The Latest “Buzz on the Street” Show: Featuring Neo Lithium Corp. (TSX-V: NLC) (OTCQX: NTTHF) Operational Update

FinancialBuzz.com’s latest Buzz on the Street Show: Featuring Our Corporate News Recap on “Neo Lithium Provides Operational Update.”

Neo Lithium Corp. (TSX-V: NLC) (OTCQX: NTTHF) (FSE: NE2) is pleased to provide an operational update for its wholly-owned Tres Quebradas lithium brine project (“3Q Project”) in Catamarca Province, Argentina.

Neo Lithium Corp. has quickly become a prominent new name in lithium brine exploration by virtue of its high quality 3Q Project and experienced team. Already well capitalized, Neo Lithium is rapidly advancing its recently discovered 3Q Project – a unique high-grade lithium brine lake and salar complex in Latin America’s “Lithium Triangle”.

The world is facing a rapid transition from diesel-powered vehicles to electric vehicles (EV). Growing environmental concerns have prompted governments and automotive manufacturers to shift to EVs as a way to combat negative environmental impacts. For instance, the U.S. government offers EV owners a federal tax credit for taking the step towards helping the environment. Moreover, the European Union has implemented regulations in order to limit the amount of diesel-powered vehicles on the road and eventually plans to transition to a fully electric system. A report by the European Environment Agency (EEA) also confirmed that the emission released from EVs are approximately 17% to 30% less than the emissions from petrol and diesel vehicles. The EEA says that EVs are much better for local air quality control due to their zero exhaust emissions at street levels. In addition, EVs are more environmentally efficient because they run on battery packs like lithium-ion battery packs, which are most commonly used within EVs. Lithium-ion batteries are widely adopted because of their high energy density, ability to recharge and environmental efficiency. The growing adoption of lithium-ion batteries for EVs is now causing the lithium market to accelerate rapidly. Furthermore, lithium ion batteries are also being heavily used within the consumer electronics markets for products such as smartphones, laptops, and tablets. The battery segment of the lithium market is expected to be the largest application segment in terms of both volume and revenue. And, according to data compiled by Mordor Intelligence, the global lithium market is expected to grow at a CAGR of 9.33% during the forecast period from 2018 to 2023. 

Currently, the consumer portable electronic market accounts for the majority of the lithium market share. However, the increasing demand for EVs is causing a shift. Now, the EV market is expected to become the primary growth driver for the lithium market. Many automakers worldwide have pledged to manufacture and deploy more EVs in light of the growing environmental concerns. Some have even pledged to completely reshape their portfolios to solely EVs. Recent consumer trends in the automotive industry have shown that many EV manufacturers are already seeing increased sales. “The past year has been marked by a flurry of announcements from major auto makers about their plans for the EV market. Should these plans fructify, it represents a mouthwatering potential of 400 models and estimated global sales of 25 million by 2025,” said Sarwant Singh, Senior Partner and Head of Automotive Transportation practice as Frost & Sullivan. “Adopting a common standard for EV charging, leveraging incentives and subsidies and deepening collaboration between car manufacturers and suppliers to promote technology development and economies of scale will provide a platform on which the global EV market can build its future.”

For more information, please visit: Neo Lithium Corp.

For more corporate news on Neo Lithium Corp., check out the Buzz on the Street

About Buzz on the Street: One of FinancialBuzz.com’s latest corporate and financial news shows, covering the latest trending stock market news. Buzz on the Street looks to become a leader in corporate video news dissemination. Buzz on the Street is 100% original content, brought to you by Financial Buzz Media.

Sponsored Content Release. Click for Full Disclosure

3 Comments
  1. Viktor Figgs 3 months ago
    Reply

    some of the key raw materials behind Electric Vehicles – supply will have to grow quickly to enable the EV revolution. Investments across the battery supply chain critical for both the US and EU.
    #EV #lithium #batteries

  2. Farid Sleem 3 months ago
    Reply

    The market for coal is shrinking, we will see more investments in lithium mines

    • Greg Harmon 3 months ago
      Reply

      According to Adroit Market Research, the Lithium Iron Phosphate Battery Market may reach $24.31 Billion by 2025

Leave a Comment

  • Sponsored Content Release

    FinancialBuzz.com, a leading financial news informational web portal designed to provide the latest trends in Market News, Investing News, Personal Finance, Politics, Entertainment, in-depth broadcasts on Stock News, Market Analysis and Company Interviews. A pioneer in the financially driven digital space, video production and integration of social media, FinancialBuzz.com creates 100% unique original content. FinancialBuzz.com also provides financial news PR dissemination, branding, marketing and advertising for third parties for corporate news and original content through our unique media platform that includes Newswire Delivery, Digital Advertising, Social Media Relations, Video Production, Broadcasting, and Financial Publications.

    Please Note: FinancialBuzz.com is not a financial advisory or advisor, investment advisor or broker-dealer and do not undertake any activities that would require such registration. The information provided on http://www.FinancialBuzz.com (the ‘Site’) is either original financial news or paid advertisements provided [exclusively] by our affiliates (sponsored content), FinancialBuzz.com, a financial news media and marketing firm enters into media buys or service agreements with the companies which are the subject to the articles posted on the Site or other editorials for advertising such companies. We are not an independent news media provider and therefore do not represent or warrant that the information posted on the Site is accurate, unbiased or complete. FinancialBuzz.com receives fees for producing and presenting high quality and sophisticated content on FinancialBuzz.com along with other financial news PR media services. FinancialBuzz.com does not offer any personal opinions, recommendations or bias commentary as we purely incorporate public market information along with financial and corporate news. FinancialBuzz.com only aggregates or regurgitates financial or corporate news through our unique financial newswire and media platform. For neo lithium corp., financial and corporate news dissemination, FinancialBuzz.com has been compensated five thousand dollars by the company. Our fees may be either a flat cash sum or negotiated number of securities of the companies featured on this editorial or site, or a combination thereof. The securities are commonly paid in segments, of which a portion is received upon engagement and the balance is paid on or near the conclusion of the engagement. FinancialBuzz.com will always disclose any compensation in securities or cash payments for financial news PR advertising. FinancialBuzz.com does not undertake to update any of the information on the editorial or Site or continue to post information about any companies the information contained herein is not intended to be used as the basis for investment decisions and should not be considered as investment advice or a recommendation. The information contained herein is not an offer or solicitation to buy, hold or sell any security. FinancialBuzz.com, members and affiliates are not responsible for any gains or losses that result from the opinions expressed on this editorial or Site, company profiles, quotations or in other materials or presentations that it publishes electronically or in print. Investors accept full responsibility for any and all of their investment decisions based on their own independent research and evaluation of their own investment goals, risk tolerance, and financial condition. FinancialBuzz.com. By accessing this editorial and website and any pages thereof, you agree to be bound by the Terms of Use and Privacy Policy, as may be amended from time to time. None of the content issued by FinancialBuzz.com constitutes a recommendation for any investor to purchase, hold or sell any particular security, pursue a particular investment strategy or that any security is suitable for any investor. This publication is provided by FinancialBuzz.com. Each investor is solely responsible for determining whether a particular security or investment strategy is suitable based on their objectives, other securities holdings, financial situation needs, and tax status. You agree to consult with your investment advisor, tax and legal consultant before making any investment decisions. We make no representations as to the completeness, accuracy or timeless of the material provided. All materials are subject to change without notice. Information is obtained from sources believed to be reliable, but its accuracy and completeness are not guaranteed. For our full disclaimer, disclosure and Terms of Use, please visit: http://www.financialbuzz.com.