Lithium Remains in Record High Demand Based on Booming EV Revolution

PALM BEACH, Florida, October 2, 2018 /PRNewswire/ --

FinancialNewsMedia.com News Commentary 

The lithium industry remains highly competitive as global supplies are challenged, leading industry leaders to seek competitive advantages as it relates to mining and production levels. Additionally, the long-term outlook for lithium has been adjusted to be viewed in a positive light according to analysts due to various economic and political forces around the globe. According to Roskill, demand for the metal is projected to double over the next decade. Tesla, Volkswagen and other electric-vehicle manufacturers are gobbling up lithium for its use in lithium-ion batteries that power electric cars. With the rise of electric vehicles and other lithium-powered devices, growth in the lithium market is not anticipated to slow anytime soon. Active stocks in the markets this week include NRG Metals Inc. (TSX-V:NGZ) (OTC:NRGMF). Lithium Americas Corp. (TSX:LAC) (NYSE:LAC), Orocobre Ltd. (TSX:ORL) (OTC:OROCF), Advantage Lithium Corp. (TSX-V:AAL) (OTC:AVLIF), FMC Corporation (NYSE:FMC).

NRG Metals Inc. (TSX-V:NGZ.V) (OTCQB:NRGMF) BREAKING NEWS: NRG Metals is pleased to report a maiden lithium ("Li") and potassium ("K") resource statement for its Hombre Muerto Norte lithium brine project in the Salta province of Argentina. The NI 43-101 resource statement, detailed in Table 1 below, includes 509,000 tonnes (metric tons) of lithium carbonate ("Li₂CO₃") equivalent ("LCE") and 1,609,000 tonnes of potash ("KCl") equivalent in the Measured and Indicated Resource categories, with an additional 62,000 tonnes of LCE and 231,000 tonnes KCl in the Indicated Resource category.

Adrian Hobkirk, President and CEO of NRG, commented, "We are very excited to see a robust and high-grade 43-101 resource estimate from our hydrogeological consultants. "The Company now has a high-quality defined resource estimate with positive chemical characteristics that will hopefully allow us to advance the project through feasibility studies to production should the economic viability and technical feasibility of the project be established."

Table 1. Hombre Muerto North Lithium Brine Resource Statement 

   
                         Li2CO3              KCl
    Resource  Li         Equivalent K        Equivalent
    Category  (tonnes)   (tonnes)   (tonnes) (tonnes)
    Measured  96,000     509,000    844,000  1,609,000
    Indicated 12,000     62,000     121,000  231,000
    M+I       108,000    571,000    965,000  1,840,000