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CLIENT FEATURE: Tartisan Nickel (TN:CSE) Advancing the Kenbridge Nickel Mine – A Project Designed for Small Cap Success $TN.ca $NICO.ca $RNX.ca $TSLA $NOB.ca $SHL.ca $CNC.ca

Posted by AGORACOM-Eric at 11:07 AM on Tuesday, September 1st, 2020

Investment Highlights

  • Kenbridge property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper
    • The deepest hole extends to 838.4 metres, intersecting mineralization grading 4.25% nickel and 1.38% copper over 10.7 metres
    • The deposit remains open at depth
  • Tartisan completed a Spectral Analysis Survey that identified the Kenbridge Deposit, and has shown a possible extension and three additional trends
  • Owns 17.5 (21.8 fully diluted) percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property and are drilling their Iska Iska Pollymetallic project in Bolivia
    • Tartisan currently owns close to 4 million ELO shares  
  • Tartisan owns close to 1,700,000 shares in Class 1 Nickel (CSE:NICO)
    • Tartisan vended the Alexo- Kelex asset to Class 1 Nickel, who recently listed on CSE

Kenbridge Ni Project (ON, Canada)

  • Advanced  stage  deposit  remains open  in  three  directions,  is  equipped with a 623m  deep  shaft  and  has  never  been  mined
  • Preliminary  Economic Assessment completed and updated returned robust project 
    economics and operating costs including  a  NPV  of  C$253M  and  cash costs of US$3.47/lb of nickel net of  copper credits
  • Plans for Kenbridge include updating PEA, advancing the project through to feasibility and exploring the open mineralization at depth

Recent News

  • Company has completed a Spectral Analysis Survey
  • Survey covered the patented and single-cell mining claims that make up the historic land position which contains the Kenbridge Deposit and the surrounding area, identifying several new exploration targets not only for nickel, copper, cobalt, but also for potential gold occurrences
  • Analysis Survey shows the distribution and intensity of up to 304 minerals, with the first pass showing up to 16 minerals
  • Each mineral can be classified into an exploration relevance for base metals, precious metals and industrial metals

Tartisan CEO Mark Appleby said, “the survey picked out the Kenbridge Deposit, and has shown the possible extension to the Kenbridge Deposit and three additional trends that relate directly to underlying geology and structure implicit in the Kenbridge Deposit. Of significant interest, the survey found two gold trends as well, which include the Violet and Nina historic gold occurrences. One of the occurrences is almost 54 hectares in size and covers almost all of three of our staked claims on the border of the Kenbridge property.”

DISCLOSURE: Tartisan Nickel Corp. is an advertising client of AGORA Internet Relations Corp.

Tesla’s Musk Hints of Battery Capacity Jump Ahead of Industry Event SPONSOR Tartisan Nickel $TN.ca $NICO.ca $RNX.ca $TSLA $NOB.ca $SHL.ca $CNC.ca

Posted by AGORACOM-Eric at 10:06 AM on Thursday, August 27th, 2020

SEOUL (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has suggested the U.S. electric carmaker may be able to mass produce batteries with 50% more energy density in three to four years, which could even enable electric airplanes.

SEOUL (Reuters) – Tesla Inc (TSLA.O) CEO Elon Musk has suggested the U.S. electric carmaker may be able to mass produce batteries with 50% more energy density in three to four years, which could even enable electric airplanes.

His comments came as speculation is growing about announcements at Tesla’s anticipated “Battery Day” event where it is expected to reveal how it has improved its battery performance.

“400 Wh/kg *with* high cycle life, produced in volume (not just a lab) is not far. Probably 3 to 4 years,” Musk tweeted on Monday in response to a Twitter thread by Sam Korus, an analyst at ARK Investment Management LLC, about why Musk keeps hinting at a Tesla electric plane.

Researchers have said the energy density of Panasonic’s (6752.T) “2170” batteries used in Tesla’s Model 3 is around 260 Wh/kg, meaning a 50% jump from the current energy density which is key to achieving a longer driving range.

Musk said last year that for electric flight to work, the energy density of batteries needed to improve to over 400 Wh/kg, a threshold which may be achieved in five years.

