Agoracom Blog Home

Archive for the ‘Fairmont Resources’ Category

« Older Entries
Newer Entries »

Demand for battery metals set to soar: analysts $DGO.ca $PFN.ca $FMR.ca $SX.ca $BFF.ca

Posted by AGORACOM-JC at 3:31 PM on Monday, November 28th, 2016

 

 

  • “Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.
  • At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

London (Platts)–28 Nov 2016 948 am EST/1448 GMT

With nearly every forecast predicting higher battery use in the years ahead, especially lithium-ion batteries to power new and existing technologies largely in the automotive and consumer goods markets, demand for its component metals are set to soar, speakers at this year’s Mines and Money conference said Monday.

This includes cobalt, nickel, manganese, graphite and, most importantly, lithium itself.

“Lithium-ion batteries are a game changer in the energy world,” Alexa Capital’s founder and former head of European clean-tech research at Jefferies, Gerard Reid, said Monday, declaring a “revolution not evolution” in the energy world.

At five times the energy density of lead batteries, lithium-ion batteries are already the battery of choice in mobile phones, laptops and every new electric vehicle and, according to Reid, they will also be the cheapest by 2020.

“Technological advances and cost reduction in the last two years have been remarkable and nothing short of a revolution,” Reid said. “The main growth driver up to now has been consumer goods but what will take it to the next level is road transport.”

Driven by consumer demands for energy efficiency and the industry’s necessity to meet emissions targets, electric vehicle growth has accelerated in recent years, up 55% on the year to around 700,00 vehicles in 2016.

This still only accounts for less than 1% of the 80 million vehicles sold globally each year, yet there are signs that this could change rapidly.

The world’s largest vehicle manufacturer, Volkswagen, estimates it will be producing 2 million-3 million electric vehicles by 2025. Extrapolated across the industry this could mean a 30-40% market share for EVs.

In the US, Tesla outsold Mercedes in the luxury car market in 2016 for the first time in 40 years.

For Reid, this would mean an extra 800,000 mt of lithium demand by 2025, with a significant pickup of cobalt, nickel and graphite, and also silicon.

And it is not only electrical vehicles. With growing power generation expected from renewables, storage of the electricity generated will become more and more important.

Luke Kissam, CEO of one of the world’s largest lithium producers, Albermale, forecasts an extra 8,000-10,000 mt/year of lithium demand by 2020, with wholesale electronic storage expected to play a major role.

At the same time, lithium demand already significantly outpaces supply. Spot prices in China have reached $25,000/mt this year, compared with long-term contract prices of $4,000-$7,000/mt, reflecting its scarcity.

According to Roskill analyst David Merriman, the lithium market has been in deficit since 2013, largely because of demand outpacing supply growth.

Although stockpiles of minerals and concentrates have kept most end-processors overall well-supplied this year “increased control of feedstock, and later refined product, has led to a virtual tightness in lithium supply,” Merriman said.

While battery demand for lithium is currently only around 38% by end-use at 66,000/mt in 2015, it is expected to rise to 58% by 2020, he said.

At 35,000 mt, battery demand for cobalt is expected to increase from 39% by end-use to up to 50%. Graphite, up to 7% from 2% currently.

And although the lithium-battery industry is waking up to raw material issues, “based on short-term growth projections it may be too late to prevent an impact,” Merriman said.

Yet some concerns remain, especially over how much new supply will affect prices in the near to medium term.

“The demand story is there and it is well recognized, but the concern is the amount of potential supply coming online,” Macquarie’s metals analyst Stefan Ljubisavljevic said in a panel discussion Monday.

“There’s a lot of volume to come to market in the next 12-18 months and, unless there is ‘hockey stick’ demand from EVs, it is unlikely the market can absorb all that volume without prices softening,” he said.

While much of the supply chain to 2016 came from junior mining firms, new supply is expected to be largely from the larger producers, according to Merriman, such as Chile’s SQM, America’s Albermale and China’s Tianqi.

“Since 2016 incumbent producers have become more active in expansion, investment and increased overall exploration and production,” Merriman said. “Prices have incentivized both incumbent and junior companies to expand.”

–George King Cassell, [email protected] –Edited by Jonathan Fox, [email protected]

Source: http://www.platts.com/latest-news/metals/london/demand-for-battery-metals-set-to-soar-analysts-26606940

 

Tags: , ,
Posted in Durango Resources, Fairmont Resources, Small Cap Lithium Stocks | Comments Off on Demand for battery metals set to soar: analysts $DGO.ca $PFN.ca $FMR.ca $SX.ca $BFF.ca

The World of EV’s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 2:45 PM on Wednesday, November 9th, 2016

  • The World of EV’s Need Massive Supply of High Grade Lithium
  • Experts say that the amount of lithium being produced in North America will not be enough to meet the growing demand for EVs (electrical vehicles) but that some of problem might/might not be alleviated via recycling,

According to a report from the US EPA: “lithium-ion batteries “safe” for disposal in contrast to nickel-cadmium and lead-based battery products.”

