- Global demand rising for electric vehicles fueled by lithium-ion batteries, with sales reaching 1.24 million vehicles in 2017
- Marifil Mines uniquely positioned in Argentina’s famed ‘Lithium Triangle’
- Lithium-ion battery market expected to reach a value of $67.7 billion by 2022
- Assay work continues on 600 core samples taken from company’s flagship property in gold-producing region
The world’s appetite for battery-powered vehicles shows no sign of abating as major automakers announce plans to launch more than 400 models of electric vehicles (“EV”) by 2025, a report by Frost & Sullivan states (http://nnw.fm/O5dOc). Global EV sales are expected to grow at a compound annual growth rate of 11 percent between 2017 and 2022, when the industry could be worth almost $128 billion, according to BCC Research (http://nnw.fm/VA57o). Fueling these electric vehicles, and many of the mobile devices enjoyed by consumers, are lithium-ion batteries.
Junior exploration company Marifil Mines Ltd. (TSX.V: MFM) (OTCQB: MFMLF) and its sizable portfolio of lithium and cobalt claims (another element used in key battery technologies) is positioned to benefit…
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