#REE #Stock News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Signs Mineral Exploration Agreement with McLeod Lake Indian Band; @defensemetals

 

#REE #Stock News- Defense Metals (TSX-V: $DEFN.V) (OTCQB: $DFMTF) Signs Mineral Exploration Agreement with McLeod Lake Indian Band; @defensemetals

 

Vancouver, British Columbia – September 7, 2022: Investorideas.com Newswire, Mining/Metals/ Green Energy Stock news-  Defense Metals Corp. (“Defense Metals” or the “Company”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is very pleased to announce it has entered into a Mineral Exploration Agreement (the “Agreement”) with the McLeod Lake Indian Band regarding its Wicheeda Rare Earth Element (“REE”) exploration project located 80 kilometres northeast of Prince George, Canada.

 

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2022/mining/09072DEFN-McLeod-Lake-Indian-Band.asp

 

The Agreement addresses the immediate interests of the parties with respect to mineral exploration activities related to the project, and puts into place a framework for communication and cooperation going forward. In addition to providing McLeod Lake Indian Band with meaningful input into how these activities are to proceed, the Agreement provides current economic opportunities for the community and establishes a roadmap for potential future commercial involvement as the exploration activities advance.

 

“We are delighted to have the McLeod Lake Indian Band engaged with Defense Metals and the opportunities presented by the Wicheeda exploration project,” said Craig Taylor, CEO of Defense. “We look forward to building a long-term and mutually beneficial relationship with the McLeod Lake Indian Band through the implementation of this initial agreement.”

“McLeod Lake Indian Band has always been open to working with companies that respect our rights, laws and interests in the protection of our lands, and that provide meaningful economic and commercial opportunities for our community,” said Chief Harley Chingee. "We are therefore pleased to have completed this initial agreement with Defense Metals, and look forward to its successful implementation." 

 

About McLeod Lake Indian Band

McLeod Lake Indian Band is part of the Tse’khene group of Aboriginal peoples. The main community of McLeod Lake Indian Band is located near the unincorporated village of McLeod Lake, approximately 150 kilometers north of Prince George.

 

About Defense Metals Corp.

Defense Metals Corp. is a mineral exploration and development company focused on the acquisition, exploration and development of mineral deposits containing metals and elements commonly used in the electric power market, defense industry, national security sector and in the production of green energy technologies, such as, rare earths magnets used in wind turbines and in permanent magnet motors for electric vehicles. Defense Metals owns 100% of the Wicheeda Rare Earth Element property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada on the TSX Venture Exchange under the symbol “DEFN”, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

 

For further information, please contact:

Todd Hanas, Bluesky Corporate Communications Ltd.

Vice President, Investor Relations

Tel: (778) 994 8072

Email: todd@blueskycorp.ca

 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

 

Cautionary Statement Regarding “Forward-Looking” Information

This news release contains “forward-looking information or statements” within the meaning of applicable securities laws, which may include, without limitation, statements relating to advancing the Wicheeda REE Project, the Company’s plans for its Wicheeda REE Project, the expected outcomes and benefits of the Agreement with the MLIB, the technical, financial and business prospects of the Company, its project and other matters. All statements in this news release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the Company will operate in the future, including the price of rare earth elements, the anticipated costs and expenditures, the ability to achieve its goals, that general business and economic conditions will not change in a material adverse manner, that financing will be available if and when needed and on reasonable terms. Such forward-looking information reflects the Company’s views with respect to future events and is subject to risks, uncertainties and assumptions, including the risks and uncertainties relating to the interpretation of exploration results, risks related to the inherent uncertainty of exploration and cost estimates, the potential for unexpected costs and expenses and those other risks filed under the Company’s profile on SEDAR at www.sedar.com. While such estimates and assumptions are considered reasonable by the management of the Company, they are inherently subject to significant business, economic, competitive and regulatory uncertainties and risks. Factors that could cause actual results to differ materially from those in forward looking statements include, but are not limited to, continued availability of capital and financing and general economic, market or business conditions, adverse weather and climate conditions, failure to maintain or obtain all necessary government permits, approvals and authorizations, failure to maintain community acceptance (including First Nations), risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of personnel, materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters), risks relating to inaccurate geological and engineering assumptions, decrease in the price of rare earth elements, the impact of Covid-19 or other viruses and diseases on the Company’s ability to operate, an inability to predict and counteract the effects of COVID-19 on the business of the Company, including but not limited to, the effects of COVID-19 on the price of commodities, capital market conditions, restriction on labour and international travel and supply chains, loss of key employees, consultants, or directors, increase in costs, delayed drilling results, litigation, and failure of counterparties to perform their contractual obligations. The Company does not undertake to update forward-looking statements or forward-looking information, except as required by law.

