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Mining Sector Prepares Ahead of 1,500% Surge in Lithium Demand by 2050

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USA News Group Commentary Issued on behalf of Lithium South Development Corporation

VANCOUVER, BC, May 15, 2024 /PRNewswire/ — USA News Group – Even though prices are currently down from where they were in 2022, experts still see the monumental importance of lithium in the years and decades ahead. According to a recent post, the UN Trade & Development (UNCTAD) projects based on data from the International Energy Agency (IEA) that by 2050, lithium demand could rise by over 1,500%. UCTAD also believes that to achieve the global 2030 net-zero emission targets, the lithium mining industry will need 70 new mines. Seeking to provide the critical minerals necessary for the green electric revolution, lithium miners continue to develop several promising new projects, including Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), Lithium Americas (Argentina) Corp. (NYSE:LAAC), Atlas Lithium Corporation (NASDAQ:ATLX), Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI), and Rio Tinto Group (NYSE:RIO).

A new Preliminary Economic Assessment (PEA) was recently filed by Lithium South Development Corporation (TSXV:LIS) (OTC:LISMF), bolstering the company’s plans to advance the development of a lithium carbonate production facility with an annual output of 15,600 tonnes. The assessment reveals a promising financial outlook, highlighting an after-tax Net Present Value (NPV) of US$938 million and an Internal Rate of Return (IRR) of 31.6%, with a payback period of just 2.5 years. ( see note 1 below )

“We are very pleased to have achieved this important milestone for the HMN Li Project,” said Adrian F.C. Hobkirk, Founder, President and CEO of Lithium South. “The robust economics and room for expansion indicate a promising future for Lithium South.”

For the HMN Li project, Lithium South intends to utilize a conventional solar evaporation process for extracting and recovering lithium from well brine, with contaminants such as magnesium being removed through established methods like liming. The purified, concentrated lithium solution will subsequently be converted into technical-grade lithium carbonate.

Lithium Souths’ announcement of the PEA follows closely on the heels of the company’s recent expansion of its production well drilling program. At the Alba Sabrina claim block, which spans 2,089 hectares and is the largest in the project, a 400-meter deep pumping well was recently completed. Operations at this well have effectively removed sediments, yielding a flow of clear brine exhibiting strong artesian properties that are conducive to higher brine extraction rates. In pursuit of optimizing these results, Lithium South has installed a new, more powerful 80-kilowatt pump and is currently conducting a long-term pump test. Depending on the outcomes, the company plans to drill additional wells at Alba Sabrina as well as in the southern Viamonte and Norma Edith claim blocks.

“These developments on the Alba Sabrina claim block could potentially enhance our operational capacity,” said Hobkirk. “The completion of this pumping test, anticipated by the end of May, will provide critical technical insight into the capacity potential of this area of the salar.”

Earlier this year, Lithium South along with Korean conglomerate POSCO formed a pivotal cooperative development agreement on the HMN Li Project, marking a significant advancement towards lithium production. Additionally, at the close of 2023, Lithium South updated its NI 43-101 technical report for the flagship HMN Li asset. This update revealed a substantial increase of 175% in its lithium resources, totaling over 1.58 million tonnes of lithium carbonate equivalent (LCE) ( see note 2 below )

Recently a series of large investors modified their holdings in Lithium Americas (Argentina) Corp. (NYSE:LAAC), including Mackenzie Financial Corp. purchasing a number of shares valuing approximately $363,000. The moves came shortly after the company also known as Lithium Argentina announced it had executed a definitive agreement with a subsidiary of Ganfeng Lithium to acquire $70 million in newly issued shares of Proyecto Pastos Grandes S.A. (PGCo), its indirect wholly-owned Argentinian subsidiary holding the Pastos Grandes project.

“The Transaction with Ganfeng Lithium demonstrates our long-term commitment to Salta and the sustainable development of Argentina’s lithium industry,” said John Kanellitsas Executive Chairman, interim CEO and President of Lithium Argentina. “While we continue to prioritize the ramp up at Caucharí-Olaroz, already among the largest lithium brine operations in Argentina, the Transaction further strengthens our balance sheet and enhances our growth plans by leveraging our existing teams and nearby operations.”

