Saturday, 25 June 2016

BREXIT Has Wiped Off £40 B From UK Banks Valuation, Now Try Disruption Of $12 T Transportation And Energy.

  



  It will be a very short weekend in the UK, which is now being in danger to be totally consumed by mass media attacking us from all devices. It is the very important point in the European history, it is not about right and wrong - it is all about change. Friday morning UK banks were down -30%, Swiss ones -10% and Deutsche Bank was -15%. Gold was shining brightly as was the sun finally: +17% in GBP. It is the price to be paid for challenging a status quo. By the way, banks have never really recovered after 2008. It is nice to be on the right side of the trade and, maybe, history.
  Now imagine what will happen when not only people in one particular country will vote for the one particular unexpected outcome, but we all will start voting with our wallets for the better and cheaper cars, which happen to be electric and for the cheaper electricity provided by Solar. 
  Below you can find ideas about how it is possible and why it will happen. Friday morning £40 Billion dollars were wiped off of the UK banking sector. We are talking here about $14 Trillion Industries: Transportation and Energy being disrupted as we speak. Join disruption or be disrupted.     
  Now we have to find a strong woman to make the UK The Great Britain again. We have a real chance to embrace the Energy rEVolution, build the production and manufacturing base for the 21st century with EVs and Solar powered by lithium technology. The good start will be to ban all diesel cars right now following by ban for all petrol cars from 2020 and start building lithium batteries Megafactories, EVs and Solar installation to power them. If China can build from scratch New Energy Industry based on Electric Cars, Solar and Wind why the UK can't? Yes, we can - let's give it a try at least.







EuroObserver: Volkswagen DieselGate - Who Knew What When? Could It Has Been Prevented? What Is Next?





  "EuroObserver provides the great example of the true journalism and investigative reporting. On the links below you can find a lot of information which auto lobby is still hiding in the plain sight with the help of corrupted politicians. The ugly truth is that any amount of pollution is toxic and dangerous and all automakers can't comply with toxic cancer hazard emissions of diesel and petrol cars in the real driving conditions. The electrification of our transportation is the only way forward.  Now we have lithium technology, cheap lithium batteries change everything and the best electric cars are making it possible. Read more."


Elon Musk Moves To Tesla Solar Cities: The Goal - Exit The Fossil Fuels Era As Soon As Possible.




  
  "There are very heated debates on the CNBC, Bloomberg and in social media about Elon Musk's bold move to buy out SolarCity by Tesla. Number crunchers will point out to the SolarCity problems, family connections, conflicts of interests and "how many people would be better by buying Tesla Electric Car than Tesla's stock during the recent underwriting". Smarter short sellers can point out to the  "disarray of the solar industry in general" after the collapse of the Sun Edison.  Everything will work now - just to cover the Big Short. They all have a very little time left ... Elon Musk will spell it all out one more time at the Tesla Gigafactory "opening" in July. Read more."


Lithium Race In Ludicrous Mode: The Rapid Growth Of Electric Cars Worldwide, In 4 Charts.




Vox.


  "Welcome to the fast lane for electric cars everybody. Now even this very impressive chart above has changed dramatically. In our conversations cost of lithium batteries is one of the major tipping points for all cars to become electric in the very near future. The mass media and the broader public are still totally missing the point of the recent, maybe, the most important announcement by Elon Musk. Tesla can already make lithium batteries for Model S and X with the all-in cost of $190 per kWh. Now we should move our discussion from "If" To "When" all cars will be electric. As you can imagine, this groundbreaking shift will affect all forecasts for lithium demand as well.  We will have not 10%, 20% or 40% of EVs - ALL cars will be electric.
  As Tony Seba has pointed out: once the cost of rooftop Solar energy generation becomes cheaper than the cost of energy transmission local Solar will make all centralised nuclear, gas and other Energy sources obsolete in general. We have the Energy World just before the INTERNET. We are moving from Data Storage to Energy Storage. The same is happening with electric cars: once you can have an electric car with better performance than ICE, which is cheaper as well, whole industries will be gone. We are witnessing the generational disruption of the world as we know it by lithium technology making cheap and efficient Energy storage reality. Read more."


Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.




