MNI - Market News

Demand for Lithium Grows as The EV Market Reaches New Highs

Retrieved on:

Wednesday, February 9, 2022

Figure 1 illustrates the specific drill targets that will be tested for Lithium (Li2O%) concentration hosted in spodumene bearing pegmatite dykes.

Key Points:

Figure 1 illustrates the specific drill targets that will be tested for Lithium (Li2O%) concentration hosted in spodumene bearing pegmatite dykes.
Prior to this upcoming 2022 drill program, a total of fifty-eight (58) diamond drill holes have been drilled historically on Zoro.
Scott Taylor, President and CEO of Foremost Lithium, states: 'I'm overjoyed that we are drilling our properties for the first time since 2018.
The total land holdings for Snow Lake Lithium now stands at 55,318 acres (22,386 ha) or 86.43 square miles.

Demand for Lithium Grows as The EV Market Reaches New Highs

Retrieved on:

Wednesday, February 9, 2022

NEW YORK, Feb. 9, 2022 /PRNewswire/ -- Lithium-ion batteries are heavily adopted due to their compact size, rechargeability, recyclability and high-density energy output. As a result, such batteries are heavily used in electric vehicles (EVs). Nowadays, many car manufacturers are venturing into battery manufacturing, like BMW Group for example, which has signed an agreement with Ganfeng Lithium, a lithium extracting company in China, for supplying LiOH for battery cells owing to the rising penetration of EVs. Geographically, the Asia Pacific region dominated the market as it held the largest volume share of 56.3% in 2020 owing to the rapidly developing automotive, glass, and consumer goods industries in countries such as China, Japan, South Korea, and India. Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF), Snow Lake Resources Ltd. (NASDAQ: LITM), Fisker Inc. (NYSE: FSR), QuantumScape Corporation (NYSE: QS), Standard Lithium Ltd. (NYSE: SLI)

Key Points:

Figure 1 illustrates the specific drill targets that will be tested for Lithium (Li2O%) concentration hosted in spodumene bearing pegmatite dykes.
Prior to this upcoming 2022 drill program, a total of fifty-eight (58) diamond drill holes have been drilled historically on Zoro.
Scott Taylor, President and CEO of Foremost Lithium, states: 'I'm overjoyed that we are drilling our properties for the first time since 2018.
The total land holdings for Snow Lake Lithium now stands at 55,318 acres (22,386 ha) or 86.43 square miles.

Rainmaker Securities Records Breakout Year In 2021

Retrieved on:

Monday, February 7, 2022

Rainmaker further invested in its private market expertise, growing its team of bankers, advisors, and analysts by nearly 25% in 2021.

Key Points:

Rainmaker further invested in its private market expertise, growing its team of bankers, advisors, and analysts by nearly 25% in 2021.
Rainmaker Securities, LLC, a leader in the secondary market for shares of late-stage private equity issuers, is a FINRA registered broker-dealer and SIPC member.
Rainmaker Securities is engaged by its clients to connect buyers and sellers of securities of high-growth private companies.
Rainmaker provides transaction structures designed to create liquidity, including special purpose vehicles, hypothecation, and direct transfer of securities.

Funding Grows for Expanding Lithium Mining Projects

Retrieved on:

Friday, January 21, 2022

Because of the difficulty associated with mining lithium, there are heavy investments made into R&D.

Key Points:

Because of the difficulty associated with mining lithium, there are heavy investments made into R&D.
For example, in February 2020, funding of around USD 20 million by Bill Gates was provided to Lilac Solutions, a lithium mining technology firm located in the U.S.
Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF) announced yesterday breaking news regarding, "the acquisition of The Grass River Claims, located in the historic mining district of Snow Lake Manitoba, 6.5 kilometers east of the Zoro lithium property.
Based on Lithium Americas' closing price on November 16, 2021, this consideration would result in Millennial Shareholders owning approximately 9.1% of Lithium Americas.

Funding Grows for Expanding Lithium Mining Projects

Retrieved on:

Friday, January 21, 2022

NEW YORK, Jan. 21, 2022 /PRNewswire/ -- The demand for lithium is on the rise. The element, which is found in dry places and requires thousands of liters of water to be mined, is a crucial component for the manufacturing of batteries, including those utilized in Electric Vehicles (EVs). Because of the difficulty associated with mining lithium, there are heavy investments made into R&D. For example, in February 2020, funding of around USD 20 million by Bill Gates was provided to Lilac Solutions, a lithium mining technology firm located in the U.S. According to the Lilac Solutions, its ion exchange technology is two times more efficient compared to the current mining process and requires a fraction of time. And according to data published by Research and Markets, the global lithium market size is expected to reach USD 8.2 Billion by 2028. The market is expected to expand at a CAGR of 14.8% from 2021 to 2028. Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF), Standard Lithium Ltd. (NYSE: SLI), Lithium Americas Corp. (NYSE: LAC), Livent Corporation (NYSE: LTHM), Snow Lake Resources Ltd. (NASDAQ: LITM)

Key Points:

Because of the difficulty associated with mining lithium, there are heavy investments made into R&D.
For example, in February 2020, funding of around USD 20 million by Bill Gates was provided to Lilac Solutions, a lithium mining technology firm located in the U.S.
Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF) announced yesterday breaking news regarding, "the acquisition of The Grass River Claims, located in the historic mining district of Snow Lake Manitoba, 6.5 kilometers east of the Zoro lithium property.
Based on Lithium Americas' closing price on November 16, 2021, this consideration would result in Millennial Shareholders owning approximately 9.1% of Lithium Americas.

