Swelling Global Lithium Market Forecasted To Top $46 Billion By
2022, Company Announces Acquisition Of 1200 Acres of Nevada Lithium
Mining Project
Coral Springs, FL -- April 13, 2016 -- InvestorsHub
NewsWire -- According to a new report published by Allied Market
Research titled, "World Lithium-Ion Battery Market: Opportunities
and Forecasts, 2015-2022 - the global lithium-ion battery market is
expected to generate revenue of $46.21 billion by 2022. The
Automotive sector is expected to witness the highest growth during
the forecast period owing to the rising demand for electric/hybrid
vehicles. Today's Active Companies in the Lithium space with
current developments of importance are Nevada Energy Metals
Inc. (OTC: SSMLF) (TSXV: BFF), Chemical & Mining Co. of
Chile Inc. (NYSE: SQM), Tesla Motors Inc. (NASDAQ: TSLA), Albemarle
Corporation (NYSE: ALB) and FMC Corporation (NYSE: FMC)
Nevada Energy Metals Inc. (OTC: SSMLF) (TSXV: BFF) is
pleased to announce the acquisition of 60 claims (approximately
1200 acres/484 hectares) in Clayton Valley, Esmeralda County,
Nevada. The Clayton Valley BFF-1 Lithium Project southern
boundary lies 250 meters from Albemarle Corporation's Silver Peak
lithium mine and brine processing operations. The mine has been in
operation since 1967 and remains the only brine based lithium
producer in North America. It is also the location of Pure Energy
Minerals'816,000 metric tonnes Lithium Carbonate Equivalent (LCE)
Inferred Resource NI 43-101 announced in July 2015. Clayton
Valley's centralized location between Nevada and Reno and its
highways, access to power, water and labor provide excellent
infrastructure for mineral exploration and development. The Clayton
Valley BFF-1 Lithium Project is approximately 3.5 hours away from
Tesla's Gigafactory, which has a planned annual lithium-ion battery
production capacity of 35 gigawatt-hours per year by 2020.
Read the full Nevada Energy Metals (OTC: SSMLF / BFF.V) Press
Release at http://www.financialnewsmedia.com/profiles/ssmlf.html
Clayton Valley is one of the few locations globally known to
contain commercial-grade lithium-enriched brine. The Valley is an
internally drained closed-basin and is surrounded by mountains,
hills and ridges on all sides. It contains an underground
unconsolidated water bearing system (or aquifer system) which is
host to lithium-enriched brines and is contained by the surrounding
rock. The decision to acquire the project was based on
descriptions of geological modeling and historical drilling results
(Western Geothermal Ltd) in a report authored by J.B. Hulen, PG,
(July 31,2008). Mr Hulen concluded that shallow thermal-gradient
drilling and lithium-exploration drilling by previous operators
demonstrated that the area underlying this portion of Clayton
Valley contained the valley's highest subsurface temperatures.
In other news and recent happenings around the sector:
Chilean chemicals firm Chemical & Mining Co. of Chile Inc.
(NYSE: SQM) said on recently that it had entered into a joint
venture with Canadian junior miner Lithium Americas (OTC: WLCDF) to
develop a lithium project in Argentina, at a time when demand and
prices for the key battery ingredient are rocketing. SQM and
Lithium Americas said in a statement that they will immediately
move forward with an updated feasibility study for the
Cauchari-Olaroz lithium project near the Chilean and Bolivian
borders. The study will examine the economic feasibility of a
project with annual output of 40,000 tonnes of lithium carbonate
equivalent, they said.
Tesla (NASDAQ: TSLA) Q1 deliveries consisted of 12,420 Model S
vehicles and 2,400 Model X vehicles. Q1 deliveries were almost 50%
more than Q1 last year and Tesla remains on track to deliver 80,000
to 90,000 new vehicles in 2016. The Q1 delivery count was
impacted by severe Model X supplier parts shortages in January and
February that lasted much longer than initially expected. Once
these issues were resolved, production and delivery rates improved
dramatically. By the last full week of March, the build rate rose
to 750 Model X vehicles per week, however many of these vehicles
were built too late to be delivered to their owners before end of
quarter. Tesla Motors, Inc. designs, develops, manufactures,
and sells electric vehicles and stationary energy storage products
in the United States, China, Norway, and internationally. It
primarily offers sedans and sport utility vehicles. The company
also offers electric vehicle powertrain components and systems to
other manufacturers.