Here is the reason recycling is not happening: the scrap value of lithium is 1/10 the of the value of lead, hence low to no economic gains from lithium battery recycling.

Another article by Waste Management World acknowledges that electrical vehicle-makers would like to re-use lithium from recycled batteries, but that: It does not make any economic sense to recycle the batteries.

Lithium-ion batteries contain a very small fraction of lithium carbonate as a percent of weight and are inexpensive compared to cobalt or nickel.

The average lithium cost associated with Li-ion battery production is less than 3% of the production cost.

Intrinsic value for the Li-ion recycling business currently comes from the valuable metals such as cobalt and nickel that are more highly priced than lithium.

Due to less demand for lithium and low prices, none of the lithium used in consumer batteries is completely recycled.

There is a growing North America shortage of lithium for EVs (electric vehicles): There are at least 20 or 25 direct-electrically powered and hybrids coming onto the market in the next 5 or 6 years. They will come from auto manufactures in the US, Europe, Japan, China and Korea.

Many in the industry are aware, talking about and working on the problem of providing the high high grade lithium. The investment opportunities abound.

About 70% of the world’s lithium deposits are concentrated in Argentina, Bolivia and Chile. The US imports over 80% of the lithium it uses.

Japan and South Korea (LG is the world’s largest producer) have both marked record high numbers of lithium-ion battery exports in H-1 in Y 2016, as auto companies ramp up battery consumption to power new all-electric offerings,

Benchmark Mineral Intelligence said a month ago. Lithium-ion battery shipments from Japan topped 33,500 tonnes in 2-H, up 17% from 2-H of of 2015 and over 31% Y-Y.

Have a terrific week

Source: http://www.livetradingnews.com/world-evs-need-massive-supply-high-grade-lithium-16753.html#.WCN4zcn5GNo

Tags: , , , , ,
Posted in All Recent Posts, Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on The World of EV’s Need Massive Supply of High Grade Lithium $FMR.ca $DGO.ca $BFF.ca $PFN.ca

The growing demand for lithium $DGO.ca $FMR.ca $BFF.ca $PFN.ca

Posted by AGORACOM-JC at 11:12 AM on Friday, September 2nd, 2016

Image result for mining global logo

  • Global demand for Lithium is on the up
  • Worldwide demand for finished Lithium is around 160,000 tons a year
  • Expected to rise to 400,000 to 500,000 per year over the next decade.

The global demand for Lithium is on the up, worldwide demand for finished Lithium is around 160,000 tons a year. It is expected to rise to 400,000 to 500,000 per year over the next decade.

According to data from USGS, worldwide lithium production increased slightly in 2015 as a result of an increased demand for battery applications – of which lithium is a key component.

Batteries, specifically rechargeable batteries, have been identified as the largest potential growth area for lithium compounds with the demand for these far outweighing that of other rechargeable ones. Demand is also on the rise as automobile companies have entered the market, developing lithium batteries for electric and hybrid electric vehicles.

– Mineral-sourced lithium regained market share and was estimated to account for one-half of the world’s lithium supply in 2015 – which was 32,500 Mt.

– Rechargeable lithium batteries are used extensively in the growing market for portable electronic devices and increasingly are used in electric tools, electric vehicles, and grid storage applications. Lithium minerals were used directly as ore concentrates in ceramics and glass applications worldwide.

As for world mine production and reserves of lithium, the three powerhouses as listed in the report are:

– Australia leads the charge with 13,400 Mt production of lithium, with 2,000,000 in lithium reserves. Chile comes ins a close second, with 11,500 Mt of lithium and 7,500,000 in reserves. And the third largest producer is China, with 2,200 Mt in production and 3,200,000.

Three lithium producers from across the world:

The only lithium producer in North America is Lithium X, in Clayton Valley, Nevada. The Albermarle’s Silver Peak brine evaporation project, which has been the only lithium brine production in North America since 1966. Recent reports have revealed that Clayton Valley has an inferred resource of 816,000.

Lithium X also owns the Sal de Los Angeles project in the Salta Province, Argentina. It contains a Mineral Resource Estimate of 1,037,000 tonnes of lithium carbonated. Lithium X is focusing on becoming a low cost supplier for the burgeoning lithium battery industry, working with global battery giants like Panasonic, AESC, LG and BYD.

Australian lithium producers Pilbara Minerals own the Pilgangoora development project. The project contains the world’s second largest spodumene resource and one of the largest tantalite resources. With plans to become a leading low cost lithium supplier, a recent Ore Reserve estimate published in March this year revealed a 29.5 million tonnes of lithium oxide.

Shanghai China Lithium, founded in 2002, is a Chinese based lithium production company. The company produces an annual output of 600 tons of lithium dihydrogen phosphate; 3000 tons of Litium Carbonate, and 2500 tons of battery grade lithium hydroxide.

