British Columbia-based company Quantum Minerals (OTC: QMCQF) (TSX.V: QMC) (FSE: 3LQ) engages in the acquisition, exploration and development of resource properties with a focus on lithium extraction. The increasing demand for lithium from battery makers, which is forecasted to surge over the coming years, could significantly benefit the company. A recent article discussing the company reads, “Demand for lithium stemming from lithium-ion battery manufacturers increased by 46 percent in 2017 and is anticipated to nearly double to 83 percent by 2027 (http://ibn.fm/WJN3d). A Roskill market outlook report says that ‘beyond 2021, the research firm expects lithium prices to rise above 2018 levels again as continued demand growth’ will contribute to the depletion of the currently available resources. Prices in 2019 are expected to briefly fall back from 2018 levels, mainly due to oversupply, with a bottom floor of $11,000 per ton of battery-grade lithium carbonate, but they are forecast to bounce back and surpass the rates reported last year. Lithium hydroxide prices have stayed steady at $15,000–$18,000 per ton.”
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About QMC Quantum Minerals Corp.
QMC is a British Columbia-based company engaged in the business of acquisition, exploration and development of resource properties. Its objective is to locate and develop economic precious, base, rare metal and resource properties of merit. The company’s properties include the Irgon Lithium Mine project and two VMS properties, the Rocky Lake and Rocky-Namew, known collectively as the Namew Lake District Project. Currently, all of the company’s properties are located in Manitoba. For more information, visit the company’s website at www.QMCMinerals.com.
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