Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
GLEN - Copper and Nickel expansion going fwd while.......
'Glencore to accelerate coal mine closures' FT 6th Dec. (they don't like links.....zzzzzzz)
'Glencore scraps application for new coal mine in Queensland'
https://www.theguardian.com/australia-news/2022/dec/08/glencore-scraps-application-for-new-coal-mine-in-queensland
Be happy to take GLEN paper too....
There's a video out there of Orion spelling out it's investment rational, how it can take 2yrs monitoring a Co., respective management credentials etc. They state that they aim to make a return of at least 3-5x on their investment, within 5yrs.
....A$8.4bn to A$9.6bn
Ft suggesting could be the start of a potential wave of consolidation as miners invest in critical minerals needed for electric vehicles etc...
OZ Mins. also recently completed a feasibility process to start the development of a A$1.7bn nickel/copper mine in remote Western Australia ...
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https://www.ft.com/content/a8e0f1bb-f69a-4a77-b762-02f957e47f5c?shareType=nongift
'The International Energy Agency forecasts that soaring EV battery demand will require 50 new lithium projects, 60 nickel mines and 17 cobalt developments by 2030, a huge challenge for an industry that typically takes 15 years or more to develop a project.'
'“We’re absolutely convinced that this is a race, a zero-sum game and resources are a finite limit,” Tanya Skilton, director of purchasing for electric vehicle critical materials at General Motors'.
Nothing we haven't heard before but....
https://www.ft.com/content/a8e0f1bb-f69a-4a77-b762-02f957e47f5c?shareType=nongift
....Eye Stake in Vale’s Base Metals Business.
Vale aims to raise more than $2 billion selling stake in unit.
https://www.bloomberg.com/news/articles/2022-11-01/pif-mitsui-are-said-to-eye-stake-in-vale-s-base-metals-business?leadSource=uverify%20wall