Demand for Lithium to Send Prices Even Higher in 2023 December 20, 2022 - Baystreet.ca With global leaders phasing out combustion engine cars for electric vehicles, we’re running short on key metals, like lithium. Even the International Energy Agency warned that, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.” In addition, lithium prices are only set to soar with supply-demand issues. Automakers are scrambling for supply. And firms, such as Trafigura say lithium “demand will hit 800,000 tons of lithium carbonate equivalent this year — overshooting supply by 140,000 tons — and sees demand rising by a further 200,000 to 250,000 tons annually through 2025.” That’s all good news for companies such as Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), Standard Lithium (TSXV: SLI) (NYSE: SLI), Albemarle Corp. (NYSE: ALB), Livent Corp. (NYSE: LTHM), and Lithium Americas (TSX: LAC) (NYSE: LAC). Look at Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), For Example Grounded Lithium Corp. announced it filed an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects effective November 30, 2022 on our Kindersley Lithium Project. The Updated Technical Report was prepared or under the supervision of certain qualified persons (as defined in NI 43-101) by Sproule Associates Limited, a global leader in subsurface fluid resource evaluations with over seventy years of experience. The Updated Technical Report concludes that the inferred resource of lithium carbonate equivalent for the KLP totals 3.7 million tonnes. This represents a 28% increase from our previous NI 43-101 technical report dated April 15, 2022 which reported a total LCE inferred resource of 2.9 million tonnes for the KLP. The increase is largely the result of continued consolidation of the Company’s overall land base in the KLP as well as key learnings from the Company’s recently completed lithium test well, the results of which were communicated in our press release dated December 13, 2022. The Company’s total land position for the KLP currently equals 266 sections (approximately 69,000 hectares), both gross and net, with total Company landholdings at 300 sections (approximately 78,000 hectares), again both gross and net. The Updated Technical Report incorporates a thorough assessment similar to the rigour used in understanding subsurface fluid dynamics used by operators in the petroleum industry. The Updated Technical Report contains the most accurate representations possible of the subsurface porosity which were derived by completing a petrophysical analysis that corrects porosity measurements for each rock type. With a relatively consistent geology across the area, our analysis involved an extensive three-dimensional geological model correlating or connecting the depositional layers between the wells. In the overall determination, Company owned land parcels within the KLP received this far more accurate representation of the brine-in-place as opposed to a simple general assumption of average porosity and average thickness. The Company’s Updated Technical Report can be found on SEDAR (www.sedar.com) or on the Company’s website (www.groundedlithium.com) Other related developments from around the markets include: Standard Lithium, a leading near-commercial lithium company, announced it has completed all necessary agreements with LANXESS Corporation to secure access to the proposed commercial lithium plant site and conduct all required fieldwork to support the Definitive Feasibility Study (DFS) underway. Standard Lithium is also pleased to report that subsequent to signing the Site Access Agreement, the Company has commenced the site work necessary for the design of its first commercial lithium plant. Dr. Andy Robinson, President of Standard Lithium commented, Albemarle Corp., a leader in the global specialty chemicals industry, announced planned investments of up to $540 million to expand and modernize two bromine facilities in Magnolia, Arkansas, designed to meet growing demand for fire safety and specialty products in several industries, including technology, safety, transportation, and green energy. The planned investments have begun and will continue through 2027. “We have a long, rich history of operations in Columbia County with a strong commitment to both the community and the economy in the region,” said Netha Johnson, Albemarle’s president of Bromine. “The facility investments, along with the jobs and the economic stability they bring, reaffirm our dedication to the area and to meeting our customers’ needs as we work together to build the technologies of the future for a safer, greener world.” Livent Corp. opened the first of several major expansions of the company's operations around the world, significantly boosting its lithium hydroxide production capacity in Bessemer City, North Carolina, a birthplace of lithium-ion battery technology and an increasingly important supply hub for the growing electric vehicle (EV) industry. Livent's leading footprint in North America positions the company to take advantage of long-term growth opportunities and downstream incentives from the recently enacted Inflation Reduction Act (IRA), which encourages use of lithium produced or processed in North America. The expansion in Bessemer City will boost the site's lithium hydroxide manufacturing capacity by 50%, helping meet the growing demand for EV battery materials produced in the United States. Lithium Americas announced that, after months of review by the Company, along with its advisors and the Board of Directors, it intends to advance a reorganization that will result in the separation of its North American and Argentine business units into two independent public companies. The Separation will establish two separate companies that include: An Argentina focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina and a North America focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada and the Company’s North American investments. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Grounded Lithium Corp. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Grounded Lithium Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media 281.804.7972 Ty@wallstreetnation.com
