The Auto Channel
The Largest Independent Automotive Research Resource
The Largest Independent Automotive Research Resource
Official Website of the New Car Buyer

Electric Vehicle Manufacturers are Helping the Lithium Market

NEW YORK, March 27, 2017 --

FinancialBuzz.com News Commentary 

The Global Lithium-Ion Battery Market size is expected reach $46.21 billion by 2022, with a CAGR of 10.8% during the forecast period (2016-2022), according to a recent report by Allied Market Research. The lithium-ion battery industry is highly fragmented with the presence of large number of domestic players that occupy around 60% market share of the overall figure, and the market for these batteries is expected to witness a significant growth owing to their increasing use in smartphones, tablets/PCs, digital cameras, and power tools. SourcingLink.net, Inc. (OTC: SNET), Lithium Americas Corporation (OTC: LACDF), Advantage Lithium Corporation (OTC: AVLIF), Lithium Corporation (OTC: LTUM), Pure Energy Minerals Limited (OTC: PEMIF).

The report also indicates that the demand for lithium-ion batteries in the automobile industry is expected to increase with the increasing demand for electric vehicles. These batteries have gained popularity among the automobile manufacturers looking for innovative energy source, as lithium offers an alternative to nickel metal batteries used in electric vehicles, due to their small size and light weight.

SourcingLink.net, Inc. (OTC: SNET) states that it, 'is a U.S. Based publicly traded exploration and development company with a portfolio of claims containing lithium, tantalum, rare metals and rare earth elements, which are among the primary input materials of technology in the 21st century.'

Last week or on March 23rd, SourcingLink.net Inc. announced that, 'President, Chuck Wagner, had a phone call with lead geologist, Wayne Holmstead, and finalized plans for the first exploration of 2017 to commence on May 15th. On the call, Wayne mentioned the snow is typically clear by the first week of May, so to be safe, the exploration was scheduled for the 15th, to optimize chances for workable weather conditions.'

"I am excited for the exploration, so early in the mining season, and uncovering more of what has already been found, at the Lac Fire claims." - Chuck Wagner, President of SNET

Lithium Americas Corporation (OTC: LACDF) together with its joint venture partner SQM, is developing the Cauchari-Olaroz lithium project, located in Jujuy, Argentina, through its 50% interest in Minera Exar S.A. On February 28, Lithium Americas provided an update for the Cauchari-Olaroz lithium project. As previously announced, Minera Exar is pursuing a development plan at Cauchari-Olaroz that targets 50,000 tonnes per annum ('tpa') of lithium carbonate production capacity in two stages, with each stage consisting of 25,000 tpa of lithium carbonate. A feasibility study ('Stage 1 DFS') on the first stage of 25,000 tpa of lithium carbonate production capacity ('Stage 1') is nearing completion.

Advantage Lithium Corporation (OTCQB: AVLIF) is a resource company specializing in the strategic acquisition, exploration and development of lithium properties and is headquartered in Vancouver, British Columbia. On March 16, the Company announced that it had entered into a definitive purchase agreement with Orocobre Limited ('Orocobre') - one of Argentina's leading lithium producers - and Miguel Alberto Peral ('Peral'), to indirectly acquire an initial 50% interest, with an option to acquire a total of 75%, in Orocobre's Cauchari Project and a 100% interest in five lithium brine properties located in the northern provinces of Jujuy, Salta and Catamarca in Argentina's lithium triangle (the 'Argentine Properties').

Lithium Corporation (OTCQB: LTUM) is a junior mining company focused on creating shareholder value through the discovery and development of lithium and related mineral resources. Lithium is a strategic mineral with strong and increasing demand from the portable energy sector, particularly for use in batteries to power hybrid and electric vehicles. Lithium Corporation is currently exploring two wholly owned prospects located in the State of Nevada, USA and two prospects in British Columbia, Canada. The company's projects are: Fish Lake Valley, San Emidio, North Big Smoky, Hughes Property, and BC Sugar- Graphite.

On March 09, Pure Energy Minerals Limited (OTCQB: PEMIF) announced that it had closed its acquisition of a purchase option on lithium brine mining concessions in Salta, Argentina that was announced on January 10, 2017. The Company has executed a definitive property purchase agreement under Argentine law (the 'Agreement') with the private owners of more than 13,000 hectares (32,000 acres) on the Pocitos Salar in Salta, Argentina (the 'Properties'). Designated as the Terra Cotta Project, the Company has commenced the technical evaluation and design of its exploration program for the first half of 2017.

Please SIGN UP NOW at http://www.FinancialBuzz.com To Receive Alerts on Trending Financial News from all these companies. "The Latest Buzz in Financial News"

Subscribe Now! Watch us report from NYSE https://www.youtube.com/FinancialBuzzMedia

Follow us on Twitter for real time Financial News Updates: https://twitter.com/financialbuzz

Follow and talk to us on Instagram: https://www.instagram.com/financialbuzz

Facebook Like Us to receive live feeds: https://www.facebook.com/Financialbuzz/

About FinancialBuzz.com 

FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR branding, marketing and advertising for third parties for disseminating news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the 'Site') is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. Financialbuzz.com has not been compensated directly by any of the companies mentioned here in this editorial. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions as we purely incorporate public market research along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For this release, FinancialBuzz.com has been compensated three thousand dollars for financial news dissemination and pr services by a third party non affiliate for Sourcinglink.net, Inc. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on the Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use. Please visit: http://www.financialbuzz.com

For further information:
Media Contact:
info@financialbuzz.com
+1-877-601-1879
Url: http://www.FinancialBuzz.com

SOURCE FinancialBuzz.com