Demand for Electric Vehicles Continues to Push the Lithium Market

NEW YORK, January 26, 2018 /PRNewswire/ --

According to Global Market Insights, Inc. the global lithium Ion Battery Market is poised surpass USD 60 billion by 2024. Li-ion batteries are broadly used as a power supply for consumer electronics as well as hybrid and electric vehicles (EVs). In addition, the report indicates that the industrial lithium ion battery market is to surpass USD 9 billion by 2024. In the industrial sector, lithium batteries are used for a wide range of applications across defense and healthcare industries, where capacity and energy density are of crucial for efficiency. Clean Commodities Corp (TSX-V: CLE), Pure Energy Minerals Limited (OTC: PEMIF), QMC Quantum Minerals Corp. (OTC: QMCQF), NRG Metals Inc. (OTC: NRGMF), Liberty One Lithium Corp. (OTC: LRTTF)

Major car manufacturers around the world are now heavily invested in development of electric vehicles. Mahitha Mallishetty, a lead metals and minerals research analyst at Technavio, explained, "The range of EVs can be improved, and the fuel consumption of hybrid EVs can be reduced using lithium-ion batteries. The diverse types of rechargeable batteries, distinguished by the materials used for the electrodes and electrolytes, have a short-range due to lower energy density and have a short operational life when compared with that of lithium-ion batteries."

Clean Commodities Corp (TSX-V: CLE) is currently listed on the TSX Venture Exchange under the ticker 'CLE'. Just yesterday the company announced that, "the successful completion of a conceptual exploration model for the Corporation's Phoenix Lithium Project (the "Phoenix Model"). The Phoenix Model was prepared on behalf of the Corporation by Dahrouge Geological Consulting Ltd. in preparation of further permitting/work at the project.

"Clean Commodities is very pleased to receive this third-party model, which examined but two of the six known lithium pegmatites at our Phoenix Lithium Project. We are greatly looking forward to advancing our Phoenix Lithium Project and demonstrating the value that we believe the lithium pegmatites there hold in the context of the global lithium market. The fact that this project is securely situated in Canada, which is well-known as a stable mining jurisdiction, bodes well for our future," noted Ryan Kalt, Chief Executive Officer of the Corporation.

The Phoenix Model was prepared to evaluate the exploration potential of the Phoenix Lithium Project (see also news release 'Clean Commodities Corp. Key Lithium Assets in Canada; Reviews Historic Drill Results and Outlines 2018 Exploration Objectives' dated December 14, 2017).

The Phoenix Lithium Project consists of numerous lithium pegmatites, including two of which have been historically drill tested, specifically the Big Bird and Curlew pegmatites.

Historic exploration has shown the Big Bird pegmatite to have a minimum strike length of approximately 1,280 meters and apparent widths ranging from 8 to 70 m.  The ultimate strike length and width of Big Bird is unknown given its position within an area of extensive cover with less than 15% outcrop exposure. The Curlew Lake Pegmatite, also within an area of extensive cover, has a minimum strike length of 500 m and apparent widths of up to 50 m.

For each of the Big Bird and Curlew pegmatites, channel samples and drilling was incorporated into a geologic model which examined the near surface component of each pegmatite (maximum depth of 200 meters). 

The Company cautions that the Phoenix Model is not a resource declaration. The potential tonnages and grades are conceptual in nature and are based on previous channel sample and drill results that defined the approximate length, thickness, depth and grade of a portion of each pegmatite. There has been insufficient exploration to define a current resource and the Company cautions that there is, among other uncertainties, a risk that further exploration may not result in the delineation of a current mineral resource or one that resembles the conceptual model."

Pure Energy Minerals Limited (OTCQB: PEMIF) is a lithium resource developer that is driven to become a low-cost supplier for the growing lithium battery industry. On December 13, 2017, the company announced that the Secretary of Mining in the Salta Province, Argentina has granted the Company its environmental impact report (EIR) for the next phase of work on the Terra Cotta Project (the "TC Project") at Salar de Pocitos. The approved EIR authorizes drilling, sampling, and aquifer testing at the TC Project, a program which may include up to 10 exploratory boreholes. In early January 2018, the Company plans to begin construction of the necessary roads and drill pads for the first holes of its expanded exploration program. Drillers are expected to collar the initial diamond core hole during the second week of January. Pure Energy's Terra Cotta Project is located in the core of Argentina's lithium-rich Puna Region. Significant deposits of lithium in brine occur approximately 32 km (20 miles) north at Rincon Salar and approximately 90 km (56 miles) south at Salar del Hombre Muerto.

QMC Quantum Minerals Corp. (OTC: QMCQF) is a British Columbia based company engaged in the business of acquisition, exploration and development of resource properties. On January 11, 2018, the company provided update on exploration activities at its 100% owned Irgon Lithium Mine Project, S.E. Manitoba. The company has acquired, through staking, an additional 9 contiguous mineral claims which increases the number of claims comprising the property to 13 and the area extent of the Irgon Lithium Mine Property to encompass 6,538 acres (2,647 hectares) from 1,729 acres (700 hectares) an increase of 378%. Numerous pegmatite dikes, in addition to the main Irgon Dike, are known to exist on the Irgon Lithium Mine Property. Two major dikes, located south of Cat Lake that have undergone exploration in the past are the Mapetre Dike and the Central Dike. Three additional dikes on the property that have been recently sampled by QMC as part of its regional resampling program, targeting pegmatite dikes that reported lithium assay results during the 2011 exploration program, has now been completed.

NRG Metals Inc. (OTCQB: NRGMF) is an exploration stage company focused on the advancement of lithium brine projects in Argentina. In addition to the Salar Escondido lithium project, the Company is evaluating the 3,287 hectare Hombre Muerto North lithium project ("HMN") in the province of Salta. On December 7, 2017, the company announced the discovery of lithium at the Salar Escondido Lithium Project, Catamarca Province, Argentina. Consistent with the Company's geophysical data and geological model, the target zone of sediments saturated with brine that could contain lithium was intersected, and the first lithium values from near the top of the brine. The drill hole has intersected weakly consolidated sandstone and unconsolidated sand horizons with occasional conglomerate and clay layers from a depth of 113 meters to 176 meters, and predominately poorly consolidated conglomerate with occasional clay layers below 176 meters. Saline brine is present below a depth of 140 meters. As of December 5, 2017, the hole had reached a depth of 221 meters, and the Company is planning to extend the hole to a depth of 350 meters.

Liberty One Lithium Corp. (OTCQB: LRTTF) is an exploration company focused on the acquisition and development of high grade lithium brine deposits. On December 22, 2017, the company advised that plans are underway to examine a short-list of prospective lithium properties in both Latin America and the continental USA in Q1 2018. Concurrent with today's announcement, Liberty One recently affirmed 2018 plans to commence an evaluation of its promising "North Paradox" property consisting of 233 placer claims encompassing 4,480 acres located within the Paradox Basin in Grand County, Utah. Log data at the Utah Geological Survey library indicates the area appears rich with supersaturated brines, and nearby long-term mine operations effectively demonstrate the climatic efficacy for traditional evaporative production processes.

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