CGRA Remains Significantly Undervalued Despite Discovery of Lithium Bearing Rock

NEW YORK, NY, March 05, 2024 (GLOBE NEWSWIRE) -- via NewMediaWire – CGrowth Capital Inc. (OTC: CGRA) is a public holding company for alternative and undervalued assets. The company is sector and industry agnostic and currently consists of two divisions including Mining and Sports Technology. The company is focused on investing in growth-oriented opportunities where the company’s capital, expertise, and capabilities can help create significant added value for shareholders.

Following the confirmation of the discovery of lithium-bearing rock, CGRA Mining Inc. is advancing with follow-up sampling and drilling at the sites showing the most promising concentrations of lithium. The targeted concession areas are characterized by pegmatites, geological formations renowned for their capacity to host substantial deposits of spodumene. These efforts are part of the company's ongoing work to complete its Preliminary Economic Assessment, anticipated for completion in Q2 of 2024.

Despite short-term challenges facing the lithium market, the significance of this recent discovery by CGRA Mining Inc. is further underscored by the anticipated long-term use of lithium and its critical role in decarbonization efforts. As global leaders intensify their efforts to reduce emissions, the prospects for lithium remain robust, given its key position in powering electric vehicles and supporting renewable battery storage from sources like solar and wind. Although the market has experienced severe price fluctuations in recent years, the commitment of over 130 countries to achieving global net-zero emissions by 2050 is expected to drive sustained demand for lithium in the long term.

CGRA holds a significant market advantage compared to many lithium stocks due to its anticipated ability to extract and process lithium in a notably more cost-efficient manner in comparison to most other lithium companies. This competitive edge primarily stems from CGRA's discovery of concession areas characterized by pegmatites, well-known for their capacity to host substantial deposits of spodumene. Spodumene is a highly concentrated source of lithium, sought after for its extraction efficiency, and notable for its scarcity. It allows for straightforward, predictable, and cost-effective mining and processing. This combination of high efficiency and relative rarity positions spodumene as the preferred choice for lithium extraction, further solidifying CGRA's market advantage.