SAN DIEGO, CA--(NewMediaWire - Nov 21, 2016) - SourcingLink.net,
Inc. (OTC PINK: SNET) is pleased the Lac Fire Property shares a
12 km boundary with the Rose Lithium Tantalum Property of Critical
Elements Corp. Rose Lithium Tantalum deposit and was acquired
to strategically cover ground that may be on strike and have
similar geology to the Rose deposit.
The Lamothe lithium showing on the Lac Fire property appears to
be the northeast extension of a number of lithium showings that
extend from the Rose lithium deposit to the Lac Fire claim
group.
Lithium and tantalum are emerging as two critically important
resources for 21st century technology. Both materials are expected
to see unprecedented demand in the near future.
In 2014, the battery-grade market represented 31 percent of the
total global end-use market for lithium, while the ceramic and
glass market accounted for 35 percent. Both of these markets have
high entry barriers as end users expect high-purity,
low-contaminant products.
Available supply for these markets has been limited due to
recent mine closures that have left only one major low-iron
spodumene source (the Greenbushes deposit in Australia). Analysts
are forecasting a supply shortfall for battery-grade lithium while
demand is expected to grow by 134 percent over the next five
years.
About The SNET Eldor Project:
SourcingLink.net, Inc. signed an agreement to acquire 100%
interest in the Eldor Rare Earth Property Claims (The Eldor
Project) located in Northern Quebec, Canada (one of the most
favorable mining jurisdictions in the world). The Eldor Project
consists of 34 mineral claims covering approximately 3951 acres and
is located in Northern Quebec which is considered one of the most
favorable mining jurisdictions in the world.
About SourcingLink.net, Inc.:
SourcingLink.net is a U.S. based publicly traded exploration and
development company. The focus is on rare earth elements, important
source materials for 21st Century technology.
Forward-looking Statements
This release contains "forward-looking statements" within the
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
different degrees, uncertain. These uncertainties may cause actual
future events to be materially different than those expressed in
our forward-looking statements. We do not undertake to update our
forward-looking statements.