The Top Reasons the Lithium Bull Market is Just Getting Started July 19, 2023 - Baystreet.ca Major auto companies are in such desperate need for lithium supply, they’re committing billions on direct deals with lithium mining companies. For example, Ford Motor is working with Albemarle. General Motors invested $650 million in Lithium America’s Thacker Pass mine. All in an effort to avoid falling behind when it comes to electric vehicles. After all, by 2035, General Motors wants all of its auto sales to be electric. We also have to consider that, “Lithium is going to be tough to get and to fully electrify here in the U.S.,” said Eric Norris, president of the Lithium global business unit at Albemarle, as quoted by The New York Times, which added, “As a result, auto executives and consultants are fanning out to mines around the world, most of which have not begun producing.” All of which will be a substantial catalyst for companies such as European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), Sibanye Stillwater Ltd. (NYSE: SBSW), and Livent Corp. (NYSE: LTHM). In addition, according to Bloomberg, “Availability and costs of crucial battery materials like lithium, cobalt and nickel have been key concerns for years among EV makers trying to build out their electric lineups. The issue has gained more urgency in recent months due to rising competition to strike supply pacts with miners and project developers and by wild swings in raw material costs. The spot value of lithium consumption alone surged to about $35 billion in 2022, from $3 billion in 2020.” Look at European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), For Example European Energy Metals Corp. just announced that it has appointed Mr. Mike Basha as a member of the Company's Advisory Board. Mr. Basha is a professional engineer and geologist with over 35 years’ experience working for major and junior exploration and mining companies in Canada, USA, Mexico, Ecuador and Finland. He has generated and worked on many grassroots to advanced exploration projects for a variety of mineral commodities. He was co-discoverer of the Hammerdown gold deposit in Newfoundland early in his career. As former VP Exploration of Cornerstone Resources Ltd (recently acquired by Solgold Plc), he was instrumental in helping establish them in Ecuador. He is also the founder and former CEO and President of Aurion Resources Ltd., with assets in Northern Finland. While at Aurion, Mr Basha staked the core of Aurion’s holdings in Finland and, under Mr Basha’s direction, the Aurion exploration teams made multiple discoveries including the high-grade Aamurusko, Launi and Notches gold prospects among others. Mr. Basha holds degrees in geology and engineering and, in addition to his exploration experience, has previously worked as a consulting geotechnical and environmental engineer. “We are very pleased to welcome Mike as a member of our Advisory Board”, commented European Energy Metals CEO Jeremy Poirier. “His in-country experience in Finland and significant exploration experience will be appreciated as we move forward with our exploration program at the Finnish Pegmatite Project", he continued. Other related developments from around the markets include: Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity and health, announced that it achieved an IRMA 50 level of performance in an independent third-party assessment of its lithium brine extraction and concentration site in the Salar de Atacama, using the Initiative for Responsible Mining Assurance’s (IRMA) comprehensive mining standard. This marks a new milestone for Albemarle, as it is the first lithium producer and only the third mine site globally to complete an independent audit and have its audit report published by IRMA, continuing the company’s commitment to transparent and responsible management of its resources. Lithium Americas reported that the Caucharí-Olaroz project in Jujuy, Argentina has produced its first lower than battery-quality lithium carbonate as part of commissioning. Additional purification processing equipment necessary to achieve battery-quality lithium carbonate is expected to be completed in the second half of 2023, as planned. “The initial production achieved as part of commissioning is an exciting step as Caucharí-Olaroz continues to advance toward first production of battery-quality lithium carbonate,” said Jonathan Evans, Lithium Americas’ President and CEO. “Our dedicated and skilled teams continue to work diligently to progress this transformative project.” Sibanye Stillwater Ltd. announced that it has concluded its first power purchase agreement (PPA) and achieved financial close for an 89-megawatt (MW) wind energy project. This clean energy will be generated by the Castle Wind Farm, located near the town of De Aar in the Northern Cape province of South Africa, and will supply the SA operations via a wheeling agreement with Eskom. This will be the largest private wind farm constructed in South Africa to date. Construction of the castle Wind Farm is expected to commence in June 2023 and is scheduled for commercial operation in early 2025. The project consortium consists of African Infrastructure Investment Managers (AIIM), through its renewable energy project development and delivery platform, African Clean Energy Developments (ACED) and Reatile Renewables. Livent Corp. announced it will release its second quarter 2023 earnings on Thursday, August 3, 2023, after stock market close via PR Newswire and the company's website. The company will subsequently host a webcast conference call on Thursday, August 3, 2023, at 4:30 p.m. ET that is open to the public via Internet broadcast and conference call. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for European Energy Metals Corp. by European Energy Metals Corp. We own ZERO shares of European Energy Metals Corp. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media281.804.7972Ty@winning.media