Another notable collaboration between a South American focused lithium miner with an Asian conglomerate is that of Atlas Lithium Corporation (NASDAQ:ATLX) having recently secured a US$30 million strategic investment and offtake agreement from Japanese giant, Mitsui. The share purchase came at a 10% premium to the 5-day VWAP, while also initiating an Offtake Agreement for the future purchase of 15,000 tons of lithium concentrate from Phase 1 and 60,000 tons per year for five years from Phase 2 of Atlas Lithium’s soon-to-be-producing Neves Project in Brazil’s Lithium Valley, starting at the same time.

“Today marks a significant milestone for Atlas Lithium as we progress towards our goal of becoming a key lithium supplier to the global EV battery materials supply chain,” said Marc Fogassa, CEO and Chairman of Atlas Lithium. “Mitsui’s investment reflects confidence in our team, assets, and business model.”

Just over one month after successfully installing a commercial-scale DLE column at its Demonstration Plant near El Dorado, Arkansas, Standard Lithium Ltd. (NYSE-American: SLI) (TSXV: SLI) recently announced the DLE column’s successful commissioning, marking the largest continuously-operating DLE equipment of its kind in North America.

The large new column is now successfully pulling lithium from Smackover Formation brine at a rate of 90 gallons per minute. As far as Standard Lithium knows, this is not only the biggest direct lithium extraction (DLE) setup and the only one of its kind at a commercial scale in North America. Since it started running, the column has been working non-stop and doing even better than expected at recovering lithium and filtering out unwanted materials.

“Importantly, the column currently operating at SLI’s Demonstration Plant is identical to those that will be used in the commercial application, both in terms of the size, design and construction of the column, as well as the sorbent media being used inside,” said Dr. Andy Robinson, Director, President & COO of Standard Lithium. “Validation of performance and successful operation of this column is a significant derisking step on our way to becoming the next major sustainable lithium producer in North America.”

Less than a month after Rio Tinto Group’s (NYSE:RIO) CEO Jakob Stausholm told Reuters that he was bullish on lithium but not seeking any big acquisitions, Reuters has now also recently reported that the mining giant has now earmarked $350 million for its Rincon lithium project in Argentina. The news of the 9-figure investment came shortly after Stausholm visited the site and declared the strategic importance of the investment.

“The hard work of our Rincon team is laying the groundwork for our first lithium production by year’s end,” said Stausholm. Rio Tinto acquired the project in 2022 from Rincon Mining for $825 million, and is preparing to establish a battery-grade lithium carbonate plant capable of producing 3,000 tonnes annually upon completion.

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

CONTACT:
USA NEWS GROUP
[email protected]
(604) 265-2873

Mr. William Feyerabend, a Consulting Geologist and Qualified Person under National Instrument 43-101 participated in the production of this advertisement, and approves of the technical and scientific disclosure contained herein pertaining to Lithium South.

Note 1  The report titled, N.I. 43-101 Preliminary Economic Assessment Hombre Muerto North Lithium Project, Salta, Argentinawas completed by Knight Piesold Consulting and JDS Energy and Mining Inc., and SEDAR filed April 30, 2024

Note 2 Report titled 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, September 5th, 2023 and SEDAR Filed November 6, 2023

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.

View original content:https://www.prnewswire.co.uk/news-releases/mining-sector-prepares-ahead-of-1-500-surge-in-lithium-demand-by-2050–302146456.html

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Tan Xuguang: Driving Strategic Collaboration with Leading Global Industry Enterprises

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MUNICH, May 24, 2024 /PRNewswire/ — From May 22nd to 23rd, 2024, Tan Xuguang, along with a delegation, convened in Munich, Germany, to conduct a visit and engagement with prominent entities including Germany’s TÜV Süd Group, FEV GmbH, and MAN Truck & Bus Group, a subsidiary of the Volkswagen Group. The primary objective of this initiative was to tackle the challenges posed by the advent of the new technological landscape. Central to this endeavor was the establishment of a succession of strategic cooperation agreements aimed at harmonizing global cooperation frameworks.

