Lithium Regaining Popularity as Mining Production Increases

PALM BEACH, Florida, January 26, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary

Since 2017, the lithium and cobalt industries have gone through several positive changes while auto manufacturers commit to the production electric and plug-in hybrid vehicles. These commitments from several manufacturers have activated the battery supply chain from lithium extraction and exploration to battery cell and module manufacturing. In addition, secondary applications for lithium batteries, such as smartphones, electronics as well as innovative energy storage, continue to make incredible strides and advancements.  According to a report published by Zion Market Research, global lithium-ion battery market was valued at around USD $31.17 billion in 2016 and is expected to reach USD $67.70 billion by end of 2022, growing at a CAGR of slightly above 13.70% between 2017 and 2022. Today's active miners in the market include:  NRG Metals Inc. (OTC: NRGMF) (TSX-V: NGZ), Sociedad Quimica y Minera de Chile (NYSE: SQM), Lithium Americas Corp. (TSX: LAC) (OTC: LACDF), Lithium X Energy Corp. (TSX-V: LIX) (OTC: LIXXF), eCobalt Solutions Inc. (TSX: ECS) (OTC: ECSIF).

NRG Metals Inc. (OTC: NRGMF) (TSX-V: NGZ) is pleased to announce the results of a recent sampling program at the Company's 3,237 hectare Hombre Muerto Norte lithium project in Salta Province, Argentina. The results are summarized in a table that can be seen at: http://www.marketnewsupdates.com/news/nrg.html

Jose de Castro, COO of NRG, commented: "We are delighted by the by the high lithium values and the favorable low Mg/Li ratios at Hombre Muerto Norte. NRG recently obtained permits from the provincial government of Salta for drilling and construction of evaporation test ponds, and the Company expects to award a drilling contract and commence construction of the test ponds shortly."

The Hombre Muerto Norte project is located at the northern end of the prolific Hombre Muerto Salar, adjacent to FMC's producing Fenix lithium mine and Galaxy Resources' Sal de Vida development stage project. The Fenix mine is the largest producing lithium mine in Argentina, and the Sal de Vida project is the largest development stage lithium project in Argentina.

The sampling was conducted during the second week of January and supervised by Mark Rosko of Montgomery & Associates of Santiago, Chile. Mr. Rosko is a Qualified Person under National Instrument 43-101. Measurements in the field included pH, conductivity, temperature and density, and the field measurements were consistent with the same measurements made in the laboratory.  The samples were analyzed by the Alex Stewart laboratory in Jujuy, Argentina. Alex Stewart employed Inductively Coupled Plasma Optical Emission Spectrometry ("ICP-OES") as the analytical technique for the primary constituents of interest, including those shown in the table. Alex Stewart maintains a strict internal QA/QC program employing multiple standards, re-analyses by AA and calculation of ionic balances.  Mr. Rosko introduced blanks and duplicate samples for QA/QC, and all QA/QC results corroborate the analyses reported in this press release. As reported in the Company's 43-101 Technical Report dated October 2017, CSAMT geophysical data (controlled source audio-frequency magneto-tellurics) suggests that the brine zone may extend to considerable depth, as illustrated on the following cross section that extends from the Alba Sabrina property on the west to the Tramo property on the east. Read this entire release and additional NRG Metals news at: http://www.marketnewsupdates.com/news/nrg.html