NEW YORK, February 23, 2017 /PRNewswire/ --
A research report by Markets and Markets claims that the increasing demand of energy-efficient, safe, and low-cost batteries
is the key factor driving the growth of the lithium ion battery market. The market was estimated to grow at a CAGR of 16.6%
between 2016 and 2022. The attraction towards lithium is derived from the consumer electronics and automotive sectors, which
require advanced lithium-ion batteries in higher quantities than before. Lithium ion batteries are a favored choice for consumer
electronics products as a portable power source because of the features of high energy density and less recharge time. The market
for the automotive industry is expected to grow at a higher rate however, as demand from electric vehicle manufacturers for such
batteries is only expected accelerate. Zadar Ventures Ltd. (OTC: ZADDF) (TSX-V: ZAD.V), MGX Minerals Inc. (OTC:
MGXMF), Millennial Lithium Corporation (OTC: MLNLF), Pure Energy Minerals Limited (OTC: PEMIF), Lithium Americas Corporation
(OTC: LACDF)
Edward Lauer, the head of portfolio optimization at Eurasian Resources Group, commented on the
future of the lithium market, "Long-term strong battery demand is very real… Even if demand from commercial and residential
battery storage doesn't materialize to the same extent, consumer electronics and electric vehicle industries will only continue
to grow."
Just this morning Zadar Ventures Ltd . (OTCQB: ZADDF) (TSX-V: ZAD) announced that it "has entered into an
MOU with a private Alberta Company to purchase up to 38,000 hectares of land prospective for lithium bearing petrobrines in
Manitoba. Manitoba is a jurisdiction well-known for its oil
production in the southeast section of the Province and historic lithium production in east central Manitoba at the Tanco Mine at Bernic Lake, Manitoba.
Company President Paul D. Gray, P.Geo. commented, "We are excited to get involved in a new area
of lithium exploration in well-established petroleum production basins. The demand for low cost lithium production in stable
jurisdictions is going to be the key driver in the ever growing energy storage space. These Manitoba petrobrine fields offer a rare opportunity to leverage on the existing handling of saline waters
potentially enriched in lithium at surface, and Zadar will be determining if this is an economically viable opportunity."
Petrobrines are considered to be saline formational waters associated with petroleum production which could potentially be
utilized as feedstock for mineral extraction, including lithium ("Li").
Production of Manitoba petroleum reservoirs has been consistent since the mid 1980s and many
of these oil production reservoirs are either in direct contact with carbonates hosted within the Western Canadian Sedimentary
Basin, such as within the prolific Bakken Formation or are hosted within the actual carbonate lithologies, such as with the Three
Forks Formation oilfields. These sedimentary carbonate rocks are potential source rock for lithium brine accumulation.
In almost all cases oil production wells in these areas produce petroleum that is intimately associated with formational
waters. This water is considered a waste bi-product of petroleum production, and typically rich in dissolved mineral solids and
of high salinity. These saline waters are, in normal course, disposed of by pumping the saline waters into other, usually deeper,
sedimentary formations. As the production well nears its end of life, it is the cost of this water disposal that usually causes
the well to be uneconomic to further produce. A normal well could produce 2000 m[ 3 ] water per
month, all of which could contain an elevated number of dissolved solids.
The determination of the lithium content of these saline waters within the producing petroleum fields is the next step in
lithium exploration as these waters are being brought to the surface and handled on a regular basis. The potential to process
these waters and extract any lithium is the target of petrobrine lithium exploration. This news release has been reviewed and
approved by Mr. Paul D. Gray, P.Geo., who is the Company's qualified person as defined by National
Instrument 43-101."
MGX Minerals Inc. (OTC: MGXMF) (CSE: XMG.CN) is a diversified Canadian mining company engaged in the development of
large-scale industrial mineral portfolios in western Canada. The Company operates lithium,
magnesium and silicon projects throughout British Columbia and Alberta, as well as petro lithium exploration in Utah. Recently, the
company released a maiden N.I. 43-101 compliant mineral resource estimate for its Driftwood Creek magnesium project, which
outlined 8.3 million tonnes grading 43.31% magnesium oxide. In January the Company received a 20-year Mining Lease for Driftwood
Creek. Additionally, the Company is the largest lithium brine land holder in Canada, controlling
nearly 487,000 hectares of land representing over one million barrels of brine production per day.
Millennial Lithium Corporation (OTCQB: MLNLF) recently announced positive results of a recently completed ground
geophysics program at its Cruz Property, located in the Pocitos salar basin in Salta Province,
Argentina. The Cruz Property is being explored in partnership with Southern Lithium Corp. which
has an option to acquire up to 80 percent of the project from Millennial by completing certain cash and share payments, funding
exploration and completing a feasibility study. "The results of this geophysics program appear to confirm our assertion that the
Pocitos basin is highly likely to host significant lithium brine. The basin's proximity to other large resources, it's structural
setting and known chemical indicators are reinforced by these results in justifying and targeting exploration drilling. We are
very encouraged by this program, and grateful to Quantec Argentina for their quality work and thoughtful interpretation. Our plan
now is to commence the drilling program as soon as permitting allows," said Millennial Chief Operating Officer, Iain Scarr.
Pure Energy Minerals Limited (OTCQB: PEMIF) completed Phase 3 drill program at its Clayton Valley South Lithium Brine
Project. According to the statement, hydrogeologists collected multiple representative sections of core from potential aquifers
for testing of physical and hydrogeological properties at accredited laboratories. Pure Energy's team has also conducted
preliminary downhole well logging to assess various formational properties before proceeding with well construction. Initial
observations of formational conductivity, lithology, and porosity, are encouraging and consistent with other productive
lithium-brine exploration boreholes drilled on the Project.
Lithium Americas Corporation (OTCQX: LACDF) together with its joint venture partner SQM, is developing the
Cauchari-Olaroz Lithium project, located in Jujuy, Argentina, through its 50 percent interest in
Minera Exar S.A. In addition, Lithium Americas owns 100% of the Lithium Nevada project, and
RheoMinerals Inc., a supplier of rheology modifiers for oil-based drilling fluids, coatings, and specialty chemicals. The company
intends to become a major supplier of lithium products to the energy storage and electrified vehicle markets. Lithium Americas,
through its wholly-owned subsidiary Hectatone Inc., is a supplier of specialty drilling additives and other organoclay products
for the oil and gas, agricultural, and other industries.
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 regurgitates financial or corporate news through our unique financial newswire and media platform. FinancialBuzz.com expects
to be compensated five thousand dollars for financial news dissemination and pr services by a third
party non affiliate for Zadar Ventures Ltd. 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
SOURCE FinancialBuzz.com