Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil Hydroworld Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023 By: FinancialNewsMedia March 21, 2023 at 09:00 AM EDT FN Media Group Presents USA News Group News Commentary Vancouver, BC – March 20, 2023 – USA News Group – Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK:BYDDY) (OTCPK:BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV:LTH) (OTCQB:LTHCF), Atlas Lithium Corporation (NASDAQ:ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF). Within the Minas Gerais state of Brazil, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF) recently announced it has optioned 38,441 hectares (~95k acres) comprised of a combination of the Sugar Loaf Project and Little Dipper Project. Perhaps most notable of the two is the Sugar Loaf Project, which comprises 13 exploration permits and is located just 15km from both the Groto do Cirilo Project of Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML), and the Itinga Project of Lithium Ionic Corp. (TSXV:LTH) (OTC:LTHCF). Now Brazil has so far been recognized as one of the world’s major high-grade lithium producers, with a prominent example coming from LG Energy Solutions recently securin a 6-year offtake agreement with Sigma’s Brazilian subsidiary. LG is a battery supplier to multiple EV companies, including Tesla Inc (NASDAQ:TSLA). Within Brazil’s mining-friendly Minas Gerais State, Sigma’s properties are located in the municipalities of Araçuaí and Itinga, approximately 450 kilometres northeast of the state capital of Belo Horizonte. Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines. Infinity Stone has already indicated that the company intends to conduct a satellite imagery-based spectral analysis to determine areas of interest for targeted exploration, followed by mobilizing an exploration team immediately to the Projects to conduct initial groundwork, including grab and channel sampling, trenching, and mapping. There will be a focus on identifying pegmatites across the claim blocks that have the potential for lithium-cesium-tantalum (LCT) mineralization. Recently Lithium Ionic also delivered high-grade results of 1.69% Li2O over 9.6m, 1.27% Li2O over 10m, and 1.61% Li2O over 4.7m at its Bandeira property, also located in Minas Gerais. Bandeira is located approximately 500 metres South of Companhia Brasileira de Lítio’s (CBL) Cachoeira mine, which has been producing lithium since 1993, and approximately 700 metres North of Sigma Lithium’s Barreiro lithium deposit, forming part of the largest hard rock lithium deposit in the Americas. “Results from Bandeira continue to impress us, with latest intercepts returning some of the strongest grades and thicknesses encountered to date at this target,” said Blake Hylands, CEO of Lithium Ionic. “We have now identified an over 1km mineralized trend with at least six different spodumene-bearing pegmatite bodies which remain open in all directions. We continue to aggressively drill Bandeira as we work towards delivering our maiden mineral resource estimate in the coming months.” Lithium Ionic followed up the results by announcing an option to acquire another 3,140 hectares in the same state. Meanwhile, Sigma Lithium moved forward in the commissioning of its dense medium separation processing plant, gaining more traction towards becoming a lithium producer. The soon-to-be-producer also filed a NI 43-101 technical report for production expansion supporting the previously announced 60% increase in mineral reserves and US15.3 billion NPV—representing a 3X valuation compared to what the company was saying the project was worth back in May 2022. The company also wrapped up 2022, by securing $100 million in a debt-financing deal that extends until August 2023. Getting out ahead of its own project’s development, back in January Atlas Lithium Corporation (NASDAQ:ATLX) announced it had signed a Memorandum of Understanding with multi-billion-dollar Japanese asset manager Mitsui & Co. to potentially acquire Atlas’ future lithium concentrate production. As per the deal, the MOU contemplates potential funding from Mitsui to Atlas Lithium of up to $65 million, which would give Mitsui the right to buy up to 100% of Atlas Lithium’s production from its planned plant with output capacity of 150,000 tons of lithium concentrate per year. “Our lithium assets are world-class and therefore we are enthusiastic about the prospects of a long-lasting and mutually rewarding partnership with such a well-known and global-reaching company as Mitsui,” said Marc Fogassa, Chairman and CEO of Atlas Lithium. Also in January, Atlas Lithium acquired an additional five mineral rights for lithium, bringing its 100%-owned Minas Gerais Lithium Project to approximately 75,040 acres (304 km2) in total hard-rock lithium exploration area. All of this activity is highlighting the kind of reasoning that majors such as BYD Company Limited (OTC:BYDDY) (OTC:BYDDF) are using as they contemplate opening manufacturing operations in Brazil. Back in November 2022, it was reported that BYD was considering production in Brazil, having signed a letter of intent with the government of the state of Bahia to set up three production lines in the city of Camaçari. According to a report, final details still need to be clarified, but according to the information so far, the construction of the BYD plants in Camaçari is to begin in June 2023, and that the raw material processing plant will produce lithium and iron phosphate from Brazilian sources for use in BYD’s batteries. Both the states of Minas Gerais and Bahia are adjacent to one another, with Camaçari as an industrial hub for the country. As well, the industrial city hosts an important port for exports, known as the Port of Aratu— which handles 60% of the cargo volume as well as the traffic from the petrochemical site in Camacari and mineralogical activities in the state. For more information please visit: https://lithium-news.com/playing-upon-a-lithium-super-cycle-to-hit-a-battery-metals-grand-slam/ Article Source: USA News Group http://USAnewsgroup.com info@usanewsgroup.com DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Infinity Stone Ventures Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Infinity Stone Ventures Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Infinity Stone Ventures Corp. