TMCnet - World's Largest Communications and Technology Community



Lithium Demand Expected to Continue Fueled by the Global Electrification of Transportation
[August 09, 2018]

Lithium Demand Expected to Continue Fueled by the Global Electrification of Transportation

PALM BEACH, Florida, August 9, 2018 /PRNewswire/ -- News Commentary 

Presently, about 35% of the world lithium supply goes to batteries. As more EVs reach production in the future, that percentage is expected to increase dramatically. Fortunately Lithium is one of the most abundant minerals in the world, in brines and in rocks. Many in the industry believe Lithium is one of the materials that won't be replaced within the next 20 years especially since now next generation batteries have stepped their use in lithium. With the continual developments and improvements in solid state batteries, lithium demand is expected to increase in quantity and usage as the need for all things electronic, like smartphones and EVs, is surging and showing no signs of slowing anytime soon. Active stocks in the markets this week include NRG Metals Inc. (TSX-V:NGZ) (OTC:NRGMF). Lithium Americas Corp. (TSX:LAC) (NYSE:LAC), Albemarle Corporation (NYSE:ALB), Sociedad Química y Minera de Chile S.A. (NYSE:SQM), Nemaska Lithium Inc. (TSX:NMX) (OTC:NMKEF).

NRG Metals Inc. (TSX-V:NGZ.V) (OTCQB:NRGMF) BREAKING NEWS: NRG Metals is pleased to report pumping test results for the first 10 inch large-diameter pumping well at the Hombre Muerto North Lithium Project, Argentina. The well is located on the Tramo Claim portion of the project group.

This pumping well was drilled immediately adjacent to our first exploration diamond core hole following the excellent results from the recent sampling that provided assay results of 401 meters of 900 mg/L lithium with very good chemistry as reported in the Company's press release dated June 28, 2018. Together with information from the diamond core drilling program, data from the pumping test will be used to calculate resources and reserves for the project. If warranted, this pumping well can be used for production as part of our fast-track development of the project.

NRG Metals completed a 72-hour pumping test that produced 26 liters per second of brine. The test was limited by the capacity of the pump causing our test to rapidly reach the limits of the pumping equipment and measurement devices at the site. The pumping test was designed and monitored by our independent technical consultants, Montgomery & Associates of Santiago, Chile. Based on these positive initial pump test results, our technical team believes that the well could have significant additional pumping capability. The Company is planning to mobilize additional equipment to run a test with a higher capacity pumping system as soon a possible.

José de Castro, Chief Operating Officer of NRG Metals Inc., commented, "we are very pleased with the results of the pumping test at Hombre Muerto North. These results have removed a significant part of the risk associated with developing a lithium operation. We are seeing exceptionally high grades in clastic host rocks with good permeability, and the brine chemistry is very favorable. The Hombre Muerto North brine is unsaturated and has low sulfate and magnesium ratios. Brine with these characteristics has the potential to evaporate more quickly while using less pond area than would be the case for a typical saturated brine and will require lower consumption of chemical reagents potentially resulting in diminished capital and operating costs."

The project is located n the province of Salta, Argentina at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix mine and the Sal de Vida development stage project owned by Galaxy Resources Ltd. Galaxy recently drilled a brine pumping well on their property which is adjacent and contiguous to the south of the NRG Tramo claim. Galaxy has also announced it has entered into a letter agreement for the sale of their northern portion of the Sal de Vida project to the Korean lithium producer POSCO for US$280 million ( subject to third quarter POSCO board approval ). The sale includes that portion of the salar which surrounds the NRG Metals Tramo claim. Read this and more news for NRG Metals at

Other recent developments in the mining industry include:

Lithium Americas Corp. (TSX:LAC.TO) (NYSE:LAC) last week announced that the National Instrument 43-101 Technical Report on the Pre-Feasibility Study for the Thacker Pass Project, Humboldt County, Nevada, USA has been filed and is available for review under the Company's profile on SEDAR at and on the Company's website at Lithium Americas, together with Sociedad Química y Minera de Chile S.A. (NYSE:SQM), 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 Thacker Pass project (formerly Stage 1 of Lithium Nevada project), and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals.

Albemarle Corporation (NYSE:ALB) reported second quarter 2018 net sales of $853.9 million, earnings of $302.5 million and adjusted EBITDA of $258.6 million. "We saw strength in all three businesses in the second quarter, with each delivering double-digit adjusted EBITDA growth," said Luke Kissam, Albemarle's Chairman, President and CEO. "The company grew adjusted diluted EPS by 28% over 2017, excluding divested businesses. Our lithium capital projects continue to progress on plan. We are confident in a strong 2018 and are raising our guidance for the full year to $5.30 to $5.50 per diluted share."

Nemaska Lithium Inc. (TSX:NMX.TO) (OTC:NMKEF) recently provided a project construction update and development timeline for its Whabouchi Mine and Electrochemical Plant in Shawinigan. Moving forward, Nemaska Lithium intends to issue progress reports in conjunction with its quarterly and annual financial reporting. Guy Bourassa, President and CEO of Nemaska Lithium, commented, "With the project financing structure completed on May 30th, our project construction and planning are on schedule at both locations and construction activities are increasing week by week. I am pleased that we are progressing according to plan and that we are on track to start producing spodumene concentrate in the second half of 2019 with lithium salts production commencing in the last half of 2020.

DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty five hundred dollars for news coverage of the current press releases issued by NRG Metals Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements.

Contact Information:
Media Contact

[ Back To's Homepage ]

Technology Marketing Corporation

35 Nutmeg Drive Suite 340, Trumbull, Connecticut 06611 USA
Ph: 800-243-6002, 203-852-6800
Fx: 203-866-3326

General comments:
Comments about this site:


© 2019 Technology Marketing Corporation. All rights reserved | Privacy Policy