InsideEVs.


  "InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base.  Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric. 
  Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology  announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant anymore. 
  Elon Musk has announced that Tesla can already produce lithium battery with the all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with a promise to invest $1 Billion in order to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become an even larger market for lithium based batteries. We are talking here about a disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
  International Lithium continues to build a vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."









Donald Trump, Energy rEVolution and Inverted Pyramid.






  "Panic is in the air. The establishment is challenged by one of them, who knows all the Rules. Donald Trump: the first presidential candidate without Corporate Prepaid Access Card - is running wild and straight into the Oval Office. He will be elected on just one slogan "Let's stop all this BS (Banking Slang) - I did it myself". He has answers for everything, he is not asking for money anyone and he can act fast. And do not hold your nose, please; it is your country, what is left out of it after air pollution and GMO attack. He talks the language the fed up with BS people can understand. They want the real change. 
  The establishment is in a total shock. One of them had blown the last pieces of the built by Brothers for thousand of years Pyramid and now it is turned over on its head. It is still on the U.S. Dollar bill, but Chinese trust Gold more now. Welcome to the end of the beginning. We are finishing Information Revolution based on the Internet.  Read more."






Wednesday, 22 June 2016

Elon Musk Moves To Tesla Solar Cities: The Goal - Exit The Fossil Fuels Era As Soon As Possible.



  
  There are very heated debates on the CNBC, Bloomberg and in social media about Elon Musk's bold move to buy out SolarCity by Tesla. Number crunchers will point out to the SolarCity problems, family connections, conflicts of interests and "how many people would be better by buying Tesla Electric Car than Tesla's stock during the recent underwriting". Smarter short sellers can point out to the  "disarray of the solar industry in general" after the collapse of the Sun Edison.  Everything will work now - just to cover the Big Short. They all have a very little time left ... Elon Musk will spell it all out one more time at the Tesla Gigafactory "opening" in July.





  Elon Musk has actually talked about it numerous times and this video  from the last December in France represents the short answer. It is not about money, at least not in Wall Street sense: how much have we cut from our clients last Q? It is all about the vision and goal. Elon Musk sends the last warning to $12 Trillion Transportation and Energy Industries: join disruption or be disrupted. He is already ahead the curve explained so brilliantly by Tony Seba. He is changing the world. "The Goal - Exit The Fossil Fuels Era As Soon As Possible." 
  At his new level money is of interest to Elon Musk only as a metrics to stay solvent and have enough fuel to propel his vision. In his lengthy letter to all stakeholders of Space X he has said it all - if he could choose he would stay private as long as he can with Tesla as well. And he should not really complain - Tesla has its recent financing for "Model 3 expansion" on the fly. 
  Elon Musk's real value is his ability to move very fast using the advance technology is giving him to fill the market's void. 400,000 reservations of Tesla Model 3 in a month have demonstrated that people are ready to buy the best electric cars at the right price. They are ready for the Solar power at the right price as well.





  Technology is driving us very fast to those right prices. The map from Solar City above is showing the space we need to power all USA with existing Solar Power generation technology today. Fast falling prices for lithium batteries make Electric Cars and Solar power possible.  UBS has recent finally killed Hydrogen Myth and Fool Cells for transportation in its report - pure battery electric cars will be the  future. Boston Consulting Group at the same Benchmark Battery Supply Conference in London was talking about Solar in Germany. For 40% households it makes more sense to buy Solar and Energy Storage together already! The return on the capital is higher. Elon Musk is using the market opportunity to pick up Solar City at the distressed level of valuation and bring it into the Tesla family creating the 21st Century Energy Business. We are talking here about Energy Generation and Storage business disrupting $12 trillion industries. Some of this storage will be on wheels, some at your house, some at utility scale - Elon Musk goes to the 1st level of physics: electricity is the most efficient form of energy known to us. Now we can produce Solar power cheaper and we can store it and use when we can.