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares of Infinity Stone Ventures Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Infinity Stone Ventures Corp.; this is a paid advertisement, we currently own shares of Infinity Stone Ventures Corp. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. This release contains “forward-loking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Media Contact Information: FN Media Group, LLC Media Contact e-mail: editor@financialnewsmedia.com U.S. Phone: +1(954)345-0611 SOURCE USA News Group The post Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023 appeared first on Financial News Media. Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023 By: FinancialNewsMedia March 21, 2023 at 09:00 AM EDT FN Media Group Presents USA News Group News Commentary Vancouver, BC – March 20, 2023 – USA News Group – Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK:BYDDY) (OTCPK:BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV:LTH) (OTCQB:LTHCF), Atlas Lithium Corporation (NASDAQ:ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF). Within the Minas Gerais state of Brazil, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF) recently announced it has optioned 38,441 hectares (~95k acres) comprised of a combination of the Sugar Loaf Project and Little Dipper Project. Perhaps most notable of the two is the Sugar Loaf Project, which comprises 13 exploration permits and is located just 15km from both the Groto do Cirilo Project of Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML), and the Itinga Project of Lithium Ionic Corp. (TSXV:LTH) (OTC:LTHCF). Now Brazil has so far been recognized as one of the world’s major high-grade lithium producers, with a prominent example coming from LG Energy Solutions recently securin a 6-year offtake agreement with Sigma’s Brazilian subsidiary. LG is a battery supplier to multiple EV companies, including Tesla Inc (NASDAQ:TSLA). Within Brazil’s mining-friendly Minas Gerais State, Sigma’s properties are located in the municipalities of Araçuaí and Itinga, approximately 450 kilometres northeast of the state capital of Belo Horizonte. Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines. Infinity Stone has already indicated that the company intends to conduct a satellite imagery-based spectral analysis to determine areas of interest for targeted exploration, followed by mobilizing an exploration team immediately to the Projects to conduct initial groundwork, including grab and channel sampling, trenching, and mapping. There will be a focus on identifying pegmatites across the claim blocks that have the potential for lithium-cesium-tantalum (LCT) mineralization. Recently Lithium Ionic also delivered high-grade results of 1.69% Li2O over 9.6m, 1.27% Li2O over 10m, and 1.61% Li2O over 4.7m at its Bandeira property, also located in Minas Gerais. Bandeira is located approximately 500 metres South of Companhia Brasileira de Lítio’s (CBL) Cachoeira mine, which has been producing lithium since 1993, and approximately 700 metres North of Sigma Lithium’s Barreiro lithium deposit, forming part of the largest hard rock lithium deposit in the Americas. “Results from Bandeira continue to impress us, with latest intercepts returning some of the strongest grades and thicknesses encountered to date at this target,” said Blake Hylands, CEO of Lithium Ionic. “We have now identified an over 1km mineralized trend with at least six different spodumene-bearing pegmatite bodies which remain open in all directions. We continue to aggressively drill Bandeira as we work towards delivering our maiden mineral resource estimate in the coming months.” Lithium Ionic followed up the results by announcing an option to acquire another 3,140 hectares in the same state. Meanwhile, Sigma Lithium moved forward in the commissioning of its dense medium separation processing plant, gaining more traction towards becoming a lithium producer. The soon-to-be-producer also filed a NI 43-101 technical report for production expansion supporting the previously announced 60% increase in mineral reserves and US15.3 billion NPV—representing a 3X valuation compared to what the company was saying the project was worth back in May 2022. The company also wrapped up 2022, by securing $100 million in a debt-financing deal that extends until August 2023. Getting out ahead of its own project’s development, back in January Atlas Lithium Corporation (NASDAQ:ATLX) announced it had signed a Memorandum of Understanding with multi-billion-dollar Japanese asset manager Mitsui & Co. to potentially acquire Atlas’ future lithium concentrate production. As per the deal, the MOU contemplates potential funding from Mitsui to Atlas Lithium of up to $65 million, which would give Mitsui the right to buy up to 100% of Atlas Lithium’s production from its planned plant with output capacity of 150,000 tons of lithium