NetworkNewsBreaks – Why Marifil Mines Ltd. (TSX.
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Mineral exploration company Marifil Mines (TSX.V: MFM) (OTCQB: MFMLF) is engaged in the exploration, evaluation and acquisition of mineral rich resource properties in Argentina. An article discussing the company reads: “Marifil’s sizable portfolio of cobalt and lithium claims in what is recognized as the world’s most prolific mining jurisdiction for these resources strategically positions the company to benefit as global initiatives push demand for lithium-ion batteries toward a frenzy. Zion Market Research, a leading research and consulting firm, has forecast that the lithium-ion battery market could hit $67 billion by 2022, realizing a CAGR of more than 13.7% from 2017-2022. Both lithium and cobalt are major components of these energy storage solutions, with industry data indicating that the battery industry currently consumes roughly 42 percent of global cobalt production.”
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