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Lithium Demand Flourishes on Global EV Popularity

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Lithium Demand Flourishes on Global EV Popularity

FinancialBuzz.com News Commentary

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NEW YORK, August 28, 2018 /PRNewswire/ --

According to a research report published by Zion Market Research, the global lithium-ion battery market was valued at approximately USD 31.17 Billion in 2016. The market is expected to generate USD 67.70 Billion of revenue by the end of 2022 while growing at a CAGR of 13.7% between 2017 and 2022. These rechargeable batteries are highly popular because of their small compact size and the ability to deliver high energy density, which makes lithium-ion batteries popular in the consumer electronics sector and for electric vehicles (EVs). Currently, the consumer electronics segment, which includes products such as laptops, phones and tablets, has the largest share of the total lithium-ion battery market revenue. In the near future, the market is expected to shift to electric vehicles as demand in the automotive industry grows. Blue Eagle Lithium Inc. (OTC:BEAG), First Cobalt Corp (OTC:FTSSF), Millennial Lithium Corp. (OTC:MLNLF), NRG Metals Inc. (OTC:NRGMF), Nemaska Lithium Inc. (OTC:NMKEF)

Electric vehicles which are powered by lithium-ion batteries help eliminate diesel emissions and this has encouraged governments to push for accelerated deployment of these vehicles, as well as a push to establish new regulations. The shift towards electric vehicles is slow, yet it is causing battery components such as lithium and cobalt to skyrocket in price, as demand begins to outweigh supply. According to a report by CNBC, Simon Moores, Managing Director of Research at Benchmark Mineral Intelligence, said, "Lithium is coming of age in a big way. It's the core ingredient to 99% of electric vehicles and as a result, demand is going through the roof."

Blue Eagle Lithium Inc. (OTCQB:BEAG) yesterday announced, "the official launch of the Company's new corporate website and to introduce Blue Eagle's core leadership team of energy, lithium and exploration specialists. Blue Eagle is a lithium exploration company engaged in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. The company's initial property is located in Railroad Valley, Nevada, a highly prospective green-fields Petro-Lithium brine target area that features many similarities to the nearby Clayton Valley and which the company believes warrants an extensive exploration program. The company has a 100% Working Interest in 200 placer claims. The staked claims cover 4,000 acres (~1,619 hectares).

Website Launch - Blue Eagle is pleased to launch its new corporate website at http://www.blueeaglelithium.com . The website provides a detailed overview of the Company's structure and focus; Blue Eagle's property, Company management, an overview of the growing lithium market, relevant industry news, company news, brochure, fact sheets, all contact details, and Investor Relations area.

Leadership Team - Blue Eagle's core leadership team comprises of experienced leaders that represent many years of industry experience in the energy, financial, and geology fields. The following biographies provide overviews of key team members' experience and expertise.

Rupert Ireland: CEO, Board of Directors - Rupert Ireland brings to Blue Eagle Lithium more than 20 years of experience in the energy, financial services, and technology sectors. He has first-hand knowledge in operations and significant business relationships, including being a principal of the private equity and merchant banking alliance Gladstone Global. All are vital to the successful direction and execution of Blue Eagle's business objectives and future fund raising requirements. Prior to Blue Eagle, Rupert has been involved with an oil and gas project, building his expertise in various areas such as taking an early stage project through to a drilling program. His previous experience includes roles as Head of Trading at Carax (now Tradition), and Sales Trading at City Index, with clients including JP Morgan, Citibank and other major hedge funds. Rupert attended the University of Newcastle.

Rod Murray: Chief Operations Officer (COO) - Rod Murray has 30 years of oil industry experience, primarily in new ventures and the management of projects and operations in developing countries and the US. His projects have ranged from multi-million to billion-dollar wildcat exploration, discovery, appraisal and development scenarios. Over the course of his career in the energy sector, Rod has managed over 200 projects, working for most of the majors including BHP, BP, Shell, Amoco, Chevron and Mobil. Over the years he developed a proven track record of forging strong relationships with government officials, investors and operators. Rod spent his early career as a Consultant and Operations Geologist in Europe, Africa and the North Sea. Rod is a graduate of the Royal School of Mines, Imperial College (MSc. Petroleum Geology), and the University of Manchester (BSc. Geology).

Gavin Harrison: Director of Operations - Gavin Harrison is a well-known figure in the US lithium and "petro lithium" exploration industry, having quickly dispatched and acquired 500,000+ acres of mineral lands equating to over 25,000 mineral claims in Utah, Arizona and Nevada on behalf of clients during the lithium land rush in 2016. His reputation and hard-earned experience in the lithium industry is invaluable to Blue Eagle. Gavin's company, Harrison Land Services (HLS), has a wide range of exploration instruments and equipment for carrying out field tasks and is a well-equipped field service company.

Robert FE Jones: Board Advisor - Robert FE Jones is a seasoned geophysicist with 40 years of experience in the energy sector. Most recently, Robert has worked as an independent and is currently in NED roles for Caithness Petroleum and Tristone Energy. Robert has strong capability across all aspects of energy exploration and development, founded on technical excellence in geoscience/exploration. He has successfully delivered over 400 projects, including new ventures, exits, re-organizations, and major discoveries in South America, the Arctic, Asia, Middle East, Europe and West Africa. Robert is a Certified Petroleum Geophysicist (AAPG) and a graduate (MSc. Marine Geotechnics, BSc. Physics) of University College of North Wales.

