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Technology Metals Report (03.28.2024): China Challenges US EV Plans and the DoE Invests $6B to Decarbonize Economy

Welcome to the latest issue of the Technology Metals Report (TMR), brought to you by the Critical Minerals Institute (CMI). In this edition, we compile the most impactful stories shared by our CMI Directors over the past week, reflecting the dynamic and evolving nature of the critical minerals and technology metals industry. Among the key stories featured in this report are Chile’s attempts to spur lithium sector investments amidst regulatory and environmental concerns, France’s Orano exploring the possibility of a uranium enrichment plant in the U.S., and China’s challenge to U.S. electric vehicle subsidy policies at the WTO. Additionally, we delve into the EU’s potential adjustments to its 2035 EV mandate, President Biden’s electric vehicle policies influencing American election outcomes, and Kazakhstan’s push to increase uranium exports to the U.S.

This week’s TMR Report also highlights U.S. Critical Materials’ efforts to publicize its Bitterroot gallium deposits, significant for semiconductors and defense technologies; the Department of Energy’s largest-ever investment to decarbonize industry; Brazilian Rare Earths Limited’s new rare earth discovery in the Pele Project; challenges in America’s lithium laws slowing down the pace of domestic production; and collaborative efforts between Australia’s Pilbara Minerals and China’s Ganfeng to study a new lithium chemical plant. Additionally, we explore CATL’s discussions with Tesla and other automakers for U.S. licensing of its battery technology, aiming to navigate the tightening U.S. regulations on the battery sector. Through these stories, the TMR provides a comprehensive overview of the latest developments affecting the critical minerals sector, highlighting the challenges and opportunities ahead. To become a CMI member and stay informed on these and other topics, click here

Chile needs to finalize more lithium plan details to spur investment, miners say: (March 27, 2024, Source) — Chile’s attempt to draw private investment into its lithium sector is met with apprehension due to unresolved details and potential regulatory hurdles. The government plans to open 26 salt flats for private mining, excluding some reserved for state control, as part of President Gabriel Boric’s strategy to double lithium production by decade’s end. However, concerns over how contracts will be allocated, opposition from Indigenous communities, and environmental considerations could deter investors. Industry voices also caution against possible legal conflicts over mining rights and the negative impact of heavy state involvement on Chile’s investment appeal. With lithium prices and electric vehicle sales currently in a slump, the attractiveness of new projects is further challenged, making neighboring countries more appealing for lithium investment.

Chile opens lithium salt flats for investment, saves two for state control: (March 27, 2024, Source) — Chile has inaugurated a significant move to open more than two dozen lithium salt flats to private investment, while strategically keeping the prolific Atacama and Maricunga deposits under state majority control. This decision is part of President Gabriel Boric’s vision to increase state involvement in the nation’s lithium sector, which is the second-largest globally. The initiative could potentially double Chile’s lithium output within ten years, crucial for electric vehicle batteries, according to Finance Minister Mario Marcel. The tender process for 26 salt flats will start in April, aiming for completion in July. State-run enterprises are initiating projects in five other flats, seeking partners. Currently, only Sociedad Química y Minera de Chile S.A. (“SQM”) (NYSE: SQM) and U.S.-based Albemarle Corporation (NYSE: ALB) operate in Chile, specifically in the lithium-rich Atacama salt flat. The government, signaling further interest in lithium ventures beyond Atacama and Maricunga, is also contemplating the establishment of a national lithium company and emphasizes environmental protection and indigenous community involvement in new projects.

China to challenge Biden’s electric vehicle plans at the WTO: (March 27, 2024, Source) — China has filed a complaint with the World Trade Organization (WTO) against the United States, alleging that U.S. electric vehicle (EV) subsidy policies unfairly discriminate against Chinese products. This action comes in response to the U.S. Inflation Reduction Act, which, from January 1, disqualifies EVs from receiving tax credits if their critical minerals or battery components are sourced from Chinese, Russian, North Korean, or Iranian companies. China argues that these policies distort fair competition and disrupt the global EV supply chain by excluding Chinese products. The outcome of this dispute is uncertain, particularly if the U.S. appeals a ruling against it, due to the current dysfunction of the WTO’s Appellate Body. This complaint underscores the growing tensions in the global EV market, where China is a dominant player in battery technology and aims to expand its auto industry globally.

France’s Orano studying plan to build U.S. uranium enrichment plant: (March 27, 2024, Source) — French nuclear fuel company Orano, previously known as Areva, is exploring the possibility of constructing a uranium enrichment plant in the United States, as part of efforts to decrease U.S. dependency on Russian uranium imports. The plan, which had been shelved following the Fukushima disaster due to a surplus in enrichment capacity, is being revisited amidst growing demand and geopolitical tensions. Orano, which is state-owned, aims to support the U.S., the world’s largest nuclear power producer, in bolstering its domestic fuel production capabilities. This initiative aligns with recent U.S. legislative moves, including President Biden’s approval of significant funding for domestic uranium production. Orano also plans to expand its existing uranium enrichment capacity in France to meet U.S. demand and reduce reliance on Russian supplies.

EU May Water Down Harsh 2035 EV Mandate And Reprieve Hybrids: (March 27, 2024, Source) — The European Union and Britain’s ambitious plans to phase out combustion engine vehicles by 2035 in favor of electric vehicles (EVs) are facing scrutiny and potential adjustments. Experts suggest that hybrids may be given more leeway to ensure a smoother transition. The automotive industry is at risk of being dominated by more cost-effective Chinese EVs, prompting concerns over the financial viability of European carmakers in the shift to electric. Stricter CO2 emissions targets are also causing unease among manufacturers. Reports indicate that EV sales growth is slowing, and the current market offerings are deemed too expensive for widespread adoption, with technology and infrastructure not fully meeting consumer needs yet. There’s lobbying for regulatory review and more flexible approaches, including a broader acceptance of hybrid models and other technologies to reduce emissions. The upcoming review by the EU, along with potential geopolitical shifts and industry collaborations, could influence the pace and nature of Europe’s transition to electric mobility.

Electric cars will decide the outcome of the American election: (March 26, 2024, Source) — President Biden’s aggressive promotion of electric vehicles (EVs) may jeopardize his political standing, particularly in critical Midwestern swing states. His administration’s focus on EVs, marked by substantial price differences and practicality issues compared to traditional vehicles, risks alienating a significant voter base. This strategy, characterized by stringent mileage requirements and incentives for EV adoption, could undermine the traditional auto industry, a cornerstone of states like Michigan and Wisconsin. Furthermore, the policy may inadvertently bolster China’s position in the global EV market, while threatening job losses across America’s automotive sector, including sales, maintenance, and after-market services.

World’s Top Uranium Miner Seeks to Boost Exports to US: (March 26, 2024, Source) — Kazakhstan, the leading uranium producer globally, is intensifying efforts to increase its uranium exports to the United States. This initiative follows discussions on energy cooperation with U.S. Senator Steve Daines. Kazakhstan already holds contracts for uranium product supply until 2032 with key U.S. energy companies. The push for expanded uranium exports comes at a time when the demand for this critical metal is rising, driven by a global shift towards nuclear power to combat climate change. Furthermore, the U.S. is contemplating a ban on imports of enriched Russian uranium, used in both nuclear reactors and weapons, highlighting the strategic importance of identifying alternative uranium sources.

Mining company touts Bitterroot gallium deposits: (March 26, 2024, Source) — U.S. Critical Materials is stepping up its public outreach concerning its mining claims in the Bitterroot’s headwaters, with a focus on valuable gallium deposits over 6,700 acres, essential for semiconductors, 5G, smartphones, satellite systems, and defense technologies. The U.S. government, recognizing the strategic importance of gallium—especially amidst a Chinese export embargo—is heavily involved in funding and driving the production of REE and other critical minerals, with significant contributions from federal agencies. Preliminary exploration at Sheep Creek has seen support from the DOD and collaboration with academic and geological institutions, utilizing advanced survey techniques. Amidst concerns over national security due to dependency on imported gallium, U.S. Critical Materials boasts high-grade gallium deposits and is exploring environmentally sustainable separation processes. The company’s partnership with Idaho National Laboratories aims to develop new processing methods to establish a domestic supply chain, a crucial step given the current lack of processing facilities in North America and the environmental and commercial challenges of existing separation technologies.