Albemarle Corporation (NYSE: ALB), a leader in the global
specialty chemicals industry, announced this week that it will
release its first quarter 2016 earnings after the NYSE closes
on Tuesday, May 10, 2016. The company will hold its
conference call to discuss first quarter 2016 results
on Wednesday, May 11, 2016 at 9:00 am ET. This call is being
webcast by NASDAQ and can be accessed at Albemarle Corporation's
website at http://investors.albemarle.com or by phone at the
following number: Dial-In #:888-680-0892 - International
Dial-In #: 617-213-4858 - Participant Passcode: 614 477 42 -
Albemarle develops, manufactures and markets technologically
advanced and high value added products, including lithium and
lithium compounds, bromine and bromine derivatives, catalysts and
surface treatment chemistries used in a wide range of
applications
FMC Corporation (NYSE: FMC) last week announced it will release
its first quarter 2016 earnings onMonday, May 2, 2016, after the
stock market close via PR Newswire and the company's website
at:http://www.fmc.com. The company will host a
webcast conference call on Tuesday, May 3, 2016, at 9:00
a.m. ET that is open to the public via Internet broadcast and
telephone. Dial-in telephone numbers: U.S. /
Canada: (800) 288-8974 -
International: (612) 332-0430 - Conference ID
# 378963 - For more than a century, FMC Corporation has served the
global agricultural, industrial and consumer markets with
innovative solutions, applications and quality products. FMC
acquired Cheminova in April 2015. Revenue totaled
approximately $3.3 billion in 2015. FMC employs approximately 6,000
people throughout the world and operates its businesses in three
segments: FMC Agricultural Solutions, FMC Health and Nutrition and
FMC Lithium.
FinancialNewsMedia.com is leading provider of third party
publishing & news dissemination services. If you would
like more information regarding our news coverage solutions, please
visit financialnewsmedia.com for more details. Get
an edge on the market with our Premium News Alerts that are FREE
for a limited time at financialnewsmedia.com. Follow us
on Facebook: facebook.com/financialnewsmedia and
Twitter: twitter.com/FNMgroup.
DISCLAIMER: FN Media Group LLC (FNMG) is a third party
publisher and news dissemination service provider, which
disseminates electronic information through multiple online media
channels. FNMG is NOT affiliated in any manner with any
company mentioned herein. FNMG and its affiliated companies
are a news dissemination solutions provider and are NOT a
registered broker/dealer/analyst/adviser, holds no investment
licenses and may NOT sell, offer to sell or offer to buy any
security. FNMG's market updates, news alerts and corporate
profiles are NOT a solicitation or recommendation to buy, sell or
hold securities. The material in this release is intended to
be strictly informational and is NEVER to be construed or
interpreted as research material. All readers are strongly
urged to perform research and due diligence on their own and
consult a licensed financial professional before considering any
level of investing in stocks. All material included herein is
republished content and details which were previously disseminated
by the companies mentioned in this release. FNMG is not
liable for any investment decisions by its readers or
subscribers. Investors are cautioned that they may lose all
or a portion of their investment when investing in stocks.
For current services performed FNMG has been compensated three
thousand nine hundred dollars for news coverage of the current
press release issued by Nevada Energy Metals Inc. by a
non-affiliated third party. FNMG HOLDS NO SHARES OF ANY
COMPANY NAMED IN THIS RELEASE.
This release contains "forward-looking statements" within the
meaning of Section 27A of the Securities Act of 1933, as amended,
and Section 21E the Securities Exchange Act of 1934, as amended and
such forward-looking statements are made pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. "Forward-looking statements" describe future expectations,
plans, results, or strategies and are generally preceded by words
such as "may", "future", "plan" or "planned", "will" or "should",
"expected," "anticipates", "draft", "eventually" or "projected".
You are cautioned that such statements are subject to a multitude
of risks and uncertainties that could cause future circumstances,
events, or results to differ materially from those projected in the
forward-looking statements, including the risks that actual results
may differ materially from those projected in the forward-looking
statements as a result of various factors, and other risks
identified in a company's annual report on Form 10-K or 10-KSB and
other filings made by such company with the Securities and Exchange
Commission. You should consider these factors in evaluating the
forward-looking statements included herein, and not place undue
reliance on such statements. The forward-looking statements in this
release are made as of the date hereof and FNMG undertakes no
obligation to update such statements.
Contact Information:
Company: FN Media Group, LLC
Contact email: editor@financialnewsmedia.com
U.S. Phone: (954)345-0611
URL: www.financialnewsmedia.com
Source: FN Media Group