#Lithium #Stocks to
Watch (CSE: $GEMS.CN) (OTC: $TLOOF) (TSXV: $PMET.V) (TSXV: $ABR.V) (OTC: $CXOXF)
(NASDAQ: $TSLA) (TSXV: $RCK.V) (OTC: $MGBAF) @GEMS_ISV @Patriot_Battery
@CorpArbor @CoreLithium @tesla @RockTechLithium @MercedesBenz
The Electric Future of #Lithium as it Aims to Meet the Global #EV
Demand
Vancouver,
Kelowna, Delta, BC – September 2, 2022 -
Investorideas.com, a
leading investor news resource covering lithium mining and EV stocks releases a
special report on the continued demand for lithium, featuring Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:TLOOF).
Infinity Stone's mission is to be a diversified, single source supplier for the
critical energy metals being used in the clean energy revolution.
Read this in full
at https://www.investorideas.com/news/2022/mining/09021Lithium-Stocks.asp
As
more countries push forward with their green energy initiatives, the EV sector
is driving growth for new lithium mining developments.
In
recent news, “The global lithium-ion battery market is
expected to grow by a factor of five to 10 in
the next decade. Reaching aggressive targets for electric
vehicles (EVs) and battery-based energy storage system production relies
on materials such as lithium and rare earth metals.
However, material shortages could stall the manufacturing of some clean energy
technologies, which is concerning from a climate perspective.”
Lithium
is a critical material in manufacturing the batteries used in EVs and energy
storage systems. However, from September 2021 to March 2022, the
price of the element increased by more than 400 percent,
though it has recently leveled off. Nevertheless, skyrocketing material costs
will result in higher prices for consumers.
Joe
Lowry of Global Lithium doesn’t expect future lithium supplies to keep up with
demand. “In the next two years, even though there will be significant growth in
supply, it will be less than demand, so the gap will just continue to grow,” he
explained in a recent
interview with Bloomberg.
So
how are companies looking to address this supply shortage right now?
Infinity Stone
Ventures Corp. (CSE:GEMS) (OTC:TLOOF) recently announced that
it has entered into an option agreement
to acquire, from an arm’s length party, a 100% interest in and to the Taiga
Lithium Project adjacent to Patriot Battery
Metals (TSXV:PMET) Corvette Lithium
discovery in the James Bay Region of Quebec.
Patriot Battery Metals has made several recent announcements with regard
to their project, including their announcement
on August 10, 2022 identifying "a total of thirty-one (31)
spodumene-bearing pegmatite outcrops identified, including twenty (20) outcrops
with estimated >5% modal spodumene
content”.
The
923-hectare Taiga Lithium Project is located 3.4 kilometres west of Infinity
Stone’s Camaro Property, directly adjacent to Patriot Battery Metals Inc.’s
Corvette Property, in the James Bay Region of Quebec, approximately 235
kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree
village municipality of Nemaska. The northern edge of the Project is located
approximately 15 kilometres south of the Trans-Taiga road and transmission
line. The region has been historically explored for its rich gold, copper,
silver, base metal and PGE deposits.
“Infinity
Stone is excited to further increase our position in the rapidly expanding
James Bay Lithium District. Our team is hopeful that the identified LCT
pegmatite trend in the corridor presents a number of occurrences trending
northeast to southwest,” said Michael Townsend, Executive Chairman of Infinity
Stone. “The Taiga Lithium Project is strategically positioned with existing mapped pegmatites that present
significant discovery potential given recent developments from other operators
in the region,” further stated Mr. Townsend. “It is evident from regional
mapping that there is a high potential there are additional pegmatites present
on the Project,” concluded Mr. Townsend.
The
addition of the Taiga Lithium Project to Infinity Stone’s existing land
position in the area, being the Camaro Project, brings the Company’s total land
position in the area to 1,282 hectares.
Patriot
has been conducting grassroots exploration on the gold, copper, silver,
molybdenum and PGE showings across its FCI and Corvette properties for several
years. In 2017, Patriot discovered the CV Lithium Trend.
During
the 1950s, lithium gained importance as a component of nuclear
bombs and pharmaceuticals, and the area around Kings Mountain, near Charlotte,
saw a major boom in mining. For about 30 years, the region supplied almost
all the lithium in the world. Then in the
1980s, production moved to lower-cost operations overseas. Today, less than 1
percent of global lithium is mined in the United States, all from one mine in
Nevada; the vast majority comes from Chile, Australia, and China.