  $5.3 Trillion dollars subsidies for fossil fuels world-wide according to the IMF is the void to be filled once you become competitive on price. Electric Cars with Tesla Model 3 and Gigafactory are moving there and Solar is getting there as well. So if Elon Musk will take 20% of this subsidised sector can we talk about Tesla as $1 Trillion market cap company one day? I do not know, but it looks that Elon Musk can get there much faster than Apple now. My cry to Apple was for years to Buy Tesla and now to partner up with Elon Musk and start building dozens of Gigafactories all over the world to bring us Holy Grail for mass market for electric cars $100 per kWh of lithium battery in your new EV. Than my 20/200 formula will finish Fossil Fuels: when $20k buys you EV with better performance than BMW 2 type car with 200 miles range. Holy Grail means that battery will cost only $5k in that car. The rest Foxconn knows how to do with Tesla. Will it ever happen? The question is only when now.
  Please do not get me wrong and read my disclaimer - I am not talking about any shares, business valuations and other small things along this road. We are talking here about the World just before the INTERNET. This is Energy rEVolution. Lithium Technology and the magic metal Lithium are at the very heart of it. Why Lithium and why I am personally investing in "Sugar" for all that "Warren Buffetts' Coca-Cola" business above are on the links below.



Tesla's Solar City acquisition conference call with Elon Musk.






International Lithium At Wentworth 2016 Presentation.





Lithium Race In Ludicrous Mode: The Rapid Growth Of Electric Cars Worldwide, In 4 Charts.




Vox.


  "Welcome to the fast lane for electric cars everybody. Now even this very impressive chart above has changed dramatically. In our conversations cost of lithium batteries is one of the major tipping points for all cars to become electric in the very near future. The mass media and broader public are still totally missing the point of the recent, maybe, the most important announcement by Elon Musk. Tesla can already make lithium batteries for Model S and X with all-in cost of $190 per kWh. Now we should move our discussion from "If" To "When" all cars will be electric. As you can imagine, this groundbreaking shift will affect all forecasts for lithium demand as well.  We will have not 10%, 20% or 40% of EVs - ALL cars will be electric.
  As Tony Seba has pointed out: once the cost of rooftop Solar energy generation becomes cheaper than the cost of energy transmission local Solar will make all centralised nuclear, gas and other Energy sources obsolete in general. We have the Energy World just before the INTERNET. We are moving from Data Storage to Energy Storage. The same is happening with electric cars: once you can have an electric car with better performance than ICE, which is cheaper as well, whole industries will be gone. We are witnessing the generational disruption of the world as we know it by lithium technology making cheap and efficient Energy storage reality. Read more."


Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.




InsideEVs.


  "InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base.  Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric. 
  Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology  announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant any more. 
  Elon Musk has announced that Tesla can already produce lithium battery with all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with promise to invest $1 Billion to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become even larger market for lithium based batteries. We are talking here about disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
  International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."












  



International Lithium Corp. and Pioneer Resources Execute Option Agreement On Mavis Lake Project, Ontario, Canada.




International Lithium Corp. President’s Message.



"ILC is unique in that we not only have a very strong financial partner providing capital for our joint venture projects, but Ganfeng is also the end user. They have 19 processing patents and are the only lithium materials producer capable of working with both brine and spodumene sources of lithium raw materials. We are developing projects that will potentially produce the lithium source material they require for processing.  We are also applying the strategic partner model to our North American projects and are using the exploration knowledge gained at Avalonia in Ireland to build up our Upper Canada Lithium Pool projects."



International Lithium: New Discoveries With Ganfeng Lithium In Ireland and Argentina.

"We are very pleased to celebrate our 5th IPO anniversary with our strategic partner $4.5 Billion giant from China Ganfeng Lithium. These new discoveries at Mariana Lithium Brine J/V project in Argentina and at Avalonia Lithium Hard Rock J/V project in Ireland show International Lithium's very deep technical Team at its best, delivering the results  based on the advanced exploration technologies developed by ILC both for lithium brine and lithium hard rock projects. On behalf of all shareholders, I would like to thank all ILC Team and particularly Gary Schellenberg, Anthony Covacs, John Harrop, Bruno Kasper and Mike Sieb for these outstanding exploration results bringing Mariana and Avalonia projects to the new level of development."


Please carefully read my legal disclaimer, nothing on this blog represents investment and/or tax advice. Please always consult your qualified financial adviser before making any investment decisions. 