The electric car manufacturer also showed an image where a number of dots are clustered in line formations, sparking speculation among media and fans about what it will reveal at the event. (here)

South Korean battery expert Park Chul-wan said the image may hint at “silicon nanowire anode,” a breakthrough technology which can potentially increase both battery energy density and battery life sharply.

Panasonic Corp (6752.T) earlier told Reuters that it plans to boost the energy density of the original “2170” battery cells it supplies to Tesla by 20% in five years.

Tesla is also working with China’s Contemporary Amperex Technology Ltd (CATL) (300750.SZ) to introduce a new low-cost, long-life battery in its Model 3 sedan in China later this year or early next year, with the batteries designed to last for a million miles of use, Reuters reported in May.

Tesla has said its Battery Day will take place on the same day as its 2020 annual meeting of shareholders on Sept. 22.

A very “limited number of stockholders” will be able to attend both of the events due to pandemic-related restrictions, Tesla said, and a lottery will be held to select attendees.

source: https://www.reuters.com/article/us-tesla-batteries/teslas-musk-hints-of-battery-capacity-jump-ahead-of-industry-event-idUSKBN25L0MC

According To Tesla CEO Elon Musk, Nickel is The New Gold: SPONSOR Tartisan Nickel $TN.ca $NICO.ca $RNX.ca $TSLA

Posted by AGORACOM-Eric at 9:29 AM on Tuesday, August 25th, 2020
Tc logo in black
  • “I’d just like to re-emphasize, any mining companies out there, please mine more nickel,” said Musk
  • Nickel is arguably the single most important metal component in EV batteries.

In the popular imagination, lithium is the element that powers EVs. However, as Elon Musk has pointed out, the term “lithium-ion batteries” is something of a misnomer, because they don’t really contain that much lithium. “Although [they’re] called lithium-ion, the actual percentage of lithium in a lithium-ion cell is approximately 2%,” Musk explained at Tesla’s 2016 shareholder meeting. “Technically, our cells should be called nickel-graphite, because the primary constituent in the cell as a whole is nickel.” 

Above: Tesla’s Elon Musk (Flickr: Steve Jurvetson)

More recently, Musk reiterated the importance of nickel, and made what sounded to some like an urgent plea for more of the stuff. “I’d just like to re-emphasise, any mining companies out there, please mine more nickel,” said Musk during Tesla’s latest quarterly conference call. “Wherever you are in the world, please mine more nickel and…go for efficiency, obviously environmentally-friendly nickel mining at high volume. Tesla will give you a giant contract for a long period of time, if you mine nickel efficiently and in an environmentally sensitive way.”

However, meeting the expected surge in demand for element #28 may not be so easy, because of various supply-side issues. In a recent interview with Kitco News, Michael Beck, Managing Director at Regent Advisors, said he sees something of a “perfect storm” brewing in the nickel trade.

A Tesla Model 3 contains around 30 kilograms of nickel, Beck told Kitco’s Michael McCrae. “Nickel is probably the single most important metal component in battery fabrication. It’s where all of the energy is stored, and increasingly battery chemistries are being refined to allow the inclusion of as much nickel as possible. The more nickel, the higher the energy density of the battery.”

The spotlight on nickel is a recent development. Nickel prices collapsed in 2007, and there’s been little development of new capacity since then, says Beck. “In this intervening almost 12 years there was no material investment in new nickel capacity. The last 12 years has been a drawdown of excess inventory, and that’s coming to an end. The ramp-up of demand is just beginning.”

The long lead time for bringing new nickel mines into production is another constraining factor. “It takes 7 to 10 years to bring on new nickel projects,” says Beck. “So, you have the makings of a perfect storm. You have a baked-in structural deficit for the next 12 years…you have inventories in the next 18 months going down to almost zero. You also have this new demand source that never existed for nickel.”

Above: Ken Hoffman, senior expert at McKinsey, weighs in on Tesla’s need for nickel in order to expedite the EV revolution (YouTube: Kitco NEWS)

All that would seem to add up to an investment opportunity for somebody. “In the universe of metals, [nickel is] our favorite,” says Beck. “We think in the next two to three years you’re going to see a major up-tick of the nickel price…as shortages emerge, and that’s what’s going to be required to get new investment in the sector.”

