(TheNewswire)
Vancouver, British Columbia – TheNewswire - June 13 , 202 2 – Gold Lion Resources Inc. (“ Gold Lion ” or the“ Company ”) ( CSE:GL) (CNSX:GL.CN) (OTC:GLIOF) (FWB:2BC) is pleased to announce that it is establishing a specialcommittee (the “ SpecialCommittee ”) to investigate next-generationbattery recycling technologies, with the objective of complementingits ongoing exploration activities. Gold Lion holds a diverse portfolioof property claims located across British Columbia, Saskatchewan andIdaho, USA and is actively involved in theexploration of precious and battery metals.
Through the formation of the Special Committee, GoldLion is encouraged to commence due diligence regarding batteryrecycling technologies which promote a sustainable circular economicvalue for the global battery/electronics supply chain for criticalmaterials such as gold, silver, cobalt, copper, lithium, nickel,manganese and zinc.
The global automotive battery recycling market ispredicted to grow immensely by 2028 due to the high demand forlithium-ion batteries in electric vehicles across the world. Thehydrometallurgical process sub-segment is expected to be highlylucrative due to its wide adoption for automotive battery recycling.$19,222.3 Million market and growth at 8.1% CAGR in the 2022-2028Timeframe 1 .
There is an expected 12 million tons of spentlithium?ion batteries available for recycling per year by 2030, butwith the inefficient recycling methods used today, the value from thematerials in these batteries will be lost in a black slag, pollute theenvironment, and will not be cycled back into the manufacturing of newlithium?ion batteries. In contrast, using optimal closed-looprecycling processes will allow Gold Lion Resources to recover tonnesof cobalt, copper, lithium, nickel, manganese and zinc with lowenvironmental risk and minimal capital outlay 2 .
Guy Bourgeois, GoldLion’s CEO commented, “Gold Lion is pursuing a clear strategy toramp up battery supply chains while conserving resources via itsongoing exploration activities and now through its Special Committee.Sustainable battery recycling is a key factor in this worldwide energyrevolution. With new recycling technology and methodology, we areincreasing the recycling rate while expanding our expertise in batteryvalue creation and wealth creation for our investors.”
About Gold Lion Resources Inc.
Gold Lion Resources Inc. is a mineral explorationcompany actively involved in the exploration of its precious metalfocused portfolio including Black Lake, Cuteye and Fairview Propertieslocated in British Columbia, Saskatchewan andIdaho, USA . For more information please visit: https://goldlionresources.com/ .
ON BEHALF OF THE BOARD OF DIRECTORS
Guy Bourgeois, CEO
T: 902.225.8881
info@goldlionresources.com
The CSE and Information ServiceProvider have not reviewed and does not accept responsibility for theaccuracy or adequacy of this release.
Forward-Looking Statements
This news release contains “forward-lookinginformation” within the meaning of applicable Canadian securitieslegislation. Often, but not always, forward-looking information andinformation can be identified by the use of words such as “plans”,“expects” or “does not expect”, “is expected”,“estimates”, “intends”, “anticipates” or “does notanticipate”, or “believes”, or variations of such words andphrases or state that certain actions, events or results “may”,“could”, “would”, “might” or “will” be taken, occur orbe achieved. Actual future results may differ materially. Inparticular, this release contains forward-looking information relatingto the Company's expected benefits from the creation of a SpecialCommittee to investigate next-generation battery recyclingtechnologies and opportunities which will arise from the results oftheir due diligence. The forward-looking information reflectsmanagement's current expectations based on information currentlyavailable and are subject to a number of risks and uncertainties thatmay cause outcomes to differ materially from those discussed in theforward-looking information. Such risk factors may include, amongothers, but are not limited to: general economic conditions in Canadaand globally; industry conditions, including governmental regulationand environmental regulation; the availability of capital onacceptable terms; the need to obtain required approvals fromregulatory authorities; stock market volatility; competition for,among other things, skilled personnel and supplies; incorrectassessments of the value of acquisitions; geological, technical,processing and transportation problems; changes in tax laws andincentive programs; failure to realize the anticipated benefits ofacquisitions and dispositions; and the other factors. Although theCompany believes that the assumptions and factors used in preparingthe forward-looking information are reasonable, undue reliance shouldnot be placed on such information and no assurance can be given thatsuch events will occur in the disclosed time frames or at all. Factorsthat could cause actual results or events to differ materially fromcurrent expectations include: (i) adverse market conditions; and (ii)other factors beyond the control of the Company. New risk factorsemerge from time to time, and it is impossible for the Company’smanagement to predict all risk factors, nor can the Company assess theimpact of all factors on Company’s business or the extent to whichany factor, or combination of factors, may cause actual results todiffer from those contained in any forward-looking information. Theforward-looking information included in this news release are made asof the date of this news release and the Company expressly disclaimsany intention or obligation to update or revise any forward-lookinginformation whether as a result of new information, future events orotherwise, except as required by applicable law. Additionalinformation identifying risks and uncertainties that could affectfinancial results is contained in the Company’s filings withCanadian securities regulators, which are available at www.sedar.com.
1 Source. Research Dive,Global Newswire March 29, 2022
2 Source. The Guardian XiaoZhi Lim August 20, 2021
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