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Dec. 9, 2021, 8:36 a.m. EST

Production Of Lithium Set To Almost Triple By 2025 To More Than 1.5 Million Metric Tons as Demand Jumps

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Continue to rapidly advance the first commercial project proposed for the Lanxess facility; Accelerate and expand the Company's development of the South West Arkansas Lithium Project; Continue to develop and commercialise modern lithium extraction and processing technologies and work collaboratively with Koch Engineered Solutions ("KES") businesses; and, Allow for strategic project expansion.

The Company, along with several Koch Industries subsidiaries, is also exploring opportunities to work collaboratively in several key areas. These potentially include working with KES which provides key process equipment, engineering, procurement, and construction services; as well as Koch Minerals & Trading which is involved in the trading of many of the materials that will be required by the Company in the future, as well as the lithium products it intends to produce.

American Lithium Corp. (otcqb:LIACF) /zigman2/quotes/207915256/delayed CA:LI -7.77% recently announced that initial exploration drilling has been launched at TLC North (Big Smoky acquisition land) near Tonopah Nevada. Initial drilling has successfully drilled thick intersections (up to 96.9 m / 318 ft) of lithium-bearing claystone.

A drone magnetic geophysical survey is also being flown across a large portion of the TLC project area to provide detailed geophysical information as the Company finalizes the precise positioning of drill collars for its next phase of development drilling under its Plan of Operations filed in January 2021 and expected to receive final approval in mid-late December 2021.

Neo Lithium Corp. (otcqx:NTTHF) recently announced positive results of a National Instrument 43-101 Feasibility Study (“FS”) for the production of lithium carbonate from its wholly owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina.

The Technical Report, which is currently on QP review stage, was prepared by Worley, a leading global provider of professional project and asset services in the energy, chemicals and resources sectors with extensive experience in the design and construction of some of the largest and lowest cost lithium brine processing facilities in Chile and Argentina. The resource and reserve estimate were completed by brine resource and reserve experts Groundwater Insight Inc. (“Groundwater”).

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated forty nine hundred dollars for news coverage of the current press releases issued by First Energy Metals Ltd. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

SOURCE Financialnewsmedia.com

The post Production Of Lithium Set To Almost Triple By 2025 To More Than 1.5 Million Metric Tons as Demand Jumps appeared first on Financial News Media .

COMTEX_398613880/2608/2021-12-09T08:36:23

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/zigman2/quotes/207915256/delayed
CA : Canada: TSX Venture
$ 1.90
-0.16 -7.77%
Volume: 466,943
June 29, 2022 3:58p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$422.34 million
Rev. per Employee
N/A
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