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Lithium Market Sees Strong Demand Thanks to EVs
[April 11, 2017]

Lithium Market Sees Strong Demand Thanks to EVs

NEW YORK, April 11, 2017 /PRNewswire/ --

The increasing demand for sustainable clean fuels in the automotive sector continues to drive the growth in the lithium-ion batteries market. A Lithium-ion battery is a type of rechargeable battery with high power density. It is now used as an alternative to nickel-metal batteries in electric vehicles and hybrid vehicles. According to a report published by Transparency Market Research, the global lithium-ion battery market is expected to rise from US$29.68 billion in 2015 to US$77.42 billion in 2024, with a strong CAGR of 11.6% during the forecast period. Bearing Resources Ltd. (OTCQB: BRGRF) (TSX-V: BRZ), Energizer Holdings, Inc. (NYSE: ENR), Panasonic Corp. (OTC: PCRFY), General Motors Company (NYSE: GM), Ford Motor Co. (NYSE: F) 

The report indicates that the increasing level of awareness among consumers and automobile manufacturers regarding the benefits of clean energy, the declining availability of natural resources, and the soaring prices of fossil fuels have driven the global lithium-ion batteries market. In addition, the market is fueled by the increasing demand for portable electronics including smartphones, LCD displays, tablets and wearable devices. By power capacity, the low power lithium-ion battery (5-25 Wh) segment dominated the market, with a market share of 35 percent in 2015. While the higher power segment (18-28 KWh) is projected to witness significant growth in the coming years.

Bearing Resources Ltd. (OTCQB: BRGRF) (TSX-V: BRZ) announced today that, "It filed a Registration Statement on Form F-4 with the United States Securities and Exchange Commission (the "SEC"), as required under the previously announced agreement and plan of merger (the "Agreement") with Li3 Energy Inc. ("Li3"). The Registration Statement has been filed with the SEC for the purpose of registering the 16 million common shares of Bearing issuable to the Li3 shareholders on closing of the merger Agreement, and is a critical stage in the steps towards closing."

Jeremy Poirier, President and CEO, commented, "The filing of the F-4 registration marks an important milestone towards completing the merger with Li3 Energy. We look forward to working constructively with the SEC through their review period and hope to announce a shareholder vote in a timely fashion."

Bearing Resources also revealed that the, "Agreement with Li3 Energy Inc. will enable it to acquire an interest in the advanced-stage Maricunga project located in Chile (the "Maricunga Project"), which represents one of the highest-grade development opportunities in the Americas. Assuming completion of the transaction, Bearing will have an undivided 17.7% interest in the project with all expenditures through to the delivery of a Definitive Feasibility Study (DFS) fully-funded by its joint-venture partners. In excess of US$30 million has been invested in the Maricunga Project to date."

Energizer Holdings, Inc. (NYSE: ENR), headquartered in St. Louis, MO, is one of the world's largest manufacturers of primary batteries, portable flashlights and lanterns. Energizer is a global leader in the dynamic business of providing power solutions with a full portfolio of products including Energizer® brand battery products such as Energizer® EnergizerMAX®; Energizer® Ultimate Lithium™; Energizer Recharge® batteries and charging systems; EcoAdvanced®; and portable flashlights and lanterns. On September 13th, 2016 Energizer Holdings, Inc. announced the launch of a broad new campaign that will take the iconic cottontail to surprising new places. "For a generation, the Energizer Bunny™ has stood for long-lasting power and an unstoppable will to keep going and going. We know consumers love him, but lately, they've told us they want more Bunny," said Michelle Atkinson, Energizer Chief Consumer Officer. "So, starting this month, we're going to unleash the Bunny like never before, using today's media landscape as a perfect playground for his disruptive nature to break through."

Panasonic Corp. (OTC: PCRFY) is a worldwide leader in the development of diverse electronics technologies and solutions for customers in the consumer electronics, housing, automotive, enterprise solutions nd device industries. The company is committed to pursuing new value through innovation across divisional lines, the company uses its technologies to create a better life and a better world for its customers. On September 29th, 2016 Panasonic Corp. announced that it has developed a Flexible Lithium-ion Battery with a thickness of only 0.55mm, or about 0.022 inches. Suitable for use in card-type and wearable devices, this rechargeable battery can retain its characteristics even after repeatedly bent into a radius of 25mm or twisted to an angle of 25 degrees.

General Motors Company (NYSE: GM) and its partners produce vehicles in 30 countries, and the company has leadership positions in the world's largest and fastest-growing automotive markets. GM, its subsidiaries and joint venture entities sell vehicles under the Chevrolet, Cadillac, Baojun, Buick, GMC, Holden, Jiefang, Opel, Vauxhall and Wuling brands. The Chevy Bolt EV is an electric vehicle that boasts a beautifully sculpted exterior with a spacious interior that house advanced technologies. Bolt EV reinvents what an electric vehicle can be as it was named Motor Trend's 2017 Car of the Year. The electric vehicle includes a nickel-rich lithium-ion battery technology that lets you enjoy Bolt EV for a very long time. The battery chemistry enhances heat resistance, allowing the battery to tolerate heat before using power to cool it down. An active thermal management system helps manage the battery temperature in extremely hot and cold weather conditions.

Ford Motor Co. (NYSE: F) is a global automotive and mobility company based in Dearborn, Michigan. The company's core business includes designing, manufacturing, marketing and servicing a full line of Ford cars, trucks and SUVs, as well as Lincoln luxury vehicles. To expand its business model, Ford is aggressively pursuing emerging opportunities with investments in electrification, autonomy and mobility. Ford will invest $4.5 billion and introduce 13 new electric vehicles globally in the next five years, including F-150 Hybrid, Mustang Hybrid, Transit Custom plug-in hybrid, self-driving hybrid, and fully electric small SUV with projected EPA-estimated range of at least 300 miles.

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