So, what companies are poised to take advantage of the coming nickel rush? “Maybe the most interesting in the larger cap of established players is Norilsk,” says Beck. “They’re the number-two nickel producer, and they’re based in Russia. That’s probably the single best large-cap way to get exposure to nickel. It’s a major producer of the metal, and when nickel goes up, their share price goes up accordingly. At the smaller cap end of the spectrum, there are a bunch of smallish nickel explorers and emerging developers.”

Over the next few years, Beck believes that nickel shortages will emerge, and most companies with nickel exposure will benefit. However, there’s another factor in play. Tesla and other EV-makers are naturally eager to get their raw materials from sustainable sources. The industry has invested much effort and cash in cleaning up its supply chain for cobalt. Elon’s recent plea for nickel specified that it needed to be mined in an environmentally sensitive way. (Norilsk, by the way, has recently been involved in not one but two oil spills in Russia’s Arctic region.)

Vancouver-based Giga Metals quickly responded to Elon’s appeal, saying that it has a source of environmentally-responsible nickel in development. As Matthew Hall reports in Mining Technology, Giga Metals owns a property called Turnagain in north-central British Columbia, which it says is one of the largest undeveloped sulphide nickel projects in the world, and also contains cobalt.

Canada has plenty of nickel mines, but Giga Metals has a unique vision for the Turnagain mine. “Our goal is to be the world’s first carbon-neutral mine,” said Giga Metals President Martin Vydra. “We plan to use power from BC Hydro’s clean energy grid, which will involve more capital expenditure than the alternatives, but is the right thing to do.”

Above: Tesla’s Model 3 (Source: EVANNEX; Photo by Casey Murphy)

“If you want environmentally-responsible nickel, I really think you have to look at sulphide deposits in first-world jurisdictions such as Canada and Australia,” said Giga Metals CEO Mark Jarvis. “Canada has several very large, low-grade, open-pittable sulphide nickel deposits waiting to be developed, including Canada Nickel’s Crawford deposit, Waterton’s Dumont deposit and our own Turnagain deposit. Canada has some of the toughest environmental regulations in the world, so if you buy your nickel from Canada, you can be assured that this part of your supply chain is ethically sourced.”

===

Written by: Charles Morris

SOURCE: https://insideevs.com/news/440582/elon-musk-lithium-ion-battery-nickel-is-new-gold/

TESLA, Lomiko and Batteries SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 1:33 PM on Monday, February 10th, 2020
BIG BIZ INTERVIEW

CEO INTERVIEW LINK

Lomiko Metals Outlines 2020 Project Plan for La Loutre Flake Graphite Property in Quebec

(Vancouver, British-Columbia and Montreal, Quebec) February 5, 2020 – Lomiko Metals Inc. (TSX-V: LMR, OTC: LMRMF, FSE: DH8C) (Lomiko or the “Company”) is pleased to announce plans to move forward with assessment and development of the La Loutre Property for 2020. The goals are as follows:

1) Complete 100% Acquisition of the Property
2) Complete Metallurgy and Graphite Characterization
3) Complete a Technical Report in accordance with NI 43-101 Guidelines

A “technical report” means a report prepared and filed in accordance with this Instrument and Form 43-101F1 Technical Report that includes, in summary form, all material scientific and technical information in respect of the subject property as of the effective date of the technical report;

4) Complete Preliminary Economic Assessment (PEA) compliant with NI 43-101 Guidelines

PEA means a study, other than a pre-feasibility or feasibility study, that includes an economic analysis of the potential viability of mineral resources;

Further details regarding the plan will be released when consultants are assigned for each task.

Results from Drilling Program

Results from the 2019 program (see Table 1 below, and Figure 1) at the Refractory Zone of the La Loutre graphite project (the “Project”) indicate considerable promise. A total of 21 holes were completed in 2019 on the Refractory Zone for a total of 2,985 metres. The Project is owned by Lomiko (80%) and Quebec Precious Metals Corporation (20%).

“La Loutre has proven to be a large and high-grade area worthy of further investment.” stated A. Paul Gill, CEO. “The only operating graphite mine in North America is the Imerys Graphite & Carbon at Lac-des-Îles, 53 km northwest of La Loutre which reported Proven reserves of 5.2 M Tonnes at a grade of 7.42 % Cg in July 1988 before the start of production.” (reference: Potentiel de la minéralisation en graphite au Québec, N’Golo Togola, MERN, page 31, Conférence Québec Mines, November 24 2016).