International Lithium:

International Lithium Corp. and Pioneer Resources Execute Option Agreement

Mavis Lake Lithium Joint Venture Project, Ontario, Canada
Vancouver, B.C. June 22, 2016 International Lithium Corp. (the “Company” or “ILC”) (TSX Venture:ILC.V) is pleased to announce that the Company and strategic partner Pioneer Resources Limited (“Pioneer”) (ASX:PIO) has exercised an Option Agreement to advance an exploration program on the Company’s Mavis Lake Lithium project in Ontario, Canada (“Project”) (see Company news release March 14 and April 20, 2016).
Key Highlights:
  • Mavis Lake Lithium Project Option Agreement executed with Pioneer;
  • Pioneer may earn an initial 51% interest in the Project by expending CAN$1.5 million on exploration activities within three years;
  • Exploration personnel on-site with field programs to include a comprehensive ground magnetic survey, litho- and soil geochemistry surveys to highlight prospective pegmatite targets in preparation for a diamond drill programme;
  • Field reconnaissance at the spodumene bearing Pegmatite 18 prospect has confirmed the observable strike length in excess of 200m at surface has yet to be drill tested.




2016 Mavis Lake Project Exploration Programme
Company field personnel are currently on site and have commenced the first phase of the 2016 exploration programme at the Mavis Lithium Project, with additional field support from Coast Mountain Geological and members of the Wabigoon Lake Ojibway Nation.
The first phase exploration programme will be comprised of ground magnetic, lithogeochemistry and soil surveys and are scheduled for completion in July 2016.
Ground Magnetic Surveys are useful to identify blind, near-surface pegmatite emplacements. Pegmatites typically have low magnetic susceptibility that is a distinctly identifiable characteristic especially in contrast with the dark mafic metavolcanic host rocks at Mavis.  The magnetometer survey will be highly detailed, taking continuous readings along lines spaced 50 meters apart.  Up to 250 line kms are planned and will provide the first property-wide magnetic survey of the Project area utilizing the most up to date technology.
Litho-geochemical surveys are utilized to identify the rare metal dispersion corridors within the host rocks adjacent to or capping buried or hidden rare metal pegmatites.  Normally the rare metal alteration halo of the host rocks in contact with pegmatites is in the meter scale, but unique to the pegmatite belt at Mavis, the host rocks exhibit a rare metal dispersion halo well into the tens of meters.  This significantly widens litho-geochemical targets; therefore, this type of survey at Mavis is anticipated to be highly effective in identifying corridors that host pegmatites buried under soil cover or near-surface, blind pegmatite bodies.
Soil geochemistry surveys are useful where there is limited outcrop to perform a litho-geochemical survey and are intended to identify rare metal dispersion halos associated with pegmatite emplacement as expressed in the overlying soils.
The field surveys in combination with prospecting and mapping are intended to identify high priority targets for a subsequent drill programme.  The Company has realized significant success, particularly at the Company’s Avalonia Project in Ireland, in developing and employing this multilayered field survey approach to pegmatite exploration.
Recently, field reconnaissance at the Mavis Lake project spodumene bearing Pegmatite 18 prospect has confirmed the observable strike length, in excess of 200m at surface, has yet to be drill tested and clearly represents a high priority drill target.
The highest lithium values on the Mavis Lake Property occur in albite-spodumene-type pegmatites such as Pegmatite 18.  Historical sampling on the Pegmatite 18 prospect by the Company has returned grab samples grading up to 3.14% Li₂O* and one composite channel sample across part of Pegmatite 18 grading 1.22% Li₂O* over 5.3m (documented in the Company’s 2009 Ontario Work Assessment Report and NI43-101 technical report dated February 5th, 2010 respectively).
*Note: Grab samples are by definition selective, should not be relied on and are unlikely to represent average grades on the property. Reported channel sample widths may not represent true widths of the pegmatite.
Dependent upon the completion of the above programmes and obtaining regulatory approvals drilling is likely to commence in September.  A drill programme totalling 1,500m of diamond drilling is contemplated and is intended to follow-up key spodumene intersections from earlier drilling and sampling campaigns with an allocation for new targets.
Mavis Lake Option Agreement
Under the terms of the Agreement Pioneer can earn up to an 80% interest in ILC’s 100% owned Mavis Lake property, which includes the Fairservice patented mining leases (the “Mavis Lithium Project”), located near Dryden, Ontario, Canada.
The key terms of the Option Agreement:
  • Pioneer may earn an initial 51% interest in the Project by expending CAN$1.5 million on exploration activities within three years and paying to ILC a total of CAN$375,000 in cash and shares 50/50 over the same three years (the “First Earn-in”).
  • Following the First Earn-in, ILC will be granted a 1.5% Net Smelter Return royalty (“NSR”), purchasable at any time for CAN$1.5 million.
  • Pioneer will then be granted, if they choose, a Second Option where they can earn an additional 29% through expending CAN$8.5 million within seven years (total CAN$10 million over ten years). Thereafter the Parties will contribute on a pro-rata basis. If either Party dilutes to 15% Project Equity, their interest is converted to a 1.5% NSR.