Management Comments - "We're very fortunate to have assembled a team of this caliber," commented Blue Eagle's CEO, Rupert Ireland. "My own years of participation in the energy, financial services, and technology sectors have taught me the vital importance of first-hand experience when it comes developing early stage exploration companies. The teams collective knowledge allows us to make the correct planning decisions, which is the back bone of successful exploration. I'm looking forward to working with our initial team, we are keen to implement our exploration program and look to secure the key partnerships needed to move this company forward. Among our first steps will be to announce our plans for Blue Eagle's initial exploration program which we are finalizing now."

About Blue Eagle Lithium Inc. - Blue Eagle Lithium is a lithium exploration and development company based in Henderson, Nevada. The company is engaged in identifying, evaluating, and developing early-stage lithium exploration opportunities in North America. Blue Eagle's team comprises experienced leaders that represent over 60 years of industry experience in the energy, financial, and geology fields. Blue Eagle has a 100% Working Interest in 200 placer claims in Railroad Valley, Nevada, a highly prospective green-fields lithium brine target in the heart of the Basin and Range geologic province. The staked claims, covering 4,000 acres (~1,619 hectares) over a large portion of Railroad Valley, are ready for the next phase of lithium exploration."

First Cobalt Corp (OTCQX:FTSSF) aims to create the largest pure-play cobalt exploration and development company in the world. First Cobalt Corp. and US Cobalt Inc. ((TSX-V: USCO, OTCQB:USCFF) previously announced that US Cobalt has mailed its management information circular, relating voting materials and letters of transmittal (collectively, the "Meeting Materials") to US Cobalt's security holders in connection with the special meeting of US Cobalt's security holders to be held on May 17th, 2018. US Cobalt is focused on the acquisition and development of high-grade battery metal deposits in North America. As an exploration company with cobalt and lithium assets in both Idaho and Utah, US Cobalt is well positioned in the pipeline for potential future production of battery grade metals which are critical components to power storage solutions including lithium-ion batteries for electric vehicles and consumer electronics. At the Meeting, US Cobalt's security holders will be asked to approve the previously announced plan of arrangement transaction, announced March 14th, 2018, pursuant to which First Cobalt will acquire all of the issued and outstanding shares of US Cobalt. US Cobalt shares will be exchanged on the basis of 1.5 First Cobalt common shares for each US Cobalt common share.

Millennial Lithium Corp. (OTCQX:MLNLF) controls over 20,000 hectares of prime land in the heart of the famed "Lithium triangle." Millennial Lithium Corp. recently announced that there has been significant progress on its flagship Pastos Grandes Project in Salta, Argentina. Millennial has initiated numerous studies in support of its ongoing basic engineering and Feasibility Study recently initiated by WorleyParsons Chile. Farhad Abasov, Millennial President and Chief Executive Officer, commented "We are very pleased with the progress at our Pastos Grandes Project. WorleyParsons is advancing the Pastos Grandes Feasibility Study which remains on schedule for completion in Q1 2019. Technical studies in support of the Feasibility Study, including exploration drilling, pumping well tests and geophysics are well underway on the REMSA license that comprises part of the Pastos Grandes Project. The pilot pond earthworks have been completed and lining will begin shortly followed by filling the ponds with brine from our pumping well PGPW18-4. The pilot plant design is advancing and construction of the 3 ton-per-month lithium carbonate plant is expected to begin in Q4 2018."

NRG Metals Inc. (OTCQB:NRGMF) is an exploration stage company focused on the advancement of lithium brine projects in Argentina. NRG Metals Inc. recently reported additional assays from the second diamond drill hole at the Hombre Muerto North lithium project. The samples were taken from depths ranging from 91.0 to 230.5 m below surface, and these assays range from 779 to 507 mg/L lithium with low Mg to Li ratios ranging from 2.3 to 3.0. The average for the entire hole is 638 mg/L Lithium with a Mg to Li ratio of 2.65 to 1.0. The assay results for the additional samples are shown in the following table. Jose de Castro, Chief Operating Officer of NRG Metals Inc., commented, "We are extremely enthusiastic about the diamond drilling results, as well as the results from the pumping well. These results demonstrate the presence of high-grade lithium-bearing brine across the breadth of our Tramo property. We look forward to completing the second pumping well and to fast-tracking the project to production."

Nemaska Lithium Inc. (OTCQX:NMKEF) is a developing chemical company whose activities will be vertically integrated, from spodumene mining to the commercialization of high-purity lithium hydroxide and lithium carbonate. Nemaska Lithium Inc. and Northvolt AB recently announced the signature of an agreement providing for the supply of battery-grade lithium hydroxide by the Corporation to Northvolt. "We are very pleased to have moved this agreement in principle to a firm contract. Northvolt is not the only one to share our vision of a green energy future powered by lithium-ion batteries. Our ongoing discussions with buyers reflect a very tight market for high purity lithium hydroxide and lithium carbonate. We continue to field inbound calls looking for supply of battery grade lithium hydroxide and carbonate. However, with approximately 90% of its future annual production capacity already committed, Nemaska Lithium is currently more focused on properly executing the construction and upcoming commissioning of its project to satisfy its existing clients," said Guy Bourassa, President & Chief Executive Officer of Nemaska Lithium.

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