QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Sees Enormous Opportunity in Former Lithium Mine

June 7, 2018 13:55:51
  • Electric buses predicted to overtake electric cars in popularity, reaching over 80 percent market share
  • Demand for lithium is surging and is set to grow further
  • Irgon Lithium Mine in Manitoba closed half a century ago when lithium prices were low

As the electric vehicle market sparks a worldwide scramble for lithium, QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) is optimistic about the potentially large resources to which it holds access.

The British Columbia-based company is exploring the reserves at its Irgon Lithium Mine Project in Manitoba, a mine that was mothballed by previous owners despite its estimated 1.2 million tons of lithium oxide, since the very low lithium price at the time ($11-12/short ton in 1955) meant that the project was not an attractive investment. Over half a century later, the mine’s prospects couldn’t be any more different. Rising demand for lithium has raised the potential for…

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