NEW YORK, September 6, 2018 /PRNewswire/ --
According to the data compiled by Stratistics MRC, the global lithium-ion battery market accounted for USD 29.86 Billion in 2017 and is forecasted to reach USD 139.36 Billion by 2026
while growing at a CAGR of 18.7%. Increasing demands for electrical vehicles, consumer electronics and technological advancements
are driving the market at a rapid pace. Ongoing government regulations regarding carbon emitting vehicles are also causing an
increasing demand for lithium-ion batteries in order to reduce environmental pollution. Lithium-ion batteries are highly
attractive to manufacturers due to their lightweight size and high energy density. As advancements progress, battery
manufacturers are looking for ways to decrease the unit's size while increasing the battery's energy output. MGX Minerals Inc.
(OTC: MGXMF), FMC Corporation (NYSE: FMC), Newmont Mining Corporation (NYSE: NEM), Ford Motor Company (NYSE: F), Toyota Motor
Corporation (NYSE: TM)
In 2017, electric vehicle sales hit over one million, reaching a new record, as China
contributed to the majority of the vehicles in circulation. At the current production rates, electric vehicle ownership is
expected to surpass 125 Million and reach as high as 220 Million by 2030, according to the International Energy Agency. The IEA
estimated that there were 3.1 Million electric vehicles in use in 2017, increasing substantially by 54% from the previous year.
Although China contributed to the majority of electric vehicles on the road, Nordic countries
such as Norway, Sweden and Iceland led in market shares. "The shift to electric cars will come faster and in a more pronounced way,
fueled by the diesel demise in Europe, battery technology advancements and regulation in
China and Europe," said UBS analyst Patrick Hummel.
MGX Minerals Inc. (OTCQB: MGXMF) is also listed on the Canadian Securities Exchange under the ticker (CSE: XMG).
Yesterday, the Company announced, "the engagement of Erich Schnake, former Chilean Mining Ministry
Undersecretary, to its South American management team. Mr. Schnake will provide legal and regulatory support to advance the
Company's efforts in navigating Chilean regulatory permitting frameworks in order to obtain production permits.
Mr. Schnake has more than a decade of experience working within the Chilean mining and energy sector. Most recently, he held
the title of Chilean Mining Industry Undersecretary, where he was responsible for internal administration within the government
body while coordinating with public stakeholders to develop and implement new policies. During his tenure, Mr. Schnake prepared
and negotiated numerous government regulations and amendments for the mining sector, including the Special Lithium Operation
Contract signed between the government of Chile and Salar de Maricunga SpA, a subsidiary of
Codelco, to develop a lithium exploitation project. Prior to his role with the Chilean government, Mr. Schnake acted as advisor
to both the General Secretariat of the Presidency as well as Tripontis Ltda., where he designed and drafted contract documents
and procedures for Codelco, CMDI Collahuasi, Antofagasta Minerals S.A., and Cementos Bío Bío. He has also held roles at numerous
law firms throughout Chile. Mr. Schnake holds a Master(c) in Public Policies from the
Universidad de Chile, a Master in Environmental Law from the University of Sydney and a Diploma in Public Policies from the
Harris School of Public Policy, University of Chicago.
Rapid Lithium Brine Extraction Technology: MGX has developed a rapid lithium extraction technology eliminating or greatly
reducing the physical footprint and investment in large, multi-phase, lake-sized, lined evaporation ponds, as well as enhancing
the quality of extraction and recovery across a complex range of brines as compared with traditional solar evaporation. This
technology is applicable to petrolithium (oil and gas wastewater), natural brine, and other brine sources such as lithium-rich
mine and industrial plant wastewater. The technology was recently chosen as winner of the Base and Specialty Metals Industry
Leadership Award at the 2018 S&P Global Platts Global Metals Awards, held in London in May
(see press release dated May 18, 2018)."
FMC Corporation (NYSE: FMC), for more than a century, has served the global agricultural, industrial and consumer
markets with innovative solutions, applications and quality products. FMC Corporation recently announced that it will rebrand its
lithium materials business as Livent Corporation following the previously announced plan to separate FMC Lithium into a publicly
traded company. Livent Corporation is one of only a small number of companies with the capability, reputation, and know-how to
produce high-performance lithium compounds that are helping meet the growing demand for lithium. Livent has universal appeal,
appropriate for a premier, pure-play lithium material sciences company with an expansive global footprint and worldwide business
opportunities. The new Livent™ brand, including the brand mark and visual identity, will be revealed closer to the separation
date. "Today's announcement marks another major step in our progress to create two stand-alone leading public companies," said
Pierre Brondeau, FMC Corporation Chief Executive Officer and Chairman. "As an independent company, Livent will have the freedom
and ability to chart its own course and business strategy. Its leadership and employees will have the flexibility to
experiment, thrive and pursue its growth plans with a great new brand. And we are equally excited about FMC's future as one of
the largest agricultural technology companies focused on bringing advanced innovation and sustainable solutions to farmers around
the world."
