agreement”) with American Lithium Minerals, Inc. (“American Lithium”), a Nevada-based corporation.
In seeking to purposefully position itself into the growing Lithium battery market, the Company signed the Agreement on November 24th 2020 with American Lithium that allows Altair the exclusive right to earn in up to a Sixty Percent (60%) interest in two projects, the Stonewall Lithium Project in southwestern Nevada and the Kingman Rare Earth Project in northwestern Arizona. The Earn-in agreement is granted to Lithium Now, a Nevada based subsidiary of Altair for a primary term of three (3) years in consideration of cash and stepped annual exploration expenditure commitments.
The Stonewall Project covers highly anomalous Lithium found within the Nevada lithium supply hub just 191 miles southeast of Tesla's Gigafactory1 and is a near neighbor to the Clayton Valley, the site of Albemarle’s’ Silver Peak Lithium production. The Kingman Rare Earth Project located in Mohave County, Arizona and encompasses past producing mine sited by the Arizona Bureau of Mines as having high grade Rare Earths Elements (REEs).
Read the full article here.
Your No. 5 Potential Driver Indicator For ATAO
Altair Enters Binding Agreement for Advanced Lithium Extraction and Processing Technologies
PITTSBURGH, Dec. 01, 2020 (GLOBE NEWSWIRE) -- Altair International Corp. (the “Company” or “Altair”) (OTC: ATAO) is pleased to announce that it has signed a Binding Agreement (the “Agreement”) with St-Georges Eco-Mining Corp. (CSE: SX) (OTC: SXOOF) (FSE: 85G1) (“St-Georges”) a Canadian public company on the cutting edge of developing new technologies to solve some of the most common environmental problems in the mining industry. Under the terms of the Agreement, St-Georges has agreed to provide access to its patent pending lithium processing technology for lithium mineral deposits and to jointly develop with Altair a patentable electric vehicle battery recycling industrial process.
Altair recognizes that global Electric Vehicle (EVs) market is accelerating and that batteries are the heart of this powerful economic engine. The battery marketspace is projected to reach over US$90Bn by 2025 and Altair is rapidly positioning itself within the exploration, development, end use and the recycling of the most important element of the new array of battery technologies, Lithium.
Conditions of the Agreement
In return for the access to the lithium processing technology and as part of their contribution in the development of patentable intellectual property in regard to Lithium Battery Recycling, Altair will issue 2Mn shares to St-Georges at signature of this Binding Agreement. The Company has further committed to 2 subsequent shares issuance of 2Mn shares each, the first at the filing of a joint patent application in regards to the battery recycling R&D effort and the second issuance at the start of an Industrial Pilot Plant demonstrator of the battery recycling process. If all milestones are completed, a total of 6Mn common shares of Altair will be issued in favor of St-Georges.
Read the full article here.
Coverage is officially initiated on ATAO. Before you do anything else, do this: