Venture capitalists have been placing enormous bets on lithium-ion (Li-ion) batteries. These high-tech batteries now power everything from smart phones and power tools to electric vehicles. Demand for lithium is certain to surge as vehicles become greener, new devices flourish and electricity becomes cleaner. In a testament to the immense opportunity created by the batteries’ versatility, venture capital firms have already pumped a record $1 billion-plus into battery technology this year, more than double all of last year’s total (http://nnw.fm/3TuqE). Surging demand and inadequate market supply have intensified the hunt for new sources of this critical mineral by Lithium Chile, Inc. (TSX-V: LITH) (OTC: LTMCF) (LTMCF Profile) and other interested mining companies such as Albemarle Corp. (NYSE: ALB), Lithium Americas Corp. (TSX: LAC) (NYSE: LAC), FMC Corporation (NYSE: FMC) and Sociedad Quimica y Minera de Chile (NYSE: SQM).
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About Lithium Chile
Lithium Chile Inc. is advancing a lithium property portfolio consisting of 140,100 hectares covering sections of 13 salars and one laguna complex in Chile. The properties include 56 square kilometres on the Salar de Atacama which hosts the world’s highest concentration lithium brine production and is currently the source of about 30 percent of the world’s lithium production. Lithium Chile also owns a significant Copper/Gold/Silver property portfolio consisting of 28,184 hectares over six different properties located in Chile. The company is currently engaged in the spinout of the copper gold assets into a separate company. Lithium Chile Inc.’s common shares are listed on the TSX-V under the symbol “LITH”. For more information, visit the company’s website at www.LithiumChile.ca.
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