Department of Energy announces largest-ever investment to decarbonize industry: (March 25, 2024, Source) — The Department of Energy has announced a substantial $6 billion funding for 33 projects across the U.S. to reduce emissions in energy-intensive industries. This effort, part of the largest-ever investment to decarbonize industry, leverages the Bipartisan Infrastructure Law and Inflation Reduction Act, aiming for a combined investment of $20 billion including company contributions. Targeting major sectors like steel, aluminum, cement, and food production, the initiative is expected to cut down 14 million metric tons of CO2 annually, equivalent to removing 3 million gas-powered cars from the roads. Highlighted projects include Constellium’s zero-carbon aluminum plant in West Virginia, with potential federal funding up to $75 million, and Kraft Heinz’s $170.9 million investment to electrify and decarbonize food production at 10 facilities. Additionally, nearly 80% of the projects are located in disadvantaged communities, emphasizing the investment’s broader social and environmental benefits.

Brazilian Rare Earths Limited (ASX:BRE) Announces New Rare Earth Discovery – the Pele Project: (March 25, 2024, Source) — Brazilian Rare Earths Limited (ASX:BRE) has unveiled the Pele Project, a significant new rare earth discovery in Bahia, Brazil, positioned 60km southwest of their Monte Alto Project. This district-scale endeavor is set to explore ultra-high grade REE-Nb-Sc mineralization across a target area vastly exceeding that of Monte Alto. Key findings include extensive geophysical anomalies, the largest known hard rock monazite outcrop extending over 30m, and promising high-grade monazite sand intercepts. Initial results suggest a substantial rare earth mineralization potential, mirroring the successful exploration techniques employed at Monte Alto. With comprehensive surveys and an imminent diamond drilling program, CEO Bernardo da Veiga anticipates accelerating exploration to uncover this area’s full potential, marking another stride in expanding their rare earth province footprint.

America’s lithium laws fail to keep pace with rapid development: (March 25, 2024, Source) — Efforts to make the United States a leading global lithium producer are hindered by a tangled set of state regulations, creating a significant barrier against reducing dependence on foreign lithium supplies, particularly from China. Confusion over ownership, valuation, and processing of lithium resources across states like Texas and Louisiana, combined with fluctuating commodity prices and technical challenges, are major obstacles. This situation complicates the Biden administration’s ambitions for electrification and increasing domestic lithium production. Despite the urgent need for regulatory clarity to attract investment and advance projects, states vary widely in their approaches to lithium extraction and regulation. The uncertainty around regulatory frameworks is delaying the development of lithium projects, thus affecting the U.S.’s ability to meet its lithium production and electrification goals.

Pilbara Minerals and China’s Ganfeng agree to study for lithium chemical plant: (March 24, 2024, Source) — Australia’s Pilbara Minerals and China’s Ganfeng Lithium have agreed to study the feasibility of building a lithium chemical plant capable of producing 32,000 metric tons of lithium carbonate or hydroxide annually, at an undecided location. The study, set to complete by March 2025, explores potential sites, including Australia, aiming for greater supply chain diversification. Pilbara Minerals, which has partnerships in other lithium projects, seeks to reduce transportation volumes and carbon footprint through midstream lithium chemicals production. Preliminary discussions have shown strong international interest in the venture, with incentives such as economic benefits and support for permitting. The venture would be a 50:50 partnership, with Ganfeng considering a stake sale based on U.S. Inflation Reduction Act benefits. Pilbara is increasing spodumene production to 1 million tons annually and may expand further, committing 300,000 tons annually to this project if it proceeds.

CATL in talks with Tesla, global automakers for US licensing, WSJ reports: (March 25, 2024, Source) — Contemporary Amperex Technology Co. Ltd. (CATL), a leading Chinese electric-vehicle battery maker, is currently in discussions with Tesla Inc. (NASDAQ: TSLA) and other automakers to license its battery technology in the U.S. This approach comes as an alternative to establishing its own manufacturing facility in the country. These negotiations, still in the early stages, revolve around the extent of the collaboration and the specifics of the technology Tesla would license, influenced by the EV giant’s financial health. CATL’s existing partnership with Ford, which recently adjusted its investment strategy for a Michigan battery plant to use CATL’s licensed technology amid legislative pushback, serves as a blueprint for potential agreements with other U.S. car manufacturers. This development is amidst a global downturn in EV demand and tighter U.S. regulations on the battery sector to curb Chinese influence, with CATL also focusing on innovations like faster charging batteries for Tesla.

CATL Working With Tesla on Fast-Charging Cells, Supplying Nevada: (March 25, 2024, Source) — CATL is enhancing fast-charging batteries for Tesla, targeting an electric car under $25,000. Emphasizing cost-efficiency and longevity, CATL’s collaboration extends to supplying Tesla’s Nevada factory and innovating in battery technology. Despite global EV market challenges, CATL sustains growth through a diversified clientele including BMW and Mercedes-Benz, and is adapting to U.S. market restrictions by licensing its technology, notably to Ford. With geopolitical tensions affecting trade, CATL values client trust and plans to expand production in Europe and Southeast Asia. The company’s strong financial standing allows it to delay further funding rounds, focusing instead on technological advancement and strategic partnerships to navigate the evolving electric vehicle landscape.

Investor.News Critical Minerals Videos:

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Critical Minerals IN8.Pro Member News Releases:

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  • March 26, 2024 – Voyageur Pharmaceuticals Files Audited Annual Financial Statements and Grants Stock Options https://bit.ly/4aOgTFV
  • March 26, 2024 – First Phosphate Reports Published Research Studies for its Lac à l’Orignal, Mirepoix and Bégin-Lamarche Properties in the Saguenay-Lac-St-Jean region of Quebec, Canada https://bit.ly/3TOTEWq
  • March 26, 2024 – Kraken Energy Confirms Elevated Radioactivity in Both Initial Drill Holes at Harts Point Property, Utah https://bit.ly/3VskYem
  • March 25, 2024 – Bechtel contract to support ASM with engineering at the Dubbo Project https://bit.ly/3Vsx8E3



Austrian Mining and Steel Association’s Roman Stiftner on the Power of European Collective Voice

In a comprehensive interview hosted by Stephen Lautens of the Critical Minerals Institute (CMI) with Roman Stiftner, Managing Director of the Austrian Mining and Steel Association during PDAC 2024, Stiftner shared valuable insights into the European Union’s growing focus on the mining sector. Stiftner, who also serves as the vice president of Euromines, outlined the strategic efforts by these organizations to consolidate the industry’s voice within Europe. Highlighting the importance of a united front, he remarked, “Coming from a small country, it’s sometimes important to collect a bit more the strength of a common voice and be vocal in this way.” This collective approach aims to enhance the visibility and impact of the mining, steel, and non-ferrous metals industries at an international level, particularly through advocating for the sector’s interests to the European Commission, Parliament, and the wider public. Stiftner emphasized the importance of mining to achieving carbon neutrality across the continent and the planet, underscoring the sector’s foundational significance in the transition towards a more sustainable future.

The discussion explored the evolving importance of Europe in global mining, influenced by recent crises such as the pandemic, geopolitical tensions, and the urgent need to combat climate change. Stiftner identified these challenges as catalysts for a paradigm shift towards securing local mining operations and raw material supplies to bolster resilience and support the ecological transition. “We have to do something against climate change… Having mines in Europe and having the raw material side available for a more resilient supply of raw materials is key to make this transformation happen,” Stiftner explained, highlighting Europe’s active role in the green technology and electric vehicle revolutions. Furthermore, he advocated for stronger transatlantic cooperation based on shared ESG values, aiming to establish global standards for responsible sourcing. Recognizing Europe’s dependence on strategic partnerships for essential raw materials, Stiftner’s presence at PDAC underscored the Europe’s pursuit of collaboration with reliable partners like Canada, aiming to mutually enhance economic and environmental outcomes through mining.