The September issue of Mining Global Magazine is here!

Source: http://www.miningglobal.com/operations/2045/The-growing-demand-for-lithium

Tags: , ,
Posted in All Recent Posts, Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on The growing demand for lithium $DGO.ca $FMR.ca $BFF.ca $PFN.ca

Fairmont Consolidates Historic Quartzite Resource at Baie-Comeau $FMR.ca

Posted by AGORACOM-JC at 9:23 AM on Tuesday, August 2nd, 2016

Logo

  • Historic resource of 12.3 million short tons (11.2 million tonnes) of 99.20% SiO2 – “acceptable quality for ferro silicon” – Ferro Silicon sales price recently reported at CAN$100 per tonne

VANCOUVER, BRITISH COLUMBIA–(Aug. 2, 2016) – Fairmont Resources Inc. (TSX VENTURE:FMR) (“Fairmont”) announces that it has consolidated a historic resource of 12.3 million short tons (11.2 million tonnes) of 99.20% SiO2, 0.41% Al2O3, and 0.36% Fe2O3 (from GM Report 39387, 1982, page 6) by staking. The two additional claims staked which contain the historic resource and are contiguous to the original Baie-Comeau Quartzite claims that Fairmont Resources announced in a press release on January 23, 2015 (http://goo.gl/y1eR9z)

Map 1 Location of Baie-Comeau Quartzite Property

http://fairmontresources.ca/pdf/20160802%20Map%201.pdf

Table 1 – Historic Resource of Baie-Comeau Quartzite Property

Reserves Content %
Millions of short tons SiO2 Al2O3 Fe2O3
Pit 1 (level 810) 3.5 99.3 0.39 0.036
Pit 2 (level 840) 3.3 99.3 0.40 0.034
Pit 2 (level 810) 6.1 99.3 0.40 0.034
Geological Reserve 12.3 99.2 0.41 0.036
Conversion to metric tonnes 11.2 99.2 0.41 0.036

The Historic Resource was completed by Amtec Inc., of Ste-Foy, P.Q. on July 15, 1982 for their client Steep Rock Iron Mines Ltd.

The historical “estimated or drilled indicated tonnage” cited above is mentioned for historical purposes only and uses terminology not compliant with current NI 43-101 reporting standards. The reliability of these historical estimates is unknown but considered relevant by Fairmont as it represents significant targets for future exploration. The qualified person has done sufficient work to classify the historical estimate as a current mineral resource but Fairmont is not treating this historical estimate as a current mineral resource. Historical “estimated or drill indicated” is not equivalent to mineral reserves or resources as it is not supported by at least a preliminary feasibility study. In order to verify this as a current estimate, Fairmont will need to conduct additional exploration work in the form of diamond drilling to verify the historic data.

Map 2 Location of Historic Resource on Baie-Comeau Quartzite Property

http://fairmontresources.ca/pdf/20160802%20Map%202.pdf

Test work by Union Carbide Canada demonstrated that the quartzite from Baie-Comeau was acceptable for ferro-silicon production. In report GM 31179, a letter and results from Union Carbide Canada Limited are reported. Quoting from the letter “although the Al2O3 values tend to be on the high side, the quartz is of acceptable quality for ferro-silicon production”

In the recently filed Silicon Ridge Mineral Resource Estimate NI 43-101 Technical Report, dated July 20, 2016 by Rogue Resources, the optimized pit economic parameters included Ferro Silicon Grade quartz sales pricing at CDN$100 per tonne.

Table 2 Test Results from Union Carbide on Baie-Comeau Quartzite Property

Content % %
Hole and Intersection SiO2 Al2O3 Fe2O3 Cao Loss on Ignition
H1 75-80 99.05 0.12 0.25 0.01 0.3
H2 47-53.5 98.67 0.55 0.2 0.01 0.32
H2 94-100 98.8 0.55 0.16 0.01 0.23
H2 134-187 98.88 0.47 0.16 0.01 0.23
H2 189-190 98.87 0.56 0.14 0.01 0.17
H2 419-420 99.1 0.4 0.11 0.04 0.1
H2 947.5-950 99.07 0.37 0.13 0.06 0.12
H2 965-970 98.76 0.6 0.19 0.07 0.13
H4 125-150 99.05 0.4 0.12 0.06 0.12
H4 355-360 98.84 0.59 0.14 0.03 0.15

In GM30063, Watts, Griffis and McOuat Limited (‘WGM’) issued a report to Universal Minerals Corporation on the Baie-Comeau Silica Deposit, dated June 3, 1970. This is an earlier report based on less drilling and testing than the Amtec report of 1982. This earlier report calculated an ore reserved based upon a theoretical open pit with reserves of 3,500,000 tons grading approximately 98.5% Sio2, with waste rock of 100,000 tons and an estimated average overburden thickness of 1.5 feet. This report also stated that “Potential reserves on the property are many times this figure and could amount into the hundreds of millions of tons” and that “it is recommended that a decision be made to bring the property into production, providing other factors beyond the scope of this report are favourable”.

