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QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) Enthusiastic about Lithium’s Continued Prospects

  • QMC sees lithium’s pricing outlook remaining favorable
  • QMC upgrading assets at Canadian properties to modern NI 43-101 standards, expanding target size
  • Lithium contract prices up 20 percent over last year amid forecasts of $1.7 billion in overall value by next year

The anticipated increase in demand for lithium is positioning the lightweight metal as a prime target for new mining ventures. QMC Quantum Minerals Corp. (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ), in particular, is expressing confidence in the unfolding of its southern Canada exploration project.

“At the bearish analysts’ lowest projections, lithium prices will still remain so high that a good resource which is run well, should surely prove successful,” QMC’s website states (http://nnw.fm/QsU0m). “In 2007, lubricating greases and pharmaceuticals added up to more demand for lithium than did lithium consumption in lithium ion batteries. Batteries absorbed about 18 percent of the lithium supply at the time. Ten years later, that jumped to 39 percent for batteries. As many analysts continue to predict, this pace will only accelerate for the next several years.”

During August, spot prices for China’s 99.5 percent lithium carbonate declined nearly 10 percent, while global lithium carbonate equivalent (LCE) contracts saw price increases of about 20 percent over the previous year to around $16,000 per metric ton (http://nnw.fm/7Qlfk).

The overall market paints a positive picture of potential for the metal, which now serves to provide heat stability to power supplies in a wide variety of computerized products, including digital cameras, smartphones, laptops and electric vehicles. The latter is expected to play a key role in driving demand during the coming decade amid international efforts by governments to reduce their pollutant impact on the earth’s environment.

Lithium Investing News recently provided a market forecast calling for global lithium demand to reach 49,350 metric tons by next year with an LCE contract valuation of $1.7 billion (http://nnw.fm/HKz5M).

QMC is testing the strength of its 100 percent-owned Irgon Lithium Mine Project located in S.E. Manitoba, northwest of the Great Lakes and automaker hubs in the United States. The Manitoba Irgon Mine Project is situated where historic exploration enterprises prepared to extract up to 500 tons of ore per day several decades ago, when market prices were less favorable.

QMC is drawing on the expertise of SGS Canada, Inc. in establishing the viability of its Irgon Mine Property for the resumption of mining activity. SGS will provide consulting exploration services to QMC and will oversee the analysis of metals found in testing using its exclusive MMI (mobile metal ion) technology (http://nnw.fm/oWe9N).

When the Irgon Mine site was initially explored and developed more than six decades ago, it produced a resource estimate of more than a million tons of lithium grading 1.51 percent Li2O, although that estimate needs to be upgraded to be in compliance with modern NI 43-101 regulatory standards. In the process of proving up the historical assessment to modern standards, the company has identified another target that includes a significantly sized “lithium soil anomaly” more than 3,600 feet long and up to 1,150 feet wide on the southern part of the property, which has stoked QMC’s enthusiasm.

For more information, visit the company’s website at www.QMCMinerals.com

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