On May 23rd, 2024, Tan Xuguang and his delegation paid a visit to the MAN Truck & Bus Group, operating under the Volkswagen Commercial Vehicles Traton Group. During this visit, they engaged in comprehensive discussions with Christian Levin, who serves as both the Chairman and CEO of the Volkswagen Commercial Vehicles Traton Group and as the President and CEO of the Scania Commercial Vehicles Group. The focal point of these discussions revolved around the anticipated competitive dynamics and technological trajectories within the global commercial vehicle industry.

Christian Levin articulated, “Throughout the past year, our management teams have participated in numerous efficient and pragmatic visits and exchanges, resulting in the elevation of our cooperative relationship to unprecedented heights. We hold deep admiration for the accomplishments of the Sinotruk Group within the global heavy-duty truck market in recent years. The alignment of our industrial chain layouts presents mutually beneficial synergies, paving the way for extensive strategic cooperation opportunities. We eagerly anticipate the deepening of exchanges and collaboration within the realm of new technologies, with the overarching goal of achieving development that is mutually advantageous.”

Tan Xuguang asserted, “The Volkswagen Commercial Vehicles Traton Group has consistently served as a benchmark from which we derive invaluable insights. The longstanding successful collaboration between the Sinotruk Group and the MAN Truck & Bus Group in Germany spanning 15 years underscores our status as close strategic partners. Irrespective of past, present, or future, our alliance remains steadfast. We are resolutely committed to broadening cooperation across the comprehensive spectrum of ‘traditional energy + new energy’ and dual industrial chains, thereby facilitating win-win outcomes in the global arena of cooperation and competition.”

Tan Xuguang and his delegation conducted a tour of the intelligent heavy truck factory operated by the MAN Truck & Bus Group. Throughout the duration of the visit and ensuing discussions, Alexander Vlaskamp, Chairman and CEO of the MAN Truck & Bus Group, provided continuous accompaniment, offering insights and facilitating exchanges.

On May 22nd, 2024, Tan Xuguang presided over a strategic technology seminar held in Munich, facilitating collaboration between Weichai and the German engine technology consulting company, FEV. The seminar brought together experts from both FEV and Weichai headquarters, fostering extensive exchanges and discussions pertaining to product enhancements, competitive benchmarking, and future strategic planning.

Photo – https://mma.prnewswire.com/media/2421303/image_5030058_9062673.jpg
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Cision View original content:https://www.prnewswire.co.uk/news-releases/tan-xuguang-driving-strategic-collaboration-with-leading-global-industry-enterprises-302154953.html

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2024 Blockchain Critical Trend: Unveiling New Financial and Development Opportunities in Southeast Asia

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None Group, a leading blockchain group, today released its 2024 Blockchain Critical Trend report, providing a comprehensive overview of the blockchain ecosystem in Taiwan and Southeast Asia. The report highlights key trends, regulatory frameworks, and emerging opportunities for businesses, investors, policymakers, and technology enthusiasts.

Blockchain Critical Trend” released by None Group is now available for download.

Southeast Asia Emerges as a Global Financial Hub with Blockchain at the Forefront

Southeast Asia, with its unique financial landscape and over 400 million active internet users, has become a global financial hotspot, especially in the wake of the pandemic. Recognizing this opportunity, None Group has collaborated with strategy partners such as the Taiwan FinTech Association, Bitcoin Addict (Thailand), Coin98 (Vietnam), Coinvestasi (Indonesia), and Malaysia Blockchain Week to bring together 14 industry leaders to share their market insights and unveil exclusive investment opportunities.

To further promote cross-border collaboration between Southeast Asia and Taiwan, None Group will host blockchain trend release events in Vietnam and Taiwan. The Vietnam event will be held on June 5, while the Taiwan event is scheduled for July 10. These events will focus on industry trends and related blockchain topics.

Key Highlights of the 2024 Blockchain Critical Trend

The 2024 Blockchain Critical Trend report unveils the Southeast Asia blockchain landscape, covering various segments and project details. The report highlights three key takeaways:

  • Focus and Attitudes of Southeast Asian Governments
  • Expert Insights into the Industry Ecosystem
  • Cross-Border Collaboration Opportunities and Potential Explosion Points

Read the full 2024 Blockchain Critical Trend (TaiwanThailandVietnamIndonesiaMalaysiaSingaporePhilippines)

The post 2024 Blockchain Critical Trend: Unveiling New Financial and Development Opportunities in Southeast Asia appeared first on HIPTHER Alerts.

