Sign In  |  Register  |  About Walnut Creek Guide  |  Contact Us

Walnut Creek, CA
September 01, 2020 1:43pm
7-Day Forecast | Traffic
  • Search Hotels in Walnut Creek Guide

  • CHECK-IN:
  • CHECK-OUT:
  • ROOMS:

Soaring demand for battery metals could ignite the cobalt mining industry in North America and benefit mining companies like Fuse Cobalt Inc. ($FUSEF)

The new U.S. Inflation Reduction Act places a $370 billion bet on alternative mineral supply chains in an effort to reduce dependencies on China and boost battery metal supply chains in North America. Cobalt is one of the most critical minerals needed for clean energy technology, as it is a necessary component in EV batteries. As the demand for green energy expands, so does the demand for cobalt and mining companies such as FUSEF could benefit from it rewarding early investors.

The new U.S. Inflation Reduction Act places a $370 billion bet on alternative mineral supply chains in an effort to reduce dependencies on China and boost battery metal supply chains in North America (27). Tesla (NASDAQ:TSLA) is the industry pioneer in Electric Vehicles (EV). Ford (NYSE:F), General Motors (NYSE:GM), Lucid Group Inc (NASDAQ:LCID), Nikola Corp (NASDAQ:NKLA), Volkswagen (OTC:VWAGY) and other carmakers are also pushing ahead with plans to capitalize on the growing consumer preference for electric cars creating a strong demand for battery metals and mining companies.

One company that could be potentially well positioned for this unprecedented opportunity is Fuse Cobalt Inc. (OTCQB: FUSEF) (TSX: FUSE) and here’s why

  1. Demand for battery metals to jump 500% by 2050. (37)
  2. Early indications are that Canada offers multiple encouraging deposits with opportunities to supply the North American Electric Vehicle supply chain.
  3. Mercedes-Benz and Volkswagen are teaming up with Canada in a battery materials push to secure access to cobalt supply in North America. (31)
  4. The Biden administration is looking at funding Canadian mining and metals companies, as the new climate law sends U.S. automakers scrambling to find new sources of raw materials for electric vehicles.(28)
  5. Fuse Cobalt Inc. (OTC: FUSEF) (TSX: FUSE) is planning an aggressive drilling exploration program on one of its key targets. These drill targets have already produced results that indicate further work is warranted. Drilling should begin by mid-September.(3)

Fuse Cobalt Inc. (OTCQB: FUSEF) (TSX: FUSE) has already surpassed several early milestones and has mining exploration properties located in “mining friendly” jurisdictions, close to water, power, and a skilled labor force that have been accommodating to mining. Fuse Cobalt has a working agreement with the world’s largest mining company, Glencore, and is located within a kilometer of a soon-to-be refurbished cobalt refinery (17).

It’s no secret that the demand for green energy is on the rise. The trend can be seen across the globe as international governments make commitments to clean energy and automakers commit to phase out carbon emissions vehicles. Cobalt is one of the most critical minerals needed for clean energy technology, as it is a necessary component in EV batteries. As the demand for green energy expands, so does the demand for cobalt and mining companies such as FUSEF could benefit from it rewarding early investors.

Click HERE to read more about FUSEF

Video Link: https://www.youtube.com/embed/gStq0kH0pgI

 

Other mining stocks to consider would be Sigma Lithium Corp. (SGML), Piedmont Lithium Inc. (PLL) and Albemarle Corp. (ALB).

 

Sources:

3: https://fusecobalt.com/wp-content/uploads/2022/07/factsheet.pdf

17: https://fusecobalt.com/info3/

27: https://www.atlanticcouncil.org/blogs/energysource/the-inflation-reduction-act-places-a-big-bet-on-alternative-mineral-supply-chains/

28: https://www.eenews.net/articles/biden-admin-eyes-funding-canadian-mining/

31: https://money.usnews.com/investing/news/articles/2022-08-23/volkswagen-teams-up-with-canada-in-battery-materials-push

37: https://www.northernminer.com/news/demand-for-battery-metals-to-jump-500-by-2050/1003816784/

Disclaimer: InvestorBrandMedia is not operated by a licensed broker, a dealer, or a registered investment adviser. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. Our reports/releases are commercial advertisements and are for general information purposes ONLY. We are engaged in the business of marketing and advertising companies for monetary compensation. Never invest in any stock featured on our site or emails unless you can afford to lose your entire investment. The information made available in this article is not intended to be, nor does it constitute investment advice or recommendations. The contributors may buy and sell securities before and after any particular article, report, and publication. In no event shall InvestorBrandMedia be liable to any member, guest, or third party for any damages of any kind arising out of the use of any content or other material published or made available by InvestorBrandMedia ., including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information in this video, article, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. InvestorBrandMedia.com strongly urges you to conduct a complete and independent investigation of the respective companies and consideration of all pertinent risks. Readers are advised to review SEC periodic reports: Forms 10-Q, 10K, Form 8-K, insider reports, Forms 3, 4, 5 Schedule 13D. For some content, Investor Brand Media, its authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. As part of that content, readers, subscribers, and website viewers are expected to read the full disclaimers and financial disclosures statement that can be found on our website by visiting InvestorBrandMedia.com/Disclaimer. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quotes; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor’s investment may be lost or impaired due to the speculative nature of the companies profiled. InvestorBrandMedia has been compensated one thousand six hundred and seventy five dollars by a 3rd party Bullyzeye Media LLC for content, research, dissemination, and syndication, web push advertisement services pertaining to FUSEF from 10/02/2022 to 10/07/2022. We own zero shares of FUSEF.

Media Contact
Company Name: Investor Brand Media
Contact Person: Ash K
Email: investorbrandmedia@gmail.com
Country: United States
Website: https://investorbrandmedia.com/


Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.
 
 
Copyright © 2010-2020 WalnutCreekGuide.com & California Media Partners, LLC. All rights reserved.