FinancialBuzz.com: The Global Lithium Market Benefits From Technological Innovation

News provided by

Jan 30, 2017, 08:00 ET

NEW YORK, January 30, 2017 /PRNewswire/ --

http://www.Financialbuzz.com - According to a report by Transparency Market Research, lithium has emerged in recent years as one of the key high-tech materials due demand coming from the automotive industry, consumer electronics and electrical grid storage for lithium-ion batteries. The data reveals that the global lithium-ion battery market is poised to rise from US$29.68 billion in 2015 to US$77.42 billion by 2024, growing at a CAGR of 11.6%. According to the research, "the consumer electronics segment accounted for the leading share in the lithium-ion battery market in terms of revenue." However, this is expected to change as the automotive segment is likely to experience faster growth in coming years due to electric vehicles. MGX Minerals Inc. (CSE: XMG.CN) (OTC: MGXMF), FMC Technologies Inc. (NYSE: FTI), Ford Motor Company (NYSE: F), Toyota Motor Corp. (NYSE: TM), General Motors (NYSE: GM)

The report indicates that, "the increasing level of awareness among consumers and automobile manufacturers alike regarding the benefits of clean fuel, the declining availability of natural resources, and the soaring prices of fossil fuels have warranted the need for alternate solutions and this has significantly driven the global lithium-ion battery market."

MGX Minerals Inc. (CSE: XMG.CN) (OTC: MGXMF) is a diversified Canadian mining company engaged in the development of large-scale industrial mineral portfolios in western Canada. The Company operates lithium, magnesium and silicon projects throughout British Columbia and Alberta as well as petro lithium exploration in Utah. Additionally, the Company is the largest lithium brine land holder in Canada, controlling nearly 487,000 hectares of land representing over one million barrels of brine production per day

MGX Minerals Inc. earlier this morning announced that, "Mr. Marc Bruner, a leader in the development of unconventional oil and gas projects throughout North America and internationally, will serve as Chairman of the Board for MGX Minerals as well as direct petro lithium (lithium and oil) acquisitions and development for the Company's wholly owned subsidiary, PetroLithium Corporation of America.

"MGX is the first Company to separate lithium from oil well wastewater. I am excited about bringing my experience in the unconventional oil and gas business into a new industry where creative thinking is required. Being first positions MGX to be the growth leader in this energy industry paradigm shift," stated newly appointed MGX Chairman Marc Bruner.

As previously announced, MGX and engineering partner PurLucid Treatment Solutions ("PurLucid") have successfully extracted lithium from oil sands wastewater (see press release dated January 3, 2017). The Company and PurLucid are now preparing for deployment of the pilot plant shortly with commercial scale deployment expected during the second half of 2017. MGX's patent pending lithium extraction process, which potentially reduces recovery times of lithium and other valuable minerals from 18 months to one day, compared with conventional lithium extraction.

Mr. Bruner joins Dr. Larry Marks (Geophysics), formerly of Royal Dutch Shell and Shell Oil Canada, as well as Mr. Claudio Manissero , formerly of FMC Lithium and Dr. Preston McEachern , Chief Scientist, on the PetroLithium Corporate Team.

Detailed Biography - Over the past 30 years, Mr. Bruner has founded and held directorships with numerous oil and gas companies, making him a leading expert in unconventional oil and gas development in North America and internationally. Mr. Bruner was previously the Chairman and CEO of Falcon Oil & Gas Ltd. and served as Ultra Petroleum's founding Chairman where he was involved in developing the Pinedale Anticline in Wyoming , which is now recognized as one of the largest unconventional natural gas fields in the United States . While serving these companies, Mr. Bruner oversaw negotiations and contracts with global oil and gas companies including Halliburton, Exxon Mobil, Questar Gas and Hess Corporation. Previously, Mr. Bruner founded Pennaco Energy Inc. to explore and develop coal bed methane properties in the Powder River Basin of Wyoming and Montana. In March 2000, the company was sold to Marathon Oil for US $550 million…

"It is with great pleasure that we welcome Mr. Bruner to the Company and position of Chairman of the Board of MGX as well as Director of Lithium and Oil acquisitions for PetroLithium Corporation of America," said MGX President and CEO Mr. Jared Lazerson. "Mr. Bruner is one of the original developers of the unconventional oil and gas business and is a rare breed of visionary businessmen able to recognize and advance fundamental paradigm shifts in the energy industry. Among many other assets, in the past 20 years Mr. Bruner built Ultra, Falcon, and Pennaco, an unrivaled achievement in the unconventional energy industry."

FMC Technologies Inc. (NYSE: FTI) is a global provider of technology solutions for the energy industry. The Company designs, manufactures and services a range of systems and products, including subsea production and processing systems, surface wellhead production systems, high pressure fluid control equipment, measurement solutions and marine loading systems. Its segments include Subsea Technologies, Surface Technologies and Energy Infrastructure. The Subsea Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in deepwater exploration and production of crude oil and natural gas. The Surface Technologies segment designs and manufactures products and systems, and provides services used by oil and gas companies involved in land and offshore exploration, and production of crude oil and natural gas.

Ford Motor Company (NYSE: F) principal business includes designing, manufacturing, marketing, financing, and servicing a line of Ford cars, trucks, sports utility vehicles (SUVs), and electrified vehicles. The company's new Fusion Energi is a hybrid car which can make trips of no more than 21 miles on electric power only. For longer drives the car operates as a gas-electric hybrid, with a four-cylinder engine and lithium ion battery pack combined. The two power sources generate together 195 horsepower. The lithium ion battery pack can be charged by plugging the car into a regular wall outlet or a 240-volt charging station. It takes 2.5 hours to fully charge the battery pack using a 240-volt charger.

Toyota Motor Corp. (NYSE: TM) engineers recently revealed that they have tamed volatile lithium-ion battery technology, and can now safely pack more power at no significant extra cost, Reuters reported. Koji Toyoshima, the chief engineer for the Prius said, "It's a tall order to develop a lithium-ion car battery which can perform reliably and safely for 10 years, or over hundreds of thousands of kilometers… We have double braced and triple braced our battery pack to make sure they're fail-safe."

Earlier this month General Motors (NYSE: GM) car, long-range electric Chevrolet Bolt was named North American Car of the Year, beating two conventionally powered luxury sedans, the Genesis G90 and the Volvo S90, in an announcement delivered at the North American International Auto Show. "There's been a lot of talk about building an affordable electric car with a 200-mile range that brings electric vehicles to the mainstream, but only one manufacturer has done that, and it's us," said Chevrolet marketing manager Steve Majoros, reported USA Today.

Please Sign Up Now at http://www.FinancialBuzz.com to Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

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 branding, marketing and advertising for third parties for disseminating 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 service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. 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 as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com has been compensated a total of seventeen thousand dollars for financial news dissemination and pr services by a third party non affiliate for mgx minerals inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this 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 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 the 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 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:
Media Contact: [email protected] , +1-877-601-1879

SOURCE FinancialBuzz.com