Mississauga, ON -- (SBWIRE) -- 04/21/2017 -- AllPennyStocks.com Media, Inc. (http://www.AllPennyStocks.com/) announces its latest article titled "Erin Ventures Solidifying Assets as Boron Demand Heats Up."
Companies mentioned in this article include Erin Ventures Inc. (TSX-Venture:EV).
For nearly a decade, analysts have been calling for increased demand for boron, a low abundance mineral with many uses, including ceramics, glass for electronics, fiberglass, agricultural products, detergents and much more. The vital trace mineral plays a key role in keeping the human body healthy, managing painful conditions like arthritis and osteoporosis, while helping the body absorb other key minerals.
The boron bulls have been right all along, with global consumption now at a tipping point to outstripping supply. Adding a sense of urgency to the situation, Rio Tinto, the biggest boron producer in the world, forecasts that the world needs another mine one-and-a-half times the size of its world class Borax Mine in Kern County, California. To put expected future demand into context, understand that Rio Tinto's mine produces about half the world's borates annually and has sufficient ore reserves to last through 2050 at the minimum.
A production shortfall and the fact that there is only a limited number of mines worldwide should continue to put upward pressure on prices, making young companies tapping into the market attractive to investors.
British Columbia-based Erin Ventures Inc. (TSX-Venture:EV) owns a world class boron asset called the Piskanja Borate Project in southern Serbia. Erin's wholly owned, high-grade boron deposit has an indicated mineral resource of 7.8 million tonnes (averaging 31% B2O3), and an inferred resource of 3.4 million tonnes (averaging 28.6% B2O3). Exploration on the property suggests a high-grade boron deposit that remains open at strike.
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Note: AllPennyStocks.com has been compensated two thousand five hundred dollars from a third-party, Frontier Consulting, Ltd. for its efforts in presenting the EV profile on its web site and distributing it to its database of subscribers as well as other services.
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