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Global Battery Industry Faces Significant Investment to Meet Lithium Demand

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FN Media Group Presents USA News Group News Commentary

VANCOUVER, BC, Jan. 5, 2024 /PRNewswire/ —  USA News Group  –  A worrying trend that could threaten the world’s shift to renewable energy is looming, according to 2023 analysis from Benchmark. In the report, Benchmark called for an increase of at least $514 billion across the global battery industry supply chain to meet expected demand in 2030, and $920 billion by 2035. Among the most compelling sources set to help meet the lithium gap is set come from what’s known as the Lithium Triangle, which covers portions of Argentina, Bolivia, and Chile. The prominence of South America’s lithium has created an increasing amount of competition between the West and China. Hence the flooding of investment and development coming from several promising projects in the region, including from Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF), Allkem Limited (TSX:AKE) (OTCPK:OROCF), Livent Corporation (NYSE:LTHM), POSCO Holdings Inc. (NYSE:PKX), and Rio Tinto Group (NYSE:RIO).

In Salta Province, Argentina, Lithium South Development Corporation (TSXV:LIS) (OTCQB:LISMF) is the 100% owner of the Hombre Muerto North Lithium project (HMN Li Project), strategically positioned within the renowned Lithium Triangle. Recent developments indicate the project is now becoming a lithium mine development. The land package is strategically located adjacent to a massive $4-billion lithium venture by the Korean conglomerate POSCO Holdings Inc. (NYSE:PKX) and in close proximity to the Sal de Vida Project currently in development by the soon-to-be merged Allkem Limited (TSX:AKE) (OTC:OROCF) and Livent Corporation (NYSE:LTHM).

Ramping up the HMN Li story further, Lithium South recently submitted a new technical report under NI 43-101 standards, revealing a remarkable 175% increase in lithium resources, totaling more than 1.58 million tonnes of lithium carbonate equivalent (LCE) according to its latest Updated Mineral Resource Estimate – Hombre Muerto North Project, NI 43-101 Technical Report Catamarca and Salta, Argentina, Mark King, PhD, PGeo, Peter Ehren, M.Sc, MAusIMM, with an effective date of September 5th, 2023.

Furthermore, the report outlines their innovative approach to extract more lithium from the briny water at the HMN Li Project. Lithium South employs a proven industry method involving the evaporation of pumped lithium brine. They have implemented specific modifications to ensure minimal lithium loss during the collection of the resulting solid materials. Evaporation extraction takes advantage of the amazing free solar resource at the altitude of the project, which is about 15,000 feet. This minimizes the carbon footprint of the project.

“We are very pleased with the substantial upgrade in our LCE Resource at the HMN Li Project and are excited to potentially achieve much higher lithium recoveries,” said Adrian F. C. Hobkirk, President and CEO of Lithium South. “We await the completion of our updated Preliminary Economic Assessment (PEA) which will further evaluate our newly defined, high quality lithium brine resource.”

Up to this point, it appears that Lithium South has improved its ability to extract approximately 70% of the lithium from the briny water, a notable increase from the previous 50%. This signifies a more efficient extraction process, bringing increased viability the project.

Taking into account the current market conditions and pricing for lithium carbonate equivalent (LCE), Lithium South has projected an Initial Design Capacity (IDC) for the project, aiming for an annual production of 15,000 tonnes of LCE. The company is already making progress with the project’s well testing, having successfully installed the third production well, drilled to a depth of 60 meters. A pump test is scheduled to commence immediately upon finalizing the well’s development. A second 400 meter production well is now being installed.

In the lead-up to one of the lithium sector’s biggest mergers, Allkem Limited (TSX:AKE) (OTC:OROCF) and Livent Corporation (NYSE:LTHM) have already received the required regulatory approval to seal the deal. The prospect of the merger has already caused Allkem’s value to skyrocket within the last few months. Together the new entity—to be called Arcadium Lithium— is set to be worth more than $10 billion.

Ahead of the merger, Allkem secured financing from the International Finance Corporation (IFC) to provide up to A$180 million for the development of its Sal de Vida project in Argentina.

