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by Stockwatch Business Reporter

The TSX Venture Exchange lost 2.62 points to 763.74 Monday. Voyageur Industrial Minerals Ltd., the qualifying transaction target of Chris Wolfenberg's halted capital pool shell, Golden Sun Capital Inc. (GST), has just become more promotable. Voyageur, which owns three barite prospects in British Columbia (Frances Creek, Jubilee Mountain and Pedley Mountain), plans to acquire a lithium brine property, called Robert's Rupture, in Utah. Robert's Rupture covers 1,300 acres in the Paradox basin. Voyageur has not released the terms of the lithium deal, nor has it said who the current property owner is.

To acquire Voyageur, Golden Sun Capital will roll back 1 for 2, leaving it with 2,307,400 postconsolidated shares issued, then issue 26,595,150 postconsolidated shares to Voyageur's shareholders. Voyageur's near-term goal is to begin producing high-grade barite at Frances Creek by next year. Barite is mostly used as a component of drilling fluids for oil and gas exploration, but Voyageur also touts the use of high-grade barite "in anything from brake pads to pharmaceuticals." It notes that there is no other high-grade barite producer in Canada or the United States, and that both countries import over 80 per cent of their high-grade barite from China and India. As for the company's other interest, lithium, Voyageur mentions the rise of electric car manufacturers that use lithium-ion batteries for their cars, particularly Tesla Motors Inc. (TSLA: $226.25 (U.S.)) and Ford Motor Company (F: $13.65 (U.S.)). Ford expects that by 2020, electric cars and hybrids should constitute 40 per cent of its lineup. Currently, Voyageur is seeking more lithium projects in Latin America.

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