FinancialBuzz.com: Technological Developments Push Lithium Markets

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Jan 26, 2017, 08:00 ET

NEW YORK, January 26, 2017 /PRNewswire/ --

http://www.Financialbuzz.com - The future trend of the global lithium-ion battery market will depend on technological innovation. A Lithium-ion battery is a type of rechargeable battery, of which the first commercial battery was introduced to the market in 1991. As technology continued to improve, lithium-ion batteries have become widely used in different areas and play an important role in our lives. According to a research report published by Allied Market Research, the Global Lithium-Ion Battery Market size is expected reach $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period from 2016 to 2022. LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V), Galaxy Resources Limited (OTC: GALXF), Pure Energy Minerals Limited (OTCQB: PEMIF), Nemaska Lithium Inc. (OTCQX: NMKEF), Orocobre Limited (OTC: OROCF)

The research indicates that rising popularity in the automotive sector and recent technology innovations drive the demand of lithium-ion batteries. These batteries are used as an alternative to nickel-metal batteries in electric vehicles and hybrid vehicles by major automakers. In addition, further technology improvements including enhanced efficiency and cost-effectiveness drive the demand for portable electronics including smart phones, LCD displays, tablets and wearable devices such as fitness bands. Growing demand for electronic devices is also a significant driver for demand in this market.

LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is a well funded Canadian based exploration company who's primary listing is on the TSX Venture Exchange. The Company's focus is directed towards exploration for high value metals integral to the manufacture of lithium ion batteries.

LiCo Energy Metals Inc. earlier today announced, "the appointment of Marcela Matus Hernandez of Santiago, Chile to the technical advisory board of LiCo Energy Metals Inc. Ms. Matus Hernandez is a Chemical Engineer with more than 15 years of experience in Mining and Chemical Processes. Her professional achievements include conceptual engineering, control of chemical processes, development and implementation of pilot testing of research projects, study and characterization of mineral ores. From 2008 - 2015 she held the position of Director of Research and Processes for SQM, Chile leading a staff of 16 professionals. Currently she works as a Principal Process Engineer, developing the area of non-metallic mining in Chile and Argentina for one of the world's leading professional services companies operating in the global markets of water, energy and resources, environment, property and buildings, and transportation.

Mr. Tim Fernback, COO, says "We are very pleased to have a highly regarded chemical engineer with a great deal of lithium extraction expertise join our team. Especially one from Chile who has work experience in virtually all the important salars in the South American Lithium Triangle. The experience that Marcela has gained will also assist the Company in developing our two large exploration projects in Nevada."

Purickuta Site Visit

The company is pleased to announce that Company management along with exploration personnel have recently completed a site visit to the Purickuta project in the Salar de Atacama, Chile. (see news release dated January 3, 2017). The visit confirmed that the Purickuta Project exhibits many highly desirable attributes including: 1) being both a low-cost and a near term development opportunity; 2) the overall project size fits well within the capabilities of LiCo to quickly define lithium reserves and establish production facilities.; 3) the property is well situated since both SQM and Albermare are mining the highest-grades of lithium brine anywhere in the world just a short distance away; 4) LiCo has an option on one of only four exploitation concessions granted in Salar de Atacama." ….Qualified Person: The technical content of this news release has been reviewed and approved by Alan Morris CPG."

Galaxy Resources Limited (OTC: GALXF) is a lithium-focused resources company, with assets spanning Australia, Canada and Argentina. The company is currently advancing plans to develop the Sal de Vida Lithium and Potash Brine Project in Argentina, which is situated in the Lithium Triangle, a region where Chile, Argentina and Bolivia meet, and presently accounts for 60% of global lithium production. Sal de Vida is a proven high quality resource has excellent promise as a future low cost production facility. The Company also owns the Mt Cattlin Spodumene Mine near Ravensthorpe in Western Australia and the James Bay Lithium Pegmatite Project in Quebec, Canada.

Pure Energy Minerals Limited (OTCQB: PEMIF) acquired an option to purchase 100 percent interest in more than 32,000 acres of prospective lithium brine exploitation concessions on the Pocitos Salar in Salta Province, Argentina. The Properties are located in the heart of Argentina's lithium-rich Puna Region. Significant deposits of lithium in brine occur approximately 20 miles north at Rincon Salar and approximately 56 miles south at Salar del Hombre Muerto. The Pocitos Salar is directly accessible by Salta Provincial Highway 17 and it enjoys excellent infrastructure, including a gas pipeline and rail line on the eastern edge of the salar and a high voltage power line only 30km to the north.

Nemaska Lithium Inc. (OTCQX: NMKEF) currently plans for a drilling campaign of roughly 4,000 meters with a view to confirming the Eastern extension of the Doris Zone. "Our June 2016 feasibility study is current and suitable for our project financing needs. With the Doris Zone discovery in late fall it is prudent to consider the possible impact of its eastward continuance on the Whabouchi mining plan. We have therefore elected to confirm the continuation of the Doris Zone to the east, before incurring the necessary expenses to update the current feasibility study," commented Guy Bourassa, President and Chief Executive Officer. "For now then, our efforts are focused on processing the bulk sample into a 6% concentrate, delivering battery grade lithium hydroxide to Johnson Matthey Battery Materials Ltd. in Q1/17 and to delivering lithium salts samples to numerous other customers in Q2/17. To that end we have hired a Mine Manager and an Industrial Mineral Sales Director."

Orocobre Limited (OTC: OROCF) has built the first large-scale, de-novo brine based lithium project in over 20 years at its flagship Salar de Olaroz resource. The Olaroz Lithium Facility began as a joint venture project built in partnership with Japanese trading giant Toyota Tsusho Corporation and the mining investment company owned by the provincial Government of Jujuy, Jujuy Energia y Mineria Sociedad del Estado. The Olaroz Lithium Facility is presently ramping up production to reach the nameplate capacity of 17,500tpa of high quality lithium carbonate. The enormity of the Olaroz resource combined with the sustainable practices of the business support the future potential for expansion plans or additional stage developments to occur in-line with growing lithium market demand.

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