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Biden Calls for Half of All U.S. Automobile Sales to be Battery-Powered by 2030!
His word triggers urgent need for North American lithium and nickel production!
Investors take note: This is going to be big!Demand for key battery metals, lithium, and nickel, is already soaring globally. Now, Biden’s sweeping move projects to a 16-fold leap in the U.S. need for electric vehicle batteries! Something has to give… and when it does, it’s likely to propel enormous changes in the market! You can be ready, if you act swiftly.
Expect a stunning pace of change… and opportunity as well!Prior to the pandemic, US auto sales in the previous five years eclipsed 17 million vehicles annually… at its peak it passed $140 billion in a single year! However, only 3% of U.S. sales today are electric! From this starting point and fueled by federal initiatives that include billions in EV infrastructure buildup, the domestic need for critical EV battery metals is staged to rocket. You’ll want to get in front of this right now!
An Urgent Report to the Opportunity-Seeking Investor:The U.S. electric vehicle industry is in its infancy, but its growth potential is simply staggering, probably unlike anything we’ve seen in our lifetimes. As enormous wealth building opportunities emerge from this unfolding scenario, one opportunity stands out as both immediate and urgent. American auto manufacturers can rise to meet Biden’s target, but only if electric vehicle batteries can be found. For that to happen, those key metals, lithium, and nickel must be found first. There’s no waiting to see what happens next; this is something you can act on immediately with a generous expectation for quick returns. The foundation of this opportunity is simple to understand…
The domestic EV battery market is set to soar as U.S. auto manufacturing rockets to an astonishing 185% annual growth target by end of the decade!This is unprecedented. The federal government, led by President Biden’s EV initiative, is set to pour billions into domestic EV charging infrastructure. Batteries could be the fastest-growing market we’ll see in our lifetimes!
185% annual growth! And it’s just getting launched today! Count your blessings and act fast!
“Nickel is our biggest concern for scaling lithium-ion cell production.”
— Elon Musk, 2-25-21It should be a big concern for all U.S. auto manufacturers, not just Tesla! Of all the world’s nickel production comparably, little is produced anywhere in the United States or Canada.
“You have, essentially, a [nickel] market that will grow exponentially in size…,” said Michael Widmer, head of metals research at Bank of America Merrill Lynch.As alarming as those sounds, what’s even more alarming to U.S. automakers is that the vast majority of global nickel production today is controlled by Chinese and Russian entities. That places a huge premium on the importance and potential value of securing domestic nickel production. In fact, it can be projected that the United States could avoid a shocking nickel supply crisis in the not-too-distant future as nickel deposits like those being explored by Recharge Resources (TSXV:RR) (OTC:SLLTF) are proven to market. Prior to President Biden’s EV announcement, demand forecasts for lithium, nickel, and cobalt resources were already robust. In 2019, projected metal requirements for EV batteries pre-Biden was:
17 kt for lithium, 14.4 kt for cobalt, and 65 kt for nickel. By 2030, those numbers project a 1,088% increased need for lithium, 625% for cobalt, and a whopping 1,423% for nickel!
Add in Biden’s call for a 16.6-fold leap in domestic EV sales… these percent gains could be hugely underestimated!
No need to wait for mining to begin… shareholder value moves first when resources are discovered and reported.Keep in mind… Recharge Resources (TSXV:RR) (OTC:SLLTF) shares will be fueled by what the company discovers and reports from its current exploration projects. Not a single ounce of nickel (nor lithium) need be mined to send Recharge Resources shares soaring on favorable news releases. That’s why it is vitally important that if you wish to profit from what appears to be a pending nickel resource boom, you should launch your due diligence without delay. Here’s where to start. A highly informative investor presentation can now be downloaded from the Recharge Resources website. Consider jumping straight to that through the link provided at the bottom of this report. How fast could this take off? Consider how quickly and how high share prices launched for the lithium exploration company, Millennial Lithium. Millennial Lithium illustrates two important market considerations: How in-ground resources, in this case, lithium, are valued before being mined and how aggressively this market is targeting and forward pricing those resources. China, of course, is driving the buyouts. In March of last year, Millennial Lithium traded at around a $0.52 USD low. News of its Argentinian government licenses to proceed with project development became the launch point for a share price run that peaked over $3.60 USD in roughly nine months. Seven months later, China moved in with a $280 million all-cash offer. Investors who bought and held their position through the rush saw a 692% share price gain in just over a year! This leads to a discussion of the investor potential in Recharge Resources’ Georgia Lake lithium projects located in the Thunder Bay Mining Division in northwest Ontario.
“In 2019, Chinese chemical companies accounted for 80 percent of the world’s total output of raw materials for advanced batteries. China controls the processing of pretty much all the critical minerals — rare earth, lithium, cobalt, and graphite. Of the 136 lithium-ion battery plants in the pipeline to 2029, 101 are based in China.”Please note that China is now moving hard on nickel as well… the metal that Tesla CEO, Elon Musk, says is most important for scalable production! The IER goes on to report that China controls an astonishing 65% of global nickel production. What’s more, IER forecast updates foresee significant nickel shortages following Joe Biden’s recently announced American EV fleet objectives!
“China controls 65 percent [of global nickel production]. Electric vehicles account for about 7 percent of overall nickel consumption today, but that would skyrocket under plans to electrify vehicles as proposed by Joe Biden.”And did you notice the mention of cobalt? Recharge Resources (TSXV:RR) (OTC:SLLTF) is now locking in resource potential for future North American production of this essential battery metal. When you download the company’s Investor Presentation, you’ll note that cobalt is listed as a company-targeted resource. Recapping… Lithium, nickel, and cobalt appear staged for a historic bull market. Current production levels of these key battery metals, particularly in North America, appear nowhere near adequate to meet future needs. As you launch your due diligence into Recharge Resources (TSXV:RR) (OTC:SLLTF), you’ll likely find that these metals barely exist in North American mining activities. This situation must change quickly and radically if U.S. automakers are to avoid being beholden to foreign interests, China most prominently. It can’t happen soon enough! America is launching the largest ground-up infrastructure program since Eisenhower’s interstate highway initiative. Over the coming years, billions will be spent on building out a nationwide charging station infrastructure that can pump power to the batteries these cars need to run. And as Biden’s 50% EV sales figure is reached, the number of EVs on American highways will soar, fueled not by petrol and diesel, but by lithium, nickel, and cobalt! All this forecasts one thing, a North American lithium, nickel, and cobalt mining boom of stunning scale! It’s time to get in front of this. Fortunes appear ready for collecting. For the U.S. auto industry to remain strong and independent, companies like Recharge Resources stand to be critical at uncovering new and dependable battery metal resources essential for a future dominated by electric vehicle batteries. There’s no reason for America to grow dependent on a new “OPEC” of hostile resource producers. North America holds abundant untapped resources. The exploration companies like Recharge Resources that identify and bring these metals to production stand to create fortunes for investors who make the right moves today. For now, focus on lithium and nickel. (Cobalt is down the road.) As for these two metals, there’s a land rush building to secure the top production sites in North America. One thing seems clear… global demand for all these critical battery metals could very well outstrip all current forecasts. In other words, a massive bull market in these metals may be forming that simply dwarfs anything currently predicted. Investors who make the right moves quickly stand to make fortunes.