NEW YORK, November 29, 2017 /PRNewswire/ --
According to data compiled by Grand View Research, the global lithium-ion battery market is expected to reach $93.1 billion by 2025 and growing at a CAGR of 17 percent. The strong growth rate is based off the increasing
usage of lithium-ion batteries. These batteries are used for many commonly used products such as electric vehicles, portable
electronics, and grid energy storage systems. Lithium-ion batteries are high in energy density and high in safety ratings, which
is driving the market demand higher. Energy storage grids drive a majority of the lithium-ion market. The focus in the near
future however, will be the adoption rate of electric cars. The EU has now pushed to transition into electric vehicles and
banning diesel powered ones. Quantum Cobalt Corp. (CSE: QBOT), Ford Motor Company (NYSE: F), Albemarle Corporation (NYSE: ALB),
Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM), General Motors Co. (NYSE: GM)
A major component of the lithium-ion battery market is cobalt. Reuters reported that by 2020, 75 percent of lithium-ion
batteries will contain cobalt, whose properties allow electric cars to extend their range between charges, according to eCobalt
Solutions. "Future demand for cobalt from the EV (electric vehicle) sector is looking tangible and is more positive than
originally expected," one commodity-focused fund manager said according to the Reuters report. "China has some aggressive plans in terms of electric vehicles. It will be a major driver behind cobalt
consumption growth."
Quantum Cobalt Corp. (CSE: QBOT) is currently listed on the Canadian Stock Exchange under the Ticker 'QBOT'. Yesterday
the company announced that, "it has completed a first pass exploration program on the Kahuna Cobalt Property (the "Kahuna
Property" or the "Property"), located 14km North East of Temagami, Ontario. The property
lies in the famous 'Cobalt' province and is approximately 37km south of the town of Cobalt, Ontario. In the 1920's Friday Mines worked the property, with 5 tonnes of ore mined at a grade of 22%
Co.
Within the Friday shaft dump, quartz and carbonate veins were observed in a Nipissing diabase host rock.
Mineralisation was observed to be closely associated with carbonate veining. Mineralisation included massive sulphides, pyrite,
chalcopyrite, arsenides and cobalt bloom. Mineralisation occurred in patchy blebs, veins, massive sulphides and is disseminated.
Prior sampling recorded values of up to 22% cobalt from the waste rock on the property.
In total, 28 rock samples and 166 soil samples were collected on the project with pending results.
The Kahuna Cobalt property is located 14 km northeast of the town of Temagami and 37km south of the town
of Cobalt near the eastern border of Ontario. The district is mining friendly having a rich history of cobalt and
silver production. The epicentre of past producing cobalt mines in Ontario. The Kahuna Cobalt property is comprised of 77
claim units and covers approximately 1,200 hectares.
The Property is accessible by boat from Lorrain Lake which is accessed by 12 km of well maintained gravel surface
roads off of leaving a major paved highway connecting the nearby town of Temagami and New Liskeard. The property
is located 12 km from rail and power distribution lines.
Cobalt and silver mineralization occurs in calcite veins within the Nipissing Diabase as erythrite and native silver. The
grade of 5 tonnes of material collected during past production was reported to be 22% Cobalt, and an assay of 20 oz/t Silver
was reportedly obtained from a vein on the property…"
Ford Motor Company (NYSE: F) is a global company based in Dearborn, Michigan. The
company designs, manufactures, markets and services a full line of Ford cars, trucks, SUVs, electrified vehicles and Lincoln luxury vehicles. Recently, the company launches its first plug-in Hybrid vehicle for police and
government customers. The Special Service Plug-In Hybrid Sedan, the first plug-in hybrid police vehicle from Ford, is designed
for police and fire chiefs, detectives, and other government personnel whose jobs don't require a pursuit-rated vehicle. The
vehicle's 3.3-kilowatt onboard charger allows agencies to fully charge the 7.6-kilowatt-hour battery in just 2.5 hours on a
240-volt, level-two charger. The lithium-ion battery can move the vehicle up to 21 miles on a single charge and up to 85 mph on
battery power alone.
Albemarle Corporation (NYSE: ALB) is a global specialty chemicals company with leading positions in lithium, bromine and
refining catalysts. On November, 2017, the company reported third quarter 2017 net sales of $754.9
million, earnings of $118.7 million and adjusted EBITDA of $209.4
million. Lithium and Advanced Materials reported net sales of $343.6 million in the third
quarter of 2017, an increase of 42.9% from third quarter 2016 net sales of $240.4 million. The
$103.1 million increase in net sales as compared to prior year was primarily due to favorable
pricing impacts, increased sales volumes and $1.6 million of favorable currency exchange impacts.
Adjusted EBITDA for Lithium and Advanced Materials was $130.2 million, an increase of 42.0% from
third quarter 2016 results of $91.7 million.
Sociedad Quimica y Minera de Chile S.A. (NYSE: SQM) is an integrated producer and distributor of lithium, iodine,
specialty plant nutrients, potassium-related fertilizers and industrial chemicals. On September 11,
2017, the company announced that the Company and its subsidiary SQM Australia Pty Ltd, have signed a purchase agreement
with MH Gold Pty Ltd, Montague Resources Australia Pty Ltd and Kidman Resources Limited to acquire 50% of the assets in the
lithium mining project called Mount Holland, located in the State of Western Australia,
Australia. In compliance with the Conditions, SQM Australia and the Sellers will sign, among
others, a joint venture agreement for the development, construction and operation of the mining project, a concentration plant
and a refining plant to produce lithium carbonate and lithium hydroxide, and the agreements allowing said joint venture to
explore and exploit lithium on the mining property of the Sellers not included in the Agreement.
General Motors Co. (NYSE: GM), its subsidiaries and joint venture entities produce and sell vehicles under the Chevrolet,
Cadillac, Baojun, Buick, GMC, Holden, Jiefang and Wuling brands. On October 12, 2017, the company announced it appointed Pamela Fletcher, who led
the team that successfully launched the Chevrolet
Bolt EV and created the plan to accelerate us along the pathway to our vision of a zero emissions world, to the newly created
position of vice president, Global Electric Vehicle Programs. In this new role, Fletcher will lead the vehicle program execution
for GM's entire global electric vehicle portfolio, including the commitment to launch more than 20 all-electric vehicles globally
by 2023. She will report to Doug Parks, vice president, Autonomous and Electric Vehicle
Programs.
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