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Albemarle Lithium Auction offers a bold move forward in pricing transparency in the critical minerals market

In a notable development within the lithium industry, Albemarle Corporation (NYSE: ALB), the world’s largest producer of lithium, has announced its plan to host an auction for a significant quantity of lithium on March 26. This move marks a strategic attempt to address the persistent issue of price discovery in a market characterized by its lack of transparency and high volatility. Jack Lifton, Co-founder of the Critical Minerals Institute (CMI), offers insightful commentary on the implications of this event, tying it to the broader challenges facing the lithium market today.

The auction by Albemarle, according to a news story published on Reuters yesterday is a response to the dramatic shifts witnessed in the lithium sector, propelled by the electric vehicle (EV) revolution. Since 2007, lithium production has surged from less than 4,000 tons to 186,000 tons, underscoring the metal’s critical role in the transition towards electrification. Despite this growth, the industry has struggled with establishing a clear and stable pricing mechanism, a challenge that Lifton identifies as a major impediment to investment and development within the sector.

Historically, the pricing of lithium has been opaque, often negotiated privately between producers and buyers. This lack of clarity has been further complicated by the introduction of lithium contracts on Chinese exchanges, which, despite their potential, have failed to provide a global benchmark due to issues of transparency and accessibility for international market participants. Western attempts to establish futures trading for lithium, such as those by the London Metal Exchange (LME) and the Chicago Mercantile Exchange (CME), have also seen limited success, highlighting the disconnect between traditional commodity trading mechanisms and the unique dynamics of the lithium market.

Albemarle’s upcoming auction represents an innovative approach to tackling these pricing challenges. By opening up the sale of a substantial quantity of lithium to competitive bidding, the company aims to foster greater transparency and provide a more accurate reflection of current market valuations. This initiative not only seeks to bridge the gap in price discovery but also serves as a potential model for future transactions in the industry.

Lifton emphasizes the importance of this auction in the context of the lithium market’s evolution. The shift towards digital auctions and the potential for establishing more transparent pricing indices reflect the industry’s adaptability and its search for solutions that align with the realities of global lithium supply and demand. However, he also cautions that while this auction may offer valuable insights, it is not a definitive solution to the market’s overarching issues of volatility and unpredictability.

In conclusion, Albemarle’s decision to host an auction for its lithium products is a significant step towards addressing the critical challenge of price discovery in the lithium market. As Lifton notes, this approach represents a move away from traditional pricing mechanisms and towards a more transparent and dynamic model. While the long-term impact of this and similar initiatives remains to be seen, they underscore the lithium industry’s ongoing efforts to adapt to the complexities of a rapidly evolving global market.




World Renowned Critical Minerals Expert Constantine Karayannopoulos is Bullish on Lithium

In an insightful interview with Tracy Weslosky of InvestorNews, Constantine Karayannopoulos, a renowned expert in the field of critical minerals, shared his perspectives on the current state and future prospects of the critical minerals market. Karayannopoulos highlighted the pivotal role of critical minerals such as rare earths, lithium, and nickel in the burgeoning sectors of battery technology and electric vehicles (EVs), underscoring the global buzz around these resources. He noted the current challenges faced by small companies in raising funds and the general market sentiment. Despite these hurdles, he expressed optimism, suggesting that the downturn in valuations and financing is temporary. “We’re at close to or at the bottom of the cycle with a lot of these commodities,” he stated, advising resilience for these firms in anticipation of a market rebound fueled by sustained demand for technologies reliant on critical minerals.

Karayannopoulos offered insightful commentary on the critical minerals market, particularly focusing on lithium and rare earths. With a bullish stance on lithium, he reminisced about the industry’s past pricing projections and observed the current market’s resilience despite recent price drops. “Lithium still is the workhorse in the battery space… for the next decade, lithium will be the workhorse of the EV battery,” he affirmed, advocating for strategic investments in this area during market lows. His observations extended to the rare earths market, noting its sensitivity to Chinese economic dynamics and the potential for price stabilization in the near term. Highlighting Brazil’s emerging role in diversifying the global supply of heavy rare earths, he emphasized the importance of exploring favorable mineralogy and environmental practices in new geographies. This strategic diversification, he argued, is crucial for addressing the geopolitical and social concerns associated with current heavy rare earths sourcing, primarily from Myanmar.

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Scandium Canada’s Guy Bourassa on One of the Largest Primary Scandium Projects in the World

In an insightful interview with InvestorNews host Tracy Weslosky, Guy Bourassa, CEO and Director of Scandium Canada Ltd. (TSXV: SCD | OTCQB: SCDCF), highlighted their unique position in the global scandium market as the owner of “…one of the largest primary scandium projects in the world”. Bourassa emphasized that this distinction is particularly significant given the current scarcity of scandium, which is primarily sourced as a byproduct from regions such as Russia and China. The scarcity of scandium underscores the strategic importance of Scandium Canada’s Crater Lake Project, as industries worldwide are increasingly in need of reliable and scalable sources of scandium to meet the growing demand for this high-performance metal.

Bourassa discussed how scandium offers remarkable benefits when added to aluminum alloys, significantly enhancing their properties. These enhanced scandium-aluminium alloys exhibit increased strength, improved thermal resistance, and greater weldability compared to their standard aluminum counterparts. This combination of traits makes scandium-alloyed materials highly sought after, especially in sectors where material performance and weight reduction are critical, such as aerospace, automotive, and defense industries. Bourassa explained that incorporating scandium leads to significant weight reduction, facilitating more efficient aircraft and vehicles which, in turn, contributes to a reduction of greenhouse gas emissions.

Bourassa drew an intriguing parallel to the history of niobium, an element that revolutionized the steel industry by enhancing steel’s properties when alloyed. He added, “Scandium Canada is going to do the same thing for the aluminum sector.” Furthermore, the strategic initiatives undertaken by Scandium Canada, including leveraging significant grants and government programs available for critical mineral projects in Canada, position the company advantageously for rapid project advancement with minimal shareholder dilution. This financial acumen, coupled with the project’s significance in providing a primary source of scandium, places Scandium Canada in a strong competitive position.

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About Scandium Canada Ltd.

Scandium Canada is a Canadian technology metals company focused on advancing its flagship Crater Lake scandium and rare earth project in Québec.

To learn more about Scandium Canada Ltd., click here

Disclaimer: Scandium Canada Ltd. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Rowena Smith Highlights ASM’s Operational Success at Korean Metals Plant in Rare Earth Metals Production

In a conversation with InvestorNews host Tracy Weslosky, Rowena Smith, the Managing Director of Australian Strategic Materials Ltd. (ASX: ASM), highlighted the company’s innovative edge in the rare earth sector. Smith detailed ASM’s end-to-end approach from mining to metal production, underscoring its capability to control the entire supply chain outside China—a key differentiator in the market. She also pointed to the operational success of the Korean Metals Plant (KMP), which is already producing essential rare earth metals and alloys. Smith mentioned plans to expand KMP’s production to include heavy rare earths, reinforcing ASM’s competitive advantage and commitment to technological advancement.

Smith also delved into the technological innovations at the KMP, showcasing ASM’s forefront position in metallurgical advancements. The KMP’s current production of neodymium-praseodymium (NdPr) and the development of neodymium iron boron (NdFeB) alloys are pivotal for high-performance magnets used in renewable energy and electric vehicles. This technological edge not only demonstrates ASM’s capacity to meet critical global demands but also reinforces its role as a leader in reducing dependency on the conventional rare earth supply chains. Smith’s narrative underscores ASM’s commitment to sustainability and innovation, highlighting its readiness to meet the increasing demands for rare earth elements critical to modern technology and green energy solutions.

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About Australian Strategic Materials Ltd.