Widespread Utilization of EVs Buoys Demand for Lithium Components

Retrieved on:

Wednesday, January 12, 2022

NEW YORK, Jan. 12, 2022 /PRNewswire/ --The global lithium market has seen a substantial rise in demand in recent years.

Key Points:

NEW YORK, Jan. 12, 2022 /PRNewswire/ --The global lithium market has seen a substantial rise in demand in recent years.
In large part, the boosted demand is the result of the ever expanding electric vehicle (EVs) market.
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project.
Scott Taylor, President and CEO of Foremost Lithium states 'In addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%.

Widespread Utilization of EVs Buoys Demand for Lithium Components

Retrieved on:

Wednesday, January 12, 2022

NEW YORK, Jan. 12, 2022 /PRNewswire/ -- The global lithium market has seen a substantial rise in demand in recent years. To illustrate the rise in prices of lithium, data by S&P Global shows that Seaborne lithium carbonate prices have gained 413% since the start of 2021, growing to USD 32,600/mt CIF North Asia on Dec. 1st. Meanwhile, lithium hydroxide prices have climbed 254% over the same period to USD 31,900/mt CIF North Asia. In large part, the boosted demand is the result of the ever expanding electric vehicle (EVs) market. According to Platts Analytics, global plug-in light-duty EV sales are expected to rise to 6.5 million units in 2022 and 10.5 million units in 2025, up from an estimated 6 million units in 2021 and 3.1 million units in 2020. Foremost Lithium Resource & Technology Ltd. (CSE: FAT) (OTC: FRRSF), Lithium Americas Corp. (NYSE: LAC), Snow Lake Resources Ltd. (NASDAQ: LITM), Li Auto Inc. (NASDAQ: LI), Standard Lithium Ltd. (NYSE: SLI)

Key Points:

NEW YORK, Jan. 12, 2022 /PRNewswire/ --The global lithium market has seen a substantial rise in demand in recent years.
In large part, the boosted demand is the result of the ever expanding electric vehicle (EVs) market.
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project.
Scott Taylor, President and CEO of Foremost Lithium states 'In addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%.

Lithium is in Demand as Popularity of Electric Vehicles Grows

Retrieved on:

Friday, January 7, 2022

The lithium market has witnessed high demand in recent years thanks to the increasing popularity of electric vehicles (EVs).

Key Points:

The lithium market has witnessed high demand in recent years thanks to the increasing popularity of electric vehicles (EVs).
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project.
Scott Taylor, President and CEO of Foremost Lithium states 'In addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%.
About Foremost Lithium: Foremost Lithium is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market.

Lithium is in Demand as Popularity of Electric Vehicles Grows

Retrieved on:

Friday, January 7, 2022

The lithium market has witnessed high demand in recent years thanks to the increasing popularity of electric vehicles (EVs).

Key Points:

The lithium market has witnessed high demand in recent years thanks to the increasing popularity of electric vehicles (EVs).
Foremost Lithium plans to extract a 500-kilogram bulk sample of spodumene-bearing pegmatite from Dyke 1 on its Zoro Lithium Project.
Scott Taylor, President and CEO of Foremost Lithium states 'In addition to the Zoro Lithium Project, recently collected samples from our Jean Lake Lithium Project returned high-grade assays of 3.89% to 5.17% Li2O%.
About Foremost Lithium: Foremost Lithium is an energy tech company driven to being one of the first North American Companies committed to produce high quality battery-grade lithium hydroxide domestically to fuel the electric vehicle battery market.

A Recovering Economy Prompts an Uptick in Silicon Demand

Retrieved on:

Thursday, January 6, 2022

However, now that the world economy has returned to near full capacity, silicon is once again needed, as the semiconductor market is in a phase of increased demand.

Key Points:

However, now that the world economy has returned to near full capacity, silicon is once again needed, as the semiconductor market is in a phase of increased demand.
Global semiconductor sales stood at USD 439 Billion in 2020 due to the growing demand for chips across the markets.
The demand for silicon metal continues to grow and recent supply chain bottlenecks have limited overall supply, creating an opportunity for the distribution of silicon in Asia from North America.
Increased demand for solar panels, microprocessors, and silicon alloys, due to its semi-conductor and structural properties, continue to create large scale shortages for silicon.