NEW YORK, NY --- The Global Lithium-Ion Battery Market size is expected reach $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period (2016-2022), according to a recent report by Allied Market Research. The lithium-ion battery industry is highly fragmented with the presence of large number of domestic players that occupy around 60% market share of the overall figure, and the market for these batteries is expected to witness a significant growth owing to their increasing use in smartphones, tablets/PCs, digital cameras, and power tools. SourcingLink.net, Inc. (OTC: SNET), Lithium Americas Corporation (OTC: LACDF), Advantage Lithium Corporation (OTC: AVLIF), Lithium Corporation (OTC: LTUM), Pure Energy Minerals Limited (OTC: PEMIF).
The report also indicates that the demand for lithium-ion batteries in the automobile industry is expected to increase with the increasing demand for electric vehicles. These batteries have gained popularity among the automobile manufacturers looking for innovative energy source, as lithium offers an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight.
SourcingLink.net, Inc. (OTC: SNET) states that it, 'is a U.S. Based publicly traded exploration and development company with a portfolio of claims containing lithium, tantalum, rare metals and rare earth elements, which are among the primary input materials of technology in the 21st century.'
Last week or on March 23rd, SourcingLink.net Inc. announced that, 'President, Chuck Wagner, had a phone call with lead geologist, Wayne Holmstead, and finalized plans for the first exploration of 2017 to commence on May 15th. On the call, Wayne mentioned the snow is typically clear by the first week of May, so to be safe, the exploration was scheduled for the 15th, to optimize chances for workable weather conditions.'
Lithium Americas Corporation (OTC: LACDF) together with its joint venture partner SQM, is developing the Cauchari-Olaroz lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar S.A. On February 28, Lithium Americas provided an update for the Cauchari-Olaroz lithium project. As previously announced, Minera Exar is pursuing a development plan at Cauchari-Olaroz that targets 50,000 tonnes per annum ('tpa') of lithium carbonate production capacity in two stages, with each stage consisting of 25,000 tpa of lithium carbonate. A feasibility study ('Stage 1 DFS') on the first stage of 25,000 tpa of lithium carbonate production capacity ('Stage 1') is nearing completion.
Advantage Lithium Corporation (OTCQB: AVLIF) is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. On March 16, the Company announced that it had entered into a definitive purchase agreement with Orocobre Limited ('Orocobre') - one of Argentina's leading lithium producers - and Miguel Alberto Peral ('Peral'), to indirectly acquire an initial 50% interest, with an option to acquire a total of 75%, in Orocobre's Cauchari Project and a 100% interest in five lithium brine properties located in the northern provinces of Jujuy, Salta and Catamarca in Argentina's lithium triangle (the 'Argentine Properties').
Lithium Corporation (OTCQB: LTUM) is a junior mining company focused on creating shareholder value through the discovery and development of lithium and related mineral resources. Lithium is a strategic mineral with strong and increasing demand from the portable energy sector, particularly for use in batteries to power hybrid and electric vehicles. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA and two prospects in British Columbia, Canada. The company's projects are: Fish Lake Valley, San Emidio, North Big Smoky, Hughes Property, and BC Sugar- Graphite.
On March 09, Pure Energy Minerals Limited (OTCQB: PEMIF) announced that it had closed its acquisition of a purchase option on lithium brine mining concessions in Salta, Argentina that was announced on January 10, 2017. The Company has executed a definitive property purchase agreement under Argentine law (the 'Agreement') with the private owners of more than 13,000 hectares (32,000 acres) on the Pocitos Salar in Salta, Argentina (the 'Properties'). Designated as the Terra Cotta Project, the Company has commenced the technical evaluation and design of its exploration program for the first half of 2017.
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