- STLHF adds 6,000 more acres to its Bristol Dry Lake Lithium Project, and aims to be a significant low-cost, domestic producer of battery-grade lithium materials
- Electric cars and smart phones use ion-lithium rechargeable batteries — driving prices and demand. According to Platt’s, lithium production can be expected to grow to 500,000 metric tons by 2020 from 200,000 today
- Goldman Sachs terms lithium “the new gasoline” as it projects that electric cars will have 61% market penetration by 2040, when it sees sales of electric cars outnumbering gasoline units
Standard Lithium Ltd. (TSX.V: SLL) (FRA: S5L) (OTCQX: STLHF) is part of a worldwide race to produce enough lithium to satisfy the growing demand for the ore from electric car makers and smart phone makers. The question now is how soon miners can bring their lithium supply online to meet that demand. Companies such as Tesla have an insatiable demand for lithium, with Platt’s projecting that production could grow to 500,000 metric tons by 2020 from 200,000 today (http://dtn.fm/0wIWS).
STLHF is a junior lithium mining company with a market cap of only $62 million. Along with others, it is aggressively seeking to fill increased worldwide demand for lithium for the manufacture of lithium-ion batteries used in the manufacture of electric cars and smart phones. Goldman Sachs has termed lithium as “the new gasoline”, according to an article titled, “The Global Scramble For Lithium” (http://dtn.fm/Ze2yY). STLHF is focused on finding more lithium in the Bristol Dry Lake project to boost its valuation for investors as a significant low-cost, domestic producer of battery-grade lithium materials.
While Australia, Chile and China are top producers of lithium globally, according to Lithium Investing News (http://dtn.fm/5M5lO), STLHF has announced that its subsidiary, California Lithium Ltd., has signed an amendment agreement with National Chloride Company of America to expand its land production lease in California (http://dtn.fm/4SujJ). The U.S. is only the eighth-ranked lithium producer worldwide. According to the U.S. Geological Survey, “The U.S. has a lot more untapped lithium resources than economically mined reserves at this point” (Feb, 2017). Standard Lithium believes significant opportunity exists to develop geopolitically secure domestic U.S. lithium assets. The amended agreement adds 6,000 acres to STLHF’s land holdings in the Bristol Dry Lake Lithium Project, now totaling 25,000 acres in the Mojave region of San Bernardino County in California.
Lithium Investing News reports that lithium production rose 12% in 2016 to 35,000 metric tons. Morgan Stanley projects that more electric cars will be sold by 2040 than gas-powered cars, with market penetration growing from 16% in 2030 to 51% by 2040 (http://dtn.fm/w9RyQ). In its most bullish scenario, projections are that electric cars will reach 60% market penetration by 2040 and 90% by 2045. Whichever projection comes true, 159,000 more electric vehicles were on the road in 2016, and sales were up 38% over 2015 levels, according to research from FleetCarma (http://dtn.fm/aFHJ8).
For more information, visit the company’s website at www.StandardLithium.com
About MissionIR
MissionIR is primarily focused on strategic communications. We have executed countless communications programs to address the needs of companies ranging from start-ups to established industry leaders, gaining valuable experience and the expertise necessary to determine the most effective strategy for any given situation.
For more information, visit www.MissionIR.com
MissionIR (MIR)
Atlanta, Georgia
www.MissionIR.com
404.941.8975 Office
Editor@MissionIR.com
Please see full terms of use and disclaimers on the Mission Investor Relations website applicable to all content provided by MIR, wherever published or re-published: http://www.missionir.com/disclaimer.html