 

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Breaking #GoldStock News - Calibre (TSX: $CXB.TO) (OTCQX: $CXBMF) Continues to Expand the High-Grade #Gold Discovery Along Strike at Panteon North within The Limon Complex; @CalibreMiningCo

Breaking #GoldStock News - Calibre (TSX: $CXB.TO) (OTCQX: $CXBMF) Continues to Expand the High-Grade #Gold Discovery Along Strike at Panteon North within The Limon Complex; @CalibreMiningCo

 

High-Grade Drilling Intersects 52.59 g/t Gold over 3.8 metres and 26.02 g/t Gold Over 8.1 Metres

 

Vancouver, B.C. – September 7, 2022:  (Investorideas.com Newswire) Calibre Mining Corp. (TSX: CXB) (OTCQX: CXBMF) (the "Company" or "Calibre") is pleased to report additional high-grade drill results from its Panteon North zone within the Limon Mine Complex, part of the Company’s 85,000 metre resource expansion and discovery drilling program.  High-grade mineralization now extends across a strike length of nearly 400 metres with consistent, plus 15 gram per tonne drill intercepts over broad, minable widths. Given a recent VTEM survey click here for details, which has identified two, parallel five km potential mineralized corridors, the strong correlation to the high/low resistivity contact demonstrated in the recent drilling and historical mining zones Calibre has four rigs testing along strike and down plunge expansion potential.

 

Read this news, featuring CXB in full at https://www.investorideas.com/news/2022/mining/09071TSX-CXB.asp

 

Additional High Grade Drill Result Highlights from Panteon North

·        52.59 g/t Au over 3.8 metres Estimated True Width (“ETW”), including 94.70 g/t Au over 1.1 metres; and 10.28 g/t Au over 2.1 metres ETW, including 16.50 g/t Au over 1.7 metres in Hole LIM-22-4662;

·        43.09 g/t Au over 3.3 metres ETW, including 155.10 g/t Au over 0.9 metres in Hole LIM-22-4647;

·        35.18 g/t Au over 2.8 metres ETW, including 58.00 g/t Au over 1.5 metres in Hole LIM-22-4653;

·        26.02 g/t Au over 8.1 metres ETW, including 41.30 g/t Au over 4.6 metres in Hole LIM-22-4665;  

·        18.49 g/t Au over 1.1 metres ETW, including 49.30 g/t Au over 0.4 metres in Hole LIM-22-4654;

·        13.14 g/t Au over 3.1 metres ETW, including 49.10 g/t Au over 0.4 metres in Hole LIM-22-4651.

 

Tom Gallo, Senior Vice President, Growth at Calibre, stated: “This is a paradigm shifting discovery for us with consistent high-grade mineralization demonstrated over considerable strike length coupled with VTEM giving strong indications there is potential to expand and discover additional zones. Drilling is underway to extend this mineralized zone to depth with visual indicators having shown positive signs. Given the grade, we expect a substantial, positive impact made to our mineral resource statement.”

 

Darren Hall, President and Chief Executive Officer of Calibre, stated: “The discovery of bonanza grade at Panteon North was first announced (May 16, 2022 see news release here)(then June 27, 2022 see news) and we have subsequently expanded the zone. Drilling continues to intercept consistent, extremely high-grade gold mineralization across approximately 400 metres of strike. The deepest results to date are situated only 250 metres from surface with new drill intercepts pending assays as deep as 450 metres from surface. These drill results, in combination with the successful VTEM campaign, reinforce our grade driven production growth as the high-grade Panteon North discovery is not included in our recent multi-year production outlook (see news release dated June 22, 2022).”

