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Friday, January 27, 2023

Barrel Energy Inc (OTCMKTS: BRLL) Blue Sky Breakout as Lithium Innovator Executes on Upcoming Deals

Barrel Energy Inc (OTCMKTS: BRLL) is making an explosive move up the charts on a blue-sky breakout, closing at $0.076 on Friday, $0.001 from 52-week highs and a harbinger of what’s to come next week. Recently BRLL said it was in discussion with some parties interested in developing solutions for increasing North America’s Lithium Supply with new extraction technologies. Late Friday, and possibly related the Company teased a big deal tweeting: $BRLL terms of agreement in place. We are awaiting the signatures of all parties before official announcement. Any day now! BRLL is under heavy accumulation and moves fast and easily and it’s easy to see why; BRLL was one of the biggest runners of 2021 skyrocketing from $0.0035 on January 31, to highs of $0.86 per share in February. Volume has picked up on BRLL dramatically with dollar volume averaging well under $100k several months ago to nearing $1 million in dollar volume as the stock rockets higher.  

BRLL recently went pink current and retained a new PCAOB auditor to complete the 2021 and 2022 SEC filings. The Company will remain pink current with OTC Markets during interim. Upon completion of the audits BRLL will be SEC reporting once again. Already BRLL is starting to issue press releases ago announcing on November 16 the Company has entered into a partnership to co-develop the West End Lithium project held by CDSG (OTC:CDSG). The WEL claims are located in Nye County Nevada, 6 miles from Tonopah and sit directly within the surrounding outer boundary of the TLC Project being developed by American Lithium Corp. The TLC Project currently hosts a large NI 43-101 compliant resources of 5.37 million tonnes (Mt) lithium carbonate equivalent (LCE) in the measured and indicated category with a further 1.76 Mt LCE in the inferred category. Barrel has an MOU in place with Roshan Technologies and partnership with the Indian Institute of Technology Hyderabad for battery production. BRLL also has an MOU with AMLM for North American battery production and recycling. We will be updating on BRLL when more details emerge so make sure you are subscribed to Microcapdaily by entering your email below.

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Barrel Energy Inc (OTCMKTS: BRLL) is focused on several ventures within the green energy and battery minerals sector and the rapid development of valuable production opportunities throughout North America and abroad. The company holds important joint venture agreements to advance technologies and processes for Electric Vehicle batteries. Currently the Company is developing a highly innovative lithium extraction methodology for clay hosted deposits.

BRLL Lithium Iron Phosphate (LFP) Battery Project 

Phase I: 25000 KWh battery pack assembly pilot plant with an investment of USD 0.68 Million for the applications – UPS, Solar, 2-Wheeler & 3-Wheeler, for a peak business of USD 3.42 Million by the year 2023. Commercial business will be commenced effective from April 2021. 

Phase II: 50000 KWh battery pack assembly with automation, with an investment of USD 1.37 Million as expansion of phase 1, with own land and building. Aiming for a business of USD 6.85 Million by the year 2025 including MWh Energy Storage Systems and export business. Project execution – year 2022 and increased capacity will be available by the year 2023. 

Phase III: Establishing 400 MWh Lithium Iron Phosphate cell manufacturing in addition to battery pack assembly plant, with an investment of USD 16.44 Million. Aiming for a business of USD 54.80 Million by the year 2029. Project execution – year 2025 – 27 and commencement of commercial production will be planned by mid of 2027. 

The Company is led by CEO Craig Alford, an executive who has worked worldwide in over 30 countries through independent consulting assignments and positions within the management of major and junior public companies. He has been responsible for budgeting and the expenditure of hundreds of millions of dollars and has developed comprehensive economic analysis for billion-dollar M & A transactions. Mr. Alford has played a key role in successfully raising capital while serving as a director and within lead positions for a number of public companies 

BRLL was one of the greatest runners of 2021 skyrocketing from $0.0035 on January 31, to highs of $0.86 per share in February making many penny stock speculators rich overnight. Now that the stock is running northbound once again, it’s a favorite of penny stock speculators. 

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BRLL

On November 16 BRLL announced it has entered into a partnership to co-develop the West End Lithium (“WEL”) project held by CDSG (OTC:CDSG). Barrel Energy will lead the exploration and production endeavors with CDSG. Barrel is developing a highly innovative lithium extraction methodology for clay hosted deposits. 

The WEL claims are located in Nye County Nevada, just 6 miles northwest of Tonopah and sit directly within the surrounding outer boundary of the TLC Project being developed by American Lithium Corp. (LI.V) (OTCQB: LIACF). The TLC Project currently hosts a large NI 43-101 compliant resources of 5.37 million tonnes (Mt) lithium carbonate equivalent (LCE) in the measured and indicated category with a further 1.76 Mt LCE in the inferred category. The present size of the TLC resource is expected to grow following the results of new 2022 drilling, some around the WEL claim area. 

Map of TLC lithium project. CDSG’s West End Lithium claims are located in red

With electric vehicles in higher demand, the price of lithium carbonate, a key battery component, have surged year on year. In November 2021 lithium carbonate prices were roughly $27,000 USD per tonne, with November 2022 prices now seeing over $84,000 USD per tonne. 

The company’s co-exploration program will begin in 2023 (subject to federal and state permitting), and timed well to provide a new lithium resource to help meet the ever-growing demand. 

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Currently trading at a $25 million market valuation BRLL os is 327,437,825 shares outstanding. The stock is currently on a blue-sky breakout with little resistance is it continues to move higher as the Company makes big moves in the booming lithium space recently entering into a partnership to co-develop the West End Lithium (“WEL”) project held by CDSG. The WEL claims are located in Nye County Nevada, just 6 miles northwest of Tonopah and sit directly within the surrounding outer boundary of the TLC Project being developed by American Lithium Corp. (LI.V) (OTCQB: LIACF). The TLC Project currently hosts a large NI 43-101 compliant resources of 5.37 million tonnes (Mt) lithium carbonate equivalent (LCE) in the measured and indicated category with a further 1.76 Mt LCE in the inferred category. The present size of the TLC resource is expected to grow following the results of new 2022 drilling, some around the WEL claim area. BRLL was also one of the biggest runners of 2021 skyrocketing from $0.0035 on January 31, to highs of $0.86 per share in February. Currently under heavy accumulation and moving higher fast, BRLL just broke out into new highs and is gearing up for a big week ahead after the Company tweeted late Friday: $BRLL terms of agreement in place. We are awaiting the signatures of all parties before official announcement. Any day now! BRLL is currently negotiating with noteholders to cancel at least 30 million shares. Also, the Company has promised it will not dilute shareholders. We will be updating on BRLL when more details emerge so make sure you are subscribed to newsytrends.com by entering your email below.

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Disclosure: we hold no position in BRLL  either long or short and we have not been compensated for this article.

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