Australian Strategic Materials (ASX: ASM) is a vertically integrated ‘mine to metals’ producer of critical metals for new growth industries, high technologies and sustainable energy solutions. ASM operates a metals plant in in Ochang, South Korea which is currently producing critical metals and alloys to customer specifications. The initial production focus is on neodymium praseodymium (NdPr) and neodymium iron boron (NdFeB). Currently, ASM sources the rare earth oxides for the production of the critical metals at its Korean Metals Plant (KMP) from a third party located in Vietnam. The company’s Dubbo Project, is a long-term resource of rare earth elements, zirconium, niobium and hafnium, located in New South Wales, Australia. ASM intends to develop the Dubbo Project to produce metal oxides which will be used for refining into critical metals at ASM’s KMP and subsequent plants that may be established in other jurisdictions.

To learn more about Australian Strategic Materials Limited, click here

Disclaimer: Australian Strategic Materials Limited is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Technology Metals Report (03.15.2024): U.S. Makes a $2.6B Lithium Loan while Australia Invests $840M into Rare Earths

Welcome to the latest issue of the Technology Metals Report (TMR), brought to you by the Critical Minerals Institute (CMI). In this edition, we compile the most impactful stories shared by our CMI Directors over the past week, reflecting the dynamic and evolving nature of the critical minerals and technology metals industry. Among the key stories featured in this report are the Biden administration’s massive $2.26 billion loan to Lithium Americas Corp. for the Thacker Pass mine in Nevada, aiming to boost domestic lithium production for electric vehicles; the Australian government’s significant A$840 million investment in Arafura Rare Earths Limited to secure a sovereign supply of rare earth elements; and the Canadian federal government’s investment in Saskatoon’s Saskatchewan Research Council to enhance its Rare Earth Processing Facility. These developments underscore a global effort to secure critical mineral supplies, reduce dependence on foreign sources, and advance the transition towards cleaner energy and technology.

This week’s TMR Report also highlights several other important developments in the critical minerals sector. Notable stories include the criticism from the Canadian Automobile Dealers Association regarding Quebec’s decision to phase out electric vehicle purchase incentives, adjustments in electric vehicle strategies by major automakers amid shifting market dynamics, and the UK’s trade pact with Texas aimed at boosting the green industry. Additionally, the report covers POSCO International’s significant deals to supply rare earth permanent magnets to North American and European automakers, signs of recovery in the global lithium market after a massive downturn, geopolitical competition for the Democratic Republic of the Congo’s mineral wealth, Greece’s emergence as a significant source of critical minerals, the U.S. Department of Defense’s initiative to establish a “mine-to-magnet” supply chain, challenges and opportunities in Canada’s mining industry, and the call by global miners for the London Metal Exchange to introduce a green premium for nickel. These stories provide a comprehensive overview of the current state and future prospects of the critical minerals and technology metals industry, reflecting its importance to technological advancement, national security, and the global transition to green energy. To become a CMI member, click here (https://criticalmineralsinstitute.com/join)

Biden Jump-Starts Electric-Vehicle Push With Massive Lithium Loan (March 14, 2024, Source) — The Biden administration is energizing the U.S. electric vehicle (EV) sector with a $2.26 billion loan to Lithium Americas Corp. (TSX: LAC | NYSE: LAC) for its Thacker Pass mine in Nevada, aiming to fortify domestic lithium production for EV batteries. This investment, part of a broader initiative to secure half of new vehicle sales as EVs by 2030, will fund a refining plant critical for producing battery-grade lithium. Despite a recent slowdown in EV sales and a plunge in lithium prices, the project seeks to reduce U.S. dependence on foreign battery minerals, notably from China. Expected to start in 2027, the Thacker Pass mine will significantly contribute to the domestic EV industry, promising to supply lithium for up to 800,000 EVs annually. This move aligns with efforts to transition towards cleaner energy and reduce reliance on international sources.

The Australian Government Steps into the Critical Minerals Supply Chain Ring (March 14, 2024, Source) — The Australian government’s backing of Arafura Rare Earths Limited (ASX: ARU) with A$840 million underscores a strategic push to lessen reliance on Chinese critical mineral sources, aiming to secure a sovereign supply of rare earth elements vital for electric vehicles and renewable technologies. This investment signals Australia’s intent to lead in the global rare earth market, enhancing private sector confidence as evidenced by rising values in related investments, including those by Gina Rinehart’s Hancock Prospecting. The move highlights Australia’s ambition to not only overcome immediate financial challenges in the mining sector but also to establish itself as a crucial player in renewable energy technology, fostering global supply chain resilience and advancing the green energy transition.

Ottawa invests $6M in Saskatoon rare earth processing facility (March 14, 2024, Source) — The Canadian federal government is investing $6 million in Saskatoon’s Saskatchewan Research Council to boost its Rare Earth Processing Facility, marking a significant step in processing critical minerals for high-tech uses like electric vehicle batteries and wind turbines. This funding will commercialize a process for extracting rare earth oxides from waste and develop an automated smelting process for commercial-quality metals, aiming to enhance sustainable and efficient production. The investment reflects a collaboration between federal and provincial governments, highlighting the national importance of establishing a domestic rare earth supply chain. It promises economic growth and job creation, positioning Saskatoon as a key player in meeting global demand for critical minerals and supporting the transition towards a greener economy.

A Step Backwards for Quebec’s Automotive Electric Transition (March 13, 2024, Source) — The Canadian Automobile Dealers Association (CADA) criticizes the Quebec government’s 2024 Budget decision to phase out electric vehicle (EV) purchase incentives amid an affordability crisis. This move is seen as detrimental to Quebec’s leading position in EV adoption, fueled by an effective incentive program. CADA refutes the government’s claim of a narrowing price gap between EVs and traditional vehicles, highlighting that price parity is not expected until 2033. The association warns that removing incentives could slow EV adoption, contrasting with the successful examples of Quebec and British Columbia, which offer substantial financial incentives. CADA urges the government to reconsider, emphasizing the importance of incentives in achieving environmental goals and maintaining affordability for Quebecers.

EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans (March 13, 2024, Source) — Automakers are adjusting their electric vehicle (EV) strategies amid fading EV euphoria, scaling back or delaying plans despite initial optimism. Industry giants like Ford, General Motors, Mercedes-Benz, Volkswagen, Jaguar Land Rover, and Aston Martin are shifting towards a more balanced vehicle offering, incorporating gas-powered, hybrid, and electric vehicles. This approach reflects a slower transition to an all-electric future, diverging from previous ambitious EV growth targets. Despite a reduction in growth expectations, the demand for EVs continues to rise, albeit at a slower pace, with sales still predicted to increase significantly. The industry acknowledges the necessity of hybrid models to bridge the transition to electrification and meet emission standards. This recalibration underscores the automotive sector’s response to less-than-expected consumer uptake of EVs and the reality of current market conditions, suggesting a more gradual shift towards electrification.

UK Signs Trade Pact With Texas in Effort to Boost Green Industry (March 12, 2024, Source) — The UK has signed a trade pact with Texas to enhance cooperation in green energy, aerospace, and advanced technologies, marking the eighth non-binding memorandum of understanding (MoU) with a US state since Brexit. This agreement aims to boost the collective GDP of these states to $6.8 trillion, a quarter of the US economy. It includes mutual recognition of engineering qualifications to facilitate talent exchange for infrastructure projects. The pact also focuses on making business easier in sectors like hydrogen and carbon capture. Despite not being the comprehensive Free Trade Agreement that Brexit supporters hoped for, this deal reflects the UK’s strategy of forming state-level agreements in the US. Texas, the UK’s ninth largest trade partner, exchanged £14.7 billion in goods with the UK in 2023. However, some critics argue these MoUs do little to reduce tariffs and aren’t sufficiently promoted.

