News Feed Item

Magnesium-ion Technology Poised Take on Lithium for Safer, Cheaper Batteries

PALM BEACH, Florida, February 14, 2018 /PRNewswire/ --

MarketNewsUpdates.com News Commentary 

Junior Miners are taking note - A team of scientists at the Joint Center for Energy Storage Research have recently discovered a fast magnesium-ion solid-state conductor that will go a long way towards making non-flammable batteries with more capacity. Researchers are settling on magnesium scandium selenide spinel, which has an ion mobility comparable to electrolytes found in lithium ion batteries. Currently, lithium-ion technology dominates; however, the safety and long-term supply of lithium remains a serious concern. Magnesium is more abundant than lithium and also has a higher melting point than other materials. Apart from being much safer for consumer applications, magnesium-ion technology is appealing fundamentally because each magnesium ion gives up two electrons per ion - twice the charge, whereas each lithium ion gives up only one. Active in the mining industry today includes: Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (Frankfurt: M1N), Glencore Plc (OTC: GLNCY) (LSE: GLEN), Newmont Mining Corporation (NYSE: NEM), First Quantum Minerals Ltd. (OTC: FQVLF) (TSX: FM), Katanga Mining Limited (OTC: KATFF) (TSX: KAT).

Maxtech Ventures Inc. (CSE: MVT) (OTC: MTEHF) (Frankfurt: M1N), is pleased to announce that it has signed a strategic cooperation agreement with Kiuso Corporation of Toronto, Canada and Kabwe, Zambia. Maxtech and Kiuso Corporation have entered into a strategic cooperation agreement to form the foundation for business development opportunities enabling the joint exploration, evaluation, development and potential acquisition for manganese and other battery metals such as vanadium, in Zambia. The agreement provides a framework for the opportunity for Kiuso to be able to access projects currently under exploration by Kiuso or under negotiation that it may normally not be able to because of this strategic agreement. The term of the agreement is 5 years.  

Zambia is a lucrative jurisdiction for copper and high grade manganese occurrences in pockets throughout the country. In addition to the metallic vanadates of lead, copper, and zinc, which occur in Namibia (southwest Africa) and Zambia, there are also large resources of vanadium-bearing ore in these jurisdictions. Finding vanadium when assaying manganese in Zambia is quite common and taking it into solution as a by-product may be a possibility as Maxtech explores for battery metals in the country."  Read this and more news for Maxtech at: http://www.marketnewsupdates.com/news/mvt.html

Peter Wilson, CEO of Maxtech said, "This new strategic alliance in Zambia provides a unique opportunity for Maxtech to expand its established high grade manganese claims into other battery metals. The Company has begun research and preliminary due diligence on potential areas of interest with GeoQuest for acquisition in Zambia. With the addition of the Kiuso team on the ground, Maxtech wil be able to evaluate opportunities quickly. "

In other mining developments in the markets: 

Glencore Plc (OTC: GLNCY) (LSE: GLEN.L) will be announcing its Preliminary Results 2017 on Wednesday, 21 February 2018. The Preliminary Results 2017 announcement will be screened by the Regulatory News Service of the London Stock Exchange and will be available on our website at 7.00 am UK. Webcast - A live webcast starting at 8.00 am UK will be accessible at: https://edge.media-server.com/m6/p/vkw6s4h3 - Dial in - Participants to dial in 15 minutes prior to the start time using the number / Conference ID listed here: http://www.glencore.com/media/news/p/preliminary-results-2017-presentation-on-wednesday-21-february-2018.

Newmont Mining Corporation (NYSE: NEM) was recently recognized for top performance in the mining sector in The Sustainability Yearbook 2018. The Yearbook is published by RobecoSAM, a sustainability investment firm that manages one of the most comprehensive databases of financially material sustainability information in the world. RobecoSAM's assessment is used to determine the composition of the Dow Jones Sustainability World Index (DJSI World), which ranked Newmont as the mining industry's overall leader in 2015, 2016 and 2017. "We're honored to be recognized as a mining industry leader in sustainability by RobecoSAM," said Gary Goldberg, President and Chief Executive Officer. "Mining is a long-term business and our ability to create value - which we've done for nearly a century and plan to do far into the future - rests on our ability to operate responsibly. That means protecting the health and safety of our people, minimizing our impact on the environment throughout the mine life cycle, and sharing the wealth our business generates fairly with investors, employees, host communities and governments."

First Quantum Minerals Ltd. (OTC: FQVLF) (TSX: FM.TO) recently announced that its Board of Directors has approved the expansion of Cobre Panama's throughput capacity, by 15%, to 85 million tonnes per annum ("mtpa") and upgrades to certain areas to accommodate a further increase to 100 mtpa after year 2022. The Board has also approved additional initiatives aimed at achieving a smooth and efficient commissioning and ramp-up phase. Altogether, Cobre Panama's total development capital is now estimated at $6.3 billion with an improved capital intensity of $18,000 per tonne of annual copper produced, assuming an annual production rate of 350,000 tonnes of copper in concentrate.

