Force Energy Corp. (FORC) Targets Canada for Lithium
Seeking Alpha Analyst Since 2008
It’s difficult to talk about the mobile storage of electrical energy without talking about lithium. Rechargeable lithium-ion batteries store more energy for their weight and size than other rechargeable batteries, plus they operate at higher voltages, reducing the need for multiple cells. In addition, when not in use, they hold their charge longer. With such advantages, and expected cost reductions, it is anticipated by many that lithium-ion batteries will be the energy source of choice for all portable devices in the future.
But today the global interest in lithium centers on powering the next generation of automotive vehicles. With hybrid and now all-electric vehicles gradually becoming more common on world roads, encouraged by government initiatives, the race for efficient electrical storage is heating up. Fully half of all oil usage goes to transportation, primarily cars and trucks, and so an efficient electric alternative could open up an unimaginably big market. It’s no surprise that the Nissan Leaf, the first all-electric car from a major auto company, comes equipped with a lithium-ion battery.
The growing demand for lithium has increased mining activity in many different parts of the world, but Force Energy Corp. is one of the only American listed junior companies engaged in profiting from lithium in the mineral rich Canadian Shield. The company has acquired an option for a 100% interest in a contiguous block of mineral claims in Manitoba, Canada.
Known as the Zoro 1 Claim, it covers roughly 128 acres, in an area heavily staked by numerous junior mining companies. It is close to both the Canadian and U.S. automotive production centers, and, although the region is also known for gold, diamonds, and various rare earth minerals, the focus is on lithium. Force Energy’s technical team has received a NI 43-101F1 technical report, with reported historic reserves of 1,727,550 total undiluted tonnage of lithium, at 0.945% Li2O.
For more information, visit the company’s website at ForceEnergyCorp.com
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