The Company advises a qualified person has not done sufficient work to classify the historical estimate as current mineral resources or mineral reserves as such the Company is not treating the historical estimate as current mineral resources or mineral reserves. The resource calculation was part of a Feasibility Report on the Baie-Comeau Silica Deposit of Universal Minerals Corporation, by Surveyer, Nenniger and Chenevery Inc., within the section Report To Universal Minerals Corporation on The Baie-Comeau Silica Deposit, Completed by Watt, Griffis and McOuat Limited date June 3rd, 1970. The historic estimate was based on five diamond drill holes total 3,309 feet and two trenches. The resource was not prepared under current CIM definitions of mineral resources.

Within GM30063 results and conclusions of test work using a 3 stage magnetic separator to increase the SiO2 purity. In the first stage of magnetic separation – free iron and iron bearing particles were liberated. In the second stage biotite and muscovite were separated. And in the third stage muscovite and stained silica particle with inclusions were separated. There was nearly a 7% loss of ore through this process, but the iron within the silica was reduced to 0.02% Fe2O3 with the recommended feed rate.

In GM30063 crushing and grinding testing was completed with Nordberg Manufacturing. Positive crushing and results at a rate of 50 tons per hour were achieved.

Testing by Lakefield Laboratories, also in GM30063, being able to increase silica grade to 99.16% SiO2 from 98.36% SiO2 head grade in test one, and 99.20% SiO2 from a head grade of 98.78% SiO2.

The work completed by Surveyer, Nenniger & Chenevert Consulting Engineers of Montreal, Quebec in GM 30063 added that “One of the prime advantages of the deposit is its nearby location to the Baie-Comeau all year round deep sea harbor, giving easy access to the Canadian and United States East Coast markets. The central portion of the deposit is located only 10 miles from the harbor.”

In GM20143 titled Baie-Comeau Quartzite Deposits Geological Report, received by Natural Resources Quebec on June 20, 1967, the author Laurier Juteau, Eng, states that “the quartzite is too massive and homogenous to reflect structure. Some irregular jointing is present, but no pattern was determined.” Juteau also states in the report “it is impractical to calculate the available tonnage which could exceed any anticipated requirements of local markets which may develop. The exposures are extensive and have heights ranging to 500 feet, which would assist any quarrying operations.”

In GM10368, in the Geological Report of Quartzite Deposit Baie-Comeau PQ by C.P. Robertson dated August 31, 1960 early test work demonstrated high grade SiO2 results. In an one set of results, a total of 112 surface samples of approximately 50 lbs each were blasted at five-foot intervals and the average assay of these was 99.0% SiO2, 0.77% Al2O3 and 0.22% Fe2O3. An additional 21 samples of approximately 10 lbs each were collected and analyzed as two composite samples which returned an average grade of 99.0% SiO2, and 0.58% Al2O3. From diamond drill holes, eleven 10-foot samples were selected of typical quartzite with an average grade of 98.64% SiO2, 0.58% Al2O3 and 0.16% Fe2O3. From this work it was concluded that the average grade of quartzite that could be produced was in above 98.5% SiO2.

Table 3 General Specifications for Different Uses Of Silica

(Source – Sidex (www.sidex.ca) Exploring for silica in Quebec)

http://fairmontresources.ca/pdf/20160802%20Table%203.pdf

The historical “estimated or drilled indicated tonnage” and metallurgical, market studies, and other test work cited above is mentioned for historical purposes only and uses terminology not compliant with current NI 43-101 reporting standards. The reliability of these historical estimates is unknown but considered relevant by Fairmont as it represents significant targets for future exploration. The qualified person has done sufficient work to classify the historical estimate as a current mineral resource but Fairmont is not treating this historical estimate as a current mineral resource. Historical “estimated or drill indicated” is not equivalent to mineral reserves or resources as it is not supported by at least a preliminary feasibility study. In order to verify this as a current estimate, Fairmont will need to conduct additional exploration work in the form of diamond drilling to verify the historic data.

All of the GM reports referenced to in this release are available: http://sigeom.mines.gouv.qc.ca/

Granitos de Badajoz (GRABASA)

Fairmont Resources is still in discussions with funding groups in the UK, Canada and USA with respect to the acquisition of Grabasa. Fairmont will provide an update on funding when agreements are in place.

Roger Ouellet, P. Geo, a Qualified Person as defined by NI 43-101, has reviewed and approved the technical information in this press release.

About Ferrosilicon

Ferrosilicon (FeSi) is used to remove oxygen from the steel and as alloying element to improve the final quality of the steel. Silicon increases namely strength and wear resistance, elasticity (spring steels), scale resistance (heat resistant steels), and lowers electrical conductivity and magnetostriction (electrical steels). Special FeSi like low Al, High Purity and low C ferrosilicon are used in the production of special steel qualities for transformers/motors, ball bearings and shock absorbers, tire cord steel and in stainless steel.