POSCO International signs deal for permanent magnet supply with US, European automakers (March 12, 2024, Source) — POSCO International has inked deals worth 1.16 trillion won ($885 million) to supply rare earth permanent magnets, essential for electric vehicle (EV) motors, to North American and European automakers. These contracts aim to diversify the supply chain away from China, utilizing materials from the US, Australia, and Vietnam. The company’s U.S. subsidiary will supply a North American carmaker with magnets worth 900 billion won from 2026 to 2031, while its German subsidiary will provide a European brand with magnets valued at 260 billion won from 2025 to 2034. Star Group, Korea’s exclusive rare earth magnet producer, will handle production. This marks a strategic entry into markets dominated by China, reflecting POSCO’s efforts to expand its global footprint and secure additional orders with car and motor manufacturers.

After Massive Bust, Global Lithium Market Shows Signs of Life (March 12, 2024, Source) — The global lithium market, vital for electric vehicle batteries, is witnessing a cautious revival after a drastic downturn. Prices for lithium carbonate in China have surged to a post-December high following an over 80% fall in 2023, with futures contracts also seeing significant gains. This rebound is amidst a global supply glut that previously tanked prices. Leading producers remain hopeful, with giants like Albemarle Corporation (NYSE: ALB) and Sociedad Química y Minera de Chile S.A. (“SQM”) (NYSE: SQM) continuing expansions despite the market’s volatility. Efforts to rebalance include production cutbacks by some firms. However, analysts warn that the recovery could be fragile, with environmental regulations in China and a persistent supply surplus posing challenges to a sustained rally. Skepticism remains regarding the end of the bear market amidst these tentative gains.

The (Bidding?) War For the DRC (March 12, 2024, Source) — The Democratic Republic of the Congo (DRC) is a focal point for global powers due to its rich deposits of critical minerals essential for modern technologies and green economies. China, Saudi Arabia, the United Arab Emirates, and Russia are the main players, each with distinct strategies and impacts. China has a controversial history in DRC’s mining sector, while Saudi Arabia’s investment approach fosters a positive development model. The UAE’s agreement aims to enhance artisanal mining, and Russia’s involvement hints at a Cold War-style influence game. In contrast, US and European engagement in securing these vital resources has been relatively minimal. These dynamics underscore the geopolitical competition over the DRC’s mineral wealth, pivotal for technological advancement and climate change mitigation.

Critically important metals are found (March 11, 2024, Source) — Greece is emerging as a significant potential source of critical minerals essential for the clean energy transition, attracting investor interest. The Ministry of Environment and Energy, bolstered by Rockfire Resources PLC’s positive findings in Molaoi, southern Greece, indicates substantial deposits of germanium, gallium, lead, silver, and zinc. Germanium’s uses span fiber-optics to solar panels, while gallium, extractable from Greece’s abundant bauxite, is vital for electronics. The EU has noted Mytilineos’ pilot project for gallium extraction from bauxite, potentially satisfying European demand. Additionally, Mytilineos explores scandium production, beneficial in aerospace and electric vehicles, forecasting a significant demand increase. Rockfire Resources plans further exploration and a viability study post-summer. Greece’s untapped resources, including antimonite in Chios and bismuth near Xanthi, underscore its strategic position in supporting Europe’s energy transition and reducing reliance on imports, especially from China.

DOD Looks to Establish ‘Mine-to-Magnet’ Supply Chain for Rare Earth Materials (March 11, 2024, Source) —  The Defense Department is actively pursuing the establishment of a domestic “mine-to-magnet” supply chain for rare earth materials, crucial for manufacturing permanent magnets used in significant U.S. military systems and commercial applications. Recognizing the vulnerability of relying on foreign sources, notably China, for these materials, the DOD aims to enhance national security through self-reliance. It has allocated over $439 million since 2020 to develop this supply chain, covering mining, separation, refining, and manufacturing processes within the U.S. This initiative is guided by the National Defense Industrial Strategy and seeks to achieve a resilient, domestic supply chain capable of meeting all U.S. defense requirements by 2027. Critical defense systems, such as the F-35 Lightning II aircraft, Virginia and Columbia class submarines, and various missile and radar systems, depend heavily on these rare earth materials. The DOD’s strategy includes significant investments in U.S.-based companies and technologies to ensure the country’s self-sufficiency in rare earth element production and magnet manufacturing, aiming to eliminate dependency on foreign sources and secure the future needs of both defense and commercial sectors.

Critical minerals mining industry requires more of everything if Canada to be a global player (March 11, 2024, Source) —  The KPMG in Canada survey reveals optimism among Canadian mining leaders regarding the potential for Canada to be a global leader in critical minerals. However, they acknowledge significant obstacles, including the need for more investment, government support, and favorable tax policies. Challenges like decarbonization, lack of domestic refining capacity, raising capital, environmental, social, and governance risks, cost reduction, and regulatory hurdles are highlighted. The survey indicates that only a minority of companies have committed to comprehensive carbon emission reductions by 2050, with many still planning or not having a strategy for emission reduction. Furthermore, the Critical Mineral Exploration Tax Credit (CMETC) has boosted exploration activities but is seen as complex and limited in scope. Respondents call for broader and more innovative tax policies to encourage investment and development in the sector.

Global miners call on LME to introduce green premium for nickel (March 5, 2024, Source) — Global mining giants, including BHP Group (ASX: BHP | NYSE: BHP) and Wyloo Metals, have urged the London Metal Exchange (LME) to create a green premium for sustainably produced nickel amidst concerns over environmental damage caused by “dirty” nickel, particularly from Indonesia. Indonesia, a major player in the nickel industry, has been criticized for deforestation, pollution, and high carbon emissions due to its reliance on coal-fired power. The LME, however, responded that the market for green nickel isn’t yet large enough to support a dedicated futures contract. BHP and others argue for differentiating between green and dirty nickel, highlighting the environmental impact differences. The LME supports trading low carbon nickel but cites the need for more development in identifying a credible green premium. Meanwhile, Indonesia’s low-cost nickel production is poised to dominate the global market, raising concerns over environmental standards and the need for responsible sourcing guidelines that include emissions metrics.

Investor.News Critical Minerals Media Coverage:

Investor.News Critical Minerals Videos:

  • March 14, 2024 – Neo Performance’s Rahim Suleman on being ‘the most vertically integrated rare earth magnetics company in the world.’ https://bit.ly/3PkS8IY
  • March 14, 2024 – Darren Hazelwood on Panther Metals’ VMS Project Scale and the Graphite Potential Near Thunder Bay https://bit.ly/492OzOM
  • March 14, 2024 – Codemge’s CEO on Leveraging Minas Gerais’ Position as Brazil’s Niobium Mining Powerhouse https://bit.ly/48Pfo8U
  • March 13, 2024 – Chris Berlet on the benefit of MineralPrices’ real-time pricing information https://bit.ly/3TA1i6Q
  • March 11, 2024 – Power Nickel’s Terry Lynch on “the least expensive high-grade nickel sulfide exploration play in the world” https://bit.ly/3VgWdBF
  • March 11, 2024 – Tom Drivas Explores the Initial Rare Earth Mineral Resource Estimate from Appia’s PCH Ionic Adsorption Clay Project in Brazil https://bit.ly/3VdU9KL
  • March 11, 2024 – Chad Clovis on Real Environmental Benefits through the Karbon-X Carbon Credit App https://bit.ly/3Tt6jy6
  • March 11, 2024 – Stephen Burega on Romios Gold’s Recent Strides Forward in High-Grade Copper Exploration in Nevada https://bit.ly/4a9HA7E
  • March 11, 2024 – Sean Cleary on Strategic’s plans to revitalize former producer of 10% of the world’s vanadium https://bit.ly/3IwVZP9

Critical Minerals IN8.Pro Member News Releases:

  • March 14, 2024 – Technology Advancement: NEO Battery Expands Production Yield and Capacity with Manufacturing Innovation https://bit.ly/43f7Efj
  • March 13, 2024 – Voyageur Achieves Milestone with Rain Cage Royalty Agreement for Sustainable Carbon Drug Development https://bit.ly/3TzarN0
  • March 13, 2024 – First Phosphate and Groupe Goyette Sign MOU for Logistics Footprint at the Hebertville-Station Intermodal Facility in the Saguenay-Lac-St-Jean Region of Quebec, Canada https://bit.ly/3PlqXxL
  • March 13, 2024 – Fathom Announces Completion of Drilling at Albert Lake Project and Commencement of Drilling at the Gochager Lake Project https://bit.ly/3wPQFnA
  • March 12, 2024 – American Clean Resources Group Enters Well Water Purchase Agreement with Road and Highway Builders LLC https://bit.ly/3wOX2aT
  • March 11, 2024 – Critical Metals PLC Appointment of Non-Executive Director https://bit.ly/43cATiI



Power Nickel’s Terry Lynch on “the least expensive high-grade nickel sulfide exploration play in the world”

In a compelling interview at PDAC 2024, Tracy Weslosky of InvestorNews caught up with Terry Lynch, CEO of Power Nickel Inc. (TSXV: PNPN | OTCQB: PNPNF), to discuss the company’s progress and the promising outlook of their operations. Power Nickel, a Canadian junior exploration company, is on a dedicated mission to develop the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine. The company, which has successfully exercised options to increase its ownership in the Nisk project up to 80%, is looking forward as  the next commitment is the delivery of a NI-43-101 Technical report.

