NEW YORK, April 4, 2017 /PRNewswire/ --
FinancialBuzz.com News Commentary
The lithium market has received a boost in recent years as the mineral, and its applications as an energy source in lithium-ion batteries is now playing a more prominent role as a legitimate energy source. The arrival of sophisticated electric vehicles, which use lithium batteries has changed the game. A research report published by TechNavio projects that the global Li-ion battery market to grow at a CAGR of 15.43% during the period 2016-2020, in large thanks to demand for high power applications such as hybrid electric vehicle (HEVs), electric vehicles (EV), and consumer electronic devices. Zadar Ventures Ltd. (OTC: ZADDF) (TSX-V: ZAD), Plug Power Inc. (NASDAQ: PLUG), Lithium Americas Corp. (OTC: LACDF), Lithium X Energy Corp. (OTC: LIXXF), Pure Energy Minerals Ltd. (OTC: PEMIF)
The report points out that Li-ion batteries have a good electrochemical performance with low resistance. The advantage of using Li-ion batteries is that they increase the thermal stability, have higher current density, and a longer shelf life as compared with other batteries available in the market. The technology behind the batteries' efficiency has deep-discharge cycle life that shields the battery from damage.
Zadar Ventures Ltd. (OTCQB: ZADDF) (TSX-V: ZAD) is a resource company focused on the acquisition and exploration of economically viable green energy resources in jurisdictions favorable to mining and industry. On March 3rd the company announced that, "it has increased its interests in lands prospective for lithium bearing petrobrines in Manitoba from 38,000 hectares to 51,000 hectares by way of newly filed claim applications. Manitoba is a jurisdiction well-known for its oil production in the southeast section of the Province and historic lithium production in east central Manitoba at the Tanco Mine at Bernic Lake, Manitoba.In an effort to quickly assess the value potential of these prospective petrobrine lands, the Company plans to initiate testing waste water from the producing oil wells in the area of these claim applications within the next several weeks."
Company President Paul D. Gray, P.Geo. commented, "We are excited to get involved in a new area of lithium exploration in well-established petroleum production basins. The demand for low-cost lithium production in stable jurisdictions is going to be the key driver in the ever-growing energy storage space. These Manitoba petrobrine fields offer a rare opportunity to leverage on the existing handling of saline waters potentially enriched in lithium at surface, and Zadar will be determining if this is an economically viable opportunity."
Plug Power Inc. (NASDAQ: PLUG) is a provider energy solutions that change the way the world moves, has recently announced it has shipped the first production ProGen fuel cell engines for use in electric delivery vehicles. Through this application, Plug Power extends its reach into the on-road electric vehicle market, increasing its served market for fuel cell products and hydrogen fueling stations. The ProGen engine solution greatly enhances electric vehicle range, making them a viable solution for a wide range of applications, including parcel delivery and service trucks, municipal and government fleets, taxis and port vehicles. The first deliveries of production ProGen engines will function as range extenders in electric delivery vans, doubling the vehicle's range.
Lithium Americas Corp. (OTCQX: LACDF) is developing the Cauchari-Olaroz lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar. In addition, Lithium Americas owns 100% of the Lithium Nevada project (formerly Kings Valley project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. On March 29th the company announced positive feasibility study for stage one of the Cauchari-Olaroz Lithium Project.
Lithium X Energy Corp. (OTCQX: LIXXF) is a lithium exploration and development company with a goal of becoming a low-cost supplier for the burgeoning lithium battery industry. Lithium X owns 50%, and has the option to acquire up to 80%, of the Sal de los Angeles lithium brine project in the prolific "Lithium Triangle" in mining friendly Salta province, Argentina. The company recently revealed it has received permits for the construction of the initial ponding facility to be constructed as part of the Salta Exploraciones S.A. Joint Venture. We would like to thank the Province of Salta and respective regulatory authorities for their assistance and cooperation in the granting of this permit," commented Paul Matysek, Executive Chairman. "This is a key milestone for our Company and will certainly strengthen and differentiate our status in a very crowded lithium sector. We look forward to working closely with the local authorities and workforce in developing sustainable environmental, work and social programs to ensure we develop the Facility in harmony with the Puna region."
Pure Energy Minerals Ltd. (OTCQB: PEMIF) is a lithium resource developer that is driven to become a low-cost supplier for the burgeoning lithium battery industry. The Company is currently focused on the development of the CVS Lithium Brine Project and the adjoining Glory Lithium Clay Project in Clayton Valley, Nevada and announced on March 27th that it has completed a constant-rate pumping test at its newest exploration well, CV-8, at the Clayton Valley South Project. The test ran continuously for three days and included a collection of brine samples along with extensive hydrogeological data on the brine aquifer system.
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