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have displayed exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Fairmont Resources Inc.
Michael A. Dehn
President and CEO
647-477-2382
[email protected]
www.fairmontresources.ca

QIS Capital
Doren Quinton
President
250-377-1182
[email protected]
www.smallcaps.ca

Tags: , , ,
Posted in Fairmont Resources | Comments Off on Fairmont Consolidates Historic Quartzite Resource at Baie-Comeau $FMR.ca

Initial Sample Results on the Preissac – La Corne Properties, Return up to 2.86 wt % Li2O $AIX.ca $FMR.ca

Posted by AGORACOM-JC at 11:25 AM on Thursday, July 28th, 2016

Initial Sample Results on the Preissac – La Corne Properties, Return up to 2.86 wt % Li2O
  • Samples were collected from the properties and submitted to ALS Chemex for assaying. Lithium oxide (Li2O) varied from 0.01% to 2.86 wt. %
  • Claims are located near the past producing Quebec Lithium Mine which was recently purchased by the Chinese-based Jilin Jien Nickel Industry Co. 

Vancouver, British Columbia  – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) is pleased to report the results from its due diligence program on three properties of the Company’s large Preissac-La Corne portfolio in the Abitibi Greenstone Belt of Quebec. As previously reported (PR of July 6, 2016) a total of 12 granitic pegmatite samples were collected from the properties and submitted to ALS Chemex for assaying. Lithium oxide (Li2O) varied from 0.01% to 2.86 wt. %. Alix Resources claims are located near the past producing Quebec Lithium Mine which was recently purchased by the Chinese-based Jilin Jien Nickel Industry Co. (“Jilin”).

  • International Lithium Property – Mineralization consists of spodumene-rich sub-horizontal, irregular dikes located in Figuery township (NTS 32D08). Surface samples were collected and returned an average of 2.41 % Li2O with above-limit tantalum concentrations (>100 ppm) as well. Historic drilling carried out by International Lithium Corp. in the 1950s, delineated a 3.7-metre-thick, 119 by 104 m area providing a historical resource estimate of 135,000 t at 0.95 wt. % lithium oxide (Li2O) (source: RP 446; MERQ).*
  • Duval Lithium Property – Situated in the La Motte township (NTS 32D8), the Duval property mineralization is contained within two granitic pegmatite dikes (182 to 259 m long by two to three m- thick), rich in spodumene (Li) with accessory tantalite (Ta) and Beryl (Be). Collected surface samples averaged 0.43 wt. % Li2O with values ranging from 0.02 wt. % to 0.82 wt. % Li2O. The Duval property area has a historical resource estimates were 75,000 t at 1.45 wt. % Li2O (source: RG160; MERQ).*
  • La Motte Lithium Property – Geological reports on the property located in the La Corne township (NTS 32D08), indicate granitic pegmatites dikes, 0.60 to 1.20 m thick, containing 15 to 30 % spodumene accompanied by beryl. Historical diamond drilling generated key assays of 1.65 wt.% Li2O /1m, and 1.12 wt. % Li2O/1.32 m, respectively (source: GM 03089; MERQ). Selected surface samples show values ranging from 0.65 wt. % to 1.58 wt. % Li2O with an average of 1.22 wt. % Li2O.

Mike England, President and CEO of Alix Resources, commented, “We are pleased to receive confirmation of the strong lithium values from the three properties sampled. The Company is looking forward to complete more extensive exploration activities on this large claim group in the Preissac-Lacorne area of Quebec, one of the world’s most productive terranes for Li ± Ta ± Be mineralization”.

The technical contents of this release were approved by Michel Boily, PhD, P.Geo a Qualified Person as defined by National Instrument 43-101. The properties have not been the subject of a National Instrument 43-101 report.

Alix Resources is a junior mining exploration company focused on seeking and acquiring lithium projects globally. Alix continues to evaluate suitable prospects that fit the mandate of the Company.  The Company now has active lithium projects in Nevada, Mexico and Ontario.

*The estimates presented above are treated as historic information and have not been verified or relied upon for economic evaluation by the Company. These historical mineral resources do not refer to any category of sections 1.2 and 1.3 of the NI-43-101 Instrument such as mineral resources or mineral reserves as stated in the 2010 CIM Definition Standards on Mineral Resources and Mineral Reserves. The explanation lies in the inability by the Company to verify the data acquired by the various historical drilling campaigns. The Company has not done sufficient work yet to classify the historical estimates as current mineral resources or mineral reserves.

 

ON BEHALF OF THE BOARD

 

“Michael England”

                                                                       

Michael England, President, CEO, Director

 

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions.  Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at www.sedar.com).

