FinancialBuzz.com: Lithium Market Showing Strength

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Jan 31, 2017, 08:12 ET

NEW YORK, January 31, 2017 /PRNewswire/ --

In recent years, lithium has become a mineral that has attracted not only technology companies, but also automotive manufacturers, to invest in research and projects improving the effectiveness of ion batteries. The lithium batteries are widely used in electronic devices, such as smartphones and tablets, and in recently are gaining popularity as the energy sources behind electric vehicles. According to Allied Market Research the global lithium-ion market is expected to reach a value of $46.21 billion by 2022, growing at a CAGR of 10.8% from 2016. LiCo Energy Metals Inc. (OTC: WCTXF) (TSX-V: LIC.V), Galaxy Resources Limited (OTC: GALXF), Lithium Americas Corporation (OTC: LACDF), Pure Energy Minerals Limited (OTC: PEMIF), Advantage Lithium Corporation (OTC: AVLIF)

The research indicates that the lithium-ion battery industry is highly fragmented with a large number of domestic players that comprise approximately 60% of the total market share. Among the different market players present, Panasonic Corporation, which dominated in 2015, contributing 15.6% to the global share. However, the market share of Panasonic Corporation is expected to decrease in the coming years due to the increasing competition among prominent players to acquire major portion of the market, and because of new players gaining ground.

LiCo Energy Metals Inc. (OTCQB: WCTXF) (TSX-V: LIC.V) is a Canadian company that conducts exploration for metals used in the production of lithium-ion batteries. The company has four ongoing projects in mining-friendly jurisdictions within Canada, United States, and Chile.

LiCo Energy Metals Inc. announced earlier today, "the appointment of Mr. Dwayne Melrose as Director of the Company and Chair of the Company's Technical Advisory Board. In addition to being a seasoned Director of a public mining company, Mr. Melrose has over 30 years' experience in the mining industry where he has been very successful in advancing three significant exploration projects towards production.

Under his leadership as President/CEO of True Gold Mining Inc., True Gold progressed from an exploration company into a fully permitted and financed company in mine construction in just over 3 years. Mr. Melrose was instrumental in re-focusing the project from a high Capex project into a low Capex high margin, heap leach project, in addition to the company completing over $200 million in equity and debt financing.

Mr. Melrose spent over twenty years with Cameco Corporation/Centerra Gold Inc. working in a variety of different geographic locations and business environments (Canada, USA, Kyrgyzstan and Kazakhstan). Here, Mr. Melrose was directly responsible for the exploration team and its programs at the Kumtor Gold Mine where he significantly increased the reserves and resources at the mine. Mr. Melrose joined the Minco Mining Group in 2007, where the company successfully progressed from exploration into development stage and greatly increased in shareholder value. Mr. Melrose was directly responsible for defining the Fuwan silver deposit (157 million ounces).

"We are very pleased to have such an accomplished person join our team," commented Tim Fernback, COO of LiCo Energy Metals Inc. "His experience in taking projects towards production will provide great benefits for LiCo shareholders as we advance and fund our lithium and colbalt exploration projects. Dwayne's addition to our team is the first of many steps towards growing our company's depth in experience. Dwayne is very well known by global funders, presenting companies projects, including delivering investment presentations at major conferences to investment Companies in various cities within Canada, United States, Switzerland, Germany and the UK."

Global lithium-focused resources company, Galaxy Resources Limited (OTC: GALXF) has assets crossing Australia, Canada and Argentina. Galaxy is currently advancing plans to develop the Sal de Vida Lithium and Potash Brine Project in Argentina, which is situated in the Lithium Triangle, a region where Chile, Argentina and Bolivia meet, and currently accounts for 60 percent of global lithium production. Sal de Vida is a proven high quality resource has excellent promise as a future low cost production facility. The Company also owns the Mt Cattlin Spodumene Mine near Ravensthorpe in Western Australia and the James Bay Lithium Pegmatite Project in Quebec, Canada.

Lithium Americas Corporation (OTCQX: LACDF) together with its joint venture partner SQM, is developing the Cauchari-Olaroz Lithium project, located in Jujuy, Argentina, through its 50 percent interest in Minera Exar S.A. In addition, Lithium Americas owns 100 percent of the Lithium Nevada project, and RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. More recently, Lithium Americas completes initial share subscription under its agreement with Ganfeng Investment, issuing 11,250,000 common shares at a price of $0.85 per share.

Pure Energy Minerals Limited (OTCQB: PEMIF) flagship lithium brine project is located in Clayton Valley, Nevada, immediately adjacent to North America's only producing lithium mine. The Clayton Valley South Project contains an inferred mineral resource of 816,000 tonnes of lithium carbonate equivalent. The company is at the leading edge of new processing technologies for lithium through its collaboration with global multinational technology partners such as Tenova Bateman. Pure Energy's main objective is to prove and deploy low-cost and earth-friendly processing technologies to harvest advanced lithium battery materials to meet the anticipated escalating growth in lithium demand.

Advantage Lithium Corporation (OTCQB: AVLIF) is a lithium explorer and developer with top tier management and an international portfolio of quality assets. The Company recently partnered with one of Argentina's leading lithium producers, Orocobre. The agreement includes up a joint venture and up to 75 percent interest in the Cauchari project, which hosts an inferred resource and includes high priority exploration targets. Orocobre will be acquiring over 31 percent of Advantage Lithium as part of the transaction.

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