SAN DIEGO, CA--(NewMediaWire - Apr 12, 2017) -
SourcingLink.net (OTC PINK: SNET) is pleased to announce the option
purchase agreement to acquire a new lithium property (Cyr South) in
the James Bay area of Quebec. The property consists of 11
claim units (550 ha) and is located about 100 km northwest of
Nemiscau. The property is road accessible.
In 1973, the Quebec Government mapped the vicinity of the new
claims and located spodumene (lithium) bearing pegmatites about 5
km south of the Cyr James Bay Lithium Deposit. The Cyr James
Bay Lithium Deposit is presently owned by Galaxy Resources and
contains indicated resources of 11.75 million tonnes grading at
1.30% Li2O and inferred resources of 10.47mt grading at 1.20%
Li2O.
Sales of lithium-ion batteries used for everything from electric
cars to Apple iPhones to emergency power backup (for computers and
communication and medical technologies) are expected to boom to $46
billion by 2022, according a recent report by Allied Market Research. They would mark a
compound annual growth rate (2016 to 2022) of 10.8%.
Among companies that will benefit, according to Allied Market,
are SourcingLink.net (SNET), an exploration and development
company with a focus on lithium, tantalum, rare earth metals and
rare earth elements. https://www.thestreet.com/story/14060363/1/here-are-the-biggest-winners-from-ford-and-apple-trying-to-dominate-the-future-of-technology.html
SNET plans to send an exploration in May of 2017 to locate the
historical lithium bearing veins as well as identify additional
mineralized veins.
About SourcingLink.net, Inc.
SourcingLink.net is a U.S. based publicly traded exploration and
development company. Their focus is on rare metals and rare earth
elements, which are among the primary input materials for the 21st
Century technology.
About The Lac Fire Project:
SourcingLink.net, Inc. acquired 8 new lithium-tantalum claims in
James Bay, Quebec, Canada. The block of 8 new claims share a 12 km
boundary, which is on three sides with the Rose Lithium Tantalum
Property of Critical Elements Corp. The new Lac Fire property was
staked to strategically cover ground that may be on strike and have
similar geology to the Rose Lithium Tantalum Resource.
Forward-looking Statements
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meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements, which contain words such as "expect,"
"believe" or "plan," by their nature address matters that are, to
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future events to be materially different than those expressed in
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forward-looking statements. The above news release has been
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The above news release has been provided by the above
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the accuracy of such news releases.