NEW YORK, Nov. 7, 2022 /PRNewswire/ — Vehicle electrification is still in its infancy and is expected to attract a significant volume of lithium-ion batteries. Lithium-ion batteries are widely followed due to their compact length, rechargeability, recyclability, and high-density force generation. Therefore, those batteries are widely used in electric cars (EV). Government subsidies for electric cars, as well as investments in this field, are likely to further drive the expansion of the market. Geographically, the Asia-Pacific region led the market, having the highest volume percentage of 56. 3% in 2020, due to the immediate progression of the automotive, glass and consumer goods industries in countries such as China, Japan, South Korea and India. According to Grand View Research, the length of the global lithium market was valued at $6. 83 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 12. 0% between 2022 and 2030. Infinity Stone Ventures CorpArray ( OTC: GEMSF) ( CSE: GEMS), Pilbara Minerals Limited (OTC: PILBF), American Lithium Corp. (OTC: LIACF), Albemarle Corporation (NYSE: ALB), Lake Resources N. L. (OTC: LLKKF)
Lithium has proven to be an essential mineral for vehicle electrification because LiOH, a white hygroscopic crystalline tissue and an inorganic compound, is basically used in lithium-ion battery manufacturers. According to Platts Analytics, global sales of plug-in soft electric batteries are expected to succeed in 6. 5 million games in 2022 and 10. 5 million games in 2025, up from 6 million games in 2021 and 3. 1 million in 2020.
Infinity Stone Ventures Corp. (OTCQB: GEMSF) (CSE: GEMS) announced last week that it “has acquired, through participation, another 5961 hectares of 102 cells in two blocks in the company’s Galaxy Lithium assignment near Mont Laurier, Quebec. With 31 cells covering 1817 hectares and a larger block, 17 kilometers to the north, comprising 71 cells covering 4144 hectares. The company’s total land position in the region now covers 9423 hectares. or 94. 2 km², with another 22 cells still pending application (the “Project”).
Infinity Stone’s Galaxy Project Petagawa Lake block now stretches some 16 kilometers along the western shore of Lake Petagawa and covers 3,930 hectares, with another 22 contiguous cells pending. The new northern block covers 4,144 hectares, located 17 kilometers north of the Lake Petagawa block. The newly acquired domain was established as a prospective for LCT pegmatites following the Company’s October 2022 exploration program, which included sampling, manual extraction, groove sampling and blasting of the 30 known pegmatites.
The Company also completes launching an airborne geophysical survey program (the “Geophysical Program”) beginning the week of November 14, which will include an electromagnetic survey and a radiometric survey. Part of the objectives of airborne radiometric survey will be to verify old reports of anomalous levels of niobium near the southern end of the project.
“We continue to locate other potential lands for Project Galaxy as we move forward with exploration,” said Zayn Kalyan, CEO of Infinity Stone. “Quebec temporarily has the epicenter of battery steel exploration in North America, with many lithium, primary battery and electric vehicle brands active in the region. Our expanded footprint and presence in the province, adding our new regional workplace in Montreal, is central to our expansion strategy,” continued Mr. Kalyan.
Qualified Person – The technical data contained in this press release has been reviewed and approved through Case Lewis, P. Geo. , a “qualified person” within NI 43-101 Standards for Mineral Project Disclosure and a director of the Company. . . “
Pilbara Minerals Limited (OTC: PILBF) announced in October that it had signed a new sales contract for an additional shipment of 5,000 mts following the final touch of the BMX auction procedure held and announced on Tuesday, October 18. The company entered into a sales contract for 5,000 mts SC5. 5 FOB Port Hedland at a value of 7,255 USD/mts, which is equivalent to ~8,000 USD/mts on a SC6. 0 CIF China basis after adjusting the lithium content on a pro-tariff basis and with freight included. A 5% deposit required until the beginning of this week, with delivery scheduled from mid-November 2022.
American Lithium Corp. (OTCQB: LIACF) announced on August 24 that it has initiated an Environmental Impact Assessment (“EIA”) hydrologic drilling program (designed through SRK Peru and EDASI SAC) on its wholly-owned Falchani lithium allocation in southern Peru. Simon Clarke, CEO of American Lithium, said: “We are very pleased to be drilling diamonds again in Falchani for the first time since before COVID-19. We are also very pleased that these paints and other recent successes allow DRA Global to upgrade the Falchani. Pea We anticipate that this upgrade will build on the already strong economics of the original AEO, and further highlight the quality and scale of this giant lithium deposit. “
Albemarle Corporation (NYSE: ALB) announced on March 2 that it has signed a non-binding letter of agreement with Mineral Resources Limited (ASX:MIN) (“MRL”) to explore a potential expansion of the MARBL Lithium (“MARBL”) joint venture. MARBL’s expansion would be in line with our corporate strategy to pursue successful expansion and be disciplined capital managers,” said Kent Masters, CEO of Albemarle. “Expanding our partnership with MRL would allow us to expand lithium conversion capacity with a higher choice and threat reduction to meet our global customers’ evolving desires for a reliable, high-quality lithium supply. “
Lake Resources N. L. (OTCQB: LLKKF) reported last week on a progress update at the Kachi Project’s lithium processing demonstration plant. The final touch of the demonstration plant structure on site and the dry and rainy commissioning procedure was carried out in September and October. The demonstration plant is lately processing the Kachi brine and the final optimization of the procedure is nearing completion. The demonstration plant has already delivered a product that meets specifications, with the demonstration plant performing lithium recoveries similar to those received at the paint verification pilot plant in Oakland, California. Paint optimization continues on site; Lilac expects the first lithium chloride samples to be sent to convert into lithium carbonate within two weeks. “
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