Lynch emphasized the technical aspects of the company’s recent strides, highlighting a major nickel sulfide discovery at the NISK site, with an initial NI-43-101 report showing 7.2 million tons. He detailed the exploration plans for 2024, noting that drilling has already yielded promising hits. Lynch expressed strong confidence in the exploration prospects, predicting significant growth potential for the project. He drew comparisons with other notable locations, stating, “We think Lynn Lake with 22 million tons and Voisey’s Bay with 140 million tons are indicators that we will be somewhere between there and who knows how big this thing can be.”

He also explained why Quebec is a prime location for exploring critical minerals, citing three major reasons: the pre-existing infrastructure, the province’s positive relationship with the First Nations, particularly the James Bay Cree, and the attractive fiscal incentives that effectively double the investment capital for exploration and development.

The interview further explored the nuances of the nickel market, where Lynch gave insights into the recent fluctuations and the differentiation between markets within the industry. He remarked on the resilience of nickel demand, despite challenges such as the pandemic and its impact on China’s real estate market. Lynch pointed out the importance of North American Class 1 nickel and the strategic advantage Power Nickel holds, supported by recent investments like Samsung’s in Canada Nickel, which underscore the market’s demand for such resources.

The conversation then shifted to the public’s perception and understanding of Power Nickel. Lynch expressed a wish for greater awareness of the company’s value, emphasizing its position as “the least expensive high-grade nickel sulfide exploration play in the world” and outlined the significant advantages of their potential mining operations in terms of cost and returns. As for the future, Lynch assured that Power Nickel will maintain its commitment to transparency, with upcoming updates on drilling, assays, and a feasibility study that promises to increase nickel recovery rates significantly and add value through the production of iron powder, a by-product of their unique refining process.

The recent news release on March 4, 2024, aligns with Lynch’s discussion, announcing a new discovery within the Nisk project that enriches its prospects. Power Nickel reported further drilling successes, notably intersecting a high-grade PGM (Platinum Group Metals) rich zone, potentially adding significant value to the project. This discovery came from hole PN-24-047, which followed up on the notable Wildcat high-grade PGM intersection and is set to be the basis for a more comprehensive understanding of the mineralization’s extent. Kenneth Williamson, Power Nickel’s VP of Exploration, reflected on this progress with optimism in this news release, stating, “We are even more encouraged to extend what appears to be a very high-grade PGM rich zone laterally from the initial discovery.”

Lynch’s interview and the news release both highlight Power Nickel’s proactive approach to exploration, and the technical advancements the company is making. With the expansion of the historical high-grade nickel-copper PGE mineralization at Nisk, Power Nickel is steadily positioning itself to become a key player in the nickel industry, as it works towards expanding the known high-grade zones and uncovering new potential deposits within its significant land holdings.

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on developing the High-Grade Nisk project into Canada’s first Carbon Neutral Nickel mine.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV). Subsequently, Power Nickel has exercised its option to acquire 50% of the Nisk Project and delivered notice to Critical Elements that it intends to exercise its second option to bring its ownership to 80%. The last remaining commitment to exercise the option was the delivery of a NI-43-101 Technical report which has now occurred. Power Nickel expects to complete the acquisition in February.

The NISK property comprises a significant land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding the historical high-grade nickel-copper PGE mineralization with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

In addition to the Nisk project, Power Nickel owns significant land packages in British Colombia and Chile. Power Nickel is expected to reorganize these assets in a related vehicle through a plan of arrangement.

Power Nickel announced on June 8, 2021, that an agreement had been made to complete the 100% acquisition of its Golden Ivan project in the heart of the Golden Triangle. The Golden Triangle has reported mineral resources (past production and current resources) in 130 million ounces of gold, 800 million ounces of silver, and 40 billion pounds of copper (Resource World). This property hosts two known mineral showings (gold ore and Magee) and a portion of the past-producing Silverado mine, reportedly exploited between 1921 and 1939. These mineral showings are Polymetallic veins containing quantities of silver, lead, zinc, plus/minus gold, and plus/minus copper.

Power Nickel is also 100 percent owner of five properties comprising over 50,000 acres strategically located in the prolific iron-oxide-copper-gold belt of northern Chile. It also owns a 3-per-cent NSR royalty interest on any future production from the Copaquire copper-molybdenum deposit sold to a subsidiary of Teck Resources Inc. Under the terms of the sale agreement, Teck has the right to acquire one-third of the 3-per-cent NSR for $3 million at any time. The Copaquire property borders Teck’s producing Quebrada Blanca copper mine in Chile’s first region.

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Disclaimer: Power Nickel Inc. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Chad Clovis on Real Environmental Benefits through the Karbon-X Carbon Credit App

In a compelling discussion with Critical Minerals Institute (CMI) Director Melissa (Mel) Sanderson at PDAC 2024, Chad Clovis, CEO of Karbon-X Corp. (OTC: KARX), shared insights into the company’s remarkable expansion in the environmental, social, and governance (ESG) sphere, as well as in carbon offsetting initiatives. Under Chad’s leadership, Karbon-X has established itself as a leader in combating climate change, offering a subscription service that enables both individuals and organizations to engage in projects that significantly reduce carbon footprints through its innovative app and website. The company’s notable partnerships with industry giants such as Shell Energy and Drax have been instrumental in broadening its carbon offsetting solutions.

Chad Clovis proudly pointed to the app’s widespread acceptance, with over 17,000 downloads worldwide in less than a year, highlighting Karbon-X’s dual approach to cater to both businesses (B2B) and individual consumers (B2C) in promoting sustainable environmental practices. The success of initiatives like DRILLGREEN, which has attracted over 40 clients, illustrates the company’s effective engagement in environmental stewardship.

Acknowledging the critical views on ESG commitments, Chad emphasized the necessity of making gradual progress through collaboration, advocating a practical stance with the message, “We can’t be all or nothing…It’s about let’s do what we can.” This philosophy is central to Karbon-X’s strategy, aiming to achieve real environmental benefits through its app and various initiatives.

Looking to the future, Karbon-X is excited about launching new ventures, including a biochar project in Liberia and a waste-to-electricity plant in the western Baltics, demonstrating its ongoing commitment to innovative environmental solutions. In a strategic enhancement of its leadership, Karbon-X is thrilled to announce the addition of Brett Hull, a celebrated NHL Hall of Famer, and Justin Bourque, a distinguished indigenous leader in Canada, to its Board of Directors as of February 26, 2024. These appointments signify a pivotal advancement in Karbon-X’s dedication to leading the charge against climate change with cutting-edge carbon offsetting solutions.

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About Karbon-X Corp.

Karbon-X is at the forefront of the fight against climate change, offering a subscription service that allows individuals and organizations to sponsor projects that offset carbon footprints through an innovative app and website. Additionally, Karbon-X provides custom carbon offsetting solutions for businesses and organizations, aiming to make sustainability achievable for all. With a commitment to environmental stewardship and innovation, Karbon-X is dedicated to creating a greener, more sustainable future.