 

Additional high-grade results announced since discovery in May of this year include;

·        66.03 g/t Au over 5.6 metres Estimated True Width (“ETW”), including 167.27 g/t Au over 2.3 metres and 14.95 g/t Au over 1.9 metres ETW in Hole LIM-22-4630;

·        30.33 g/t Au over 5.0 metres ETW, including 40.62 g/t Au over 3.8 metres in Hole LIM-22-4628;

·        22.55 g/t Au over 4.9 metres ETW, including 68.51 g/t Au over 1.7 metres in Hole LIM-22-4632;

·        17.58 g/t Au over 2.4 metres ETW, including 28.67 g/t Au over 1.9 metres in Hole LIM-22-4627;

·        17.80 g/t Au over 7.3 metres ("ETW"), including 6.69 g/t Au over 1.9 metres, 26.37 g/t Au over 2.8 metres and 16.84 g/t over 3.2 metres in Hole LIM-22-4619;

·        4.66 g/t Au over 1.7 metres ETW, including 8.20 g/t Au over 0.8 metres in Hole LIM-22-4637

·        9.72 g/t Au over 3.9 metres ETW, including 27.80 g/t Au over 1.4 metres in Hole LIM-22-4616;

·        8.84 g/t Au over 1.1 metres ETW, including 20.30 g/t over 0.6 metres in Hole LIM-22-4620;

·        12.75 g/t Au over 2.4 metres ETW, including 33.70 g/t Au over 1.0 metres in Hole LIM-22-4622; and

·        9.38 g/t Au over 2.7 metres, including 34.50 g/t Au over 0.6 metres in Hole LIM-22-4625.

 

For full drill results see details in the June 27, 2022 news release here and May 16, 2022 news release here.

 

The Panton North discovery is located approximately one kilometre northwest of the high-grade producing Panteon underground mine and approximately three kilometres from the Limon mill site. Panteon North is a new discovery with no resource and reserve classified, the zone remains open down plunge and open to the northwest and potentially beyond to the northeast as outlined along the VTEM resistivity contact which extends for another three kilometres.

 

Link 1 – Figures

Link 2 – Drilling Tables

 

Quality Assurance/Quality Control

Calibre maintains a Quality Assurance/Quality Control ("QA/QC") program for all its exploration projects using industry best practices. Key elements of the QA/QC program include verifiable chain of custody for samples, regular insertion of certified reference standards and blanks, and duplicate check assays. Drill core is halved and shipped in sealed bags to Bureau Veritas in Managua, Nicaragua, an independent analytical services provider with global certifications for Quality Management Systems ISO 9001:2008, Environmental Management: ISO14001 and Safety Management OH SAS 18001 and AS4801. Prior to analysis, samples are prepared at Veritas' Managua facility and then shipped to its analytical facility in Vancouver, Canada. Gold analyses are routinely performed via fire assay/AA finish methods. For greater precision of high-grade material, samples assaying 10 g/t Au or higher are re-assayed by fire assay with gravimetric finish. Analyses for silver and other elements of interest are performed via Induction Coupled Plasma (ICP)

 

Estimated True Widths for reported vein intercepts are based on 3D models of the individual veins. Estimates are determined in cross-section by measuring the modelled vein thickness perpendicular to the vein margins and through the midpoint of the drill hole intercept. Percentage based differences between individual ETW’s and down-hole interval lengths will vary between drill holes depending on drill hole inclination, variations in vein strike and dip, and overall geometries of the different vein systems.

Qualified Person

The scientific and technical information contained in this news release was approved by David Schonfeldt P.GEO, Calibre Mining’s Corporate Chief Geologist and a "Qualified Person" under National Instrument 43-101.

