Archive for the ‘Force Energy Corp. FORC’ Category

Force Energy Corp. (FORC) Tells a Tale of Two Resources

Monday, April 25th, 2011

Force Energy Corp. is in the middle of what is shaping up to be a major battle between two previously unrelated resources, a contest that represents a sea-shift in world energy use. The two resources, oil and lithium, have little in common, but are both pivotal in America’s, and the world’s, energy future.

On the one hand you have oil, or, more accurately, all fossil fuels. They represent a direct energy source, providing approximately 86% of all the energy consumed globally, an amount divided between oil, coal, and natural gas, with half of all oil consumption driven by the transportation sector. And yet, despite the world’s almost total dependence upon fossil fuels, supplies, especially of oil, are becoming more and more costly to identify and access. America, once the world’s leading oil producer, is now the world’s leading importer. About 80% of accessible oil reserves are found in the politically volatile Middle East. In addition, despite the growing demand for oil, oil production continues to decrease, and is expected to fall by as much as 20% over the next decade.

Moreover, the problem with oil and other fossil fuels goes beyond the cost of supply and demand. Growing concerns about greenhouse gases and other pollutants released during combustion further increase the pressure for alternatives.

Unlike fossil fuels, lithium is not an energy source. Rather it is a critical component enabling the use of clean alternative energy sources. The high energy to weight ratio and high capacity of lithium-ion batteries make them the solution of choice for the storage of electrical energy, and efficient electrical storage is the key when it comes to eco-friendly electric and hybrid automobiles, as well as for bridging production gaps in solar and wind generation. Without lithium, the green revolution would have far fewer options.

It couldn’t be better news for Force Energy Corp., 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, with technical reports suggesting a total of over 1.7 million tons of Li2O.

For more information, visit the company’s website at www.ForceEnergyCorp.com

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Force Energy Corp. (FORC) Riding the Lithium Supply/Demand Curve

Friday, April 15th, 2011

Although the demand for lithium is exploding, due to the fact that lithium-ion batteries represent the world’s current best answer for the efficient storage of electricity, it is still considered a relatively rare element. Found in various continental brines and rocks, its concentrations are so low that it is often bypassed. As a result, sites with real potential are highly valued, and most sources are outside of the North America. Chile and Argentina currently produce the most lithium, and there are significant undeveloped reserves in Bolivia. China is another developing player.

However, if you’re looking for an American listed company focused on lithium in a nearby politically and economically stable environment such as mineral rich Canada, you need to look at Force Energy Corporation, one of the only companies in the world that fit that description.

Force Energy has an option for 100% interest in a contiguous 128-acre block of mineral claims in Manitoba, Canada, and the company’s technical team has received a technical report pointing to historical reserves of over 1½ million undiluted tons of lithium, at 0.945% Li2O. It’s called the Zoro 1 Claim, located near the east shore of Wekusko Lake in the Snow Lake area of west-central Manitoba. The company has active plans for further exploration and development of the property.

With rich lithium supplies limited, especially in easily accessible and stable areas, the continually expanding demand is expected to drive prices for the foreseeable future. In addition, the fact that lithium itself is but a small part of overall battery cost means that there is a lot of room for lithium price increases. As oil becomes more costly to extract, encouraging a variety of other power sources that involve electrical storage, rising lithium prices are considered a given, especially with the move by world governments away from fossil fuels. The Obama administration, for example, has called for one million hybrid electric vehicles on American roads by 2015.

For more information, visit the company’s website at www.ForceEnergyCorp.com.

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Force Energy Corp. (FORC) to Commence Exploration Program targeting Lithium and Rare Earth Minerals

Monday, April 11th, 2011

Force Energy Corp. today announced plans to start a two-phase exploration program on the Zoro 1 property in the Snow Lake area of west-central Manitoba, Canada.

The Zoro property hosts seven rare metal spodumene-bearing pegmatite dykes, six of which have only received cursory exploration. The main mass of spodumene discovered to date is exposed in a single pegmatite dyke exposed by seven trenches. Mineralization in this dyke has not been fully delineated and a recommended exploration program will assess the potential for more spodumene zones. The geological characteristics of the remaining dykes on the property will be determined by detailed mapping and trenching followed by assay. Rare earth and precious metal contents in the pegmatite dykes will also be assessed in this program.

A historic reserve estimate for Li2O has been based on limited drilling from a single dyke on the Zoro 1 property. Drill indicated spodumene reserves coupled with data from trenching have been calculated to give a total undiluted tonnage given of 1,727,550 tons at 0.945% Li2O. These results are very encouraging to Force Energy Corp. as the company prepares for exploration on the property and potential future development.

The exploration program will consist of detailed geological mapping, trench rehabilitation, new sampling from the trenches, diamond drilling and a thorough assay/analytical approach, accompanied by a quality assurance and quality control program. The program will be led by Dr. Mark Fedikow Ph.D. P.Eng. P.Geo. C.P.G.

“We are extremely excited to begin our initial exploration program on the recently-acquired Zoro 1 property,” stated Mr. Tim DeHerrera, president of Force Energy Corp. “The results of these initial programs will drive our corporate goals as we move forward with our new business focus of exploring and developing viable lithium and rare earth element prospects. We believe this sector offers junior exploration companies like Force excellent prospects and we are eager to continue to build shareholder value by proving up our potential reserves.”

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Force Energy Corp. (FORC) Targets Canada for Lithium

Tuesday, April 5th, 2011

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 www.ForceEnergyCorp.com

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Force Energy Corp. (FORC) is “One to Watch”

Thursday, March 31st, 2011

Force Energy Corp., based in Denver, Colorado, is one of a handful of intelligent companies getting into lithium production in North America and is also a developer of hydrocarbons.

The cornerstone of the emerging hybrid and electric vehicle market, which stands to be huge globally, and much of the personal and portable technology modern civilization runs on, requires lithium for the lithium-ion (Li-ion) batteries that sustain or supply power. Other end markets like ceramics, especially industrial process ceramics and the like, as well as glass, lubricating greases and other products, make lithium an extremely hot commodity when one considers the global resource distribution and accessibilities.

Force Energy recognizes the strategic importance of domestic lithium production signified by the 2009 American Recovery and Reinvestment Act DOE allocation of $2.4B in grants to fund domestic Li-ion infrastructure development and is rapidly advancing its current project base.

The primary project currently under development is the 128-acre, Zoro 1 Lithium Property near the eastern shore of Wekusko Lake in west-central Manitoba, Canada where the Company maintains a 100% working interest (WI). The site hosts a series of seven prominent pegmatite dykes, the westerly most of which is some 6 meters high and 27 m wide, stretching for a length of 183 m. Collectively the resource represents a reserve estimate of some 1.728M undiluted tons at 0.945% Li20 (lithium oxide) based on extant and more recent drill and trenching data.

The other project under development is the Hayter Well, in which the Company maintains a 50% WI. The well was spudded back in January of 2007 and has produced well log data indicating a 4-5 meter thick gas zone and 2 meter pay zone of oil in the Dina Sand. Recent work by County Line, a 3D seismic program that cost some $650k and which was based on a geological model generated from data on the previous 16k-barrel producing well, has validated a much larger, multi-well anomaly. The nature of the large anomaly indentified in the 3D seismic program suggests that the previously tapped anomaly exists to a much larger extent on the property than previously thought.

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