About Mavis Lithium Project
Key factors that make the Mavis Lithium Project attractive are its location and established infrastructure.  Situated only 19 kilometres from the town of Dryden, Ontario and approximately 300 kilometres via the Trans-Canada Highway to Thunder Bay, an industrial centre in Ontario. Rail and power access are also readily available as well as a skilled workforce, experienced in sustainable natural resource development.  The claim blocks comprise a total of 2,624 hectares and straddle a continuous pegmatite field exhibiting high-grade, well-evolved, lithium and tantalum zonation as well as significant levels of caesium and rubidium.
John Harrop, P.Geo, FGS, is a Qualified Person as defined under NI 43-101 and has supervised preparation of the technical information contained in this news release.


International Lithium Corp. is an exploration company with an outstanding portfolio of projects, strong management ownership, robust financial support and a strategic partner and keystone investor Ganfeng Lithium Co. Ltd., a leading China based lithium product manufacturer.
The Company’s primary focus is the Mariana lithium-potash brine project, a joint venture with Ganfeng Lithium Co. Ltd. within the renowned South American “Lithium Belt” that is the host to the vast majority of global lithium resources, reserves and production. The 160 square kilometre Mariana project strategically encompasses an entire mineral rich evaporate basin that ranks as one of the more prospective salars or ‘salt lakes” in the region.
Complementing the Company’s lithium brine project are three rare metals pegmatite properties in Canada known as the Mavis, Raleigh, and Forgan projects and one in Ireland (Avalonia project). The Avalonia project is under option to strategic partner Ganfeng Lithium and the Mavis project with strategic partner Pioneer Resources Limited (PIO:ASX).  The Mavis, Raleigh and Forgan projects together form the basis of the Company’s newly created Upper Canada Lithium Pool designated to focus on acquiring numerous prospects with previously reported high concentrations of lithium in close proximity to existing infrastructure.
With the increasing demand for high tech rechargeable batteries used in vehicle propulsion technologies and portable electronics, lithium is paramount to tomorrow’s “green-tech”, sustainable economy. By positioning itself with solid development partners and acquiring high quality grass roots projects at an early stage of exploration, ILC aims to be the resource explorer of choice for investors in green tech and build value for its shareholders.
On behalf of the Board of Directors,
Kirill Klip
President, International Lithium Corp.



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. News release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Tuesday, 21 June 2016

International Lithium Corp. President’s Message.




International Lithium: New Discoveries With Ganfeng Lithium In Ireland and Argentina.


"We are very pleased to celebrate our 5th IPO anniversary with our strategic partner $4.5 Billion giant from China Ganfeng Lithium. These new discoveries at Mariana Lithium Brine J/V project in Argentina and at Avalonia Lithium Hard Rock J/V project in Ireland show International Lithium's very deep technical Team at its best, delivering the results  based on the advanced exploration technologies developed by ILC both for lithium brine and lithium hard rock projects. On behalf of all shareholders, I would like to thank all ILC Team and particularly Gary Schellenberg, Anthony Covacs, John Harrop, Bruno Kasper and Mike Sieb for these outstanding exploration results bringing Mariana and Avalonia projects to the new level of development."
Please carefully read my legal disclaimer, nothing on this blog represents investment and/or tax advice. Please always consult your qualified financial adviser before making any investment decisions. 




