QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QM
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Posted On: 09/21/2018 6:27:14 PM
QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Expands Lithium Property as Lithium Demand Continues to Rise
- Lithium ion batteries (“LIB”) have key advantages over lead acid batteries in systems designed for use in power grid failure
- State-of-the-art designs in uninterrupted power supply systems depend on lithium-ion battery packs
- Battery technology conference notes that new uninterruptable power supply (“UPS”) systems face lithium supply challenges
While the electrical vehicle market is driving a rising worldwide demand for lithium, another sector is set to push the need for this light metal even higher. At a leading industry event for battery technology this week, participants discussed the growing demand for lithium ion batteries for use in UPS systems in big data centers (http://nnw.fm/79wZg).
This is good news for Canada-based QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ), a company engaged in the acquisition, exploration and development of natural resource properties containing high-quality lithium, silver, gold, nickel, copper and zinc mineralization. The company recently announced that it has expanded its Cat Lake property holdings as it pushes the Irgon Mine Project forward toward a production decision.
The Battery Show, held September 11-13 in Novi, Michigan, is an event which drew together engineers, executives and other industry specialists. At a workshop titled “Batteries to Support Critical Power Grids,” participants learned how lithium ion batteries have major advantages over lead acid batteries in UPS systems. Such systems are crucial in a number of industries, including health care, transportation, commerce and data processing, where an interruption in the power supply could cause widespread disruption, including loss of life.
Thomas Lynn, technical director of lithium battery producers LiiON LLC, told the workshop that engineers are increasingly using lithium-based batteries in state-of-the-art power backup systems.
The majority of UPS systems are still built on lead acid batteries, but LIBs are beginning to gain ground in a trend that is expected to continue, Lynn said. Lithium ion batteries hold significant advantages in UPS systems in as much as:
Lead acid battery data systems have a three- to six-year lifespan, while lithium ion systems can last from 15 to 20 years.
Lithium ion systems are built with battery management systems, which allow engineers to constantly monitor the status and health of the system.
Lithium battery packs are smaller and lighter in weight than lead acid batteries, which translates into savings in real estate space.
However, the workshop also heard that, while the UPS industry sees enormous advantages in adopting LIBs, it faces the same supply challenges with which the electric vehicle industry is already grappling.
QMC’s wholly owned Cat Lake Irgon Lithium Mine Project is located on a site previously owned by the Lithium Corporation of Canada Ltd., which carried out a large amount of work several decades ago. It is due to this previous exploration and development work (undertaken during the 1950s) that QMC is anticipating starting operations much sooner than expected and is currently working toward bringing the property online for production. Additionally, the company recently announced that it has staked nine additional mineral claims covering 4,784 acres, expanding the Irgon Property’s contiguous footprint to 11,325 acres.
The historic (non NI 43-101-compliant) resource estimates at the site calculated a vast lithium resource of 1.2 million tons grading 1.51 percent lithium-oxide. The company is currently in the process of updating the resource estimate according to current industry standards, and so far, the results have been positive, as they compare favorably with historic assays. Channel sampling on the Irgon Dike has returned 1.59 percent Li2O over 16 meters. Regional results on other dikes in the area returned three grab samples with concentrations over 1.90 percent lithium-oxide, including one that assayed 2.62 percent.
These positive results, alongside the property’s favorable location and well-developed mining infrastructure, offer significant value and positioning for QMC to capitalize on the rising global demand for lithium.
British Columbia-based Quantum Minerals is confident that its Canadian Irgon Mine Project will make a major contribution to the world’s lithium supply. This property is located in Manitoba, one of Canada’s most productive mining regions.
In addition, also located within Manitoba, QMC is exploring its Namew Lake District Project, which consists of two volcanic massive sulphide (“VMS”) properties – the Rocky Lake and Rocky-Namew. Located in the prolific Flin Flon VMS mining belt, each of these properties has great potential to host additional base metal-rich mineral deposits.