* mineralization hosted on adjacent and/or nearby projects is not necessarily indicative of mineralization hosted on the Company’s property:

Although the recent focus was on the Refractory Zone, the Project was also subject of an independent technical report in accordance with NI 43-101 – Standards of Disclosure for Mineral Projects, prepared by B. Turcotte and G. Servelle of InnovExplo Inc. from Val-d’Or, Québec, and O. Peters, of AGP Mining Inc., dated March 24, 2016, filed for the Project’s Graphene-Battery Zone. The report presented a mineral resource estimate of 18.4 M Tonnes at a grade of 3.19% carbon flake graphite (“Cg”) in the Indicated category and 16.7 M Tonnes at 3.75% Cg in the Inferred category using a cut-off of 1.5% Cg.

The above-noted 2016 mineral resource does not include the current results or the significant intercepts from the Refractory Zone in 2016 which were as follows:

LL-16-01 – 7.74% Cg over 135.60 m including 16.81% Cg over 44.10 m
LL-16-02 – 17.08% Cg over 22.30 m and 14.80% Cg over 15.10 m
LL-16-03 – 14.56% Cg over 110.80 m

The next task is to complete a new resource estimate in compliance with NI 43-101 for the entire Project since the above-mentioned 2016 resource estimate including the 2016 and 2019 drilling at the Refractory Zone.

Click Here For More Information

Why Is Elon Dancing? TESLA Might Hit $1000! SPONSOR: Lomiko Metals $LMR.ca $CJC.ca $SRG.ca $NGC.ca $LLG.ca $GPH.ca $NOU.ca

Posted by AGORACOM-Eric at 11:09 AM on Tuesday, February 4th, 2020

SPONSOR: Lomiko Metals is focused on the exploration and development of minerals for the new green economy such as lithium and graphite. Lomiko owns 80% of the high-grade La Loutre graphite Property , Lac Des Iles Graphite Property and the 100% owned Quatre Milles Graphite Property. Lomiko is uniquely poised to supply the growing EV battery market. Click Here For More Information

  • By 2022 electric cars will become price competitive with conventional cars

CEO INTERVIEW LINK

Most investors don’t yet understand the tsunami of electric car demand that is just around the corner. Bloomberg New Energy Finance forecasts that by 2020 there will be over 289 different models of electric cars.   Just recently Bloomberg has revised their targets now saying the same as I have said for the past 3 years. Bloomberg now says by 2022 electric cars will become price competitive with conventional cars. Previously they said by 2025. Even Volkswagen predicts that EVs will go mainstream in 2022. By 2022 an electric car should be cheaper than a conventional car, and will be up to 10x cheaper to fuel, and up to 10x cheaper to maintain. At this point electric car sales will go through the roof as buyers will be significantly better financially owning an electric car.  

Click Here for Lomiko Website

CLIENT FEATURE: Iconic Minerals $ICM.ca Bonnie Claire #Lithium Property Hosts Inferred Resource of 11.8B Pounds of Lithium Carbonate Equivalent $LI.ca $MGG.ca $PAC.ca $CYP.ca $NEV.ca $SX.ca

Posted by AGORACOM-JC at 4:23 PM on Tuesday, April 2nd, 2019

(TSXV: ICM) (OTC Pink: BVTEF) (FSE: YQGB)

Bonnie Claire Property – Flagship

  • 11.8 Billion pounds of lithium carbonate equivalent (28.5 Million tonnes of LCE) Inferred Resource (43-101).
  • Potential to be the largest lithium resource globally (based on size)
  • Property area is contained within a valley that is 60kms from the only producing lithium mine in North America (Albermarle Silver Peak Mine).
  • Sampling of salt flats within the basin, have found lithium values in salt samples yielding up to 340 ppm.
  • Current claim block covers the gravity low and associated mud flats that could be used for evaporation ponds if significant lithium brines are discovered in drilling.
  • Preliminary NI 43-101 Technical Report completed Read More
  • A total 5,550 feet has been drilled at the Bonnie Claire with an average 963+ppm from four drill holes
  • Great infrastructure
  • Local end-users
  • Recent favourable metallurgical results Read More

FULL DISCLOSURE: Iconic Minerals is an advertising client of AGORA Internet Relations Corp.

