- Global
lithium-ion battery market expected to reach $93.1 billion by 2025,
growing at a CAGR of 17 percent
- High
market demand driven by increasing adoption of electric vehicles, portable
consumer electronics and grid storage systems
- Mobile
Metal Ion geochemical survey initiated over select target areas within
Irgon Lithium Mine Project to locate mineral deposits, provide data for
subsequent drill programs
- Land
package located in a well-established, prolific mining region of Manitoba,
Canada, ranked as one of the world’s most mining-friendly
Vancouver-based exploration company QMC Quantum Minerals
Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is at the forefront of a global
drive to locate and extract one of the world’s most in-demand metals – lithium.
As a key raw material for the manufacture of batteries that power electric vehicles
and next-generation technologies, lithium is particularly sought after because
of its high energy density and safety level. The global lithium-ion battery
market is expected to reach $93.1 billion by 2025, growing at a CAGR of 17
percent, according to a new report by Grand View Research, Inc. (http://ibn.fm/weWd6).
The use of lithium in energy storage systems is expected to
witness the fastest growth with a CAGR of 21 percent over the forecast period
of 2017 to 2025, Grand View Research states in its report. Developments in wind
and solar photovoltaic technology in countries such as Germany, China and the
U.S. are leading the market, with the Asia-Pacific region acting as a dominant
force that’s projected to show a substantial rise due to government policies
promoting electric vehicles.
QMC recently expanded its mineral claim holdings within the
Irgon Lithium Mine Project in Manitoba, Canada, where the company holds a land
package covering over 11,000 acres. The company increased its holdings by
staking nine new claims, totaling 4,784 acres. QMC is the 100 percent owner of
the Irgon Lithium Mine Project, historically estimated to hold 1.2 million tons
grading 1.51 percent lithium oxide (Li2O), a press release states (http://ibn.fm/cLtIc). The
acquisition of these new claims solidifies QMC’s goal of securing and
developing lithium-rich prospects in Manitoba. This area is a well-established,
prolific mining region that’s ranked as one of the world’s most
mining-friendly, with much of the necessary infrastructure already in place.
QMC has also initiated planning of a Mobile Metal Ion
(“MMI”) geochemical survey over select target areas within the Irgon Project
footprint. MMI geochemistry, a proven technique used to locate buried mineral
deposits, will be undertaken by SGS Canada Inc. (“SGS”), the sole provider of
MMI technology. Beginning with an initial orientation over known mineralization
in the Irgon Pegmatite Dike, the MMI geochemical exploration technique will
expand westward along strike to help define any potential buried extensions of
the dike, a company press release states (http://ibn.fm/deGU7).
SGS’s team of engineers and geoscientists will review
existing documents and geological modeling of the historical data to provide
guidance to QMC on its 2018 field program and drilling campaign. Data acquired
through the 2018 exploration program recommended by SGS will be used by SGS to
compile a NI 43-101 technical report, which is expected to confirm and
potentially increase the non-NI 43-101 historical reported resource.
For more information, visit the company’s website at www.QMCMinerals.com
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Editor@QualityStocks.com
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