International Lithium:

International Lithium Corp. President’s Message.

June 2016

Dear Stakeholders of International Lithium,
When we launched ILC in 2009 we had a vision of becoming a global supplier of lithium as a raw material, contributing to the green energy revolution. As an exploration company that was a leader in this field we faced a few challenges conveying lithium’s potential to the market, a market that was just beginning to grasp the importance of lithium to clean and sustainable transport.  The fall in commodity prices and subsequent depressed markets for mineral development companies also impeded our advancement, but today I am here to report we have overcome many of these obstacles and made significant progress in reaching key milestones. By managing our corporate resources effectively over the past 5 years (since our IPO in 2011), we have advanced our lithium projects, acquired new properties and formed partnerships with global lithium suppliers and developers.
Since my last address in May of 2015 my predictions have indeed come to fruition. Lithium prices have nearly tripled and demand continues to climb. There appears to be no sign of a slowdown either, consumers demand technologies that use lithium as a power source and the transportation industry is increasingly using lithium to catalyze new vehicle designs that reduce carbon emissions. Electric vehicle sales grew by 70% last year and still only account for less than 1% of total cars sold; they are rising exponentially from a very low base. Tesla reported last year that in China alone, EV sales increased by 400%. A study by Bloomberg New Energy Finance recently published a forecast report that EV sales will hit 41 million by 2040, representing 35% of vehicle sales. This would be almost 90 times the amount from 2015. I am sharing these statistics as they support our decision to acquire and develop new strategic properties in Canada this year; all of which lie in the heart of the North American auto manufacturing industry.  Automakers with facilities in Ontario like GM, Ford, Toyota and Chrysler are all developing EV’s to compete with Tesla and are looking to source lithium for their power plants. Our portfolio holds three key properties in the area; Raleigh, Mavis and Forgan Lake, all within the Upper Canada Lithium pool.
Last September I announced that we would be refocussing our attention on growing opportunities once we completed our financing. We have done so successfully and are now on track with advancing the Mavis Lithium project through a new joint venture with Pioneer Resources Limited (for full details please see the 04.20.2016 news release). The Mavis property is in a location with established infrastructure and is a key to targeting a new lithium supply chain in North America. We are currently beginning an exploration program on this project which should extend throughout the summer field season.
As we work to grow our operations worldwide, we rely greatly on the experience and knowledge gained from our partner Ganfeng Lithium. We consider ourselves very fortunate to have an established commercial lithium supplier as a partner. Since we entered into a strategic relationship five years ago we have focused our expertise and efforts on the Mariana Lithium Brine project in Argentina and the Avalonia Pegmatite project in Ireland. Both projects have recently announced exploration programs that were carried out on the properties which we are looking to extend through the remainder of the year.
The latest drill programme conducted at the Avalonia Lithium project in Ireland revealed a new pegmatite body, proving the lateral extent of the lithium pegmatite occurrences is greater than previously known, consequently opening more ground for potential discoveries.  We are currently awaiting analytical results from core samples taken during the recent drill program. Full details can be found on the Jun_09_2016 news release.
Equally exciting are the recent exploration results from the Mariana Lithium Brine Project in Argentina. A potentially important third aquifer was discovered deeper in the salar. We are currently awaiting lab results of brine samples from the program. Also, evaporation path studies have recently revealed that raw brine from the shallow aquifers responds well to treatment with lime to facilitate the removal of sulphate and magnesium. For details on the latest findings please see the June_16_2016 news release.
ILC is unique in that we not only have a very strong financial partner providing capital for our joint venture projects, but Ganfeng is also the end user. They have 19 processing patents and are the only lithium materials producer capable of working with both brine and spodumene sources of lithium raw materials. We are developing projects that will potentially produce the lithium source material they require for processing.  We are also applying the strategic partner model to our North American projects and are using the exploration knowledge gained at Avalonia in Ireland to build up our Upper Canada Lithium Pool projects.
Thank you for your attention.

Kirill Klip

President, International Lithium Corp.



