QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) Developing Key Resource Portfolio as Lithium Demand Rises
- Lithium demand is seen as being long-term and relentless
- This market dynamic creates favorable conditions for resource development companies like QMC Quantum Minerals
- QMC is already at work to initiate sustainable lithium production at its Irgon Lithium Mine Project
Global lithium demand is anticipated to triple by 2025, driven primarily by expanded lithium-ion battery production for the electric vehicle market. According to a lithium market update, demand for lithium grew by more than 27 percent in 2018 (http://nnw.fm/94uXb) and is expected to grow at rates above 20 percent in 2019.
Forecasts suggest that lithium demand will continue growing at healthy levels well beyond 2019. Some analysts believe that demand for one million tons per year could be reached much sooner than anticipated. According to Benchmark Mineral Intelligence quoted by Investing News, the achievement of full battery mega-factory capacity will contribute to a lithium demand of 961,351 tons per year in 2023 and over 1.57 million tons in 2028.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) is already strategically positioned to supply lithium on the basis of the growing demand. QMC Quantum Minerals engages in the acquisition, exploration and development of natural resource properties. Strategic acquisitions enable the development of high-quality lithium, gold, silver, nickel, zinc and copper deposits.
The company’s current properties are located in the Canadian province of Manitoba – one of the most productive and accessible mining areas in the country, which is insulated from many of the political pressures that threaten non-North American sources. The Irgon Lithium Mine Project is a key part of the company’s portfolio, not only because of the historic resource estimate and the most recent analyses that expand on it, but because of its potential to be in production in a short period of time.
Several factors contribute to the positive projections for the Irgon Project, including easy access to well-developed infrastructure such as the processing facility located at the recently acquired TANCO Mine. Sinomine Resource Group Co. Ltd., based in China, purchased from Cabot Corporation (NYSE: CBT) its Specialty Fluids business (located at the TANCO Mine) for $135 million, including royalties of up to $5 million for lithium products.
In addition, QMC recently received positive assay results from historical drill cores for two of the supplementary Irgon Lithium Mine dikes. These suggest a much higher resource availability than what’s listed in historic estimates for the region. These findings could enable QMC Quantum Minerals to position itself as a leading provider of lithium serving a growing market driven by the rapid expansion of the electric vehicle industry.
Lithium is sometimes referred to as ‘white petroleum’, and it is a finite resource. By 2025, the search for sustainable and green solutions will increase the need for lithium by more than five times the current production levels (http://nnw.fm/Vcf4x). Numerous vehicle manufacturers have announced plans to launch multiple electrical vehicle models – one of the new market trends that will have a primary effect on lithium production.
Volkswagen alone has announced more than 70 electric car model launches for the coming decade. Several other primary manufacturers have made similar announcements, as a Forbes report notes.
All indicators suggest an upward trend for lithium. In March 2019, battery capacity deployed worldwide in electric cars nearly doubled on an annual basis (http://nnw.fm/07TTn). The lithium share per kWh has also expanded. Full electric vehicles are taking market share from hybrid cars, and China alone already has 486 registered electric vehicle manufacturers.
QMC is uniquely positioned to benefit from the growing demand for lithium as it works to initiate production at its Manitoba assets and position itself as a key player and provider on the domestic market. With a strong commitment to creating shareholder value through the strategic acquisition and development of quality prospects in one of Canada’s most productive mining regions, paired with a highly experienced management team, the company stands as a very attractive and lucrative investment opportunity.
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 demand is seen as being long-term and relentless
- This market dynamic creates favorable conditions for resource development companies like QMC Quantum Minerals
- QMC is already at work to initiate sustainable lithium production at its Irgon Lithium Mine Project
Global lithium demand is anticipated to triple by 2025, driven primarily by expanded lithium-ion battery production for the electric vehicle market. According to a lithium market update, demand for lithium grew by more than 27 percent in 2018 (http://nnw.fm/94uXb) and is expected to grow at rates above 20 percent in 2019.
Forecasts suggest that lithium demand will continue growing at healthy levels well beyond 2019. Some analysts believe that demand for one million tons per year could be reached much sooner than anticipated. According to Benchmark Mineral Intelligence quoted by Investing News, the achievement of full battery mega-factory capacity will contribute to a lithium demand of 961,351 tons per year in 2023 and over 1.57 million tons in 2028.
QMC Quantum Minerals Corp. (TSX.V: QMC) (OTC: QMCQF) (FSE: 3LQ) is already strategically positioned to supply lithium on the basis of the growing demand. QMC Quantum Minerals engages in the acquisition, exploration and development of natural resource properties. Strategic acquisitions enable the development of high-quality lithium, gold, silver, nickel, zinc and copper deposits.
The company’s current properties are located in the Canadian province of Manitoba – one of the most productive and accessible mining areas in the country, which is insulated from many of the political pressures that threaten non-North American sources. The Irgon Lithium Mine Project is a key part of the company’s portfolio, not only because of the historic resource estimate and the most recent analyses that expand on it, but because of its potential to be in production in a short period of time.
Several factors contribute to the positive projections for the Irgon Project, including easy access to well-developed infrastructure such as the processing facility located at the recently acquired TANCO Mine. Sinomine Resource Group Co. Ltd., based in China, purchased from Cabot Corporation (NYSE: CBT) its Specialty Fluids business (located at the TANCO Mine) for $135 million, including royalties of up to $5 million for lithium products.
In addition, QMC recently received positive assay results from historical drill cores for two of the supplementary Irgon Lithium Mine dikes. These suggest a much higher resource availability than what’s listed in historic estimates for the region. These findings could enable QMC Quantum Minerals to position itself as a leading provider of lithium serving a growing market driven by the rapid expansion of the electric vehicle industry.
Lithium is sometimes referred to as ‘white petroleum’, and it is a finite resource. By 2025, the search for sustainable and green solutions will increase the need for lithium by more than five times the current production levels (http://nnw.fm/Vcf4x). Numerous vehicle manufacturers have announced plans to launch multiple electrical vehicle models – one of the new market trends that will have a primary effect on lithium production.
Volkswagen alone has announced more than 70 electric car model launches for the coming decade. Several other primary manufacturers have made similar announcements, as a Forbes report notes.
All indicators suggest an upward trend for lithium. In March 2019, battery capacity deployed worldwide in electric cars nearly doubled on an annual basis (http://nnw.fm/07TTn). The lithium share per kWh has also expanded. Full electric vehicles are taking market share from hybrid cars, and China alone already has 486 registered electric vehicle manufacturers.
QMC is uniquely positioned to benefit from the growing demand for lithium as it works to initiate production at its Manitoba assets and position itself as a key player and provider on the domestic market. With a strong commitment to creating shareholder value through the strategic acquisition and development of quality prospects in one of Canada’s most productive mining regions, paired with a highly experienced management team, the company stands as a very attractive and lucrative investment opportunity.
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