For more information, visit the company’s website at www.QMCMinerals.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
- Lithium ion batteries (“LIB”) have key advantages over lead acid batteries in systems designed for use in power grid failure
- State-of-the-art designs in uninterrupted power supply systems depend on lithium-ion battery packs
- Battery technology conference notes that new uninterruptable power supply (“UPS”) systems face lithium supply challenges
While the electrical vehicle market is driving a rising worldwide demand for lithium, another sector is set to push the need for this light metal even higher. At a leading industry event for battery technology this week, participants discussed the growing demand for lithium ion batteries for use in UPS systems in big data centers (http://nnw.fm/79wZg).
This is good news for Canada-based QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ), a company engaged in the acquisition, exploration and development of natural resource properties containing high-quality lithium, silver, gold, nickel, copper and zinc mineralization. The company recently announced that it has expanded its Cat Lake property holdings as it pushes the Irgon Mine Project forward toward a production decision.
The Battery Show, held September 11-13 in Novi, Michigan, is an event which drew together engineers, executives and other industry specialists. At a workshop titled “Batteries to Support Critical Power Grids,” participants learned how lithium ion batteries have major advantages over lead acid batteries in UPS systems. Such systems are crucial in a number of industries, including health care, transportation, commerce and data processing, where an interruption in the power supply could cause widespread disruption, including loss of life.
Thomas Lynn, technical director of lithium battery producers LiiON LLC, told the workshop that engineers are increasingly using lithium-based batteries in state-of-the-art power backup systems.
The majority of UPS systems are still built on lead acid batteries, but LIBs are beginning to gain ground in a trend that is expected to continue, Lynn said. Lithium ion batteries hold significant advantages in UPS systems in as much as:
Lead acid battery data systems have a three- to six-year lifespan, while lithium ion systems can last from 15 to 20 years.
Lithium ion systems are built with battery management systems, which allow engineers to constantly monitor the status and health of the system.
Lithium battery packs are smaller and lighter in weight than lead acid batteries, which translates into savings in real estate space.
However, the workshop also heard that, while the UPS industry sees enormous advantages in adopting LIBs, it faces the same supply challenges with which the electric vehicle industry is already grappling.
QMC’s wholly owned Cat Lake Irgon Lithium Mine Project is located on a site previously owned by the Lithium Corporation of Canada Ltd., which carried out a large amount of work several decades ago. It is due to this previous exploration and development work (undertaken during the 1950s) that QMC is anticipating starting operations much sooner than expected and is currently working toward bringing the property online for production. Additionally, the company recently announced that it has staked nine additional mineral claims covering 4,784 acres, expanding the Irgon Property’s contiguous footprint to 11,325 acres.
The historic (non NI 43-101-compliant) resource estimates at the site calculated a vast lithium resource of 1.2 million tons grading 1.51 percent lithium-oxide. The company is currently in the process of updating the resource estimate according to current industry standards, and so far, the results have been positive, as they compare favorably with historic assays. Channel sampling on the Irgon Dike has returned 1.59 percent Li2O over 16 meters. Regional results on other dikes in the area returned three grab samples with concentrations over 1.90 percent lithium-oxide, including one that assayed 2.62 percent.
These positive results, alongside the property’s favorable location and well-developed mining infrastructure, offer significant value and positioning for QMC to capitalize on the rising global demand for lithium.
British Columbia-based Quantum Minerals is confident that its Canadian Irgon Mine Project will make a major contribution to the world’s lithium supply. This property is located in Manitoba, one of Canada’s most productive mining regions.
In addition, also located within Manitoba, QMC is exploring its Namew Lake District Project, which consists of two volcanic massive sulphide (“VMS”) properties – the Rocky Lake and Rocky-Namew. Located in the prolific Flin Flon VMS mining belt, each of these properties has great potential to host additional base metal-rich mineral deposits.
For more information, visit the company’s website at www.QMCMinerals.com
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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