Barrel Energy Inc (OTCMKTS:BRLL) Stock Continues to Trend Higher

On Wednesday there were many companies which had come into the news cycle and one of those was Barrel Energy Inc (OTCMKTS:BRLL). The company announced yesterday that it had signed an agreement with Kokanee Placer Two with regards to the acquisition of the Titan X Lithium Project located in Tanzania.

Trading Data

On Wednesday, BRLL stock up 8.89% to $0.0294 with more than 5.57 million shares, compared to its average volume of 957.54K shares. The stock moved within a range of $0.0247 – 0.0350 after opening trading at $0.0247.

Barrel Enters Agreement for Titan X Lithium Project in Tanzania

The project is located in the northeastern part of the African nation which is well-known for being mineral rich and regarded as an important cog in the electric battery material supply chain. Titan X is situated to the south and adjacent to the huge Titan 1 lithium project which is operated by Titan Lithium.

The project is situated in an excellent location which has access to tertiary roads off a paved highway and is also services by a nearby railway line. There are two international airports nearby and also an ocean shipping port in the nearby city of Tanga. The Titan 1 project has produced unprecedented results and reported considerable deposits of high grade lithium in the clay soil. Hence, there is a degree of optimism with regards to the quality of the lithium that is going to be found at the Titan X project.