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How Tesla’s Lithium Demands Could Soon Place a Cap on Production

Posted by admin on Aug 29, 2016 in Featured, Lithium News, Uncategorized | 0 comments

From OilPrice.com: We’ve gone electric, and there’s no going back at this point. Lithium is our new fuel, but like fossil fuels, the reserves we’re currently tapping into are finite—and that’s what investors can take to the bank.

You may think lithium got too popular too fast. You may suspect electric vehicles are too much buzz and not enough real future. You may, in short, be a lithium skeptic, one of many. And yet, despite this skepticism, lithium demand is rising steadily and sharply, and indications that a shortage may be looming are very real.

It won’t be a shortage in terms of ‘peak lithium’; rather, it will be a game of catch-up with the electric car boom, with miners hustling to explore and tap into new reserves.

Consider the number of battery gigafactories that are being built around the world. We have all heard about the Tesla Motors Inc (NASDAQ:TSLA) facility that will, at full capacity, produce enough batteries to power 500,000 electric cars per year by 2020.

This, as the carmaker proudly notes, is more than the global total lithium ion battery production for 2013. That’s a pretty impressive rate of demand growth over just three years—but this growth also represents the culmination of a sea change in the way we think.

Nevada Energy Metals Lithium Exploration Program Underway at Black Rock Desert, Nevada $BFF.ca

Posted by admin on Aug 29, 2016 in Company News, Featured | 0 comments

Surface sampling program designed to test for lithium values in playa evaporates has been initiated at the Company’s 100% owned Black Rock Desert Project
Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines

August 29, 2016 / Nevada Energy Metals Inc. “the Company” (TSX-V: BFF; OTCQB: SSMLF; Frankfurt: A2AFBV) is pleased to announce that a surface sampling program designed to test for lithium values in playa evaporates has been initiated at the Company’s 100% owned Black Rock Desert Project. Geochemical sample points are being arranged on a grid pattern of 11 lines spaced 400 meters apart with stations every 200 meters along the lines. It is expected that 170 sample points will be measured. Results should be available in approximately 3 weeks.

The Black Rock Desert Lithium Project consists of 128 placer claims, (2,560 acres/ 1,036 hectares) located in southwest Black Rock Desert, Washoe County, Nevada. The nearest population center is the town of Gerlach, which lies 177 kilometers north of Reno.

The western arm of the Black Rock Desert covers an area of about 2,000 square kilometers and contains 5 of the 30 currently listed Known Geothermal Resource Areas in Nevada. The property covers an area of playa underlain by a moderately deep basin interpreted from gravity and seismic surveys indicating a maximum thickness of valley-fill deposits of about 1,200 m/ 3,600 ft. A high salt content prevents any significant vegetation from growing on the playa surface. Locally, the basin is being fed in part by boiling springs and siliceous sinter containing strongly anomalous Lithium values (up to 3.5 ppm) that flank the property on the west side. (U.S. GEOLOGICAL SURVEY Open-File Report 81-918.) While these lithium values are well below those of producing lithium bines, they do represent a significant source of metal available for evaporative concentration within the playa basin.

Bolivia sets high hopes on its lithium industry

Posted by admin on Aug 25, 2016 in Featured, Lithium News, Uncategorized | 0 comments

Even though Bolivia has more identified lithium resources than any other country, the current top three producers are Chile, Australia and Argentina, in that order. (Image of Salar de Uyuni before sunrise by: Dimitry B. | Flickr Commons.)

Bolivia, one of the poorest countries in Latin America, has began shipping lithium to China in what is considered the first step towards fulfilling its ambitions to becoming the world’s No. 1 exporter of the commodity, used in high tech devices such as smart phones and electric cars, as well as in the pharmaceutical industry.

With a price tag of barely $70,000, Bolivia’s lithium shipment to China is being seen more like a symbolic transaction than a financial breakthrough for the country.Those first 10 tonnes of lithium carbonate were extracted from a pilot plant at the country’s salt flats, located in the southwestern region of Uyuni, local newspaper EFE News Agency reports (in Spanish).