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ONCOCLÍNICAS APPROVES R$ 1.5 BILLION CAPITAL INCREASE

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Operation aims to strengthen the Company’s financial position and maintain growth strategy

SAO PAULO, May 23, 2024 /PRNewswire/ — Oncoclínicas&Co (B3: ONCO3), a leading oncology company headquartered in Latin America, has announced that the enterprise has approved a capital increase of R$ 1.5 billion at a Board of Directors meeting held on May 22, 2024.

This capital increase complies with the ceiling established within the company’s Articles of Association and does not require any statutory change. The capital increase will be carried out through the issuance of 115.4 million new registered ordinary shares with no par value.

With this issuance, Oncoclínicas&Co strengthens its capital structure, significantly reduces leverage, and increases liquidity to continue to provide better access to advanced oncology treatments to cancer patients, achieve economies of scale, and optimize the costs associated,

Investors of the Quíron Multi-Strategy Equity Investment Fund (“Quíron”) and the Tessália Multi-Strategy Equity Investment Fund (“Tessália”), investment vehicles anchored by Banco Master, entered into an investment agreement with the company and committed to subscribe up to R$ 1 billion of new shares, to be issued by Oncoclínicas&Co.

In addition, founding shareholder and CEO Bruno Lemos Ferrari announced his intention to subscribe up to R$ 500 million worth of new shares.

“The capital increase significantly strengthens our capital structure and makes us even better equipped to take advantage of future growth opportunities, while continuing to provide exceptional quality care with an acute focus on our patients and their families,” emphasized Ferrari.

The terms of the capital increase provide for the issuance of new shares at a price of R$ 13.00 per share, representing a premium of 89% over the market value, based on a recent valuation by XP Finanças Assessoria Financeira Ltda. The funds raised will be used to reduce the company’s consolidated debt, improve its cash position, maintain its growth strategy, continue its organic expansion plans, and for general corporate use.

Josephina Multi-Strategy Equity Investment Fund and Josephina II Multi-Strategy Equity Investment Fund (together the “FIPs”), investment vehicles of Goldman Sachs, have agreed to transfer their respective preferential rights to the investors of Quíron and Tessália as part of the capital increase.

Daniel Vorcaro, President of Banco Master, emphasized that “…Healthcare is one of the markets with the greatest growth potential in Brazil in the coming years, whether in the pharmaceutical industry, primary care or high value-added services, arenas where Oncoclínicas&Co occupies a prominent position in Latin America. Being part of a company that is revolutionizing access to oncology treatments in the country, alongside Goldman Sachs, is a great opportunity and indeed a privilege for our company to undertake.”

According to João Padin, Vice President of Corporate Equity Investments at Goldman Sachs Asset Management, the transaction demonstrates the attractiveness and strength of Oncoclínicas&Co’s business model.

“The funds raised are important for continuing the growth strategy and strengthening the Group’s capital structure. In this way, Oncoclínicas&Co underlines the solidity of its business and its commitment to the quality of the services offered to patients,” he added.

The notice to shareholders is available on the Investor Relations website of Oncoclínicas&Co, the CVM website and the B3 S.A. website.

Oncoclínicas&Co reaffirms its commitment to transparency and corporate governance and will keep its shareholders and the market informed of the next steps in this capital increase process.

Note To Editors:

Last year alone, the company carried out more than 600,000 procedures and has expanded its service capacity in recent years to meet the growing demand for cancer treatment. Forecasts from cancer institutes around the world and in Brazil point to a significant increase in the disease over the next two decades, mainly due to an aging population. In Brazil, the National Cancer Institute expects more than 700,000 new cases per year in the period 2023-2025.

For further information, visit http://www.grupooncoclinicas.com

View original content:https://www.prnewswire.co.uk/news-releases/oncoclinicas-approves-r-1-5-billion-capital-increase-302154787.html

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