NetworkNewsWire Editorial
Coverage: Sometimes revolutions take
time to develop before arriving without almost no recognition. Over
the course of the last dozen years, lithium-ion batteries (Li-ion)
have quietly become ingrained in society and have transformed every
aspect of life. Commonly recognized as power sources for portable
electronics like laptops and cell phones, rechargeable lithium-ion
batteries are lighter and smaller than lead acid batteries, have a
high tolerance for movement and temperature changes, recharge much
faster than other chemistries and, importantly, maintain their
power delivery during use. Li-ion batteries have found their way
into a myriad of other applications far beyond our indispensable
electronic devices. Power tools, lawn mowers, implanted medical
devices, wheelchairs, hearing aids, boat motors, solar power
storage, military technology, emergency power backups and,
increasingly, electric vehicles (EVs) are all powered by the now
ubiquitous lithium-ion battery. With seemingly endless
applications, it’s apparent that the lithium revolution has
arrived. The unabated demand for Li-ion batteries has engendered an
insatiable appetite for lithium and sparked a global quest for new
resources.
Surging demand and inadequate market supply are intensifying the
quest by lithium mining companies like Standard Lithium
Ltd. (TSXV: SLL) (FRA: S5L) (OTCQX: STLHF) (STLHF
Profile), Liberty One Lithium
Corp. (TSXV: LBY) (OTCQB: LRTTF), Galaxy Resources Ltd. (OTC:
GALXF) and Nemaska Lithium, Inc. (TSX: NMX)
(OTCQX: NMKEF), while Global X Lithium &
Battery Tech (NYSE: LIT) provides a deeper look into the
health of the lithium industry.
Demand for lithium is projected to mushroom over 300% within
eight years. Growth projections are largely based on increased
consumer uses and the global proliferation of electric vehicles.
However, the estimates may be vastly understated and could
skyrocket much further. A recent Wall Street Journal article
uncovered what may be an even greater demand driver. Multiple
states and municipalities, in conjunction with utilities, are
revamping their electric grids and utilizing high-density Li-ion
energy storage solutions to power homes and make the grid more
efficient (http://nnw.fm/M1LJu). Utility companies now store
energy in neighborhood battery junction boxes during off-peak hours
and use it during peak demand. The utility then avoids purchasing
expensive peak demand electricity. The largest home energy storage
project in the country is being undertaken by Arizona’s Mandalay
Homes, with plans to build 4,000 ultra-energy-efficient homes
equipped with 8 kilowatt-hour Li-ion batteries. In Vermont, Green
Mountain Power has offered homeowners a Tesla Powerwall for $15 a
month. The 13.5 kilowatt-hour batteries are engaged when the
electrical grid is strained to maximum capacity, preserving the
grid and saving the utility company money. Many believe that
modernization of the nation’s electric grid will drive the need for
lithium far beyond current projections.
Positioned to exploit the burgeoning demand, Standard
Lithium Ltd. (TSXV: SLL) (FRA: S5L) (OTCQX: STLHF) is
actively engaged in further exploration and the immediate
development of its Bristol Dry Lake brine project located in the
Mojave region of California. Standard Lithium’s Bristol Dry Lake
project encompasses 16,600+ acres of important placer mineral
claims. Geophysicists concluded a comprehensive gravity survey over
the entire basin, and data interpretation indicates that the basin
is both deep and expansive. Historical drilling and sampling to
total depths of approximately 500 feet have produced meaningful
brine samples with lithium values over 100 mg/L for the entire
drilled interval.
