Lithium Market Booming Again Fueled by Advanced Battery Technology

PALM BEACH, Florida, April 19, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

The Global demand and renewed interest for lithium is growing again, thanks to advancements in battery technology and the rapid expansion of renewable energy, which uses lithium batteries to store power and improve efficiency. In addition it is believed that future demand for lithium will be driven by the continued expansion in electric vehicles (EV) which depend on lithium batteries. A single Tesla Model S uses more lithium than 10,000 smartphones. According to data from INN Daily, the global lithium demand is projected to triple by 2025 as electronic vehicles become more prevalent and mainstream. According to Statista, over 200,000 million metric tons of lithium was consumed in 2017. As demand continues to rise, industry leaders are competing for promising locations for mining operations while also maximizing current mining operations. Active companies in the mining markets today include: NRG Metals Inc. (TSX-V: NGZ) (OTC: NRGMF), Lithium Americas Corp. (NYSE: LAC) (TSX: LAC), Nemaska Lithium Inc. (TSX: NMX) (OTC: NMKEF), Lithium Corporation (OTC: LTUM), Lundin Mining Corporation (TSX: LUN.TO) (OTC: LUNMF).

NRG Metals Inc. (TSX-V: NGZ) (OTCQB: NRGMF) (Frankfurt OGPN) BREAKING NEWS: NRG Metals is pleased to announce that drilling on a second test well is progressing at the Salar Escondido Lithium Project, comprised of 29,180 hectares (72,100 acres), and located in Catamarca Province, Argentina. A rotary drill operated by drilling contractor Water Drilling ( "WD ") had completed 87 meters as of Tuesday, April 17th. The hard basaltic layer encountered in the previous hole was not encountered in this well. It is expected to reach the target depth of approximately 110 meters in the next day or two. WD is contracted to drill an 8.5-inch diameter rotary hole up to a depth of 400 m. This second hole is located approximately one kilometer south of the Company's initial diamond drill hole, which was completed to a depth of 307 meters in December 2017. The objective is to further quantify and confirm to depth, lithium values encountered in the top of the first test well, which was not completed to depth due to hole instability.