To learn more about Karbon-X Corp., click here

Disclaimer: Karbon-X Corp. is an advertorial member of InvestorNews Inc.

This interview, which was produced by InvestorNews Inc. (“InvestorNews”), does not contain, nor does it purport to contain, a summary of all material information concerning the Company, including important disclosure and risk factors associated with the Company, its business and an investment in its securities. InvestorNews offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This interview and any transcriptions or reproductions thereof (collectively, this “presentation”) does not constitute, or form part of, any offer or invitation to sell or issue, or any solicitation of any offer to subscribe for or purchase any securities in the Company. The information in this presentation is provided for informational purposes only and may be subject to updating, completion or revision, and except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any information herein. This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. This presentation should not be considered as the giving of investment advice by the Company or any of its directors, officers, agents, employees or advisors. Each person to whom this presentation is made available must make its own independent assessment of the Company after making such investigations and taking such advice as may be deemed necessary. Prospective investors are urged to review the Company’s profile on SedarPlus.ca and to carry out independent investigations in order to determine their interest in investing in the Company.




Technology Metals Report (03.08.2024): Chinese Investment in Asia rose 37% in 2023, and the BYD Push in Australia is Underway

Welcome to the latest Technology Metals Report (TMR) where we highlight the top news stories that members of the Critical Minerals Institute (CMI) have forwarded to us in the last week. Key highlights in this Technology Metals Report include the announcement of Australia and Vietnam upgrading their relations to begin talks on critical minerals, focusing on diversifying supply chains away from China. This significant move aims to enhance cooperation in several sectors, particularly in the energy and resources sector, emphasizing the critical minerals supply chain. Both countries, known for their substantial roles in the production and reserves of critical minerals, are looking to strengthen their global supply chain positions amid rising geopolitical tensions and efforts to reduce dependency on China. Additionally, this edition features updates on Chinese investments in Asia, notably in Indonesia, which have surged by 37% in 2023 despite global economic challenges. This growth, largely concentrated in Belt and Road Initiative (BRI) countries, underscores China’s strategic shift towards green energy and mining investments, especially in Southeast Asia.

Moreover, this edition of the TMR delves into several crucial developments in the critical minerals and technology metals landscape. The United States outlined its critical minerals strategy for the clean energy transition, emphasizing the need to secure and diversify supply chains for essential minerals such as nickel, manganese, cobalt, and lithium. The EU’s move to register Chinese electric vehicle (EV) imports for potential retroactive tariffs reflects growing concerns over fair trade practices. Kazakhstan’s emergence as a potential major supplier of lithium, along with investments aimed at expanding lithium operations by companies like Albemarle, highlights the global race to secure essential components for green and digital technologies. Furthermore, the report covers strategic shifts in the supply chain, such as Posco’s agreement with Syrah Resources for graphite supply from Mozambique and Toyota’s multi-pathway approach to CO2 emissions reduction. These stories collectively point to a dynamic and rapidly evolving global landscape for critical minerals and technology metals, underlining the strategic importance of diversification, cooperation, and sustainable development in securing the materials essential for the future of technology and clean energy.

Australia and Vietnam upgrade relations, to begin talks on critical minerals (March 7, 2024, Source) — Australia and Vietnam have elevated their relations to a comprehensive strategic partnership, announced by Australian Prime Minister Anthony Albanese. This upgrade includes an annual dialogue on minerals, focusing on diversifying supply chains away from China. The partnership aims to enhance cooperation on climate, environment and energy, defense and security, and economic engagement and education. Additionally, it will foster collaboration in the energy and resources sectors, especially in critical minerals supply chains. Both countries, significant in the production and reserves of critical minerals, seek to strengthen their positions in global supply chains amid rising tensions and efforts to reduce dependency on China. This move also signifies Vietnam’s success in “bamboo diplomacy,” enhancing its relations with major global powers. The partnership reflects a deep mutual political trust and commits to expanded cooperation across various sectors, marking a milestone in the bilateral relationship between Australia and Vietnam.

Chinese investment in Asia rose 37% in 2023, led by Indonesia (March 7, 2024, Source) — In 2023, Chinese investment in the Asia-Pacific region surged by 37% to nearly $20 billion, outperforming global trends amid economic challenges. Construction contracts also grew by 14% to about $17 billion, supported by Chinese loans. This contrasts with a 12% decrease in foreign direct investment into Asia’s emerging economies. The investment was predominantly in Belt and Road Initiative (BRI) countries, focusing on infrastructure that connects Asia to Europe. Non-BRI country investment plummeted by 90% to a mere $120 million. Notably, investment strategies shifted towards green energy and mining, with 50% of China’s regional investment directed towards Southeast Asia, and Indonesia receiving the largest share at $7.3 billion. However, certain countries like the Philippines and Pakistan saw significant drops in Chinese engagement due to political and economic risks. The report anticipates a further increase in Chinese investment and construction, especially in green transition initiatives and strategic infrastructure projects, despite China’s own economic challenges.

Under Secretary Jose Fernandez Discusses U.S. Critical Minerals Strategy for Clean Energy Transition (March 6, 2024, Source) — Under Secretary Jose W. Fernandez discussed the U.S.’s strategy for securing and diversifying the supply chain of critical minerals crucial for the clean energy transition in a conversation with InvestorNews’ Tracy Weslosky. Highlighting minerals like nickel, manganese, cobalt, and lithium, Fernandez underscored efforts to expand their supply and engage with countries possessing these resources through concrete projects, investment, and financing. He emphasized the challenge of reducing dependency on China, which currently controls a significant share of these minerals, pointing out the strategic vulnerability this poses. Fernandez stressed the importance of adhering to values such as environmental respect, community collaboration, and transparency in these endeavors. Despite slow progress, the U.S. aims to not only secure but also ethically source these minerals to support the global shift towards clean energy.

EU set to allow possible retroactive tariffs for Chinese EVs (March 6, 2024, Source) — The European Commission will start registering Chinese electric vehicle (EV) imports for potential retroactive tariffs, in response to an anti-subsidy investigation. This investigation aims to determine if Chinese EVs benefit from unfair subsidies, potentially harming EU producers. If found guilty, tariffs could be imposed, with provisional duties possible by July and a final decision expected by November. The Commission has found preliminary evidence of subsidy and a significant 14% year-on-year increase in imports since the investigation began in October, suggesting potential harm to EU producers. The China Chamber of Commerce expressed disappointment, attributing the import surge to growing European demand for EVs.

Kazakhstan positions itself for lithium windfall (March 6, 2024, Source) — Kazakhstan is emerging as a significant potential supplier of lithium, crucial for power-storage technology, with reserves estimated at around 75,600 tons. Research by the Korea Institute of Geoscience and Mineral Resources highlighted substantial reserves in eastern Kazakhstan, potentially worth up to $15.7 billion. This discovery, along with European interest in Kazakhstan’s critical raw materials, underscores the country’s growing importance in the global lithium market. The European Commission and European Bank for Reconstruction and Development have allocated funds for lithium exploration, highlighting the strategic value of Kazakhstan’s resources amidst increasing global demand. With investments from various countries, including China and potentially European entities, Kazakhstan is set to play a crucial role in the lithium supply chain, essential for green and digital technologies.

BYD spearheads Chinese electric car push in Australia, a friendlier market (March 5, 2024, Source) — BYD and other Chinese automakers are making significant inroads into the Australian electric vehicle (EV) market, leveraging the friendly trade environment and benefiting from the government’s aggressive EV adoption policies under Prime Minister Anthony Albanese since 2022. With no trade barriers, EV subsidies, and tax benefits, EV sales in Australia have soared, with EVs making up 7.2% of new car sales in 2023. BYD, supported by Warren Buffett, has quickly captured 14% of Australia’s EV market since its entry in 2022, trailing only behind Tesla. The company plans to expand its product lineup and dealership network in Australia, aiming for mainstream market penetration. Similarly, SAIC Motor under its MG brand is set to launch new models. Incumbent automakers like Ford and Toyota are also adapting, introducing electrified vehicles to compete. Despite being a relatively small market, Australia’s lack of local car manufacturing and openness to international trade make it an attractive destination for Chinese EV manufacturers, especially given the geopolitical tensions in other key markets.