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/alix07282016.pdf

Tags: , ,
Posted in Fairmont Resources, Small Cap Lithium Stocks | Comments Off on Initial Sample Results on the Preissac – La Corne Properties, Return up to 2.86 wt % Li2O $AIX.ca $FMR.ca

Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

Posted by AGORACOM-JC at 8:09 AM on Wednesday, July 27th, 2016
  • Tesla officially opened its Gigafactory on Tuesday
  • Could nearly double the world’s production of lithium-ion batteries.
  • Factory is about 14 percent complete
  • When finished, it will be about 10 million square feet, or about the size of 262 NFL football fields

Sparks, Nev. (AP) — It’s Tesla Motors’ biggest bet yet: a massive, $5 billion factory in the Nevada desert that could nearly double the world’s production of lithium-ion batteries.

Tesla officially opened its Gigafactory on Tuesday, a little more than two years after construction began. The factory is about 14 percent complete, but when it’s finished, it will be about 10 million square feet, or about the size of 262 NFL football fields. That will make it one of the largest buildings in the world.

The factory is key to the future of Palo Alto, California-based Tesla. The 13-year-old electric car company, which has never made a full-year profit, wants to transition from a niche maker of luxury vehicles to a full-line maker of affordable cars, pickups and even semi-trucks. It also runs Tesla Powerwall, a solar energy storage business for homes and businesses.

The company says making its own lithium-ion batteries at the scale the Gigafactory will allow will reduce its battery costs by more than a third by 2018. Tesla CEO Elon Musk said the factory could easily employ 10,000 people in the next three to four years.

An inside view of the Tesla Gigafactory. g
An inside view of the Tesla Gigafactory. g
Photographer: Troy Harvey/Bloomber

Most immediately, Tesla needs the batteries for its fourth car, the Model 3 sedan, which is scheduled to go on sale at the end of next year. At a starting price of around $35,000, the Model 3 will be Tesla’s least expensive vehicle, partly because of battery cost reductions. The batteries for Tesla’s current vehicles, the Model S sedan and Model X SUV, are made in Japan.

Tesla unveiled the Model 3 at the end of March. Within a week, more than 325,000 people had put down a $1,000 deposit to reserve the car. After seeing that level of demand, Tesla moved its production plans forward. The company now says it will make 500,000 vehicles per year by 2018, two years earlier than scheduled.

To meet that goal, Gigafactory construction is proceeding at a furious pace. Inside the factory, Tesla’s partner, Panasonic Corp. — which has invested $1.6 billion into the factory — is installing machines in sealed, humidity-controlled rooms that will start making battery cells before the end of this year.

Close all those tabs. Open this email.
Get Bloomberg’s daily newsletter.

Panasonic is also shipping cells from Japan to the Powerwall business, which is operating in another section of the factory. Robots are used to place battery packs into home and office units, which store energy from solar panels and allow users to tap it during peak periods. Musk said the Powerwall business will initially make up about one-third of the Gigafactory’s output, but eventually could expand to around half.

Outside, nearly 1,000 workers are laying the groundwork for the factory’s expansion, digging trenches and erecting steel supports in the hot, dusty valley. By the second quarter of 2017, 31 percent of the factory will be completed. Eventually, the roof will be covered in solar panels.

Musk noted that some of the area’s 10,000 wild horses often drink from the ponds at the construction site. Nevada won the factory thanks in part to $1.3 billion in tax incentives, which will benefit Tesla over a 20-year period.

“I find this to be quite romantic,” he said. “It feels like the wild West.”

The factory’s name stems from “giga,” a unit of measurement that represents billions. One gigawatt hour is the equivalent of generating one billion watts for one hour — one million times that of one kilowatt hour.

Tesla says the factory will be producing 35 gigawatt hours of batteries by 2018. That’s the equivalent to the entire world’s production in 2014. Tesla CEO Elon Musk has said the factory has the capacity to produce 150 gigawatt hours if it needs to. To put that in context, New York City uses around 52 gigawatt hours of energy per year.

Analysts say bringing battery production in-house, instead of buying batteries like General Motors Co. and other major automakers do, can help bring down costs, but also leaves Tesla exposed. If the Model 3 is delayed, for example, or customers’ deposits don’t turn into actual sales, Tesla will have extra batteries on its hands and no way to recoup its costs.

“They could be left with a lot of excess capacity in the near term,” said Sam Abuelsamid, an analyst with Navigant Research. Abuelsamid says there’s also the possibility that advances in battery technology in the longer term could force Tesla to make expensive new investments.

There are also competitors who could derail Tesla’s dreams. Chinese automaker BYD Co., which is backed by Warren Buffett’s Berkshire Hathaway Corp., also makes batteries and energy storage systems and is already building battery-powered buses in the U.S. The company hopes to bring low-cost electric cars to the U.S. in a few years.

Musk says there are still plenty of ways for Tesla to reduce costs, including making its factories more efficient and eventually building more battery factories in Europe, China and other regions where its cars are sold.

The company also is using a different type of battery cell in the Model 3 than it did in the Model S and Model X in an effort to reduce costs.

