FORC Electric cars could boost the demand for lithium tremendously! The CEO of Canada Lithium Corp. has said the demand for high-grade lithium used in rechargeable batteries could soar by as much as 150% over the next six years!
A study by the Massachusetts Institute of Technology predicted 10 million electric vehicles will be sold globally by 2016. These vehicles will need lithium!
FORC is sitting on possibly more than 1.7 million tons of lithium!
FORC maintains a 100% working interest in the Zoro 1 Lithium Property in the Snow Lake area of west-central Manitoba, Canada.
The Snow Lake area is located in Central Manitoba on the Canadian Shield. Many junior mining companies have staked this area.
Last October, FORC released release a NI 43-101 Technical Report on their Zoro 1 property, in the Snow Lake area of Manitoba, Canada.
The objectives of this NI 43-101 report were to summarize the geology, review the historic ore reserves, and economic potential of the spodumene-bearing dykes delineated on the property and their surrounding geological environment.
An historic reserve estimate for Li2O has been calculated on limited drilling on a single dyke on the Zoro 1 property!
Drilling indicated Lithium mineralization on our Zoro 1 property coupled with data from trenching indicate total undiluted tonnage given as 1,727,550 tons of the Lithium bearing mineral which assays at 0.945% Lithium Dioxide!
According to the USGS, overall demand for lithium is growing at a rate of 4-5% per year! High oil prices are bad for the economy. The last two months have proven how unstable the price of oil can be. Political situations in other countries have managed to make gas prices in the United States sky rocket.
The unrest in North Africa has pushed gas to record highs in April. The Energy Department said last week that U.S. gasoline prices soared nearly 9 cents over the last week to $3.68 a gallon, the highest pump price on record for April!
In some places gas prices are up almost a dollar since a year ago. According to AAA, the price for a gallon of regular grade gasoline in the Green Bay area is up about 90 cents from a year ago. Americans consume 25 barrels of oil per head each year!
Paying higher prices for gas could be detrimental for many people who can barely afford it now.
FORC is in a vital industry as lithium is an important component in many things.
Lithium could be the next modern day gold rush as it is not only needed for electric vehicles but is a vital component in many of the things we use!
Here`s a breakdown of how lithium is used in a vast amount of industries:
Medical Industry - as an anti-depressant Electronics - for laptop batteries, cellphone batteries, digital camera batteries Industrial - glass, ceramic, and porcelain enamel manufacture Aviation - in alloys
Major users of lithium already include Honda, BMW, Nissan, Sanyo, Apple, Dodge, Mercedes Benz, Nokia, and Toyota!
For more information on FORC, visit their website at: http://www.forceenergycorp.com Always do your own research and consult with your own financial professional
Wrongturn I joined your board back on 1/24 2 days after you created it post #84 I have been on board and read every post since. I must of not made your priemer email list but I am learning a lot and holding my own. Thanks for all you time and efforts here!
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