Mississauga, ON -- (SBWIRE) -- 12/13/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "The Race is On to Secure Lithium Supply Channels."
Companies mentioned in this article include Bearing Lithium Resources (TSX-Venture:BRZ)(OTCQB:BRGRF).
Article Excerpt:
According to CNBC, China is beating the U.S. and other countries in a worldwide competition to lock-down supplies of lithium, a critical metal used in nearly every rechargeable battery in electric vehicles. Against the backdrop of China looking to push the roll-out of EVs to combat a major pollution problem and other countries like Norway, Britain, France and India wanting to give combustion-engine cars the boot, there is an eruption gurgling in the global EV market that has companies big and small looking to squarely address what very well could be a shortfall in battery-grade lithium supplies in the future.
The old axiom goes along the lines of, "If you want to hunt for big game, go where big game has been seen before." Extrapolating that adage to lithium means, "look to Chile," where the Salar de Atacama in the northern part of the country provides every bit of the country's lithium production and about 40 percent of the world's production annually.
Some of the highest-grade lithium in the world is found in Chilean dry salt lakes. Furthermore, the country is known to host about 7.5 million metric tonnes of lithium, more than double that of the next closest competitor, China at 3.2 million metric tonnes, and over half of the world's known lithium reserves.
While Atacama is a household name in lithium circles, the nearby Maricunga salar is recognized as the highest-grade undeveloped lithium salar in the Americas and highest-grade pre-production lithium brine project in the world.
The leading player in the space is a joint venture between Bearing Lithium Resources (TSX-Venture:BRZ)(OTCQB:BRGRF), privately-held Minera Salar Blanco and Lithium Power International (ASX:LPI). Currently, LPI is shouldering all of the financing for the project through a definitive feasibility study expected in 1H 2018 in order to earn a 50% stake (currently at 32.5%), with the remainder to be owned by Minera (32.3%) and Bearing Lithium (17.7%).
The full version of this article can be found at:
http://www.allpennystocks.com/aps_ca/special-reports/821/the-race-is-on-to-secure-lithium-supply-channels.htm
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Note: AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, NativeAds, Inc. for its efforts in presenting the BRZ profile on its web site and distributing it to its database of subscribers as well as other services. For a complete disclaimer, investors are encouraged to click here: http://www.allpennystocks.com/SpotLight/22/Bearing-Lithium-Corp.htm.