Canada and Australia boost collaboration on critical minerals (March 4, 2024, Source) — Canada and Australia have committed to enhancing their cooperation on critical minerals, vital for battery production and clean energy transition, according to a joint statement released on the margins of the PDAC conference in Toronto. Both countries, rich in these essential minerals, aim to bolster their partnership through R&D collaboration, trade, and investment in the mining sector based on a non-legally binding agreement. This collaboration seeks to ensure supply chain transparency and promote high Environmental, Social, and Governance (ESG) standards globally. The initiative will be spearheaded by Canada’s Natural Resources Ministry and Australia’s Critical Minerals Office, focusing on policy and investment coordination to support the burgeoning demand for these minerals in the upcoming decades.

Albemarle (ALB) Accelerates Lithium Growth With $1.75B Offering (March 4, 2024, Source) — Albemarle Corporation (NYSE: ALB) announced a $1.75 billion offering in depositary shares, each representing a 1/20th interest in Series A Mandatory Convertible Preferred Stock, with a potential additional offering of $262.5 million under certain conditions. The proceeds are intended for general corporate uses, notably to fund growth capital expenditures for expanding lithium operations in Australia and China, as well as repaying outstanding commercial paper. The depositary shares will carry rights and preferences similar to the Preferred Stock, including conversion into common stock on or around March 1, 2027. Despite a 52.1% decrease in Albemarle’s share price over the past year, the company forecasts a 10-20% increase in Energy Storage volumes for 2024, with expected net sales in its Specialties and Ketjen segments ranging from $1.3 to $1.5 billion and $1 to $1.2 billion, respectively.

Posco to source 60,000 tons of graphite from Africa in pull away from China (March 3, 2024, Source) — Posco Future M, a subsidiary of Posco Group, is shifting its supply chain for natural graphite, a crucial battery material, away from China towards Africa. This move is highlighted by a new deal with Australian mining firm Syrah Resources Limited (ASX: SYR), which will provide Posco Future M with up to 60,000 tons of natural graphite annually for six years from its Mozambique Balama operation, starting no later than 2025. This supply is expected to cover 40% of Posco Future M’s anode production, translating to about 30,000 tons of anodes. The agreement comes amid concerns over China’s control over graphite exports, potentially as leverage against international policies such as the U.S.’s Inflation Reduction Act. Posco’s decision reflects a broader strategy to diversify supply sources and reduce dependency on China, amid rising geopolitical tensions and supply chain vulnerabilities.

Total EV Adoption Is Not The Way Forward, Says Toyota Chairman (March 3, 2024, Source) — Akio Toyoda, Toyota’s Chairman, expresses skepticism towards full adoption of battery electric vehicles (BEVs), arguing they will not dominate the market beyond a 30% share despite other markets already exceeding this percentage. In a presentation in Tokyo, he emphasized a multi-pathway approach to combating CO2 emissions, suggesting that consumer choice should drive the future of automotive powertrains rather than regulations. Toyota plans to focus on a diverse range of technologies including internal combustion engines, hybrids, and hydrogen vehicles, alongside BEVs. Despite the global push towards electric vehicles, with countries like Norway showing an 80% market share for EVs, Toyoda’s stance reflects a broader strategy to embrace multiple solutions for emission reduction. This perspective aligns with Toyota’s goal to comply with future regulations and its commitment to sell 1.5 million EVs by 2026, while also investing in alternative technologies like e-fuels.

Kazakhstan plans to export aluminum, gallium and scandium to the US (March 1, 2024, Source) — Kazakhstan is aiming to strengthen its trade ties with the United States by proposing to export aluminum, gallium, and scandium. This initiative was unveiled during Minister of Industry and Construction Kanat Sharlapayev’s official visit to the U.S., focusing on promoting Kazakhstani interests globally and expanding cooperation in critical materials. In addition to these exports, Kazakhstan is offering tolling services and exploring the production of other precious minerals like wolfram, cobalt, lithium, and titan, aiming to discuss long-term contracts and investment support. The country, which processes 17 of the 50 minerals critical to the U.S. economy, already exports several strategic minerals to American companies. Sharlapayev’s visit also involved meetings with leading American companies to discuss opportunities in industrial production and geological exploration. The talks highlighted the potential for joint projects in various sectors, including infrastructure development and technology, with the U.S. International Development Finance Corporation expressing interest in deepening cooperation with Kazakhstan.

Chinese money still chasing Canadian critical mining deals despite Ottawa’s scrutiny (February 27, 2024, Source) — A year after Canada tightened its foreign investment rules for the critical minerals sector to enhance national security, Chinese investments continue to flow into Toronto-listed mining companies, as per research by the University of Alberta. Despite Canada forcing three Chinese investors to divest their stakes in 2022 and increasing scrutiny on foreign deals, especially in critical minerals, investments from China and Hong Kong surged to C$2.2 billion in 2023, a significant leap from C$62 million in 2022. This influx is buoyed by the perception that Canada remains open to Chinese investments, with junior miners finding it easier to secure funding. The critical minerals sector, vital for Canada’s national security, has seen Chinese entities actively investing, notably in copper assets. For instance, MMG Africa Ventures acquired a copper mine for C$1.7 billion, and Jiangxi Copper Co increased its stake in First Quantum Minerals Ltd. (TSX: FM). Some Canadian miners are lobbying for more Chinese investments due to difficulties in raising capital elsewhere, despite the government’s stringent stance on safeguarding critical resources.

Investor.News Critical Minerals Videos:

  • March 08, 2024 – Mark Chalmers on Energy Fuels as a Profitable Uranium Producer in the U.S. https://bit.ly/3P9nl1J
  • March 07, 2024 – Critical Metals Russell Fryer on Copper and Cobalt Plans for Production in 2024 https://bit.ly/43bGYvJ
  • March 06, 2024 – Under Secretary Jose Fernandez Discusses U.S. Critical Minerals Strategy for Clean Energy Transition https://bit.ly/433yBSZ

Critical Minerals IN8.Pro Member News Releases:

  • March 8, 2024 – F3 and Traction Begin Drilling to Locate Source of Radioactive Boulders https://bit.ly/436k09t
  • March 7, 2024 – American Clean Resources Group Commits to Transfer Federal Tax Credits to Investors to Accelerate the Development of Its Renewable Energy Assets https://bit.ly/3wCIjzu
  • March 6, 2024 – Halleck Creek Project Update https://bit.ly/3InYYJV
  • March 6, 2024 – Karbon-X Announces Appointment of Brett Hull and Justin Bourque to its Board of Directors https://bit.ly/3TpdYxt
  • March 5, 2024 – Panther Metals PLC – Australia: Coglia Nickel-Cobalt Mineral Resource Exceeds 100Mt https://bit.ly/3IptcMI
  • March 5, 2024 – Panther Metals PLC – Obonga: Extension of Purchase Agreement https://bit.ly/3TmYLge
  • March 4, 2024 – Ucore Progresses Through Heavy Rare Earth Processing as It Completes Second Milestone of Strategic US DoD Contract https://bit.ly/3uSunkx
  • March 4, 2024 – First Phosphate Corp. Receives Mining Research and Innovation Grant from Quebec Ministry of Natural Resources https://bit.ly/3Iny84z
  • March 4, 2024 – Voyageur Pharmaceuticals and API Forge Alliance for Carbon-Based Imaging Drug Advancement https://bit.ly/3wBuem6
  • March 4, 2024 – Defense Metals Ships Mixed Rare Earth Carbonate Samples to two major REE companies https://bit.ly/43iwmLT
  • March 4, 2024 – Power Nickel Defines Initial Volume on its High-Grade Cu-Pt-Pd-Au-Ag Zone 5km Northeast of its Main Nisk Deposit https://bit.ly/3TiZNde