The lithium market, often referred to as 'white gold,' presents a formidable opportunity. As a key driver in the global energy transition, lithium has seen its demand skyrocket. The market is estimated to surge from
"Lithium is the linchpin of the green energy revolution, and its demand is set to increase exponentially," commented
In the coming years, batteries are expected to account for 95% of lithium demand, with automotive manufacturers setting ambitious electric vehicle targets. Electric vehicles (EVs), which require six times the mineral inputs of conventional cars, will significantly impact lithium-ion battery demand.
"We're committed to positioning CGRA at the forefront of this global shift," stated
The company's investment in
As part of its strategic plan, CGRA will commence a comprehensive series of geological surveys to identify prospective mining sites within the project area. "With the global demand for lithium set to outstrip supply by 2025, we are confident that our strategic investments will yield significant returns for our shareholders,” concluded Link.
The timing of this acquisition coincides with the recent landmark visit of US Vice President
"US Vice President Harris's visit to
The launch of this lithium-focused acquisition marks a pivotal moment in CGRA’s growth trajectory. The company is now perfectly positioned to seize upon the booming global demand for lithium. "With the global demand for lithium set to outstrip supply by 2025, we are confident that our strategic investments will yield significant returns for our shareholders,” concluded Link.
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Source: CGRA
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Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
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