Developments in Tantalum and Lithium Markets
NEW YORK, January 18, 2018 /PRNewswire/ --
According to a report by Technavio, the global tantalum market is anticipated to grow at a steady rate and will post a CAGR of more than 3% during the forecast period of 2017-2021. The report indicates that an increasing penetration of smartphones is triggering the demand for capacitors [http://www.technavio.com/report/global-tools-and-components-global-low-voltage-ceramic-capacitor-market-2017-2021 ] , which will drive the growth prospects for the global tantalum market for the next four years. The shipment for smartphones are likely to increase by 1.3 billion units in the next few years, which a direct impact of developing economies adopting technology and developing internet infrastructures. Similarly, the lithium market is expected to grow in demand, as Li-ion batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs). A report by Global Market Insights, Inc. indicates that the global Lithium Ion Battery Market is expected to surpass USD 60 billion by 2024. Power Metals Corp. (OTC: AOUFF), Advantage Lithium Corp. (OTC: AVLIF), Lithium X Energy Corp. (OTC: LIXXF), Galaxy Resources Limited (OTC: GALXF), Pilbara Minerals Limited (OTC: PILBF)
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."
Power Metals Corp. (OTC: AOUFF) is also listed on the TSX Venture Exchange under the ticker symbol 'PWM'. Earlier today the company announced, "drill hole assays for lithium (Li) and tantalum (Ta) mineralized intervals for the Main Dyke at Case Lake, east of Cochrane, Ontario. Significant intervals for the Main Dyke include:
- PWM-17-35: 1.17 % Li2O and 165.34 ppm Ta over 8.0 m
- PWM-17-40: 2.07 % Li2O and 213.96 ppm Ta over 18.0 m
- PWM-17-40: 2.81 % Li2O and 143.33 ppm Ta over 7.0 m
Power Metals is also pleased to announce drill hole assays for the two new spodumene pegmatite dykes that were discovered down hole of the Main Dyke near the end of the 2017 drill program (Power Metals press release dated Nov. 27, 2017). The first new dyke was intersected in PWM-17-42 and 43 and then targeted to intersect it again in PWM-17-44 and 49. This new dyke is located 20-40 m down hole from the Main Dyke and 35-40 m vertical depth from the surface. The second new dyke was intersected in PWM-17-42 and 49. It is located 50 m down hole from the Main Dyke and 50-80 m vertical depth from surface. Both new dykes are open in all directions. Drilling is required to define these new dykes.
Assay highlights for the first new dyke include:
- PWM-17-42: 0.99 % Li2O and 88.33 ppm Ta over 3.0 m
- PWM-17-43: 0.85 % Li2O and 94.10 ppm Ta over 1.15 m
- PWM-17-44: 1.11 % Li2O and 73.0 ppm Ta over 6.42 m
Power Metals has an ongoing 2000 m drill program on the Northeast Dyke that started January 10th, 2018.
Dr. Selway, VP of Exploration stated "The assay highlights for hole 40 are spectacular with 18.0 m of 2.07 % Li2O and I look forward to reviewing the assays for the remaining holes of the drill program. The assays for the first new dyke suggest that this dyke has real exploration potential and is a future target. During the first few days of drilling on the Northeast Dyke we have been thrilled with what we have seen to date. We will provide updates as they become readily available."
The drill core was sampled so that 1 m of the Case Batholith tonalite host rock was sampled followed by 1 m long samples of the pegmatite dyke and 1 m of the Case Batholith. The sampling followed lithology boundaries so that only one lithology unit is within a sample, except for the < 20 cm pegmatite veins in tonalite which were merged into one sample. The drill core samples were delivered to Actlabs preparation lab in Timmins by Power Metals' geologists. The core was crushed and pulverized in Timmins and then shipped to Actlabs analytical lab in Ancaster which has ISO 17025 certification. Every 20 samples included one external quartz blank, one external lithium standard and one core duplicate. The ore grade Li2O% was prepared by sodium peroxide fusion with analysis by ICP-OES with a detection limit of 0.01 % Li2O.
Case Lake Property is located in Steele and Case townships, 80 km east of Cochrane, NE Ontario close to the Ontario-Quebec border. The Case Lake pegmatite swarm consists of five dykes: North, Main, South, East and Northeast Dykes. The Northeast Dyke contains very coarse-grained spodumene. Power Metals has an 80% interest with its 20% working interest partner MGX Minerals Corp."
Advantage Lithium Corp. (OTCQX: AVLIF) is a company specializing in the strategic acquisition, exploration and development of lithium properties. On January 17th, Advantage Lithium Corp announced an update on the brine sampling of diamond core hole CAU15 in the south of the previously undrilled NW Sector of the Cauchari JV property located in Jujuy Province, Argentina. President & CEO, Mr. David Sidoo, commented: "With the results from CAU15 we now have important additional information in the NW Sector that suggests the potential for excellent hydraulic parameters in this area, with an abundance of sandy units that are likely to support relatively high brine flow rates. The Mg/Li ratio is broadly similar to other holes in the project area and confirms the expectation of applying the conventional Olaroz process to the Cauchari brine. We will evaluate the high grade brine further in the deepening of CAU07, with preparations underway to drill holes CAU17 and CAU18 as part of the 2018 drilling program in the NW Sector."
Lithium X Energy Corp. (OTCQX: LIXXF) is a lithium exploration and development company with a goal of becoming a low-cost supplier for the burgeoning lithium battery industry. Lithium X Energy Corp. and Nextview New Energy Lion Hong Kong Limited announced on December 18th, that they have entered into a definitive agreement, pursuant to which NextView has agreed to acquire all of the issued and outstanding common shares and warrants of Lithium X (the "Arrangement"). Lithium X's flagship project, Sal de los Angeles lithium brine project, as well as Arizaro Lithium Brine Project are located in the prolific "Lithium Triangle" in mining friendly Salta province, Argentina. Lithium X Chairman, Paul Matysek and Brian Paes-Braga, Founder, CEO and Director, stated: "We believe this $265 million transaction puts our flagship asset, Sal de los Angeles, in the hands of a well-funded, technically capable team."
Galaxy Resources Limited (OTC: GALXF) is an international company with lithium production facilities, hard rock mines and brine assets in Australia, Canada and Argentina. On December 4th, Galaxy Resources Limited announced a significant mineral resource upgrade resulting from the 2017 drilling campaign at the James Bay Project in Quebec, Canada. Managing Director of Galaxy Resources, Anthony Tse said, "One of the key attributes of the James Bay project is that due to its high grade, scale, low stripping ratio and superior location, it will be one of the lowest cost hard rock lithium projects in the world. The pegmatite system is substantial in size and the deposit remains open at depth and also open to the east, which offers significant potential for growth, both in terms of the resource and ultimately future ore reserve."
Pilbara Minerals Limited (OTC: PILBF) is an emerging lithium and tantalum producer focused on the development of its 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. Pilgangoora has been confirmed as one of the largest spodumene (lithium pyroxene) and tantalite projects in the world and is set to be developed into one of the world's largest lithium mines, also producing tantalite as a valuable by-product. The ability to manufacture high-value battery-grade lithium products through downstream processing has the potential to deliver significant additional value for Pilbara in the years ahead, with global demand for lithium-ion batteries expected to experience unprecedented growth over the coming decades.
Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia
Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz
Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz
Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz
About FinancialBuzz.com
FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.
Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For power metals corp. financial news dissemination and PR services, FinancialBuzz.com has been compensated five thousand dollars by lake front enterprises. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.
For further information:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com