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Statements in this press release other than purely historical information, historical estimates should not be relied upon, including statements relating to the Company’s future plans and objectives or expected results, are forward-looking statements. News release contains certain “Forward-Looking Statements” within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in the Company’s business, including risks inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

Monday, 20 June 2016

Lithium Race In Ludicrous Mode: The Rapid Growth Of Electric Cars Worldwide, In 4 Charts.


Vox.


  Welcome to the fast lane for electric cars everybody. Now even this very impressive chart above has changed dramatically. In our conversations cost of lithium batteries is one of the major tipping points for all cars to become electric in the very near future. The mass media and broader public are still totally missing the point of the recent, maybe, the most important announcement by Elon Musk. Tesla can already make lithium batteries for Model S and X with all-in cost of $190 per kWh. Now we should move our discussion from "If" To "When" all cars will be electric. As you can imagine, this groundbreaking shift will affect all forecasts for lithium demand as well.  We will have not 10%, 20% or 40% of EVs - ALL cars will be electric.
  As Tony Seba has pointed out: once the cost of rooftop Solar energy generation becomes cheaper than the cost of energy transmission local Solar will make all centralised nuclear, gas and other Energy sources obsolete in general. We have the Energy World just before the INTERNET. We are moving from Data Storage to Energy Storage. The same is happening with electric cars: once you can have an electric car with better performance than ICE, which is cheaper as well, whole industries will be gone. We are witnessing the generational disruption of the world as we know it by lithium technology making cheap and efficient Energy storage reality.



Cheap Lithium Batteries Change Everything: EVs Sales Rising Exponentially And Solar Energy Storage Next.



InsideEVs.


  "InsideEVs brings to our attention the major driving force behind the exponential growth of sales for EVs from the very low base.  Cheap lithium batteries change everything. Tony Seba is the best to explain why all cars will be electric by 2030.Elon Musk with Tesla Motors is doing this trick and now Tesla Model 3 will ignite the real transition to the best cars which just happen to be electric. 
  Oil and Auto industry are poisoned by their own toxic cancer hazard emissions from diesel and gas powered ICE engines and still in denial at their own peril about the dramatic shift in technology  announced by Elon Musk last month. Now even truly rEVolutionary estimations for the cost of lithium batteries by Tony Seba are not relevant any more. 
  Elon Musk has announced that Tesla can already produce lithium battery with all-in cost of $190 per kWh. Mass production of batteries at Gigafactory will bring cost even lower, next stage will be Lithium Solid State with prices at $100 per kWh and Tesla Model S and X with over 500 miles range. I believe that Elon Musk is already working on LSS at Gigafactory. Dyson has joined the lithium race as well and bought out Lithium Solid State pioneer Sakti3 with promise to invest $1 Billion to commercialise this technology. Lithium Air is still years away from the field applications, but this lithium technology promises to bring us batteries with cost below $100 per kWh and electric cars with 1,000 miles range. Solar Energy Home and Utility Storage Systems will benefit next from this dramatic decrease in technology cost and will become even larger market for lithium based batteries. We are talking here about disruption of $4 Trillion Transportation and $8 Trillion Energy Industries. Lithium is the magic metal at the very heart of this Energy rEVolution.
  International Lithium continues to build vertically integrated lithium business with $4.5 Billion MC giant from China Ganfeng Lithium and now we have 3 Lithium projects in our Upper Canada Pool to secure lithium supply for the West and North American market. Read more."







International Lithium At Wentworth 2016 Presentation.







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One million down, another billion or so to go.
In a new report, the International Energy Agency estimates that 1.26 million electric cars hit the world's roads in 2015, passing a nifty (if symbolic) milestone. Here's a chart showing the very rapid growth of both battery electric vehicles (BEVs) and plug-in hybrids (PHEV):


 (IEA, Global EV Outlook 2016)
BEV = battery electric vehicles; PHEV = plug-in hybrid vehicles, which typically have both an electric motor and a conventional engine.

