QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is Fired Up about No-Fire Lithium Batteries

August 29, 2018 10:51:22
  • Safety improvements in lithium battery technology on the horizon
  • Lithium demand driven by electric vehicle and energy storage system uses
  • Quantum Minerals adds nine new claims at lithium-rich Irgon Mine Property

Not all news about lithium is good. Who wants to hear about another fire started by an exploding lithium battery? Such reports raise justified concern, particularly as lithium batteries are becoming almost as ubiquitous as outlets connected to the electrical power grid. But such ill tidings may soon be a thing of the past, for a new electrolyte may stop lithium batteries from catching fire. This welcome development removes one more hurdle to the widespread adoption of lithium-ion batteries and boosts the fortunes of lithium producers like QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ). As global demand for the metal continues to rise, the mineral resource company has increased its claims at its Irgon Mine Property. The company’s 100-percent-owned Irgon Lithium Mine Project lies within the prolific Cat Lake-Winnipeg River rare-element pegmatite field of southeastern Manitoba, which also hosts Cabot Corporation’s rare-element TANCO pegmatite deposit.

Demand for lithium is expected to continue to increase, as lithium-ion battery applications and systems multiply. The main driver, at present, appears to be power systems for electric vehicles. However, lithium batteries are also finding…

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