 

ON BEHALF OF THE BOARD

"Darren Hall"

Darren Hall, President and Chief Executive Officer

 

For further information, please contact:

Ryan King
Senior Vice President, Corporate Development & IR
T: (604) 628-1012
E: calibre@calibremining.com

W: www.calibremining.com

 

About Calibre Mining Corp.

Calibre Mining is a Canadian-listed, Americas focused, growing mid-tier gold producer with a strong pipeline of development and exploration opportunities across Nevada and Washington in the USA, and Nicaragua. Calibre is focused on delivering sustainable value for shareholders, local communities and all stakeholders through responsible operations and a disciplined approach to growth. With a strong balance sheet, no debt, a proven management team, strong operating cash flow, accretive development projects and district-scale exploration opportunities Calibre will unlock significant value.

 

Cautionary Note Regarding Forward Looking Information

This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian securities legislation. All statements in this news release that address events or developments that we expect to occur in the future are forward-looking statements. Forward-looking statements are statements that are not historical facts and are identified by words such as "expect", "plan", "anticipate", "project", "target", "potential", "schedule", "forecast", "budget", "estimate", "intend" or "believe" and similar expressions or their negative connotations, or that events or conditions "will", "would", "may", "could", "should" or "might" occur. Forward-looking statements in this news release include, but are not limited to: the 'Company's expectations toward higher grades mined and processed going forward; statements relating to the 'Company's 2022 priority resource expansion opportunities; the 'Company's metal price and cut-off grade assumptions; the 'Company's plans for the Pan Mine for 2022, including production and exploration and its contribution to production growth. Forward-looking statements necessarily involve assumptions, risks and uncertainties, certain of which are beyond Calibre's control. For a listing of risk factors applicable to the Company, please refer to Calibre's annual information form ("AIF") for the year ended December 31, 2021, and its management discussion and analysis ("MD&A") for the year ended December 31, 2021, all available on the 'Company's SEDAR profile at www.sedar.com. This list is not exhaustive of the factors that may affect Calibre's forward-looking statements.

 

Calibre's forward-looking statements are based on the applicable assumptions and factors management considers reasonable as of the date hereof, based on the information available to management at such time. Such assumptions include but are not limited to: the Company being able to mine and process higher grades and keep production costs relatively flat going forward; there not being an increase in production costs as a result of any supply chain issues or ongoing COVID-19 restrictions; there being no adverse drop in metal price or cut-off grade at the 'Company's Nevada properties. Calibre does not assume any obligation to update forward-looking statements if circumstances or management's beliefs, expectations or opinions should change other than as required by applicable securities laws. There can be no assurance that forward-looking statements will prove to be accurate, and actual results, performance or achievements could differ materially from those expressed in, or implied by, these forward-looking statements. Accordingly, undue reliance should not be placed on forward-looking statements. 

 

Paid News -Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. Disclosure : this news release featuring. Calibre Mining Corp is a paid for service  on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Learn more about publishing your news release and our other news services on the Investorideas.com newswire https://www.investorideas.com/News-Upload/ and tickertagstocknews.com

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#Lithium #Stocks Rise to Meet Global #EV Demand (CSE: $GEMS.C) (OTC: $TLOOF) (TSXV: $PMET.V) (TSXV: $ABR.V) (OTC: $CXOXF) (NASDAQ: $TSLA) (TSXV: $RCK.V) (OTC: $MGBAF) @GEMS_ISV @Patriot_Battery @CorpArbor @CoreLithium @tesla @RockTechLithium @MercedesBenz

#Lithium #Stocks Rise to Meet Global #EV Demand (CSE: $GEMS.C) (OTC: $TLOOF) (TSXV: $PMET.V) (TSXV: $ABR.V) (OTC: $CXOXF) (NASDAQ: $TSLA) (TSXV: $RCK.V) (OTC: $MGBAF) @GEMS_ISV @Patriot_Battery @CorpArbor @CoreLithium @tesla @RockTechLithium @MercedesBenz  

 

Vancouver, Kelowna, Delta, BC  – September 6, 2022 - Investorideas.com, a leading investor news resource covering lithium mining and EV stocks releases a special report on the continued demand for lithium, featuring Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:TLOOF). Infinity Stone's mission is to be a diversified, single source supplier for the critical energy metals being used in the clean energy revolution.