“We are proud to partner with IFC to ensure long-term safe and sustainable operations, responsible products, and thriving communities,” said Allkem MD and CEO Martin Perez de Solay. “We are committed to the highest sustainability standards for Sal de Vida so that it will contribute to the economy of Catamarca via local employment, the development of local supply chains, and community development programmes.”

The development comes less than 6 months after Allkem achieved its first production at its Olaroz Stage 2 lithium plant.

“We are very proud to have achieved the milestone of first production at Olaroz Stage 2 proving the operational viability of the carbonation process,” said Perez de Solay. “The successful expansion of Olaroz reflects our growth strategy and commitment to ensure long-term social and economic sustainability of our business for customers and stakeholders. This achievement demonstrates the expertise of our team who will now focus on completion of commissioning and ramp up to full capacity.”

Having completed its lithium hydroxide plant in its home country of South Korea, POSCO Holdings Inc. (NYSE:PKX) will be looking to build a second plant with the same capacity in 2024. Set to stock these plants will be the lithium reserves POSCO acquired for US$280 million back in 2018, where the Korean giant has also committed at least $4 billion, and more recently pledged US$1.7 billion in the provinces of Salta and Catamarca.

“We talked with POSCO about the next stages in its investment in lithium and the opportunities to develop new value-added chains that include Argentina,” said Argentine Foreign Minister Santiago Cafiero. “The lithium industry has enormous potential for Argentina and, especially, for the provinces that produce the mineral (Catamarca, Jujuy, and Salta), especially if we consider that Argentina is the country with the largest amount of resources with potential economic value within the so-called ‘Lithium Triangle’, which also includes the salt flats in Chile and Bolivia.”

For mining giant Rio Tinto Group (NYSE:RIO), building its own lithium mines is seen as better than buying up existing lithium companies.

“We would rather use our competencies to develop the projects ourselves,” said Rio Tinto CEO, Jakob Stausholm in an interview with Bloomberg Television. “Lithium companies right now are very expensive. We can believe we can find much cheaper ways to get it done.”

Rio Tinto already made a splash in Argentina, back when it completed the acquisition of the Rincon Lithium Project in 2022 for $825 million. By mid-2023, the company had already begun reviewing the $140-million cost estimate and schedule for a starter plant on the project.

“Rincon strengthens our battery materials business and positions Rio Tinto to meet the double-digit growth in demand for lithium over the next decade, at a time when supply is constrained,” said Stausholm at the time of the acquisition.

Rio Tinto recognizes the substantial promise of the Rincon project, envisioning it as a sustainable, expandable source capable of generating top-quality lithium carbonate over an extended period. The innovative direct lithium extraction technology under consideration for this project has the potential to substantially enhance lithium recovery rates when compared to traditional solar evaporation ponds.

Source: https://usanewsgroup.com/2023/10/18/the-lithium-race-to-power/ 

Article Source: 

USA News Group
http://USAnewsgroup.com [email protected]

DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. Equity Insider is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Lithium South Development Corporation advertising and digital media from the company directly. There may be 3rd parties who may have shares of Lithium South Development Corporation, and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Lithium South Development Corporation which were purchased as a part of a private placement. MIQ reserves the right to buy and sell, and will buy and sell shares of Lithium South Development Corporation at any time thereafter without any further notice. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material disseminated by MIQ has been approved by the above mentioned company; this is a paid advertisement, and we own shares of the mentioned company that we will sell, and we also reserve the right to buy shares of the company in the open market, or through further private placements and/or investment vehicles. The contents of this advertisement were reviewed by Mr. William Feyerabend, a Consulting Geologist and Qualified Person as defined under National Instrument 43-101. Mr. Feyerabend approves of the scientific and technical disclosure pertaining to Lithium South contained within this advertisement. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.

USA News Group is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein.  The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

This release contains “forward-loking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/eqt/r/invitation-to-presentation-of-eqt-ab-s-q1-announcement-2024,c3956826

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Invitation to presentation of EQT AB’s Q1 Announcement 2024

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EQT AB Group

 

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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs

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  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update

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VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (www.biovaxys.com), a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit www.biovaxys.com and connect with us on X and LinkedIn.

ON BEHALF OF THE BOARD

Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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