Katanga Mining Limited (OTC: KATFF) (TSX: KAT.TO) recently released its ore reserve and mineral resource estimates as at Dec. 31, 2017. Over all, the measured and indicated mineral resource for Kamoto Copper Company SA (KCC) (in which the company has a 75-per-cent interest) increased by 7.7 million tonnes since Dec. 31, 2016, consisting of the following: Changes in the indicated mineral resource are related to the addition of 7.8 million tonnes in the Kamoto interim tailings dam (KITD), as a result of the 2017 drilling program. Changes in the indicated mineral resource for the KOV open pit, KOV underground and KTE are related to a decrease of 100,000 tonnes due to mining depletion during 2017.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination 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. MNU's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed MNU has been compensated forty nine hundred dollars for news coverage of the current press release issued by Maxtech Ventures Inc. by a non-affiliated third party. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking 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 MNU undertakes no obligation to update such statements.

Media Contact:
email: [email protected]

SOURCE Marketnewsupdates.com

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, provided an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settle...
Blockchain. A day doesn’t seem to go by without seeing articles and discussions about the technology. According to PwC executive Seamus Cushley, approximately $1.4B has been invested in blockchain just last year. In Gartner’s recent hype cycle for emerging technologies, blockchain is approaching the peak. It is considered by Gartner as one of the ‘Key platform-enabling technologies to track.’ While there is a lot of ‘hype vs reality’ discussions going on, there is no arguing that blockchain is b...
"As we've gone out into the public cloud we've seen that over time we may have lost a few things - we've lost control, we've given up cost to a certain extent, and then security, flexibility," explained Steve Conner, VP of Sales at Cloudistics,in this SYS-CON.tv interview at 20th Cloud Expo, held June 6-8, 2017, at the Javits Center in New York City, NY.
Blockchain is a shared, secure record of exchange that establishes trust, accountability and transparency across business networks. Supported by the Linux Foundation's open source, open-standards based Hyperledger Project, Blockchain has the potential to improve regulatory compliance, reduce cost as well as advance trade. Are you curious about how Blockchain is built for business? In her session at 21st Cloud Expo, René Bostic, Technical VP of the IBM Cloud Unit in North America, discussed the b...
The use of containers by developers -- and now increasingly IT operators -- has grown from infatuation to deep and abiding love. But as with any long-term affair, the honeymoon soon leads to needing to live well together ... and maybe even getting some relationship help along the way. And so it goes with container orchestration and automation solutions, which are rapidly emerging as the means to maintain the bliss between rapid container adoption and broad container use among multiple cloud host...
In his session at 21st Cloud Expo, Michael Burley, a Senior Business Development Executive in IT Services at NetApp, described how NetApp designed a three-year program of work to migrate 25PB of a major telco's enterprise data to a new STaaS platform, and then secured a long-term contract to manage and operate the platform. This significant program blended the best of NetApp’s solutions and services capabilities to enable this telco’s successful adoption of private cloud storage and launching ...
You know you need the cloud, but you’re hesitant to simply dump everything at Amazon since you know that not all workloads are suitable for cloud. You know that you want the kind of ease of use and scalability that you get with public cloud, but your applications are architected in a way that makes the public cloud a non-starter. You’re looking at private cloud solutions based on hyperconverged infrastructure, but you’re concerned with the limits inherent in those technologies.
Imagine if you will, a retail floor so densely packed with sensors that they can pick up the movements of insects scurrying across a store aisle. Or a component of a piece of factory equipment so well-instrumented that its digital twin provides resolution down to the micrometer.
"Since we launched LinuxONE we learned a lot from our customers. More than anything what they responded to were some very unique security capabilities that we have," explained Mark Figley, Director of LinuxONE Offerings at IBM, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Is advanced scheduling in Kubernetes achievable?Yes, however, how do you properly accommodate every real-life scenario that a Kubernetes user might encounter? How do you leverage advanced scheduling techniques to shape and describe each scenario in easy-to-use rules and configurations? In his session at @DevOpsSummit at 21st Cloud Expo, Oleg Chunikhin, CTO at Kublr, answered these questions and demonstrated techniques for implementing advanced scheduling. For example, using spot instances and co...
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, whic...
Sanjeev Sharma Joins June 5-7, 2018 @DevOpsSummit at @Cloud Expo New York Faculty. Sanjeev Sharma is an internationally known DevOps and Cloud Transformation thought leader, technology executive, and author. Sanjeev's industry experience includes tenures as CTO, Technical Sales leader, and Cloud Architect leader. As an IBM Distinguished Engineer, Sanjeev is recognized at the highest levels of IBM's core of technical leaders.
The need for greater agility and scalability necessitated the digital transformation in the form of following equation: monolithic to microservices to serverless architecture (FaaS). To keep up with the cut-throat competition, the organisations need to update their technology stack to make software development their differentiating factor. Thus microservices architecture emerged as a potential method to provide development teams with greater flexibility and other advantages, such as the abili...
Product connectivity goes hand and hand these days with increased use of personal data. New IoT devices are becoming more personalized than ever before. In his session at 22nd Cloud Expo | DXWorld Expo, Nicolas Fierro, CEO of MIMIR Blockchain Solutions, will discuss how in order to protect your data and privacy, IoT applications need to embrace Blockchain technology for a new level of product security never before seen - or needed.