Demand for Lithium to Send Prices Even Higher in 2023 December 20, 2022 - Baystreet.ca With global leaders phasing out combustion engine cars for electric vehicles, we’re running short on key metals, like lithium. Even the International Energy Agency warned that, “The supply of critical minerals crucial for technologies such as wind turbines and electric vehicles will have to be ramped up over the next decades if the planet’s climate targets are to be met.” In addition, lithium prices are only set to soar with supply-demand issues. Automakers are scrambling for supply. And firms, such as Trafigura say lithium “demand will hit 800,000 tons of lithium carbonate equivalent this year — overshooting supply by 140,000 tons — and sees demand rising by a further 200,000 to 250,000 tons annually through 2025.” That’s all good news for companies such as Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), Standard Lithium (TSXV: SLI) (NYSE: SLI), Albemarle Corp. (NYSE: ALB), Livent Corp. (NYSE: LTHM), and Lithium Americas (TSX: LAC) (NYSE: LAC). Look at Grounded Lithium Corp. (TSXV: GRD) (OTCQB: GRDAF), For Example Grounded Lithium Corp. announced it filed an updated National Instrument 43-101 – Standards of Disclosure for Mineral Projects effective November 30, 2022 on our Kindersley Lithium Project. The Updated Technical Report was prepared or under the supervision of certain qualified persons (as defined in NI 43-101) by Sproule Associates Limited, a global leader in subsurface fluid resource evaluations with over seventy years of experience. The Updated Technical Report concludes that the inferred resource of lithium carbonate equivalent for the KLP totals 3.7 million tonnes. This represents a 28% increase from our previous NI 43-101 technical report dated April 15, 2022 which reported a total LCE inferred resource of 2.9 million tonnes for the KLP. The increase is largely the result of continued consolidation of the Company’s overall land base in the KLP as well as key learnings from the Company’s recently completed lithium test well, the results of which were communicated in our press release dated December 13, 2022. The Company’s total land position for the KLP currently equals 266 sections (approximately 69,000 hectares), both gross and net, with total Company landholdings at 300 sections (approximately 78,000 hectares), again both gross and net. The Updated Technical Report incorporates a thorough assessment similar to the rigour used in understanding subsurface fluid dynamics used by operators in the petroleum industry. The Updated Technical Report contains the most accurate representations possible of the subsurface porosity which were derived by completing a petrophysical analysis that corrects porosity measurements for each rock type. With a relatively consistent geology across the area, our analysis involved an extensive three-dimensional geological model correlating or connecting the depositional layers between the wells. In the overall determination, Company owned land parcels within the KLP received this far more accurate representation of the brine-in-place as opposed to a simple general assumption of average porosity and average thickness. The Company’s Updated Technical Report can be found on SEDAR (www.sedar.com) or on the Company’s website (www.groundedlithium.com) Other related developments from around the markets include: Standard Lithium, a leading near-commercial lithium company, announced it has completed all necessary agreements with LANXESS Corporation to secure access to the proposed commercial lithium plant site and conduct all required fieldwork to support the Definitive Feasibility Study (DFS) underway. Standard Lithium is also pleased to report that subsequent to signing the Site Access Agreement, the Company has commenced the site work necessary for the design of its first commercial lithium plant. Dr. Andy Robinson, President of Standard Lithium commented, Albemarle Corp., a leader in the global specialty chemicals industry, announced planned investments of up to $540 million to expand and modernize two bromine facilities in Magnolia, Arkansas, designed to meet growing demand for fire safety and specialty products in several industries, including technology, safety, transportation, and green energy. The planned investments have begun and will continue through 2027. “We have a long, rich history of operations in Columbia County with a strong commitment to both the community and the economy in the region,” said Netha Johnson, Albemarle’s president of Bromine. “The facility investments, along with the jobs and the economic stability they bring, reaffirm our dedication to the area and to meeting our customers’ needs as we work together to build the technologies of the future for a safer, greener world.” Livent Corp. opened the first of several major expansions of the company's operations around the world, significantly boosting its lithium hydroxide production capacity in Bessemer City, North Carolina, a birthplace of lithium-ion battery technology and an increasingly important supply hub for the growing electric vehicle (EV) industry. Livent's leading footprint in North America positions the company to take advantage of long-term growth opportunities and downstream incentives from the recently enacted Inflation Reduction Act (IRA), which encourages use of lithium produced or processed in North America. The expansion in Bessemer City will boost the site's lithium hydroxide manufacturing capacity by 50%, helping meet the growing demand for EV battery materials produced in the United States. Lithium Americas announced that, after months of review by the Company, along with its advisors and the Board of Directors, it intends to advance a reorganization that will result in the separation of its North American and Argentine business units into two independent public companies. The Separation will establish two separate companies that include: An Argentina focused lithium company owning Lithium Americas’ current interest in its Argentine lithium assets, including the near-production Caucharí-Olaroz lithium brine project in Jujuy, Argentina and a North America focused lithium company owning the Thacker Pass lithium project in Humboldt County, Nevada and the Company’s North American investments. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Grounded Lithium Corp. paid three thousand five hundred dollars for advertising and marketing services to be distributed by Winning Media. Winning Media is only compensated for its services in the form of cash-based compensation. Winning Media owns ZERO shares Grounded Lithium Corp. Please click here for disclaimer. Contact: Ty Hoffer Winning Media 281.804.7972 Ty@wallstreetnation.com