Iconic Minerals $ICM.ca – #Hyundai Group to launch new electric-car platform by 2021 $LI.ca $MGG.ca $PAC.ca $CYP.ca $NEV.ca $SX.ca

Posted by AGORACOM-JC at 9:00 PM on Sunday, March 31st, 2019

SPONSOR: Iconic Minerals Ltd. ICM:TSX-V Bonnie Claire Lithium Property hosts Inferred resource of 11.8 billion pounds of lithium carbonate equivalent and has the potential to be the largest lithium resource globally. Learn More.

ICM: TSX-V

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Hyundai Group to launch new electric-car platform by 2021

Parent company of Hyundai, Kia and Genesis Motor will launch a new platform for electric cars in the next two years

Hyundai Group – the parent firm of Hyundai, Kia and luxury brand Genesis Motor – will launch a new platform for electric cars by 2021.

Speaking to our sister title Auto Express, an insider at Hyundai Group said: “A new platform dedicated to electric vehicles is about two years away. It will probably focus on B and C-segment [small and medium-sized] cars.”

It’ll allow Hyundai, Kia and Genesis Motor to build more bespoke electric cars. Currently, all of Hyundai Group’s electric cars are based on existing vehicles, which are also available with petrol and diesel engines,

The Hyundai Kona Electric and Kia e-Niro spawned from internal-combustion-engined cars, as did the Kia Soul EV. The latter is expected to arrive in the UK at the end of 2019, although the Kona Electric and e-Niro have sold out entirely for the remainder of this year.

“Customer demand has been higher than expected,” said a spokesperson. “It’s going to take six months to adjust to that level of demand.”

Hyundai and Kia are planning to have 38 ‘green’ cars in their product line-up by 2025, 14 of which will be fully electric. Genesis Motor is expected to launch its first electric car by 2021.

Meanwhile, Hyundai Group will also press on with the development of hydrogen fuel-cell technology; the hydrogen-powered Hyundai NEXO has just gone on sale in the UK.

“When it comes to electric vehicles, you have to ask whether you want science fiction or whether you want to conform,” design boss Luc Donckerwolke told Auto Express. “We can create something that doesn’t appeal to someone in the traditional sense.

“We need to appeal to millennials and next-generation car buyers. They’re not car people – they want to buy something else.”

Source: https://www.drivingelectric.com/news/983/hyundai-group-launch-new-electric-car-platform-2021

INTERVIEW: Lomiko Metals $LMR.ca High Purity #Graphite Is Ready For Electric Vehicle Boom

Posted by AGORACOM-JC at 6:14 PM on Thursday, March 28th, 2019

10 years – that’s how long Lomiko Metals has been predicting, waiting and preparing for the the Electric Vehicle explosion that is now set to take place over the next 10 years.

The Company is in the enviable position of having a high purity Graphite deposit that is also located just 1.5 hours outside of Montreal.

Watch CEO Paul Gill discuss why Lomiko is positioned to now become a major player in the battery metals space.

New Age Metals Inc. $NAM.ca – Who Are Tesla’s $TSLA Lithium Suppliers? $LIC.ca $LIX.ca $LI.ca $ELR.ca $ATL.ca

Posted by AGORACOM-JC at 3:19 PM on Tuesday, March 26th, 2019

SPONSOR: New Age Metals Inc. The company’s new Lithium Division has already made significant acquisitions in Canada and the USA. The company also owns one of North America’s largest primary platinum group metals deposit in Sudbury, Canada. Updated NI 43-101 Mineral Resource Estimate 2,867,000 PdEq Measured and Indicated Ounces, with an additional 1,059,000 PdEq Ounces in the Inferred. Learn More.

NAM: TSX-V

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Who Are Tesla’s Lithium Suppliers?

Lithium stocks have been volatile in recent years, though the electric vehicle revolution means that demand for the metal should be strong for many years.

  • Appetite for lithium is becoming increasingly ravenous as the electric-vehicle (EV) pioneer ramps up production of the Model 3, its first mass-market vehicle
  • Lithium is a silvery-white metal used to make the lithium-ion batteries that power EVs and other products, including the energy-storage products that Tesla and others produce.