concentrate per year. “Our lithium assets are world-class and therefore we are enthusiastic about the prospects of a long-lasting and mutually rewarding partnership with such a well-known and global-reaching company as Mitsui,” said Marc Fogassa, Chairman and CEO of Atlas Lithium. Also in January, Atlas Lithium acquired an additional five mineral rights for lithium, bringing its 100%-owned Minas Gerais Lithium Project to approximately 75,040 acres (304 km2) in total hard-rock lithium exploration area. All of this activity is highlighting the kind of reasoning that majors such as BYD Company Limited (OTC:BYDDY) (OTC:BYDDF) are using as they contemplate opening manufacturing operations in Brazil. Back in November 2022, it was reported that BYD was considering production in Brazil, having signed a letter of intent with the government of the state of Bahia to set up three production lines in the city of Camaçari. According to a report, final details still need to be clarified, but according to the information so far, the construction of the BYD plants in Camaçari is to begin in June 2023, and that the raw material processing plant will produce lithium and iron phosphate from Brazilian sources for use in BYD’s batteries. Both the states of Minas Gerais and Bahia are adjacent to one another, with Camaçari as an industrial hub for the country. As well, the industrial city hosts an important port for exports, known as the Port of Aratu— which handles 60% of the cargo volume as well as the traffic from the petrochemical site in Camacari and mineralogical activities in the state. For more information please visit: https://lithium-news.com/playing-upon-a-lithium-super-cycle-to-hit-a-battery-metals-grand-slam/ Article Source: USA News Group http://USAnewsgroup.com info@usanewsgroup.com DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Infinity Stone Ventures Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Infinity Stone Ventures Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Infinity Stone Ventures Corp. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares of Infinity Stone Ventures Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Infinity Stone Ventures Corp.; this is a paid advertisement, we currently own shares of Infinity Stone Ventures Corp. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM was not compensated by any public company mentioned herein to disseminate this press release. This release contains “forward-loking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Media Contact Information: FN Media Group, LLC Media Contact e-mail: editor@financialnewsmedia.com U.S. Phone: +1(954)345-0611 SOURCE USA News Group The post Brazil Set to Join the Lithium Producer Ranks with Multiple Projects Underway in 2023 appeared first on Financial News Media.
FN Media Group Presents USA News Group News Commentary Vancouver, BC – March 20, 2023 – USA News Group – Back in late Summer 2022, it was still too early to say whether Brazil had the potential to be a global player in the lithium industry. However, as a new Brazilian mine is set to produce lithium in 2023, the world is taking notice. German Chancellor Olaf Scholz recently returned from a trip to South America, visiting Argentina, Chile, and Brazil, with an intent to expand collaboration on green energy. Securing battery and EV metals from Brazil is clearly a priority for many larger interests, including Warren-Buffett-backed Chinese EV giant BYD Company Limited (OTCPK:BYDDY) (OTCPK:BYDDF) even considering production in Brazil. Now research analysts at Benchmark Minerals are predicting that Brazil is set to more than double its share of global lithium mining this decade, as Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML) ramps up towards production in April 2023. Joining Sigma in the Brazil lithium scene are other developers such as Lithium Ionic Corp. (TSXV:LTH) (OTCQB:LTHCF), Atlas Lithium Corporation (NASDAQ:ATLX), and the latest entrant to the region, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF). Within the Minas Gerais state of Brazil, Infinity Stone Ventures Corp. (CSE:GEMS) (OTCQB:GEMSF) recently announced it has optioned 38,441 hectares (~95k acres) comprised of a combination of the Sugar Loaf Project and Little Dipper Project. Perhaps most notable of the two is the Sugar Loaf Project, which comprises 13 exploration permits and is located just 15km from both the Groto do Cirilo Project of Sigma Lithium Corporation (NASDAQ:SGML) (TSXV:SGML), and the Itinga Project of Lithium Ionic Corp. (TSXV:LTH) (OTC:LTHCF). Now Brazil has so far been recognized as one of the world’s major high-grade lithium producers, with a prominent example coming from LG Energy Solutions recently securin a 6-year offtake agreement with Sigma’s Brazilian subsidiary. LG is a battery supplier to multiple EV companies, including Tesla Inc (NASDAQ:TSLA). Within Brazil’s mining-friendly Minas Gerais State, Sigma’s properties are located in the municipalities of Araçuaí and Itinga, approximately 450 kilometres northeast of the state capital of Belo Horizonte. Sigma holds 27 mineral rights in four properties spread over 191 square kilometres (19,100 hectares), which include nine past-producing lithium mines. Infinity Stone has already indicated that the company intends to conduct a satellite imagery-based spectral analysis to determine areas of interest for targeted exploration, followed by mobilizing an exploration team immediately to the Projects to conduct initial groundwork, including grab and channel sampling, trenching, and mapping. There will be a focus on identifying pegmatites across