Lithium News from the Land of the Rising Sun


"This will be the first time Honda has procured batteries from Toshiba."

On Tuesday, Honda Motor Co. announced its first attempt at mass marketing zero-emission motorbikes, an all-electric scooter, with the ultimate objective to compete with rivals in the massive Chinese market, given the demand for electric bikes currently estimated at 17 million units. The EV-neo will be similar in size to a 50cc scooter and initially will be targeted for commercial users in Japan.

Japanese electronics maker Toshiba Corp. is set to supply lithium-ion batteries for the electric motorcycles. This will be the first time Honda has procured batteries from Toshiba. The scooter's lithium-ion batteries can be recharged to about 80% of capacity in 20 minutes using a rapid charger, or fully charged with a normal socket in four hours and the vehicle can travel with a range of more than 30 km on a full charge. With the price point yet to be announced, lease sales are scheduled to begin in December in Japan.

Mining News

Last Friday, Salares Lithium Inc. (TSX.V:LIT) reported additional exploration activities underway at its Salares 7 project in Chile. The company has now staked additional concessions to cover an extra 21.3 square kilometers of ground bringing the total land to approximately 117.9 square kilometers. The property increase developments follow last month's positive results from the company's first phase transient electromagnetic survey completed on Salar de la Isla and Salar de las Parinas. The CEO, Todd Hilditch, was pleased with the announcement, "A portion of the interpreted brine-bearing horizon identified as probable and possible brines by Geodatos encompasses areas beyond the salar boundaries and as such the additional ground staked ensures that we can drill test / sample those horizons from within our own concession group." Share prices for Salares began Friday's trading session at $1.05 and traded higher on the news for an 11% gain to finish today's session at $1.16.

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