  Beth McKenna (TMFMcKenna) Mar 26, 2019 at 9:30AM

Tesla‘s (NASDAQ:TSLA) appetite for lithium is becoming increasingly ravenous as the electric-vehicle (EV) pioneer ramps up production of the Model 3, its first mass-market vehicle. Lithium is a silvery-white metal used to make the lithium-ion batteries that power EVs and other products, including the energy-storage products that Tesla and others produce.

Tesla and other companies that need lithium in their manufacturing processes have been eagerly inking longer-term supply agreements with producers to ensure they’ll have adequate quantities. That’s because lithium supply has been having a hard time keeping up with demand, thanks largely to the rising popularity of EVs. 

This dynamic resulted in lithium prices soaring in 2016 and 2017, along with the stock prices of producers, such as diversified chemical giants Albemarle (NYSE:ALB) and SQM (NYSE:SQM). Lithium prices started falling off their peaks last year, which along with concerns about China’s slowing growth and too much new production capacity coming online, contributed to stock prices plummeting. Supply, however, remains relatively tight.

So who are Tesla’s lithium suppliers? And do any of them look like potentially good investments?

Tesla Model 3. Image source: Tesla.

Tesla’s lithium suppliers

According to company press releases and/or published reports, the following companies have or have had some type of agreement in place to supply Tesla with lithium hydroxide. (This list may not be all-inclusive.) 

Company Headquarters Tesla Agreement Date
Ganfeng Lithium China    Sept. 2018
Kidman ResourcesAustralia May 2018
Pure Energy MineralsCanadaSept. 2015
Joint venture partners Cadence Minerals and Bacanora Minerals  U.K. and Canada, respectivelyAug. 2015

Ganfeng is China’s largest producer of lithium and the world’s second- or third-largest producer (depending on source) behind the United States’ Albemarle, and perhaps also behind Chile’s SQM. In September, Ganfeng revealed that it has an agreement with Tesla to supply the EV maker with 20% of its annual lithium hydroxide production through 2020, which could be extended by three years. Shares of Ganfeng are not listed on a major U.S. stock exchange, nor do they trade over the counter (OTC) in the U.S. Thus most U.S. investors looking for exposure to the lithium realm should explore other options.

Kidman Resources has a 50/50 joint venture with SQM to develop its Mt. Holland lithium project in the Earl Grey hard-rock lithium deposit in Western Australia. In May 2018, Kidman entered into an offtake agreement with Tesla “for an initial term of three years on a fixed-price take-or-pay basis from the delivery of first product,” according to Kidman’s press release, adding that the agreement “contains two 3-year term options.” The company said that the agreement “equates to less than 25% of Kidman’s portion of initial nameplate production for the first three years from the refinery.” Kidman’s shares are listed on the Australian Securities Exchange (ASX) and also trade over the counter in the U.S, but the OTC shares are extremely thinly traded, which means volatility could be considerable. For this reason, along with the fact that Kidman is a developmental stage company that’s not profitable, the stock is not a good fit for most U.S. investors.

Pure Energy Minerals is developing the Clayton Valley South Lithium Brine project in Nevada, which is located adjacent to the only producing lithium mine in the U.S., Albemarle’s Silver Peak lithium brine operation. The project is roughly 200 miles away from Tesla’s giant lithium-ion battery cell factory, the Gigafactory 1. Indeed, when Tesla chose Nevada for the location of its first Gigafactory, industry watchers speculated that the Silver State’s plentiful lithium supply was one main reason. According to Pure Energy’s Sept. 2015 press release, “provided that Pure Energy meets certain terms and conditions … the Agreement establishes a commitment for an annual purchase volume of product over a period of 5 years by Tesla and/or its authorized purchasers.”  

Cadence Minerals (which was named Rare Earth Minerals until March 2017) and Bacanora Minerals are JV partners in the Sonora Lithium Project in Northern Mexico. In Aug. 2015, they signed a conditional long-term lithium hydroxide supply agreement with Tesla, according to published reports. Neither company’s stock is listed on a major U.S. stock exchange, nor is either company profitable on an operating basis. For these reasons, their stocks are not good choices for most U.S. investors. 

