World News: 16:15 GMT Thursday 22nd August 2019. [ELEMENT GLOBAL, INC. via Globe Newswire via SPi World News]
LOS ANGELES, Aug. 22, 2019 (GLOBE NEWSWIRE) -- Element Global Mining Enterprises, a wholly-owned subsidiary of Element Global Inc. (ELGL: OTCMARKETS), announces the focus of the Company and its overall strategic direction.
Increasing demand for lithium-ion batteries, driven predominantly by electric vehicles and energy storage systems, coupled with the introduction of “Mineral Security Legislation” in the US, creates an opportunity to launch a specialist battery materials provider into the fragmented and generally under-capitalized North American market. Element Global Mining (“EGM”) intends to capitalize on these developments by focusing its business on “electric metals,” initially copper and manganese, before expanding into other battery minerals, and on creating a US domestic supply chain.
In addition to the copper assets owned by , “EGM” continues forward with the final stage of transacting on many other high-quality, US-domiciled projects. Firmly within the Company’s strategic plan, the market can expect announcements on these transactions in coming weeks, along with a world-class technical team being assembled to grow and advance the Company’s portfolio of “electric metals”.
For further information about this release, you can contact Investor Relations at YES INTERNATIONAL, 757-306-6090, , and .
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: Certain information contained in this release contains forward-looking statements that involve risk and uncertainties, including but not limited to, those relating to development and expansion activities, domestic and global conditions, and market competition.
Contact: Rich KaiserYES INTERNATIONAL757-306-6090
Globe Newswire: 16:15 GMT Thursday 22nd August 2019
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