Many say lithium will be the pillar on which 21st Century energy is built.

And First Liberty Power Corp. (FLPC) could fast become a key supplier of this strategic mineral just as global car makers are poised to churn out millions of lithium-powered cars.

FLPC confirmed it bought into Nevada’s world-class lithium district just six months ago. Since then, this fast-paced penny play completed an ambitious in-depth survey of its 12,800-acre property!

And the results just came out! And that seems to have pushed FLPC shares into strong rally mode!

Because it’s now been revealed that FLPC has what could be a “deep catch basin” for collecting record amounts of lithium-laced brine, which gives the company two crucial head starts as the world gears up for an era of electric cars…most of which will rely on lithium batteries!

You see…

1. Electric car makers strongly prefer lithium derived from brine deposits!

2. And brine is a whole lot cheaper to process than the clay-locked lithium that most other U.S. lithium producers are developing!

So what FLPC has, therefore, is…strong end user demand…a high-growth market…and a fast and easy extraction process!

Traders are grabbing the FLPC “Cup” with both hands!

FLPC‘s chart has printed a classic cup-and-handle formation…which all smart technicians know typically indicates that a stock has finished consolidating after a recent upswing - and could be ready to break out again!

And, this “cup’s bottom” is nice and wide! Maybe a little flat-bottomed, but that only adds stability to FLPC‘s base – storing up power for the next leg upward!

Based on the depth of the cup, a resumption of the previous trend could send FLPC up to $0.62 at the very least, translating into a quick 72% gain for traders willing to grab the handle!

FLPC’s chart is filled with indications that a BIG pop could be coming SOON!

FLPC looks like it could close above the 50-day trend at any moment! And the last two times that happened, the stock bounced 35% to 50%!

Upside volume has been encouragingly strong! Since FLPC entered its “handle” stage, On Balance Volume (OBV) turned positive – a sign that market demand for shares could be increasing!

MACD built a long base in the latter half of the “cup” – but then, instead of breaking out, the bars just edged up to a slightly higher plateau! This helped form the “handle” and gives us confidence that if a long-delayed BREAKOUT comes, it could be faster, stronger…and have traders laughing all the way to the bank!

Relative strength is slightly below the magic 50 mark and the stochastics have dropped! FLPC looks neutral, if not oversold at these levels!

If FLPC prints more than a measly penny-a-share gain anytime soon, the 50-day trend could become the new floor…and because this stock is too new to have a 200-day line, there is no ceiling!

In theory, the only resistance left to test is the lifetime high of $1.10 that FLPC flirted with back on March 26 and then again on June 1. It’s unlikely that you’ll see the stock kiss that record peak in just a day or two – but hey, in these volatile markets, we could get there sooner than you think.

FLPC could add serious heat to your profits!

Hybrid car sales are ramping up at a rate of about 12% a year as U.S. and Chinese car makers spend billion-dollar stimulus awards to switch to lithium battery models!

But right now, there’s only one North American lithium brine producer: Chemetall Foote, which pumps 1.2 million kilograms of lithium brine out of its Silver Peak mine just 15 miles from FLPC‘s front door!

(Remember, lithium brine, the kind that FLPC is developing, is what car makers and traders really want! And if U.S. car makers can’t find it here, they have to import it from Chile or mining-unfriendly Bolivia!)

And lithium brine is so important right now that Chemetall just got a $28.4 million federal grant to double its production. And with lithium trading for around $4,400 a ton – up 200% since 2005, that clearly demonstrates how much interest Washington has in protecting and developing its supply of the stuff!

It also means the lithium property that FLPC is developing has the potential to become a world-class strategic asset…and the ticker has the potential to become a world-class profit center for you!

Important Note: FLPC paid only $490,000 for its 12,800 acres of lithium-rich land! At today’s prices, and not counting development costs, that land could be in the money after the company produces its first 111,000 kilograms of lithium – and if it does that at only half the rate that Chemetall does it – it would take FLPC only 6 weeks to be in the money on their land purchase!

So do your due diligence, set your stops and stay hungry!

See you in the winners’ circle!

Beacon Equity Group