 

Read this in full at https://www.investorideas.com/news/2022/mining/09061Lithium-Stocks-EV.asp

 

As more countries push forward with their green energy initiatives, the EV sector is driving growth for new lithium mining developments.

 

In recent news, “The global lithium-ion battery market is expected to grow by a factor of five to 10 in the next decade. Reaching aggressive targets for electric vehicles (EVs) and battery-based energy storage system production relies on materials such as lithium and rare earth metals. However, material shortages could stall the manufacturing of some clean energy technologies, which is concerning from a climate perspective.”

 

Lithium is a critical material in manufacturing the batteries used in EVs and energy storage systems. However, from September 2021 to March 2022, the price of the element increased by more than 400 percent, though it has recently leveled off. Nevertheless, skyrocketing material costs will result in higher prices for consumers.

 

Joe Lowry of Global Lithium doesn’t expect future lithium supplies to keep up with demand. “In the next two years, even though there will be significant growth in supply, it will be less than demand, so the gap will just continue to grow,” he explained in a recent interview with Bloomberg.

 

So how are companies looking to address this supply shortage right now?

 

Infinity Stone Ventures Corp. (CSE:GEMS) (OTC:TLOOF) recently announced that it  has entered into an option agreement to acquire, from an arm’s length party, a 100% interest in and to the Taiga Lithium Project adjacent to Patriot Battery Metals (TSXV:PMET) Corvette Lithium discovery in the James Bay Region of Quebec.  Patriot Battery Metals has made several recent announcements with regard to their project,  including their announcement on August 10, 2022 identifying "a total of thirty-one (31) spodumene-bearing pegmatite outcrops identified, including twenty (20) outcrops with estimated  >5% modal spodumene content”.

 

The 923-hectare Taiga Lithium Project is located 3.4 kilometres west of Infinity Stone’s Camaro Property, directly adjacent to Patriot Battery Metals Inc.’s Corvette Property, in the James Bay Region of Quebec, approximately 235 kilometres east of Radisson, Quebec and 245 kilometres northeast of the Cree village municipality of Nemaska. The northern edge of the Project is located approximately 15 kilometres south of the Trans-Taiga road and transmission line. The region has been historically explored for its rich gold, copper, silver, base metal and PGE deposits. 

 

“Infinity Stone is excited to further increase our position in the rapidly expanding James Bay Lithium District. Our team is hopeful that the identified LCT pegmatite trend in the corridor presents a number of occurrences trending northeast to southwest,” said Michael Townsend, Executive Chairman of Infinity Stone. “The Taiga Lithium Project is strategically positioned with  existing mapped pegmatites that present significant discovery potential given recent developments from other operators in the region,” further stated Mr. Townsend. “It is evident from regional mapping that there is a high potential there are additional pegmatites present on the Project,” concluded Mr. Townsend.

 

The addition of the Taiga Lithium Project to Infinity Stone’s existing land position in the area, being the Camaro Project, brings the Company’s total land position in the area to 1,282 hectares.

 

Patriot has been conducting grassroots exploration on the gold, copper, silver, molybdenum and PGE showings across its FCI and Corvette properties for several years. In 2017, Patriot discovered the CV Lithium Trend.

 

During the 1950s, lithium gained importance as a component of nuclear bombs and pharmaceuticals, and the area around Kings Mountain, near Charlotte, saw a major boom in mining. For about 30 years, the region supplied almost all the lithium in the world. Then in the 1980s, production moved to lower-cost operations overseas. Today, less than 1 percent of global lithium is mined in the United States, all from one mine in Nevada; the vast majority comes from Chile, Australia, and China.

 

Last summer, President Joe Biden signed an executive order calling for electric vehicles, which depend on lithium-based batteries, to make up 50 percent of all new vehicle sales by 2030. The Inflation Reduction Act, recently signed into law, aims to incentivize a domestic battery supply chain, providing tax breaks for mines and credits for electric cars and grid storage applications when a percentage of the battery is produced or recycled in the US.