Acquired through a strategic mineral lease agreement with
National Chloride Corporation of America, the Bristol Dry Lake area
has long been surface-mined to produce chloride for industrial
applications. Consequently, the area has exceptional mining
infrastructure already in place, mitigating the primary challenges
of cost effective lithium mining and production - location, access
and infrastructure. Standard Lithium’s location has easy road and
rail access and abundant electricity and water sources, and it is
already permitted for extensive brine extraction and processing
activities. Electric power and water are on the property with a
major paved road on the western edge and a rail siding nearby. The
mineral lease agreement with National Chloride allows Standard
Lithium immediate access to conduct exploration brine sampling and
extraction, evaporation and processing activities, enabling a
fast-tracked project development schedule. The project is in a
mining friendly, clean energy development jurisdiction with proven
near surface brines which provide for efficient geophysical
exploration drilling programs. The company expects selective
lithium recovery through a combination of membrane, chemical
precipitation and solvent extraction. With a market cap around $70
million, successful strategy execution could easily propel Standard
Lithium to new heights as a significant low cost domestic producer
of battery grade lithium materials.
To exceed objectives and market expectations, Standard Lithium
has established a world class Scientific Advisory Council of
lithium extraction scientists and process engineers that is in
charge of the lithium extraction process testing work (http://nnw.fm/8hErG). As Standard Lithium CEO Robert
Mintak stated, “Standard Lithium has a very clear focus…we have the
ideal team with a blend of experience, knowledge, technical agility
and pragmatic problem-solving abilities, to develop optimal process
solutions for Standard Lithium’s world-class assets”. Standard
Lithium is determined to produce low cost domestic lithium and
capitalize on the immense global shortages.
A Canada-based exploration company, Liberty One Lithium
Corp. TSXV: LBY) (OTCQB: LRTTF) is focused on the
acquisition and development of high grade lithium brine deposits.
The company recently announced that it had received the requisite
environmental and drilling permits for its Pocitos West property in
Salta Province of Northern Argentina and intends to immediately
commence drilling. The property is located in the Pocitos Salar,
Los Andes Department, Western Salta Province of Argentina and
consists of over 39,000 acres in the middle of the renowned lithium
triangle. Liberty One also has 233 placer claims encompassing 4,480
acres located in the Paradox Basin in Grand County, Utah.
Australia-based Galaxy Resources Limited (OTC:
GALXF) owns lithium production facilities, hard rock mines
and brine assets in Australia, Canada and Argentina. It wholly owns
and operates the James Bay lithium pegmatite project in Quebec,
Canada, and the Mt. Cattlin mine in Ravensthorpe, Western
Australia, which is currently producing spodumene and tantalum
concentrate. Galaxy is also advancing plans to develop the Sal de
Vida lithium and potash brine project in Argentina, situated in the
lithium triangle, which is currently the source of 60% of global
lithium production.
Nemaska Lithium, Inc. (TSX: NMX) (OTCQX: NMKEF)
is a Canadian exploration stage lithium miner focused on finding
and producing the metal through exploration and development of hard
rock lithium mining and the processing of spodumene (lithium
aluminum silicate) into lithium compounds. The company has yet to
produce lithium but claims a proprietary process to produce lithium
hydroxide and lithium carbonate, for which patents have been filed.
Trading near its all-time high, the company has a $500+ million
market valuation.
Global X Lithium & Battery Tech (NYSE: LIT)
further demonstrates the strength of lithium, earlier this week
clipping a new 52-week high of $39.96. As reported by CNBC in
September (http://nnw.fm/Etvr9), the exchange traded fund (ETF)
gained $143 million within a roughly a week after China announced
its intention to phase out vehicles using gasoline and diesel.
China represents the world’s largest market for EVs, and is one of
seven countries on track to ban the use of internal combustion
engines (https://www.networknewswire.com/lithium-driving-global-push-end-gas-powered-vehicles/).
Global X Lithium & Battery Tech’s net assets are
$931,501,203.83.
From fire to fossil fuels, quality of life has been governed by
the taming of energy sources. There’s a titanic shift underway
revolutionizing energy utilization. The meteoric demand for Li-ion
batteries will remain unabated as grids modernize to handle the
massive influx of battery-powered homes, electric vehicles and
evermore devices. To profit from this titanic energy
transformation, investors must have direct or indirect exposure to
the lithium revolution.
For more information on Standard Lithium please visit: Standard
Lithium Ltd. (TSXV: SLL) (FRA: S5L) (OTCQX:
STLHF)
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