The Top Reasons the Lithium Bull Market is Just Getting Started July 19, 2023 - Baystreet.ca Major auto companies are in such desperate need for lithium supply, they’re committing billions on direct deals with lithium mining companies. For example, Ford Motor is working with Albemarle. General Motors invested $650 million in Lithium America’s Thacker Pass mine. All in an effort to avoid falling behind when it comes to electric vehicles. After all, by 2035, General Motors wants all of its auto sales to be electric. We also have to consider that, “Lithium is going to be tough to get and to fully electrify here in the U.S.,” said Eric Norris, president of the Lithium global business unit at Albemarle, as quoted by The New York Times, which added, “As a result, auto executives and consultants are fanning out to mines around the world, most of which have not begun producing.” All of which will be a substantial catalyst for companies such as European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), Albemarle Corporation (NYSE: ALB), Lithium Americas (NYSE: LAC) (TSX: LAC), Sibanye Stillwater Ltd. (NYSE: SBSW), and Livent Corp. (NYSE: LTHM). In addition, according to Bloomberg, “Availability and costs of crucial battery materials like lithium, cobalt and nickel have been key concerns for years among EV makers trying to build out their electric lineups. The issue has gained more urgency in recent months due to rising competition to strike supply pacts with miners and project developers and by wild swings in raw material costs. The spot value of lithium consumption alone surged to about $35 billion in 2022, from $3 billion in 2020.” Look at European Energy Metals Corp. (TSXV: FIN) (OTC: EUEMF), For Example European Energy Metals Corp. just announced that it has appointed Mr. Mike Basha as a member of the Company's Advisory Board. Mr. Basha is a professional engineer and geologist with over 35 years’ experience working for major and junior exploration and mining companies in Canada, USA, Mexico, Ecuador and Finland. He has generated and worked on many grassroots to advanced exploration projects for a variety of mineral commodities. He was co-discoverer of the Hammerdown gold deposit in Newfoundland early in his career. As former VP Exploration of Cornerstone Resources Ltd (recently acquired by Solgold Plc), he was instrumental in helping establish them in Ecuador. He is also the founder and former CEO and President of Aurion Resources Ltd., with assets in Northern Finland. While at Aurion, Mr Basha staked the core of Aurion’s holdings in Finland and, under Mr Basha’s direction, the Aurion exploration teams made multiple discoveries including the high-grade Aamurusko, Launi and Notches gold prospects among others. Mr. Basha holds degrees in geology and engineering and, in addition to his exploration experience, has previously worked as a consulting geotechnical and environmental engineer. “We are very pleased to welcome Mike as a member of our Advisory Board”, commented European Energy Metals CEO Jeremy Poirier. “His in-country experience in Finland and significant exploration experience will be appreciated as we move forward with our exploration program at the Finnish Pegmatite Project", he continued. Other related developments from around the markets include: Albemarle Corporation, a global leader in providing essential elements for mobility, energy, connectivity and health, announced that it achieved an IRMA 50 level of performance in an independent third-party assessment of its lithium brine extraction and concentration site in the Salar de Atacama, using the Initiative for Responsible Mining Assurance’s (IRMA) comprehensive mining standard. This marks a new milestone for Albemarle, as it is the first lithium producer and only the third mine site globally to complete an independent audit and have its audit report published by IRMA, continuing the company’s commitment to transparent and responsible management of its resources. Lithium Americas reported that the Caucharí-Olaroz project in Jujuy, Argentina has produced its first lower than battery-quality lithium carbonate as part of commissioning. Additional purification processing equipment necessary to achieve battery-quality lithium carbonate is expected to be completed in the second half of 2023, as planned. “The initial production achieved as part of commissioning is an exciting step as Caucharí-Olaroz continues to advance toward first production of battery-quality lithium carbonate,” said Jonathan Evans, Lithium Americas’ President and CEO. “Our dedicated and skilled teams continue to work diligently to progress this transformative project.” Sibanye Stillwater Ltd. announced that it has concluded its first power purchase agreement (PPA) and achieved financial close for an 89-megawatt (MW) wind energy project. This clean energy will be generated by the Castle Wind Farm, located near the town of De Aar in the Northern Cape province of South Africa, and will supply the SA operations via a wheeling agreement with Eskom. This will be the largest private wind farm constructed in South Africa to date. Construction of the castle Wind Farm is expected to commence in June 2023 and is scheduled for commercial operation in early 2025. The project consortium consists of African Infrastructure Investment Managers (AIIM), through its renewable energy project development and delivery platform, African Clean Energy Developments (ACED) and Reatile Renewables. Livent Corp. announced it will release its second quarter 2023 earnings on Thursday, August 3, 2023, after stock market close via PR Newswire and the company's website. The company will subsequently host a webcast conference call on Thursday, August 3, 2023, at 4:30 p.m. ET that is open to the public via Internet broadcast and conference call. Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for European Energy Metals Corp. by European Energy Metals Corp. We own ZERO shares of European Energy Metals Corp. Please click here for full disclaimer. Contact Information: Ty Hoffer Winning Media281.804.7972Ty@winning.media