NEW YORK, April 26, 2017 /PRNewswire/ --
A recent report by Global Market Insights, Inc. estimates that the Lithium Ion Battery Market size is forecast to cross
USD 53 billion by 2024. The report indicates that, thanks to increasing adoption of portable
electronic devices, the demand for lithium ion batteries are increasing. Ionized lithium has higher stability and heat resistance
properties, and together with faster recharging efficiency when compared with other available alternatives, these batteries are
proven to be effective across a wide range of applications. Low risk of explosion or damage to equipment will further complement
the industry outlook. Renewable and grid storage applications will also surpass USD 12 billion by
2024. Bearing Resources Ltd. (OTC: BRGRF) (TSX-V: BRZ), Tesla Motors, Inc. (NASDAQ: TSLA), Panasonic Corporation (OTC: PCRFY),
Sociedad Quimica y Minera de Chile (NYSE: SQM), Albemarle Corporation (NYSE: ALB)
The growing adoption of plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs), together with
favorable regulations including subsidies and tax rebate, should stimulate the lithium ion battery market share. In addition,
renewable and grid energy applications are predicted to witness growth of over 9%, with the increased emphasis on effective
storage and use of sustainable sources in developed nations.
Bearing Resources Ltd. (OTCQB: BRGRF) (TSX-V: BRZ) earlier today announced that it has filed a technical report (the
'Technical Report') for the Maricunga Lithium Project. The Technical Report is available on SEDAR and will be posted on the
Company website shortly. The Technical Report was prepared in accordance with the requirements of National Instrument 43-101 -
Standards of Disclosure for Mineral Projects ('NI 43-101')
The Company has entered into a definitive agreement to acquire Li3 Energy Inc. ('Li3') and its interest in the Maricunga
Lithium Project (the 'Li3 Definitive Agreement'). Li3 currently holds a 17.7% interest in the Maricunga Lithium Project.
Jeremy Poirier, President and Chief Executive Officer of the Company, commented: "We are
pleased to have filed the Technical Report for the historical resource on the property. We are optimistic that this resource,
which is based on the work previously done by Li3 back in 2011 and 2012, may expand given the new tenements which were added and
drilled subsequent to this resource estimate. While the resource outlined in this report was predominantly defined down to a
vertical depth of 150 metres, subsequent drilling released earlier this year was done to 200 metres with one hole testing the
depth potential bottomed in high-grade brine at 360 metres. We anticipate delivering this updated resource estimate later this
quarter (Q2/17)."
Technical Report Highlights
The Technical Report titled 'Maricunga Lithium Project Region III, Chile' was authored by
Don H. Hains, P.Geo who is the qualified person as defined by NI 43-101 and is responsible for the
preparation of the report and the technical disclosures therein.
The Technical Report outlined a Measured and Inferred resource on the Litio tenements, which account for 1,439 hectares of the
4,464-hectare total Maricunga tenement package. Solely based on the results from a 2011 exploration program completed by Li3, a
Measured resource of 107,850 tonnes of lithium plus an Inferred resource of 10,590 tonnes of lithium, both of which are at an
average grade of 1,250 mg/L lithium. A potassium resource was also defined with 776,250 tonnes in the Measured category and
76,320 tonnes in the Inferred category, both of which are at an average grade of 8,970 mg/L potassium. Expressed in more common
compounds, the Measured resource totals 574,064 tonnes of lithium carbonate and 1,482,638 tonnes of potash plus an Inferred
resource of 56,368 tonnes of lithium carbonate and 145,771 tonnes of potash. Don Hains, P.Geo.,
who is a technical consultant to the Company and is a qualified person within the context of NI 43-101, has read and takes
responsibility for this news release.
Tesla Motors, Inc. (NASDAQ: TSLA) and Panasonic Corporation (OTC: PCRFY) have signed an agreement that lays out
their cooperation on the construction of a large-scale battery manufacturing plant in the United
States, known as the Gigafactory. The Gigafactory will produce cells, modules and packs for Tesla's electric vehicles and
for the stationary storage market. According to a blog by the Tesla Team from January 4, 2017,
"Finally, bringing cell production to the U.S. allows us to create thousands of American jobs. In 2017 alone, Tesla and Panasonic
will hire several thousand local employees and at peak production, the Gigafactory will directly employ 6,500 people and
indirectly create between 20,000 to 30,000 additional jobs in the surrounding regions."
Sociedad Quimica y Minera de Chile (NYSE: SQM) is an integrated producer and
distributor of specialty plant nutrients, iodine, lithium, potassium-related fertilizers and industrial chemicals. Recently the
company reported for the fourth quarter of 2016, reporting net income of US$80.9 million
(US$0.31 per ADR) compared to US$44.6 million (US$0.17 per ADR) for the fourth quarter of 2015. Gross profit for the fourth quarter 2016 reached US$204.8 million; higher than the US$118.0 million recorded for the fourth
quarter 2015. Revenues for the fourth quarter 2016 totaled US$553.8 million, an increase of
approximately 34.6% compared to the fourth quarter 2015, when revenues amounted to US$411.3
million. We entered into an agreement with the Department of Justice and the Securities.
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine
and refining catalysts. On March 16th, the company announced that Talison, a joint venture
between Albemarle and Tianqi Lithium Corporation, has approved the expansion of lithium concentrate production at its
Greenbushes, Australia spodumene mine. Greenbushes is the world's largest active lithium mine. It has the largest hard
rock lithium reserve, and contains the highest concentration of lithium oxide available of any active mine. "This project is
integral to our announced lithium expansion plans so that we can meet the growing needs of our customers," said John
Mitchell, President, Lithium and Advanced Materials for Albemarle. "The expansion of the mine and ore upgrading facilities
is a key deliverable in our supply strategy to grow total combined lithium carbonate equivalent (LCE) production to approximately
165,000 MT/year early in the next decade."
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 dissemination,
branding, marketing and advertising for third parties for corporate 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
media buys or 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 or bias commentary as we purely incorporate public market information 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 thirteen thousand five hundred dollars for financial news dissemination and PR services by a third party non affiliate for
bearing resources ltd. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on
this editorial or 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 editorial or 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
this editorial or 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 editorial and 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:
info@financialbuzz.com
+1-877-601-1879
URL: http://www.FinancialBuzz.com
SOURCE FinancialBuzz.com