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Electric Vehicles Enter a New Frontier With Delivery Trucks


News provided by

USA News Group

22 Mar, 2018, 13:00 GMT

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LOS ANGELES, March 22, 2018 /PRNewswire/ --

FN Media Group Presents USA News Group News Commentary 

It appears that one of the last frontiers for the EV revolution is getting a boost as UPS opens its fleet to plug-in vehicles in 2018.

This news comes as demand for lithium supplies are already forecasting a shortfall as early as the end of this year.

Lithium companies are bracing for the push from global increases in demand including NRG Metals Inc. (TSX-V: NGZ) (OTC: NRGMF), Pilbara Minerals Ltd (OTC: PILBF), Neo Lithium Corporation (TSX-V: NLC) (OTCQX: NTTHF), and Galaxy Resources (OTC: GALXF).

The electric vehicle revolution seems to kick into higher gear every day as more and more transport services adopt EVs. With Tesla having already made a foothold in the family sedan car category, new categories like mass freight and delivery services now look ripe for the taking.

No one could be more concerned about where all the lithium to power this increased demand will come from than the EV industry.

Newly developing sources for lithium like NRG Metals Inc. (TSXV: NGZ) (OTCMKTS: NRGMF) offer a potential supply. That junior miner is developing a potentially large lithium brine project in South America's well known lithium triangle.

The trend for lithium demand also has advanced lithium miners working overtime in order to bring on greater supplies of the valuable metal including Pilbara Minerals Ltd (OTC: PILBF), Neo Lithium Corporation (TSXV: NLC) (OTCQX: NTTHF), and Galaxy Resources (OTC: GALXF).

The lithium-focused producers are all experiencing heightened activity and wild price hikes in lithium.

UPS READY TO ADOPT EVs STATESIDE 

In late 2018, UPS will introduce a fleet of 50 plug-in delivery trucks in the US with the expectation of an even larger fleet in 2019.

UPS already has a sizeable fleet of electric vehicles in service across the US and Europe, but the new fleet comes at a much lower cost that is almost similar to diesel-fueled trucks. As such, the company is able to scale up its electric fleet much faster without the need for subsidies.

UPS is working with transport company Workhorse Group to design and build the trucks from scratch.

The trucks are reportedly able to perform at four times the efficiency of combustion engine trucks while emitting lower noise and zero pollutants.

With delivery services expected to grow steadily due to online shopping, UPS's stance to turn to electric trucks is crucial in the fight against greenhouse gas emissions.

Carlton Rose, the president of global fleet maintenance and engineering at UPS sees the improving battery charging and mileage as a crucial factor in the success of the company's fleet. Rose described UPS's new trucks a "quantum leap forward" for the company's delivery fleet.

The new trucks have a range of about 100 miles on a full charge, which makes them for service in dense city areas. A number of cities including Los Angeles, Dallas and Atlanta have been selected as test zones for the trucks.

UPS currently has around 35,000 combustion-engine trucks in its fleet. While replacing that volume with fully electric trucks will be a tall order, advancements in battery technology will continue to make it progressively easier to move in that direction.

Longer range trucks will enable unrolling in rural areas and for long distance parcel delivery, making the electric fleet more suitable for the company.

JUNIORS SEE THE WRITING ON THE WALL 

This unique climate has created a significant opportunity for all lithium companies.

A likely scenario that will become increasingly popular over the next few years is direct investment into junior lithium exploration companies. One of the early movers in that category is NRG Metals - A Canadian company committed to creating lithium resources.

NRG Metals, a start-up focused on the development of lithium brine assets in Argentina, has already attracted a Chinese battery material producer through closing on a $1.4 million private placement to fund ongoing exploration activities in Argentina and the potential, as an Off-Take producer, for future lithium products extracted.

The company has two projects, with the most significant project being the "Hombre Muerto North Project" or HMNP. HMNP is located in the Salta and Catamarca provinces and comprises a total property package of over 3,000 hectares encompassing six concessions.

The company has reported good surface sample collections, magnesium to lithium ratios, and is located across from Galaxy Resources' Sal de Vida lithium development project.

Most importantly, the project is within 20km of FMC Corporation's well established Fenix lithium brine project.

With an offtake agreement of this kind, it's possible that NRG Metals will sell lithium before it's even mined or at least provide a great asset value to the company.

ADOPTION OF EV FLEETS ANOTHER DRIVER 

As electric vehicle technology reaches into new frontiers, the demand for batteries will most certainly grow exponentially and with it, the demand for lithium, the most vital battery metal at present.

Demand for the metal has been on a continual upward trend in the last few years and its price has equally soared. Current installed lithium production capacity is unlikely to sustain demand growth for many more years to come and it will be up to mining companies, especially juniors to explore and bring new reserves into production.

Normally with mined commodities, investors tend to wait for prices to soar to attractive levels before risking their capital in expensive mining infrastructure. These mining operations also take considerably long to set up, hence it is expected that demand will outstrip supply growth for some time.

The environment is ripe for reward. The price of lithium ore is set for massive spikes, which is an attractive prospect for investors looking to find the upside in lithium.

POTENTIAL COMPARABLES 

Pilbara Minerals Ltd (OTC: PILBF)

Pilbara Minerals is an emerging lithium and tantalum producer focused on the development of its world-class 100% owned Pilgangoora Lithium-Tantalum Project, located approximately 120kms from Port Hedland in the Pilbara region of Western Australia. Pilgangoora has been confirmed as one of the largest spodumene (lithium pyroxene) and tantalite projects in the world and is set to be developed into one of the world's largest lithium mines, also producing tantalite as a valuable by-product.

Neo Lithium Corporation (TSXV: NLC) (OTCQX: NTTHF)

Neo Lithium Corp. engages in the exploration and development of resource properties. The company explores for lithium deposits. It holds interests in the 3Q Project comprising 10 mining claims covering approximately 35,000 hectares located in Tinogasta area, Catamarca province, Argentina. The company has filed a Technical Report with Positive PEA Results on its 3Q Project Showing a Capital Cost reduction of US$98.5M. The company was incorporated in 2016 and is based in Toronto, Canada.

Galaxy Resources (OTC: GALXF)

Galaxy Resources Limited is a lithium-focused resources company, with assets spanning Australia, Canada and Argentina. Galaxy is currently advancing plans to develop the Sal de Vida Lithium and Potash Brine Project ("Sal de Vida") in Argentina, which is situated in the Lithium Triangle, a region where Chile, Argentina and Bolivia meet. Sal de Vida is a proven high quality resource has excellent promise as a future low cost production facility. Galaxy also owns the Mt Cattlin Spodumene Mine near Ravensthorpe in Western Australia and the James Bay Lithium Pegmatite Project in Quebec, Canada.

For a more in-depth look into NGZ you can view the in-depth report at USA News Group: http://usanewsgroup.com/2018/03/12/analysts-predict-lithium-sector-is-growing-faster-than-any-other-sector-in-the-past-decade/

Article Source: 

USA News Group
http://usanewsgroup.com
info@usanewsgroup.com 


Legal Disclaimer/Disclosure This piece is an advertorial and has been paid for. This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. No information in this Report should be construed as individualized investment advice. A licensed financial advisor should be consulted prior to making any investment decision. We make no guarantee, representation or warranty and accept no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of USA News Group only and are subject to change without notice. USA News Group assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, we assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information, provided within this Report.

DISCLAIMER: 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.

FNM 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 FNM undertakes no obligation to update such statements.

Media Contact Information:
FN Media Group, LLC
e-mail: editor@financialnewsmedia.com
U.S. Phone: +1(954)345-0611

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