Newmont Mining Corporation (NYSE: NEM), publicly traded on the New York Stock Exchange (NYSE) since 1940 has spent a
century primarily in the natural resources industry, mining gold, copper, silver, lead, zinc, lithium, uranium, coal, nickel and
aggregates, and even developing oil and gas. Newmont Mining Corporation recently announced its second quarter 2018 results.
Second quarter financial highlights include: Net income: Delivered GAAP net income from continuing operations attributable to
stockholders of USD 274 Million or USD 0.51 per diluted share;
delivered adjusted net income of USD 144 Million or USD 0.26 per
diluted share, down 43% compared to the prior year quarter; EBITDA: Generated USD 545 Million in
adjusted EBITDA, down 22% from the prior year quarter; Cash flow: Reported consolidated cash flow from continuing operations of
USD 401 Million and free cash flow of USD 143 Million. "Newmont
delivered USD 545 Million in adjusted EBITDA and USD 143 Million in
free cash flow in the second quarter, as strong operational performance helped offset the impacts of geotechnical challenges and
back-half weighted results," said Gary J. Goldberg, President and Chief Executive Officer. "We
continued to add lower cost production by completing our Twin Underground and Northwest Exodus projects safely, on budget and
ahead of schedule. And we invested in future value-creation by forging a partnership with Teck to advance prefeasibility studies
on Galore Creek in British Colombia, one of the world's largest undeveloped copper-gold
deposits, and with Sumitomo to develop Yanacocha Sulfides in Peru."
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, provides financial services through Ford Motor Credit Company and is pursuing
leadership positions in electrification, autonomous vehicles and mobility solutions. Ford recently introduced the all-new Police
Interceptor Utility, the industry's first pursuit-rated hybrid SUV. Its hybrid batteries are specially placed inside the vehicle
so they do not compromise passenger or cargo space. The all-new Ford Police Interceptor Utility hybrid is projected to accelerate
faster, achieve a higher top speed and have at least 40% better fuel economy than the previous V6-powered model, helping catch
suspected lawbreakers and reduce costs. The new hybrid-powered Police Interceptor Utility also reduces engine idling time to save
fuel when the vehicle is stationary. The hybrid can power demanding electrical loads from lights, computers, radios and other
equipment using its lithium-ion hybrid battery, allowing the gasoline engine to shut off and intermittently run to charge the
battery. "We're committed to electrifying vehicles for all customers, including law enforcement who need the high performance and
low operating costs that Ford's next-generation hybrids will excel at providing," said Hau
Thai-Tang, Executive Vice President of Product Development and Purchasing. "Standard all-wheel drive is important because
crooks don't stop when it rains."
Toyota Motor Corporation (NYSE: TM) recently announced that the Toyota Prius remains a hybrid benchmark. Almost two
decades after the first Toyota Prius was introduced in the U.S., hybridization has become common, and the Prius still leads in
North American hybrid sales. It's also one of the world's most fuel-efficient vehicles without a plug, with EPA-estimated 58 city
/ 53 highway / 56 combined MPG fuel economy ratings (Prius Two Eco). Every generation of the Prius has one key element in common:
it exceeded the fuel efficiency of the previous generation. The latest version of its Hybrid Synergy Drive combines the output of
a 1.8-liter 4-cylinder gasoline engine and two motor/generators through an electronically controlled planetary-type continuously
variable transmission (CVT). Shift-by-wire technology, which uses electric signals to transmit shift operations, offers light,
fingertip operation from the dash-mounted shifter. The regenerative brake system switches the motor into a generator to recover
the wheels' kinetic energy as electrical power, storing it in the hybrid battery. The fourth-generation Prius uses smaller,
lighter hybrid components than before, including a lithium-ion hybrid battery that replaced the nickel-metal hydride battery
(excluding the Prius One and Two standard grade). The battery's smaller size and lower profile allow it to be packaged under the
rear seat, rather than beneath the luggage area, yielding more cargo space. The Prius Two Eco grade provides the highest fuel
efficiency thanks to its lighter weight and further optimized aerodynamics.
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