Lithium

2022 - 3 - 9

Demand for lithium comes at a cost to flamingos (unknown)

Lithium is a non-renewable resource in high demand to support the transition to a low carbon economy.

“The problem is that, in the Salar de Atacama, in addition to the changes caused by climate change across the region, lithium mining is reducing water levels and increasing disturbances for flamingos,” explained Dr. Jorge Gutiérrez, an ecologist at the Universidad de Extremadura who led the study. The researchers are concerned that this may not last, as the demand for lithium mining is growing at an exponential rate. Overall, however, the flamingo population has not yet declined. When a lake’s water levels are low, food levels decrease, leaving less opportunity for breeding flamingos. The impacts of a shrinking lake directly impact breeding flamingos. Remote sensing data was also used to identify changes in water levels and food availability within each lake.

Researchers Examine the Negative Impact on Flamingo Population Due to Climate Change and Lithium Mining (unknown)

The lithium metal is powering the world's electric vehicles, making it a critical component in the fight against carbon pollution. According to a new study ...

Lithium’s global demand has increased in the past few decades due to its application in electric vehicles, mobile phones, and electronic storage devices. The research looked at the impacts of lithium mining and climate change on shallow, saltwater lakes in the Chilean Andes, where flamingos congregate for eating and mating. Meanwhile, the region is home to three flamingo lifeforms: Andean, James’ and Chilean, two of which breed nowhere else on the planet and are the backbone of the region’s tourist sector. The authors established their findings on 30 years of flamingo counts conducted by citizen scientists and Chilean government biologists all over five saline lakes. This means years with sufficient water for flamingos to breed occur less frequently and fewer flamingos are now present, even when there is enough water. Lithium is powering the world’s electric vehicles, making it a critical component in the fight against carbon pollution.

ACME Lithium closes US$3M funding deal with Lithium Royalty and Waratah Capital (unknown)

The company said it will use the proceeds of the private placement for exploration at its Cat-Euclid and Shatford Lake lithium projects in...

Each whole warrant entitles the holder to purchase one additional common share for two years at a price of C$1.22. The company said it will use the proceeds of the private placement for exploration at its Cat-Euclid and Shatford Lake lithium projects in Manitoba and its Clayton Valley and Fish Lake Valley projects in Nevada, as well as general working capital purposes The company said it will use the proceeds of the private placement for exploration at its Cat-Euclid and Shatford Lake lithium projects in Manitoba and its Clayton Valley and Fish Lake Valley projects in Nevada, as well as general working capital purposes

ACME Lithium Inc. Closes US$3 Million Funding with Lithium Royalty Corp. and Waratah Capital Advisors Ltd. (unknown)

Waratah Capital Advisors Ltd. Electrification and Decarbonization AIE LP ("E&D") subscribing for 2,705,958 units for proceeds of C$2,543,600. Lithium Royalty ...

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Image courtesy of "Business Wire"

Flux Power to Participate & Unveil Two New Lithium-Ion Battery ... (Business Wire)

Flux Power to Participate & Unveil Two New Lithium-Ion Battery Packs at MODEX 2022 on March 28-31, 2022.

Flux Power (NASDAQ: FLUX) designs, manufactures, and sells advanced lithium-ion energy storage solutions for a range of industrial and commercial sectors including material handling, airport ground support equipment (GSE), and stationary energy storage. Flux Power’s lithium-ion battery packs, including the proprietary battery management system (BMS) and telemetry, provide customers with a better performing, lower cost of ownership, and more environmentally friendly alternative, in many instances, to traditional lead acid and propane-based solutions. Undue reliance should not be placed on the forward-looking statements and Investors should refer to the risk factors outlined in our Form 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov/edgar. These forward-looking statements are made as of the date of this news release, and Flux Power assumes no obligation to update these statements or the reasons why actual results could differ from those projected. Forward-looking statements involve several estimates, assumptions, risks, and other uncertainties that may cause actual results to be materially different from those anticipated, believed, estimated, expected, etc. Actual results could differ from those projected due to numerous factors and uncertainties. MODEX is one of the largest manufacturing and supply chain events for the year.

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