But with a price tag of barely $70,000, the move is being seen more like a symbolic transaction than a financial breakthrough for the country, which expects to multiply the figure into millions of dollars by 2020.

Lithium, frequently referred to as “white petroleum,” drives much of the modern world, as it has become an irreplaceable component of rechargeable batteries used in high tech devices.

Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property $FMR.ca

Posted by admin on Aug 25, 2016 in Company News, Featured | 0 comments

Fairmont Encouraged by Chinese Asset Purchase of Former Lithium Producer rb Energy Adjacent to Rome Lithium Property

Jilin Jien already active in Quebec, following the 2010 acquisition of Canadian Royalties
Rome Lithium Property acquired by Fairmont Resources less than a month ago
Historical underground and open pit lithium mine on property adjacent to Rome Lithium Property

Vancouver, BC – Fairmont Resources Inc. (FMR: TSX-V) (“Fairmont”) is encouraged by the Court Approval yesterday of the Asset Purchase Agreement of RB Energy Inc. by Jilin Jien Nickel Industry Co. (“Jilin”).

RB Energy, who once claimed its Quebec mine would produce “the highest-quality lithium carbonate in the world”, was forced to halt operations in October 2014 after failing to complete a much needed financing. Subsequent attempts to raise financing proved to be very difficult due to market conditions at the time for Canadian resource companies. Specifically, Investment Quebec and/or KSV Advisory held discussions with 26 parties regarding the potential sale of RB Energy.

Nevada Energy Metals Pays Full Annual BLM Fees For Seven Nevada Lithium Projects $BFF.ca

Posted by admin on Aug 25, 2016 in Company News, Featured | 0 comments

August 25, 2016 / Vancouver, British Columbia – Nevada Energy Metals Inc. “the Company”

(TSX-V: BFF) (OTCQB: SSMLF) (Frankfurt: A2AFBV) is pleased to announce that it has paid in full all annual Bureau of Land Management (BLM) maintenance fees for the Company’s seven Lithium projects located in Nevada. The annual maintenance fees, totaling USD $ 212,350 (CAD $274,550), are now paid to Sept 1st 2017.

Nevada Energy Metals’ Seven Nevada Lithium Projects Are Fully Paid Up.:

-Dixie Valley Lithium Project – 907 Claims, no royalties, (348 claims optioned to Wildcat Exploration Ltd. (TSX-V:WEL))-BSV Lithium Project – 160 claims (100% owned, no royalties, in Big Smokey Valley)-Black Rock Desert Lithium Project- 128 claims (100% owned, no royalties)-Clayton Valley Lithium Project – 77 claims, no royalties, (70% optioned-out to American Lithium Corp (TSX-V: Li))-Teels Marsh West Lithium Project – 100 claims (100% owned, no royalties)-San Emidio Desert Lithium Project – 155 claims (100% owned, no royalties)-Alkali Lake Lithium Project – 191 claims in a 60-40 earn in agreement with Dajin Resources Corp (TSX-V:DJI), no royalties.

Rick Wilson, Chief Executive Officer of Nevada Energy Metals, commented: “We are pleased to report that our Project Generator Model has grossed over USD $300,000, as well as a portfolio of marketable securities. These earnings have helped to offset the annual BLM Maintenance Fees as well as a portion of the Company’s general operating costs.”

FMC contract underlines rising battery demand for Lithium

Posted by admin on Aug 25, 2016 in Featured, Lithium News | 0 comments

By Henry Sanderson

A Tesla Supercharger station is shown in Cabazon, California, U.S. May 18, 2016. REUTERS/Sam Mircovich/File Photo TPX IMAGES OF THE DAY

The lithium market received a boost after FMC said it planned to double its output of battery raw material lithium next year, in a sign the largest producers are increasing supply to meet demand from electric carmakers.

The Philadelphia-based chemical company, one of the world’s four largest producers of lithium, said it would accelerate expansion of lithium hydroxide as a result of a “new multiyear supply agreement with a major manufacturer of electric vehicles”.