Source: http://www.bloomberg.com/news/articles/2016-07-26/tesla-opens-gigafactory-to-expand-battery-production-sales?utm_content=business&utm_campaign=socialflow-organic&utm_source=twitter&utm_medium=social&cmpid%3D=socialflow-twitter-business

Tags: , , , , ,
Posted in Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Tesla Opens Gigafactory to Expand Battery Production, Sales $FMR.ca $DGO.ca $PFN.ca $BFF.ca

New Lithium Discovery on property 2.5 km due West of Fairmont’s Rome Lithium Property $FMR.ca

Posted by AGORACOM-JC at 10:38 AM on Tuesday, July 26th, 2016

Logo

FMR: TSX-V

Great news out this morning from Australia where Platypus Minerals announced the acquisition and discovery of a new lithium occurrence about 2.5 km due west of FMR’s Rome Lithium property (see map below, also attached as a pdf).

The full Platypus release is also attached with lots of photographs of the discovery mineralization.

FMR now has lithium occurrences/deposits due east, due west and due north of the Rome Property Sounth Block.

Hub On AGORACOM / Corporate Profile

Tags: , , , ,
Posted in Fairmont Resources | Comments Off on New Lithium Discovery on property 2.5 km due West of Fairmont’s Rome Lithium Property $FMR.ca

Why lithium will see another price spike this fall $DGO.ca $BFF.ca $FMR.ca $PFN.ca

Posted by AGORACOM-JC at 12:08 PM on Friday, July 22nd, 2016
  • Lithium has been the hottest metal of 2016, beating out gold,
  • Exponential demand expected over the coming years
  • Fundamentals behind the long-term trajectory suggest strong potential for long-term growth

By James Stafford

July 19, 2016 • Reprints

So far, lithium has been the hottest metal of 2016, beating out gold, with exponential demand expected over the coming years. Although the price trajectory of the metal has been subdued in recent months, the fundamentals behind the long-term trajectory suggest strong potential for long-term growth. Price doubling from 2014-2015 was first seen in China and is now being felt worldwide, with lithium hydroxide prices from $16-20 and carbonate prices from $12,000-14,000 per ton.

Automotive thrust

There is no doubt as to the push that Tesla has given the current automotive transition to electric vehicles (EVs). As the company’s mission statement outlines, it hopes “to accelerate the advent of sustainable transport by bringing compelling mass market electric cars to market as soon as possible.”

However, since 2014, when Tesla first announced the Gigafactory with Panasonic, other manufacturers have begun to take notice and take action. Volkswagen AG announced last week that it was considering LG Chem Ltd. or Panasonic Corp. as partners for several $2 billion factories, according to Bloomberg, with confirmation expected later in the year.

Previous announcements of billion-dollar investments in battery factories by Volkswagen were largely brushed off by investors as deflections from their “Dieselgate” scandal. But with LG and Panasonic in the picture, concrete plans appear to be crystalizing.

Combined with Daimler putting $550 million into tripling its battery production capacity in Germany, Nissan’s planned investments in the UK for its third generation Leaf, and GM’s joint venture with LG Chem to produce batteries in Holland, Michigan, for its Volt and Bolt, it is clear that auto manufactures are beginning to shift to electric—and in a very big way.

Given this new investment, plug-in electric vehicle (PEV) sales are expected to experience 62% year-over-year Growth in 2016, 60% in 2017, and likely 100% in 2018. This translates into over 600,000 in PEV sales expected in 2018, creating a new level of demand for which the market will need two new lithium mines in operation to even begin to satiate.

“Looking at the full picture here, the future demand for lithium is truly staggering,” says Michael Kobler, CEO and director of American Lithium Corp., one of the ambitious new explorers shaking up the lithium mining scene in Nevada.

Read entire article here: http://www.resourceinvestor.com/2016/07/19/why-lithium-will-see-another-price-spike-fall

Tags: , , , , ,
Posted in Durango Resources, Fairmont Resources, Nevada Energy Metals, Pacific North West Capital, Small Cap Lithium Stocks | Comments Off on Why lithium will see another price spike this fall $DGO.ca $BFF.ca $FMR.ca $PFN.ca

Fairmont Exclusivity Period for Grabasa Asset Purchase $FMR.ca

Posted by AGORACOM-JC at 1:30 PM on Tuesday, July 19th, 2016

Logo

  • Fairmont intends to make the final payment on the Grabasa purchase of 2,550,000 Euros to the Spanish courts before the expiry of the exclusivity period on July 25, 2016
  • Transaction itself will remain valid and does not expire after that date, but the courts and receivers will be able to discuss the assets of Granitos de Badajoz with other potential purchasers should Fairmont not complete the payment terms of the purchase

VANCOUVER, BRITISH COLUMBIA–(July 19, 2016) – Fairmont Resources Inc. (TSX VENTURE:FMR)(OTC:FRSSF)(FRANKFURT:F0O1) (“Fairmont”) Fairmont intends to make the final payment on the Grabasa purchase of 2,550,000 Euros to the Spanish courts before the expiry of the exclusivity period on July 25, 2016.

