Global Lithium Market Continued Rising Demand Increasing Mining Operations Activity

PALM BEACH, Florida, July 24, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Lithium industry professionals remain optimistic about lithium's future as demand for the metal is projected to triple by 2025, according to Lithium Investing News. Growth is expected to be driven by rapid expansion in the lithium-ion battery industry for hybrid and electric vehicles, energy storage systems, and high-drain portable electronics. Global demand for lithium metal is projected to rise 8.9 percent per year through 2019 to 49,350 metric tons. In lithium carbonate equivalent (LCE) terms, the value of the global lithium market is projected to reach $1.7 billion. Since the current state of lithium is very limited, auto manufacturers are beginning to lock-in lithium suppliers. The expectations for the industry are that mining operations for lithium will ramp up significantly to meet demand which could be positive news for companies in sector. Active companies in the mining markets today include: QMC Quantum Minerals Corp. (TSX-V:QMC) (OTC:QMCQF), MGX Minerals Inc. (OTC:MGXMF) (TSX:XMG), Nemaska Lithium Inc. (TSX:NMX) (OTC:NMKEF), Lithium Corporation (OTC:LTUM), Nemaska Lithium Inc. (OTC:NMKEF) (TSX:NMX).

QMC Quantum Minerals Corp. (TSX-V:QMC) (OTCPK:QMCQF) BREAKING NEWS: QMC is pleased to provide an update on the company's 100% owned Irgon Mine Project located within the within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of S.E. Manitoba, which also hosts Cabot Corporation's nearby Tantalum Mining Corporation of Canada ("TANCO") rare-element pegmatite.

QMC Quantum Minerals has initiated the planning of a Mobile Metal Ion ("MMI") geochemical survey over selected target areas within the Irgon Mine Project area. MMI geochemistry is a proven advanced geochemical exploration technique known to find mineral deposits. SGS Canada Inc. ("SGS") is the sole provider of MMI technology. As part of the services contracted to QMC (QMC NR of May 23, 2018), SGS will provide technical support and consulting services to undertake the MMI survey.

SGS's MMI technology is especially well suited to detect buried mineral deposits. At the Irgon Project, it will measure the mobile metal ions (Li, Cs, Nb, Ta, Rb, Be, etc.) in a soil sample that have been released from any underlying rare element pegmatite mineralization. These ions travel upward through the soil profile composed of unconsolidated materials such soil, till, sand, etc. Using careful soil sampling strategies, sophisticated chemical ligands and ultrasensitive instrumentation, SGS is able to measure the concentration of these ions. The main benefits of an MMI survey are the generation of very few false anomalies and any anomalies that are identified are sharp and focused directly over the mineral deposit. The survey has excellent repeatability and low detection limits. After interpretation, MMI data will indicate anomalous target areas on which to focus the subsequent drill program.