Last
summer, President Joe Biden signed an executive order calling for electric
vehicles, which depend on lithium-based batteries, to make up 50 percent of all
new vehicle sales by 2030. The Inflation Reduction Act, recently
signed into law, aims to incentivize a domestic battery
supply chain, providing tax
breaks for mines and credits for electric cars and grid
storage applications when a percentage of the battery is produced or recycled
in the US.
Last
year, Arbor Metals Corp. (TSXV:ABR) announced
that, through its wholly-owned subsidiary Arbor Metals USA
Corp., that it had secured 100% ownership of the Miller’s Crossing Lithium
Project, Big Smoky Valley Nevada USA. The Miller’s Crossing project consists of
192 claims covering 3,800 acres in the Big Smoky Valley. The Project fits well
into the playa-type brine deposit model as it is located adjacent to, and
shares geological similarities with Clayton Valley, home to the only lithium
producing brine operation in North America.
Not
only have we witnessed an uptake in interest in lithium mining in the US but
also in countries like Australia where, in
recent news,
Core Lithium Ltd (OTC:CXOXF) has
come to a mutual agreement with electric car giant Telsa Inc. (NASDAQ:TSLA) to extend the termination date for its binding
offtake term sheet to October 26, 2022.
The
agreement gives Tesla and Core the opportunity to finalise
negotiations for the definitive full form binding offtake agreement, which
would see Core supply Tesla with up to 110,000 dry metric tonnes of lithium
spodumene concentrate produced at Core's Finnis Lithium Project near Darwin.
This offtake is expected to start in 2023.
In
the last four weeks, Core has presented plenty of news for investors to think
about, including the start
of a reverse circulation (RC) drilling campaign of more
than 40,000 metres of greenfields and brownfields target areas at Finnis and
the appointment
of resources sector veteran Gareth Manderson as CEO
of the Company.
Core
is building Finnis, described as Australia's newest and most advanced lithium
project on the ASX, in the Northern Territory. Finnis has been awarded Major
Project Status by the Australian Federal Government and is one of the most
capital-efficient lithium projects with arguably the best logistics chain to
markets of any Australian lithium project. The Finnis Project is expected to
provide the globe with high-grade and high-quality lithium suitable for lithium
batteries used to power electric vehicles and renewable energy storage.
We are also seeing similar
developments in Canada with Rock Tech
Lithium Inc (TSXV:
RCK)
(OTCQX:
RCKTF) and Mercedes-Benz
AG (OTC:MGBAF) having
recently announced that they are about to enter into an
agreement which provides for a strategic partnership to produce high-quality
lithium hydroxide for the automaker and its battery suppliers. Under the
intended binding agreement, Rock Tech has agreed to deliver up to 10,000 tonnes
per year of its planned production to the premium manufacturer and its partners
starting in 2026.
Mercedes-Benz wants to become fully
electric by the end of the decade. From 2025 onwards the luxury carmaker plans
that all newly launched vehicle architectures will be all electric. To help
make this a reality, Mercedes-Benz intends to enter a strategic partnership
with Rock Tech, lasting for at least five years and an option to prolong.
From 2026 onwards, it is envisaged
that Rock Tech contributes up to 10,000 tonnes of lithium hydroxide annually to
Mercedes-Benz and its battery partners, starting with a qualification period
and after quality and sustainability benchmarks have been met. This
battery-grade lithium product is an essential component of high-performance
vehicle batteries. The Canadian-German Rock Tech expects to become a central
implementation partner for the automaker and its all electric and carbon
neutral strategies.
"Mercedes-Benz plans to go all
electric by the end of this decade, wherever market conditions allow. To scale
up our electric vehicle production, access to raw materials is needed to
improve the resilience and sustainability of the electric vehicle supply chain.
With the Rock Tech partnership we intend to take a direct sourcing approach to
secure the lithium supply for Mercedes-Benz battery production," says
Markus Schaefer, Member of the Board of Management of Mercedes-Benz Group AG,
Chief Technology Officer, responsible for Research & Development and
Procurement.
As lithium mining and production
spreads out globally in this “new era gold rush” we can expect in the near term
to see a slight price drop and an increase in supply, however many EV producers
are still far from scale production, which will be when the real test begins
for many of these operations. We are witnessing a race between EV producers and
the mining facilities they depend on for who can reach their target scale
production first and while at the moment we are seeing growth and renewed
investor interest in both sectors, we still face the question of will it be
enough for this Green Revolution ?
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