 

Last year, Arbor Metals Corp. (TSXV:ABR) announced that, through its wholly-owned subsidiary Arbor Metals USA Corp., that it had secured 100% ownership of the Miller’s Crossing Lithium Project, Big Smoky Valley Nevada USA. The Miller’s Crossing project consists of 192 claims covering 3,800 acres in the Big Smoky Valley. The Project fits well into the playa-type brine deposit model as it is located adjacent to, and shares geological similarities with Clayton Valley, home to the only lithium producing brine operation in North America.

 

Not only have we witnessed an uptake in interest in lithium mining in the US but also in countries like Australia where, in recent news, Core Lithium Ltd (OTC:CXOXF) has come to a mutual agreement with electric car giant Telsa Inc. (NASDAQ:TSLA)  to extend the termination date for its binding offtake term sheet to October 26, 2022.

 

The agreement gives Tesla and Core the opportunity to finalise negotiations for the definitive full form binding offtake agreement, which would see Core supply Tesla with up to 110,000 dry metric tonnes of lithium spodumene concentrate produced at Core's Finnis Lithium Project near Darwin. This offtake is expected to start in 2023.

 

In the last four weeks, Core has presented plenty of news for investors to think about, including the start of a reverse circulation (RC) drilling campaign of more than 40,000 metres of greenfields and brownfields target areas at Finnis and the appointment of resources sector veteran Gareth Manderson as CEO of the Company.

 

Core is building Finnis, described as Australia's newest and most advanced lithium project on the ASX, in the Northern Territory. Finnis has been awarded Major Project Status by the Australian Federal Government and is one of the most capital-efficient lithium projects with arguably the best logistics chain to markets of any Australian lithium project. The Finnis Project is expected to provide the globe with high-grade and high-quality lithium suitable for lithium batteries used to power electric vehicles and renewable energy storage.

 

We are also seeing similar developments in Canada with Rock Tech Lithium Inc (TSXV: RCK) (OTCQX: RCKTF) and Mercedes-Benz AG (OTC:MGBAF) having recently announced that they are about to enter into an agreement which provides for a strategic partnership to produce high-quality lithium hydroxide for the automaker and its battery suppliers. Under the intended binding agreement, Rock Tech has agreed to deliver up to 10,000 tonnes per year of its planned production to the premium manufacturer and its partners starting in 2026.

 

Mercedes-Benz wants to become fully electric by the end of the decade. From 2025 onwards the luxury carmaker plans that all newly launched vehicle architectures will be all electric. To help make this a reality, Mercedes-Benz intends to enter a strategic partnership with Rock Tech, lasting for at least five years and an option to prolong.

 

From 2026 onwards, it is envisaged that Rock Tech contributes up to 10,000 tonnes of lithium hydroxide annually to Mercedes-Benz and its battery partners, starting with a qualification period and after quality and sustainability benchmarks have been met. This battery-grade lithium product is an essential component of high-performance vehicle batteries. The Canadian-German Rock Tech expects to become a central implementation partner for the automaker and its all electric and carbon neutral strategies.

 

"Mercedes-Benz plans to go all electric by the end of this decade, wherever market conditions allow. To scale up our electric vehicle production, access to raw materials is needed to improve the resilience and sustainability of the electric vehicle supply chain. With the Rock Tech partnership we intend to take a direct sourcing approach to secure the lithium supply for Mercedes-Benz battery production," says Markus Schaefer, Member of the Board of Management of Mercedes-Benz Group AG, Chief Technology Officer, responsible for Research & Development and Procurement.

 

As lithium mining and production spreads out globally in this “new era gold rush” we can expect in the near term to see a slight price drop and an increase in supply, however many EV producers are still far from scale production, which will be when the real test begins for many of these operations. We are witnessing a race between EV producers and the mining facilities they depend on for who can reach their target scale production first and while at the moment we are seeing growth and renewed investor interest in both sectors, we still face the question of will it be enough for this Green Revolution ? 

 

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