  Source: https://www.fool.com/investing/2019/03/26/who-are-teslas-lithium-suppliers.aspx

#Lithium Market Projected to Grow With Demand for #Eco-friendly Vehicles #EVs $NAM.ca $LIC.ca $LAX.ca #TSLA

Posted by AGORACOM-JC at 4:26 PM on Thursday, January 4th, 2018
  • Global Lithium Ion Battery Market is poised surpass USD 60 billion by 2024
  • batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs)
  • Report indicates that the growing adoption of electric vehicles coupled with government initiatives to promote sustainable energy utilization will drive the lithium ion battery market size

News provided by

FinancialBuzz.com

NEW YORK, January 4, 2018

According to Global Market Insights, Inc. the global Lithium Ion Battery Market is poised surpass USD 60 billion by 2024. Li-ion batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs). More and more countries advocate for eco-friendly vehicles, increasing lithium ion batteries demand as a result. The report indicates that the growing adoption of electric vehicles coupled with government initiatives to promote sustainable energy utilization will drive the lithium ion battery market size. MGX Minerals Inc. (OTC: MGXMF), Tesla Inc. (NASDAQ: TSLA), Sociedad Química y Minera de Chile S.A. (NYSE: SQM), Albemarle Corporation (NYSE: ALB), FMC Corporation (NYSE: FMC)

A lead metals and minerals research analyst at Technavio, Mahitha Mallishetty, explained, “The range of EVs can be improved, and the fuel consumption of hybrid EVs can be reduced using lithium-ion batteries. The diverse types of rechargeable batteries, distinguished by the materials used for the electrodes and electrolytes, have a short-range due to lower energy density and have a short operational life when compared with that of lithium-ion batteries. Growth in vehicle fleet leads to a proportionately faster change in the acceptance of EVs, thereby providing growth prospects for the global lithium market.”

MGX Minerals Inc. (OTC: MGXMF) also listed on the Canadian Securities Exchange under the Ticker ‘XMG’. Just earlier today the company announced breaking news that, “has increased its ownership in engineering partner PurLucid Treatment Solutions (“PurLucid”) from 34% to 46% by investment of C$1.45M. The Company maintains the right to acquire 100% of PurLucid through successive future investments.

Investment Recap – Since announcing an acquisition and engineering partnership agreement in September 2016, MGX and PurLucid have invented new technology and filed patent application related to brine treatment and selective lithium recovery. PurLucid’s exclusively licensed nanoflotation technology, which purifies wastewater brine, has since been integrated with a newly developed lithium recovery process. Combined, this Cleantech process reduces the capital cost of recovery compared with traditional solar evaporation, as it does not require the investment in very large, multi-phase, lake sized, lined evaporation ponds, greatly reducing the physical footprint and enhancing the quality of extraction and recovery across a complex range of brines previously considered unprocessable due to complexity or geographical location outside of solar evaporation appropriate zones. This includes oil and gas wastewater, natural brine, and other brine sources such as lithium-rich mine and industrial plant wastewater.

Nanoflotation and Nanofiltration Technology – PurLucid and MGX system utilizes a highly charged Replaceable Skin Layer (RSL™) membrane related to the nanofiltration and High Intensity Froth Flotation (HiFF) system, known as nanoflotation, which collectively have demonstrated performance superiority over other processes typically used to remove contaminants. The technology allows ultra-high temperature water treatment (up to 700oC) at 10-30 times the efficiency of existing ultrafiltration systems and offers numerous environmental benefits, including contaminant removal, mineral recovery, reduced energy demand, smaller footprints and lower capital costs. The technology was a 2017 finalist for the Most Disruptive Technology in the World award by Katerva (see press release dated February 21, 2017).

Petrolithium Technology – MGX and Purlucid are implementing the lithium recovery process, commissioning of the first 750 barrel per day system is underway, extending the success achieved with the Petrolithium pilot recovery system deployed in August 2017 (see press release dated August 1, 2017). Although combined system development and deployment are cornerstone to the engineering partnership, MGX holds the global rights to the jointly developed lithium extraction technology while PurLucid retains the rights to the pre-treatment water purification and core technology.