The United States now has 400,000 electric vehicles on the road — a massive increase since 2010, though well short of Obama's goal of 1 million by 2015. Meanwhile, China has become the world's largest market, overtaking the US in annual sales last year.
Is 1 million a lot? It depends how you look at it. It's jaw-dropping growth given that there were only a few hundred electric vehicles on the entire planet back in 2005. And the total number of electric vehicles worldwide has tripled just since 2013.
But to put this in perspective, there are more than 1 billion gasoline- and diesel-powered cars on the world's roads — and demand will keep soaring in the decades ahead as China and India's middle classes expand. So we have a long, long way to go before electric cars take over the world.
In order to avoid more than 2°C of global warming, the IEA calculates, we'd likely need to see about 150 million electric cars on the road by 2030 and 1 billion by 2050 as part of a broader climate strategy. The good news, the agency says, is that this ambitious electric vehicle target seems much more feasible than it did just a few years ago.

Two big reasons for the rapid growth of EVs: public subsidies and falling battery prices

For starters, more and more countries are enacting policies to build up charging infrastructure and incentivize vehicle purchases. The table below details some of those policies, which include everything from tax breaks to tailpipe emission standards (which favor cleaner electric cars) to HOV lane access:


 (IEA, Global EV Outlook 2016)

"Ambitious targets and policy support have lowered vehicle costs, extended vehicle range and reduced consumer barriers in a number of countries," the report says.
As a result, electric vehicles now make up more than 1 percent of sales in China, France, Denmark, and Sweden. They make up 9.7 percent of sales in the Netherlands, and 23 percent of sales in Norway, which offers some of the most generous tax incentives around, worth about $13,500 per car.
The other huge driver here is falling battery costs, which have fallen by a factor of four since 2008. Since batteries make up around one-third of the price of electric vehicles, getting this number down even further is crucial for widespread adoption.


 (IEA, Global EV Outlook 2016)

The Department of Energy estimates that battery costs need to fall to $125 per kilowatt-hour by 2022 to achieve cost-competitiveness with conventional vehicles. The IEA says this "seems realistic" given current rates of technological improvement, and points out that manufacturers like Tesla and GM have set even more ambitious cost targets.
The amount of energy that batteries can hold (known as energy density) has also improved significantly. The IEA cites various reports that electric cars will soon be able to travel more than 180 miles on a single charge — also critical for boosting consumer adoption and alleviating "range anxiety." 
Meanwhile, electric cars get all the attention, but the IEA points out that the electrification of other modes of transport, including motorcycles and buses, is just as important. Particularly in countries where these vehicles are widespread:
The electrification of road transport modes other than cars, namely 2-wheelers, buses and freight delivery vehicles, is currently ongoing in a few localised areas. With an estimated stock exceeding 200 million units, China is the global leader in the electric 2-wheelers market and almost the only relevant player globally, primarily because of the restriction on the use of conventional 2- wheelers in several cities to reduce local pollution. China is also leading the global deployment of electric bus fleets, with more than 170 000 buses already circulating today.

To help solve climate change, electric cars need to do much, much more

Here's one last chart from the IEA, showing what electric car deployment would have to look like to help meet the emissions-reduction promises put forth at the Paris climate talks last year (around 100 million electric cars by 2030). It also shows the even faster deployment that would be needed to keep global warming below 2 degrees Celsius (about 150 million):


 (IEA, Global EV Outlook 2016)

We're on track now, but it's early. In fact, as the IEA points out elsewhere, electric vehicle deployment is basically the only area where the world's nations are on track to hit the targets needed to stay below 2 degrees Celsius.
One final caveat: As David Biello recently explained at Scientific American, electric cars aren't inherently greener than their gasoline-powered counterparts. If you use coal-fired power plants to charge all those electric cars, the climate benefits are minimal (or, worse, negative). The IEA is well aware of this, although it also notes that electric car deployment can help support the rollout of cleaner renewable energy, too:
The climate change-related benefits of EVs can be fully harvested under the condition that their use is coupled with a decarbonised grid, an additional challenge for countries that are largely dependent on fossil fuels for power generation. Investment in EV roll-out can support this transition, e.g. increasing the opportunities available to integrate variable renewable energy.
Cleaning up the grid is a sine qua non for electric cars to help ameliorate climate change, although this hardly seems like a deal breaker for the technology. Think of it this way: If we don't clean up the world's electric grid, we have little chance of stopping global warming either way. The two have to go hand in hand."