July 29, 2016 - Canwealth Minerals Corporation update on Shadow Mountain in Northern Quebec
Canwealth Minerals Corporation update on Shadow Mountain in Northern Quebec.
Montreal, July 29, 2016– Canwealth Minerals Corporation announced updated information regarding the Rare Earth Elements located at Shadow Mountain.
"Although the gold and other mineral findings are in themselves enough to warrant further detailed sampling at Shadow Mountain, what could turn out to be a pleasant surprise is the Lithium and Thorium that has been found in the initial surface core samples.
Most of us recognize the growing importance and expanding presence of Lithium Ion in batteries (Tesla, Boeing, etc.), but what is less know is the potential for Thorium to supplement or perhaps displace Li as an energy source in the future. Not only is Thorium being considered as a potential nuclear fuel (see example from Thorium Power Canada Inc. http://www.thoriumpowercanada.com/), but Thorium Plasma Batteries (ThPB) have approximately three times the volumetric density of Lithium-ion batteries (source: HJ&A Newsletter Issue #36, 2014Q4 (updated 2016Q2)) which would give electric cars such as the Tesla Model 3 the potential to go way beyond the approximately 350 km range of today with Lithium Ion batteries.
We believe the immediate market pull of Lithium and potentially to come with Thorium, provides for a short term and long term revenue stream that provides for a solid foundation for this project."
Garth McIntosh, President
SOURCE: Canwealth Minerals Corporation
CONTACT: Garth McIntosh, President & CEO
Legal Notice Regarding Forward-Looking Statements:
Safe Harbour: This press release contains forward-looking information within the meaning of section 27A of the Securities Act of 1933 and section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbour created by those sections. This material contains statements about expected future events and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements by definition involve risks, uncertainties and other factors, which may cause the actual results, performance or achievements of Canwealth Minerals, to be materially different from the statements made herein.