South Korea Takes Lead in Lithium Power Battery Supremacy - Seite 3

SUPERSIZED BATTERIES FUEL THE FIRE 

Supersized batteries solve a problem that has bedecked the alternative energy industry for a long time. Due to the intermittent nature of sunshine and wind, power production tends to be inconsistent and unpredictable. Batteries enable for smoothing out of these dips in power production, making it more reliable.

With more battery resources needed in the coming years to enable such projects, as well as the booming electric vehicle and consumer electronics markets, there is one element that the world cannot get enough of; lithium.

Lithium is a critical material in the construction of lithium-ion batteries. Because of its light weight and electrochemical potential, it produces batteries with a very high energy density.

As such the prices of lithium have been on a bullish upward trend over the past few years, and as manufacturers get closer to full utilization of existing mining capacity, the trend will definitely continue into the foreseeable future.

What lies ahead for lithium over the next year will almost certainly feel the effects of the battle for battery supremacy. The ultimate winner in either scenario will be the consumer.

POTENTIAL COMPARABLES 

Critical Elements (TSX: CRE)

Critical Elements Corporation, a junior mining company, acquires, explores, and develops mining properties in Canada. It primarily explores for copper, zinc, gold, silver, nickel, lead, lithium, niobium, tantalum, and platinum group elements. Its flagship project is the Rose lithium-tantalum property that consists of 500 claims covering a total area of 260.90 square kilometers, located in the Eastmain greenstone belt. The company was formerly known as First Gold Exploration Inc. and changed its name to Critical Elements Corporation in February 2011. Critical Elements Corporation is headquartered in Montreal, Canada.

Neo Lithium Corporation (TSX: NLC) (OTCQX: NTTHF)

Neo Lithium Corp. engages in the exploration and development of resource properties. The company explores for lithium deposits. It holds interests in the 3Q Project comprising 10 mining claims covering approximately 35,000 hectares located in Tinogasta area, Catamarca province, Argentina. The company has filed a Technical Report with Positive PEA Results on its 3Q Project Showing a Capital Cost reduction of US$98.5M. The company was incorporated in 2016 and is based in Toronto, Canada.