(TEVNF) Update: Surging Early, Today's Breakout Idea Is Up Approx. 15% With Breaking News
TEVNF is making moves early. Watching?
Currently up approximately 15%, TEVNF could start attracting a ton of attention after dropping breaking news this morning.
Check it out: Tevano Systems Holdings Inc. Supports Chilean Governments Push Towards a New Sustainable Direct Lithium Extraction (DLE) Method
From the article, Tevano's CEO David Bajwa shared, "We believe that the new extraction method proposed by the Chilean government is a crucial step towards creating a more sustainable and efficient lithium mining industry."
On top of that, with today's early green burst, TEVNF is now trading above 4 key lines of potential supporting including its:
- 20-Day Simple Moving Average (SMA)
- 50-Day SMA
- 5-Day Exponential Moving Average (EMA)
- 13-Day EMA
If potential support strengthens at those levels, it could act as the building blocks for TEVNF to return to previous highs.
Take a moment now to get TEVNF pulled up and read my initial report below quickly.
One of the biggest talking points in the U.S. right now is the green/clean energy movement.
Driving daily, more and more vehicles on the road are run with electricity, whether partially or in full.
And what do these Electric Vehicles (EVs) need to run? Batteries.
Lithium is a key component in Lithium-ion batteries, which are vital for renewable energy production and storage.
The metal is crucial to battery performance, longevity, and energy density.
The push towards renewable energy production and storage is essential in reducing greenhouse gas emissions and combating climate change.
However, the mining production process for Lithium remains energy-intensive and harmful to the environment.
But one company's recent acquisition could help them jump to the forefront of the Lithium extraction game.
With the global Lithium market expected to reach $22.6Bn by 2030, everyone's scrambling to get to their hands on this precious metal.
So when you see how this company's recent acquisition could help them maneuver their way to top industry status for sustainability, efficiency, and speed in Lithium extraction, you'll understand why there has been significant buzz around this profile over the past few months.
Oh yeah. This needs to be noted, too.
This is a low float profile as Yahoo Finance reports it to have fewer than 25Mn shares in its float. Volatility needs to be on watch on a daily basis.
Could this Lithium extraction game-changer become 2023's next breakout idea?
Drop everything right now and get this tech profile on radar quickly:
*Tevano Systems Holdings Inc. (TEVNF)*
Tevano is committed to developing and commercializing innovative technologies that have the potential to transform industries and create long-term value for their stakeholders.
Through its wholly-owned subsidiary Aqua-Eo, an environmentally focused industrial technology and engineering company, Tevano is fostering the development of its commercial extraction solutions for Lithium and other strategic metals, industrial wastewater and oil and gas effluent remediation and treatment.
And right now, TEVNF has multiple potential breakout catalysts to familiarize yourself with. Check them out:
No. 1 - An Absolute Game-Changing Acquisition Could Draw Significant Buzz
No. 2 - Profile's Low Float Provides Strong Potential For Volatility
No. 3 - A Major Hire Could Help Grow Company's Customer Base In A Huge Way
No. 4 - An Explosive Chart History Displays Big Intraday Moves
But more on those in a second...
Lithium: A Most Desired Metal For Green Energy Expansion
The demand for Lithium is soaring due to various reasons, including concerns over supply.
According to the International Energy Agency (IEA), the world may face a lithium shortage by 2025, while Credit Suisse predicts that demand could triple between 2020 and 2025, leading to a stretched supply.
The shortage of Lithium is mainly due to the lack of competitively priced, long-range Lithium batteries that are essential for producing sufficient hybrid and electric vehicles to meet consumer demand.
This has led to all major automakers struggling to find enough Lithium to manufacture their vehicles.
It is also leading to a wide open opp. for TEVNF to apply the technology from its newly acquired subsidiary to disrupt the Lithium market.
TEVNF's Recently Acquired Subsidiary, Aqua-Eo, And Its Game-Changing Technology
Aqua-Eo is an ESG-focused industrial technologies company, developing commercial extraction solutions for Lithium and other strategic metals, effluents treatment and recycling for mining tailings and oil and gas.
The company's expertise in developing holistic chemical and mechanical separation and distillation treatments for mining, oil and gas and industrial tailings has allowed them to advance their technology to separate Lithium in both brine and pegmatite mines.
Aqua-Eo Is an industrial products/technology and engineering company related to strategic metals mining explorations, industrial wastewater treatment, and remedial technologies.
The developed technologies are customized to mine metals from ore or oil and gas production operations and hydraulic fracturing (FRAC) operations and to treat residual tailing and oil and gas flowbacks to meet surface release and/or recycle/reuse criteria.
Mobile, Accessible and Cost Effective
Aqua-Eo Ltd. is mobilized quickly to begin the EoCycle System Process.
Technology on Wheels: takes less than a day to deploy and location setup. The technology is housed in 53-foot trailers buildings for the least footprint deployment.