IEA warning: we must stop using gasoline vehicles within the next 14 years
We could see a bigger push for electric vehicles from companies, such as You’re here (NASDAQ: TSLA) and General Motors (NYSE: GM). Even though countries around the world have made commitments to cut emissions, that may not be enough. According to a new report from The Climate Action Tracker, as Yahoo Finance notes, “Recent commitments by governments around the world to limit carbon emissions will not be enough to meet the goal of preventing global temperatures from exceeding 1. , 5 degrees Celsius, a new report completed. “To help, according to the International Energy Agency (IEA), we must stop using gasoline vehicles within the next 14 years, which could lead to a bigger electric vehicle boom and greater demand. battery components, from companies such as Green Battery Minerals Inc. (TSXV: GEM) (OTC: GBMIF), Extreme Vehicle Battery Technologies Corp. (CSE: ACDC) (OTC: CRYBF), Graphite One Inc. (TSXV: GPH) (OTC: GPHOF).
Look at Green Battery Minerals Inc. (TSXV: GEM) (OTC: GBMIF) for example
Green battery minerals announced that it is preparing to complete the preliminary economic assessment planned by the company on its “Berkwood graphite project, northern Quebec” accessible by road, with plans announced today to issue up to 2 037,000 flow-through units priced at $ 0.25 for gross proceeds of $ 509,250. Each unit will consist of one flow-through common share and one ½ warrant, each whole warrant being exercisable for one common share at a price of $ 0.50 for a period of two years. The Company will request the TSX-Venture to close and issue the securities.
Finder’s fees and commissions may be paid by the Company in accordance with the policies of the TSX Venture Exchange. The closing of the private placement is subject to the approval of the TSX Venture Exchange.
The proceeds from the issuance of flow-through shares will be used for exploration expenses in Canada and will qualify as flow-through mining expenses, within the meaning of subsection 127 (9) of the Income Tax Act (Canada), which will be waived to subscribers with an effective date no later than December 31, 2022, to initial buyers of the securities offered for an aggregate amount not less than the gross proceeds from the issuance of the flow. by way of shares, as the case may be, and, if the eligible expenses are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber from any additional tax payable by such subscriber as a result of the failure of the Company to waive the benefits. eligible expenses as agreed.
The net proceeds will be used for costs associated with continuing the exploration / drilling program and reporting for a planned PEA for the Berkwood Graphite project. The securities to be issued will bear the legend with the required four months plus a holding period of one day from the issue. The aim is to make progress towards creating a PEA that is on track, as stated in the company’s press release of April 19, 2021.
The Company confirms that there are no material facts or changes relating to the Company which have not been generally disclosed.
The purpose of a PEA is to assess the potential economic viability of a mining project
A Preliminary Economic Assessment (PEA) is defined as a study that includes a preliminary economic analysis of the potential viability of a project’s mineral resources. Preliminary economic assessments are performed prior to pre-feasibility and feasibility studies and are an important step toward feasibility that helps determine whether a company should consider developing a mineral resource project.
Before a mineral resource project becomes a mine, several engineering studies must be completed on a deposit to ensure its economic viability. As mentioned, developing a PEA is one of the first steps in the assessment process, followed by pre-feasibility and feasibility studies.
Typically, PEAs will include basic information on the estimated capital costs associated with bringing a project into production, an estimate of how the mine will operate once it is built, the amount of metals / minerals it will produce and at what operating cost. The PEA helps the Company understand the risks and uncertainties associated with a project. The study can be part of both surface and underground exploration and should include a mining plan.
Specifically, a PEA tends to contain information on pre-production capital costs, mine life sustaining capital, mine life and an estimate of projected cash flows, as well as details of processing and production methods and rates.
PEAs also include information on the economics of mining projects at various metal / mineral prices. This will include an estimate of the NPV (Net Present Value) of the mine and an estimated IRR (Internal Rate of Return).
PEA allows companies to help predict an estimate of potential profit margins, which helps determine their NPV.
Tom Yingling, state president and chief executive officers, “We are very happy to move closer to the planned PEA. Neighboring graphite companies in Quebec have a significantly higher market capitalization than Green Battery and management believes this is due to the lack of a positive PEA. Going forward with the financing, this should allow the Company to proceed this summer with a much larger drilling program which brings it closer to the planned PEA. The upcoming drilling program will include infill and incremental drilling to potentially expand the already proven Zone 1 resource, which to date has only been drilled approximately 20%. In addition, we plan to drill our zone 6 located separately. The company has already confirmed that Zone 6 contains graphite because it has been grooved multiple times on the surface and produced high quality large flake graphite. The geophysical anomaly of zone 6, the accuracy of which has been proven by channel sampling, also involves a large graphitic body on the surface. This again confirms our mission to repeat what Mason did, right on our side of the dividing line that we share with Mason.
Other related developments across the markets include:
Tesla Inc. released its financial results for the first quarter of 2021 by posting an update on its investor relations website. Please visit https://ir.tesla.com to view the update.
General Motors reported first quarter results driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial and industry recovery in China. The company is very confident in its 2021 forecast set out earlier this year as it struggles to deal with the semiconductor shortage, which is impacting automakers around the world.
Extreme Vehicle Battery Technologies Corp. is develop a blockchain-based system for reduce the need for battery and EV maintenance. The solution will use the company’s proprietary Battery Management System (BMS) combined with blockchain technology.
The company states that the ACDC blockchain will operate in an ecosystem of four key components: Identification and Tracking, Urban Network Management, Remote Battery Diagnosis, Repair and Report, Cryptocurrency. “As our product engineers develop the physical assets of EV Battery Tech, our software development team is working behind the scenes on this revolutionary technology,” said Bryson Goodwin, CEO of EV Battery Tech.
Graphite One Inc. offered the following comment on a new executive decree (EO) released by US President Joseph R. Biden on February 24, 2021, aimed at strengthening critical US supply chains. The OE identifies three technology sectors as critical supply chains: advanced semiconductors, “high capacity batteries, including electric vehicle (EV) batteries” and pharmaceuticals. The OE also identifies “critical minerals and other… strategic materials” as a fourth supply chain, essential for the manufacturing of technologies and the industrial base of defense. In addition to being a critical mineral rated by the US government, graphite is an essential material for the renewable and EV battery industries, as well as for advanced semiconductor manufacturing. “Graphite One welcomes the recognition of renewable batteries, and EV batteries in particular, as a critical supply chain,” said Anthony Huston, CEO of Graphite One. “The fact that graphite is essential to three ‘critical supply chains named in the executive order underlines the importance of Graphite One’s supply chain approach.
Legal Notices / With the exception of the historical information presented here, the subjects discussed in this article contain forward-looking statements which are subject to certain risks and uncertainties which could cause actual results to differ materially from the future results, performances or achievements expressed. or implied by these statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide or purport to provide investment advice or recommendations to readers of this release. To make specific investment decisions, readers should seek their own advice. Winning Media is only remunerated for its services in the form of cash remuneration. Under an agreement, Winning Media received three thousand five hundred dollars for advertising and marketing services for Green Battery Minerals Inc. by Green Battery Minerals Inc.
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