The Grabasa transaction purchase exclusivity period expires 90 days from April 26, 2016. The transaction itself will remain valid and does not expire after that date, but the courts and receivers will be able to discuss the assets of Granitos de Badajoz with other potential purchasers should Fairmont not complete the payment terms of the purchase.

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
250-377-1182
[email protected]
www.smallcaps.ca

Tags: , , , , ,
Posted in All Recent Posts, Fairmont Resources | Comments Off on Fairmont Exclusivity Period for Grabasa Asset Purchase $FMR.ca

Fairmont Completes 150,000 Euro Deposit for Grabasa Asset Purchase $FMR.ca

Posted by AGORACOM-JC at 1:05 PM on Thursday, June 23rd, 2016

Logo

  • Deposit of 150,000 Euros paid by Fairmont to court in Spain with respect to Spanish Granite (Grabasa) assets acquisition
  • Discussions with potential lenders ongoing
  • Fairmont expects signed letter of intent for debt financing in the coming week
  • US market for dimensional stone, which includes granite and marble, was more than US$2.5 billion in 2014

VANCOUVER, BRITISH COLUMBIA–(June 23, 2016) – Fairmont Resources Inc. (TSX VENTURE:FMR)(OTC:FRSSF)(FRANKFURT:F0O1) (“Fairmont“) is pleased to announce that a deposit of 150,000 Euros was sent by Fairmont and received by the court in Spain with respect to the Granitos de Badajoz S.A. (“Grabasa”) assets acquisition. This is in addition to the 60,000 Euros deposit made on behalf of Fairmont Resources by Eureka Consulting, previously announced in the Fairmont news release of March 21, 2016.

Discussions with potential lenders for the remainder of the acquisition are ongoing. Fairmont expects to receive a signed letter of intent for debt financing in the coming week.

As first reported by Aggregate Business Europe in the article titled, “Dynamic Start to 2016 for European Construction Equipment Sales” (http://goo.gl/8XlXvH), it quotes the Committee for European Construction Equipment stating an “encouraging opening period of 2016 was driven by the robust recovery of the French market, the continuation of the recovery in Southern Europe and the stability of the Western European market as a whole” in construction equipment sales. Fairmont sees this as continued positive signs in European construction recovery as well as for future demand for construction and renovation material including granite.

In the Winter 2015-2016 Gilbane Construction Economics Market Conditions in Construction report for the US, it is reported that “2015 is a breakout year for nonresidential buildings construction spending, expected to finish at 17% growth. With expected growth of more than 13% in 2016, the three year period of 2014-2016 could reach historic growth.” Fairmont sees this as a positive sign for granite and marble demand in the US. The US market for dimensional stone, which includes granite and marble, was more than US$2.5 billion in 2014, with more than $2.0 billion being dominated by imported material that would be a target market for GRABASA.

Michael Dehn, President and CEO Of Fairmont Resources stated, “This is an exciting opportunity for Fairmont to acquire one of the premier granite producing assets in Europe. Fairmont management sees additional opportunities to expand sales into worldwide markets without the requirement of expensive upgrades or facility expansions. Once all of the necessary financing is in place, Fairmont plans to move rapidly into selling existing granite inventory and recommencing production for continuing sales.”

About Fairmont

Fairmont Resources Inc. is a rapidly growing industrial mineral and dimensional stone company trading on the Toronto Venture Exchange symbol FMR.

Fairmont’s Quebec properties cover numerous occurrences of high-grade titaniferous magnetite with vanadium, with the Buttercup property having a permit to quarry dense aggregate. Where these occurrences have been tested they have display exceptional uniformity with respect to grade. Fairmont also controls three quartz/quartzite properties, with the Forestville property having independent end user testing confirming the suitability of quartzite from Forestville for Ferro Silicon production. Fairmont is also in the process of acquiring the assets of Granitos de Badajoz (GRABASA) in Spain which includes 23 quarries and a 40,000 square metre granite finishing facility that has produced finished granite installed across Europe.

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Fairmont cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Fairmont’s control. Such factors include, among other things: risks and uncertainties relating to Fairmont’s exploration program of its mineral properties and Fairmont’s limited operating history. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information. Except as required under applicable securities legislation, Fairmont undertakes no obligation to publicly update or revise forward-looking information.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

Michael A. Dehn
President and CEO
Fairmont Resources Inc.
Tel: 647-477-2382
[email protected]
www.fairmontresources.ca

Doren Quinton
President
QIS Capital
Tel: 250-377-1182
[email protected]
www.smallcaps.ca

Tags: , , , , , ,
Posted in All Recent Posts, Fairmont Resources | Comments Off on Fairmont Completes 150,000 Euro Deposit for Grabasa Asset Purchase $FMR.ca

« Older Entries
Newer Entries »