the claim blocks that have the potential for lithium-cesium-tantalum (LCT) mineralization. Recently Lithium Ionic also delivered high-grade results of 1.69% Li2O over 9.6m, 1.27% Li2O over 10m, and 1.61% Li2O over 4.7m at its Bandeira property, also located in Minas Gerais. Bandeira is located approximately 500 metres South of Companhia Brasileira de Lítio’s (CBL) Cachoeira mine, which has been producing lithium since 1993, and approximately 700 metres North of Sigma Lithium’s Barreiro lithium deposit, forming part of the largest hard rock lithium deposit in the Americas. “Results from Bandeira continue to impress us, with latest intercepts returning some of the strongest grades and thicknesses encountered to date at this target,” said Blake Hylands, CEO of Lithium Ionic. “We have now identified an over 1km mineralized trend with at least six different spodumene-bearing pegmatite bodies which remain open in all directions. We continue to aggressively drill Bandeira as we work towards delivering our maiden mineral resource estimate in the coming months.” Lithium Ionic followed up the results by announcing an option to acquire another 3,140 hectares in the same state. Meanwhile, Sigma Lithium moved forward in the commissioning of its dense medium separation processing plant, gaining more traction towards becoming a lithium producer. The soon-to-be-producer also filed a NI 43-101 technical report for production expansion supporting the previously announced 60% increase in mineral reserves and US15.3 billion NPV—representing a 3X valuation compared to what the company was saying the project was worth back in May 2022. The company also wrapped up 2022, by securing $100 million in a debt-financing deal that extends until August 2023. Getting out ahead of its own project’s development, back in January Atlas Lithium Corporation (NASDAQ:ATLX) announced it had signed a Memorandum of Understanding with multi-billion-dollar Japanese asset manager Mitsui & Co. to potentially acquire Atlas’ future lithium concentrate production. As per the deal, the MOU contemplates potential funding from Mitsui to Atlas Lithium of up to $65 million, which would give Mitsui the right to buy up to 100% of Atlas Lithium’s production from its planned plant with output capacity of 150,000 tons of lithium concentrate per year. “Our lithium assets are world-class and therefore we are enthusiastic about the prospects of a long-lasting and mutually rewarding partnership with such a well-known and global-reaching company as Mitsui,” said Marc Fogassa, Chairman and CEO of Atlas Lithium. Also in January, Atlas Lithium acquired an additional five mineral rights for lithium, bringing its 100%-owned Minas Gerais Lithium Project to approximately 75,040 acres (304 km2) in total hard-rock lithium exploration area. All of this activity is highlighting the kind of reasoning that majors such as BYD Company Limited (OTC:BYDDY) (OTC:BYDDF) are using as they contemplate opening manufacturing operations in Brazil. Back in November 2022, it was reported that BYD was considering production in Brazil, having signed a letter of intent with the government of the state of Bahia to set up three production lines in the city of Camaçari. According to a report, final details still need to be clarified, but according to the information so far, the construction of the BYD plants in Camaçari is to begin in June 2023, and that the raw material processing plant will produce lithium and iron phosphate from Brazilian sources for use in BYD’s batteries. Both the states of Minas Gerais and Bahia are adjacent to one another, with Camaçari as an industrial hub for the country. As well, the industrial city hosts an important port for exports, known as the Port of Aratu— which handles 60% of the cargo volume as well as the traffic from the petrochemical site in Camacari and mineralogical activities in the state. For more information please visit: https://lithium-news.com/playing-upon-a-lithium-super-cycle-to-hit-a-battery-metals-grand-slam/ Article Source: USA News Group http://USAnewsgroup.com info@usanewsgroup.com DISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USA News Group is a wholly-owned subsidiary of Market IQ Media Group, Inc. (“MIQ”). MIQ has been paid a fee for Infinity Stone Ventures Corp. advertising and digital media from the company directly. There may be 3rd parties who may have shares of Infinity Stone Ventures Corp., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Infinity Stone Ventures Corp. which were purchased in the open market, and reserve the right to buy and sell, and will buy and sell shares of Infinity Stone Ventures Corp. at any time without any further notice commencing immediately and ongoing. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Infinity Stone Ventures Corp.; this is a paid advertisement, we currently own shares of Infinity Stone Ventures Corp. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between the any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment. USA News Group is Source of all content listed above. FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with USA News Group or any company mentioned herein. The commentary, views and opinions expressed in this release by USA News Group are solely those of USA News Group and are not shared by and do not reflect in any manner the views or opinions of FNM. FNM is not liable for any investment decisions by its readers or subscribers. 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You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. 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