Properties have been offered to the Company in the Windfall Lake gold camp area for purchase Management and consultants are looking at the land packages offered and reviewing the available technical data Vancouver, BC / March 24, 2017 – Durango Resources Inc. (TSX.V-DGO) (OTC-ATOXF), (the “Company” or “Durango”) announces that additional properties have been offered to the...
“The prices in the lithium market and the growth in demand have been quite relevant in recent years. We expect growth in demand for this product of between 8 and 10 percent,” Illanes said. Feb 19 Chile’s SQM expects demand for lithium to grow between 8 percent and 10 percent this year and is working to improve financial performance by 2020, an executive told local paper El Mercurio on...
Acquired a 100% interest in British Columbia industrial mineral claims covering five projects which include bentonite, perlite, and zeolite BC MINFILE occurrences Vancouver, BC / February 16, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that it has acquired a 100% interest in British Columbia industrial mineral claims covering...
Made application to the TSX Venture Exchange to implement a name change and share consolidation to better reflect the Company’s business plan and its two mineral divisions Vancouver, British Columbia / January 25, 2017 –Pacific North West Capital Corp. (“PFN”)(TSXV: PFN OTCQB: PAWEF FSE: P7J)announces it has made application to the TSX Venture Exchange (the “Exchange”)...
Closed the final tranche of its previously announced private placement financing by issuing 2,142,857 units at a priceof $0.07 per NFT Unit for gross proceeds of $150,000 Fairmont issued a total of 1,425,000 flow-through units VANCOUVER, BRITISH COLUMBIA–(Jan. 23, 2017) – Fairmont Resources Inc. (“Fairmont”) (TSX VENTURE:FMR) is pleased to announce that is has closed the final...
Planning is underway to drill test its lithium bearing pegmatite zone discovered in the summer 2016 exploration program on ground adjacent to Nemaska Lithium’s (T-NMX) Whabouchi Deposit and the newly discovered Doris zone Vancouver, BC / January 18, 2017 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) announces that planning is underway to drill test...
The price of lithium has soared over the past decade from less than 50,000 to over 150,000 renminbi per metric tonne, according to Thomson Reuters’ data. While some attribute the dramatic rise to nothing more than speculation, others are quick to point out that rising demand from electric vehicles and energy storage justifies the increase. The truth may lie somewhere in between, and investors interested in lithium should read beyond the headlines.
In this article, we’ll look at the lithium market and how one exchange-traded fund (ETF) has grown considerably in the face of rising prices.
Potential Lithium Demand
Lithium-ion batteries are commonly used in smartphones, laptops and other electronic devices, but the most significant driver of future demand will come from electric vehicles and energy storage applications. For example, the Tesla Model S requires 10,000 times as much lithium as a smartphone. The rise in renewable energy has also created significant demand for energy storage solutions on the part of both consumers and governments.
Demand for lithium has been difficult to forecast due to the evolving nature of these industries. In March, Tesla CEO Elon Musk told attendees of the Model 3 unveiling that the company would have to “absorb the entire world’s lithium-ion production” in order to produce half a million cars a year. The company expects to reach that mark by 2018 and produce a million vehicles by 2020, following the anticipated release of its $35,000 mass-market Model 3.
Lithium, the key component found in battery packs, is necessary to propel an electric vehicle. It’s the lifeblood of the vehicle, so to speak.
Problem, however, is that lithium miners are having a hard time meeting the demand. And what is available is becoming stunning expensive.
Since the middle of 2015, lithium prices have jumped about 200%, reaching $20,000 per metric ton. And as lucrative as it’s become (and it will likely remain at those prices), it’s not as if the industry can easily ramp up output. Indeed, CEO Elon Musk has already commented “we would basically need to absorb the entire world’s lithium-ion production.”
Elon Musk is about to face his toughest battle yet as CEO
By James Brumley, InvestorPlace Feature Writer | Sep 14, 2016, 12:51 pm EDT
Even beloved stocks like Tesla Motors Inc (NASDAQ:TSLA) aren’t infallible. Call me a glutton, but I like reminding investors of that. Doing so invariably stirs up some outrage, but if it gets people to think about the risks, so be it. And Tesla stock is anything but a sure thing.
Pegmatites were discovered and mapped and some samples sent for assay from its group of lithium claims located near Nemaska, Quebec
On the West block of claims, a few outcrops were located close to the southern boundary of Nemaska Lithium boundary and were made up of granite.
Vancouver, BC / September 13, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) reports that further to its news release of September 8, 2016, pegmatites were discovered and mapped and some samples sent for assay from its group of lithium claims located near Nemaska, Quebec.
The pegmatites were discovered on the North, South and Eastern blocks of Durango’s claims in the recently completed program. On the West block of claims, a few outcrops were located close to the southern boundary of Nemaska Lithium boundary and were made up of granite.
Our priorities regarding our energy sources are shifting due to innovation in new energy technology sectors are growing rapidly. One of the most interesting sectors of development has been the lithium-ion batteries market, which is already being used in a wide array of applications. Recently published research on the global battery energy storage market for smart grid by Technavio, a research company which focuses on emerging market trends, claims that the li-ion batteries segment is projected to reach 3,130 MW by 2020, growing at a CAGR of close to 72%. Tesla Motors Inc. (NASDAQ: TSLA), Oakridge Global Energy Solutions, Inc. (OTCQB: OGES), AES Corp (NYSE: AES), FMC Corp (NYSE: FMC), Albemarle Corporation (NYSE: ALB)
Projects focused on large closed basin salar targets, analogous to Clayton Valley
VANCOUVER, BRITISH COLUMBIA–(Sept. 12, 2016) –Radius Gold Inc. (TSX VENTURE:RDU) is pleased to announce that it has applied for mineral concessions totalling 37,000ha covering four lithium brine targets in northern Mexico. Further Radius is pleased to announce it has signed an option agreement with Advantage Lithium Corp. (TSX VENTURE:AAL) to fund exploration of the properties.
While working in northern Mexico, Radius’ exploration team recognized the potential of the large salar basins and compiled a database from historic lithium exploration conducted by the Mexican geological survey between 1987 and 1993. Radius applied for concessions covering the targets and has attracted an experienced and well-funded partner in Advantage Lithium.
From the age of gold to the age of coal, and then oil, we are now entering the age of lithium–and, more importantly, we’re at the crucial junction where this increasingly precious metal lives up to its newest moniker of “the white gasoline”. Prices have tripled, supply is already tight, and demand is poised to make new barons out of today’s lithium explorers.
More to the point, this is the moment when investment turns into profit; the moment when everyone stops hedging solid bets on lithium, and it all becomes a very profitable reality.
The supercharged electric vehicle industry may be in a bit of a panic over readily available lithium supply, but the problem isn’t supply itself–lithium is quite abundant. The problem is finding and developing new supply to keep pace with voracious new demand.
It’s also about looking beyond the obvious and casting a wider exploration net. The land rush is already on in full force in the Clayton Valley in Nevada—ground zero for the American lithium boom. Nevada’s geology tells a much more lucrative story, and so far we’ve only got the introduction.
