Rover Critical Minerals
Primary ticker: TSXV: ROVR
Stage of development: Exploration
Primary minerals: Lithium
Project to promote: Let’s Go Lithium project
Project location: Nevada, USA
Website: www.rovercriticalminerals.com
Corporate presentation: Click here
Rover Critical Minerals (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) is a new lithium junior mining exploration company. The Company pivoted towards critical minerals, with a focus on lithium, in Q1-2023. Rover is specific to the lithium jurisdictions of the U.S. and Canada. We are offering investors the opportunity to get involved at the early-stage of a major lithium resource discovery in the heart of Nevada’s prolific southwest lithium jurisdiction. Rover recently completed a successful Phase 1 exploration program at its Let’s Go Lithium (“LGL”) project, located in the Amargosa Valley, near to the town of Pahrump, NV. The LGL project is considered to be a high-grade, at surface, lithium hosted in lakebed claystones deposit. Surface grab samples from the Phase 1 exploration program report as high as 1,218 ppm Li (with raw lithium recovery of up to 94% from the samples). Rover also recently acquired a 100% interest in a new hectorite soft-clay lithium project which is also located in the Amargosa Valley of Nevada (the “Longstreet Lithium” project). Both the Longstreet and LGL lithium projects benefit from having all the infrastructure needed to build a successful mine (hydro power, railway access, roads, mine labour). The LGL project borders an existing multi-national clay mining corporation. The Company is also exploring for lithium pegmatites near to Yellowknife, NT, Canada.
Cash: CAD $250,000
Debt: NIL
Major shareholders:
CEO/Founder – 10%
Director/Norway Family Office – 17%
Director & President/Australia Family Office – 5%
Germany Family Office – 10%
Management Ownership – 15%
Financials
Management Profile
Judson Culter – CEO
Mr. Culter is an experienced start-up entrepreneur and founded Rover in 2016. Mr. Culter has over ten years of international finance, capital markets, and accounting experience. He has helped to raise over $25MM in private and public financings for start-ups and growth orientated companies in the Pacific Northwest, Asia Pacific, and South America. He has taken several mineral resource companies public, most recently Rover Critical Minerals, and prior to that the Dolly Varden Silver project (TSXV: DV), whereby he was a co-founder and also managed the exploration drill program (pre-Hecla Mining investment). Mr. Culter is a former U.S. licensed CPA, and has over 6 years of experience working in the U.S. at the executive level. He currently resides in Kelowna, BC, and holds an active Canadian CPA license (non-practicing). Mr. Culter devotes 100% of his time towards the business of Rover, and is the company’s second largest shareholder.
Paddy Moylan – President
Paddy Moylan, President, holds combined bachelor of commerce and law degrees. He practiced law for over 20 years. Now retired from law, he is a significant and full-time investor in battery metals in Australia and internationally. Mr. Moylan has developed a large network in the battery metals space as an early investor in lithium. He has successfully advised companies on project acquisition, development and divestment.
What is your rationale for taking part in 121 Mining Investment?
(1) We are live on a private placement financing and have CAD$300K left to place ($500K already raised); (2) we are seeking longer-term capital growth partners that have an interest in working with our management team to finance the exploration and development of Nevada’s next lithium mine.
What recent news would you like to highlight to investors attending?
(1) Successful exploration work program at the LGL project including multiple surface high-grade lithium samples; (2) Hiring of a specialized lithium geologist who’s experience includes working at Ioneer’s Rhyolite Ridge project; (3) Successful exploration work program at the Longstreet Lithium project including multiple surface high-grade lithium samples
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
(1) Continued core-drill permitting work for our LGL project in the Amargosa Valley of Nevada.
6 Months:
(1) Permitting of our new Longstreet Lithium project in the Amargosa Valley of Nevada. Due to location, it is expected that a near term core-drill permit can be obtained.
12 Months:
(1) Drill core resource definition drilling at the Longstreet Lithium project in Q1-2025.
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
Inflation, a low lithium carbonate equivalent (LCE) price, and a poor performing Canadian stock market for junior miners. Markets always come back, and we are well positioned for exponential growth for when the markets improve.
What do you think makes your company such a compelling investment?
Lithium is the new oil. Lithium uses include EVs, Nuclear Energy, and mobile AI applications.
What are the top 3 key investor takeaways?
(1) We operate in the best mining jurisdiction in the world, Nevada; (2) Lithium is the highest value growth metal in the world; (3) We are logistically located along the U.S. supply chain for EV manufacturing. Tesla, Redwood Recycling, and Ford all have giga-factories in Nevada.