Rostock Ventures Corp (OTCMKTS:ROSV) On A Bull Run

Shares of Rostock Ventures Corp (OTCMKTS:ROSV) are moving up the chart as investors chase lithium plays. Lithium is right now the one commodity everyone can agree upon that will continue rising in price. This comes as the lithium-ion battery is is the battery of choice for cell phones, laptops, tablets, cameras, and power tools. Consumer electronics will need 4 to 5% more lithium each year for the rest of the decade.Further driving the demand for lithium is the electric car market. Goldman Sachs expects electric vehicles will make up 22% of the auto market by 2025, up from just 3% now. For every 1% increase in electric vehicle market share, Goldman Sachs expects lithium demand to rise by 70,000 tonnes per year. With the current lithium market at just 160,000 tonnes, demand from electric vehicles alone could triple the size of the entire lithium market by 2025, taking it from 160,000 tonnes today to 470,000 tonnes.With investors thinking where they are going to get all of this lithium from, the attention now turns to companies that are on the verge of bringing on new mines to meet this demand. That's why the interest in ROSV and its 100% interest in the ELON claims in Clayton Valley, Nevada. The ELON claim block consists of four 20-acre placer claims and is located in Esmerelda County, Nevada, and is contiguous to claims held by both PURE Energy and Lithium X in Clayton Valley. Clayton Valley is home to Albemarle’s Silver Peak Lithium Mine, the only mine producing lithium from brine in North America. Both PURE Energy and Lithium X are actively exploring on their respective claim blocks in Clayton Valley.The Clayton Valley area has been the focus of significant levels of exploration and acreage acquisition in recent months and is considered to be one of the best places for lithium exploration in North America. ROSV President Greg Rotelli said:

“We are pleased to complete this initial acquisition of claims in the very prospective Clayton Valley lithium trend. The company, with the guidance of its newest board member, Eric Allison, a geologist, is currently developing plans to further evaluate these claims as well as identify additional areas for possible future acquisitions. It is the company’s intention to grow its acreage position in this very exciting and prospective lithium play.”

In February, the company beefed up its board of directors by adding Eric Allison. He has over 35 years of experience in the natural resource industry working in various technical, business development and management roles. Allison currently provides consulting services to a variety of companies, funds, project developers and individuals on a global basis. He formerly served, from 2012-2015, as CEO and COO of Brazahav Resources, a private entity developing a brownfield gold mine project in Mato Grosso, Brazil. Prior to this, he was the Director of Research and Chief Geologist at Casimir Capital LP specializing in junior mining companies. Previously, he was a Director at Sempra Commodities from 1999-2009 where his responsibilities included Metals & Concentrates and Energy. Over his career, he has also served in various roles for Cyprus Amax Minerals, Amax Energy, SPG Exploration and Texaco. Mr. Allison received a BS in Geology from Brown University (1978) and a MS in Marine Geology from the University of Georgia (1980).Currently trading with a market cap of just under $9 million, ROSV is an exciting story on the OTC markets. Lithium has big potential and the story of Elon Musk and Tesla is only going to get bigger. Tesla is preparing to open its giant Gigafactory battery plant in Nevada. It will probably require 25,000 tons of lithium hydroxide a year when it reaches capacity. With the demand for lithium destined to increase, owning shares of ROSV looks to be a winner. We will be updating Insider Financial as soon as we know more. For continuing coverage on ROSV, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in ROSV and have not been compensated for this article.