Government Grants – PurLucid was recently awarded a non-repayable contribution totaling up to C$8.2 million in government funding to support the commercialization of a low energy water treatment system for the oil and gas industry (see press release dated November 6, 2017). Purlucid will fabricate and deploy a commercial-scale unit within an operating steam-assisted gravity drainage (SAGD) facility in Alberta. The contracted operation will generate upto C$2.0 million a year based on a per cubic meter environmental processing fee that is approximately 50% lower cost than current disposal costs (deep salt cavern). This project will serve as a template for additional contracts currently under negotiation with other oil and gas producers.

Lithium Extraction System Nearing Deployment – Full commissioning of the commercial-scale NFLi5 lithium recovery system, capable of processing 750 barrels (120 cubic meters) of brine per day, is nearing completion. Deployment of this unit is expected to take place within the next 60 days.”

Tesla Inc. (NASDAQ: TSLA) mission is to accelerate the world’s transition to sustainable energy. with the opening of the Gigafactory and the acquisition of SolarCity, Tesla now offers a full suite of energy products that incorporates solar, storage, and grid services. As the world’s only fully integrated sustainable energy company, Tesla is at the vanguard of the world’s inevitable shift towards a sustainable energy platform. According to a blog published by The Tesla Team, Tesla was selected to provide a 100 MW/129 MWh Powerpack system to be paired with global renewable energy provider Neoen’s Hornsdale Wind Farm near Jamestown, South Australia. Tesla was awarded the entire energy storage system component of the project. Upon completion by December 2017, this system will be the largest lithium-ion battery storage project in the world and will provide enough power for more than 30,000 homes, approximately equal to the amount of homes that lost power during the blackout period.

Sociedad Química y Minera de Chile S.A. (NYSE: SQM) is an integrated producer and distributor of lithium, iodine, specialty plant nutrients, potassium-related fertilizers and industrial chemicals. On December 20, 2017, the company announced that it and its subsidiary SQM Australia Pty, have finalized the purchase of 50% of the assets of the Mount Holland Lithium Project in Australia. This purchase is from MH Gold Pty Ltd, Montague Resources Australia Pty Ltd y Kidman Resources Limited, as the result of compliance of the conditions established in the purchase agreement agreed by the Sellers and informed to the Superintendencia de Valores y Seguros on September 11, 2017. SQM Australia and the Sellers have also signed a joint venture agreement describing the development, construction and mining operations, concentration and refining plants for the production of lithium carbonate and lithium hydroxide. This joint venture agreement will also allow for the exploration and exploitation of Sellers’s lithium rights which are not included in the Agreement.

Albemarle Corporation (NYSE: ALB), headquartered in Charlotte, NC, is a global specialty chemicals company with leading positions in lithium, bromine and refining catalysts. On November 8, 2017, the company reported third quarter 2017 net sales of $754.9 million, earnings of $118.7 million and adjusted EBITDA of $209.4 million. Lithium and Advanced Materials reported net sales of $343.6 million in the third quarter of 2017, an increase of 42.9% from third quarter 2016 net sales of $240.4 million. The $103.1 million increase in net sales as compared to prior year was primarily due to favorable pricing impacts, increased sales volumes and $1.6 million of favorable currency exchange impacts. Adjusted EBITDA for Lithium and Advanced Materials was $130.2 million, an increase of 42.0% from third quarter 2016 results of $91.7 million. The $38.5 million increase in adjusted EBITDA as compared to the prior year was primarily due to favorable pricing impacts and increased sales volumes, partially offset by Lithium growth spending, a $3.9 million negative impact from hurricane Harvey on Performance Catalyst Solutions (“PCS”) and $0.2 million of unfavorable currency exchange impacts.

FMC Corporation (NYSE: FMC) has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. On November 6, 2017, the comapny reported third quarter revenue of $646 million, which is an increase of 3 percent year-over-year. FMC Lithium reported third quarter segment revenue of $94 million, an increase of 28 percent sequentially and an increase of 35 percent versus the prior-year quarter. Segment earnings increased over 50 percent sequentially and more than doubled year-over-year to $37 million in the quarter. Higher volume from FMC’s new hydroxide operations in China and higher year-over-year prices were the main contributors to growth. The outlook for Lithium segment revenue for the full year of 2017 remains in the range of $340 million to $360 million, an increase of 33 percent at the mid-point compared to 2016, while the outlook for full-year segment earnings has been raised to a range of $124 million to $128 million.

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