Bullboard - Stock Discussion Forum Imagine Lithium Inc. ARXRF

Primary Symbol: V.ILI

Metals & Mining Industrial Metals & Minerals

Imagine Lithium is an exploration company advancing its Jackpot Lithium Project in Nipigon, Ontario. The project has a historic resource of 2M tonnes at 1.09% Li2O and 750kt @ 1.38% Li2O. The 2022 drill program was to increase the size of the historical resource. The results of the 2022 campaign will be combined with the extensive historical data and included in a first resource estimate in... see more

TSXV:ILI - Post Discussion

Imagine Lithium Inc. > The race to secure lithium supplies for EV production is on

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Post by topgun on May 26, 2023 11:56am

The race to secure lithium supplies for EV production is on

THIS article taken from NILI.V board. Very interesting read.-- With GM's investment into Lithium Americas (LAC) and Ford's agreement with Albemarle (ALB) to secure lithium hydroxide for ~3M Ford Evs, the race to secure lithium supplies for EV production is on.

(Source: https://www.prnewswire.com/news-releases/albemarle-establishes-strategic-agreement-with-ford-motor-company-301830403.html)

The growing demand for EVs in the US has spurred interest in regionalizing supply chains for greater security, sustainability and lower costs given the demand forecasted to become a major force growing at least 30 times by 2040, quickly outpacing supply.

Plus, the lag between commodity price signals and changes in supply is widening, hinting at an incoming commodities super cycle and creating a significant market opportunity for companies like Surge Battery Metals (NILI.v NILIF), which is strategically positioned to take advantage with its diverse portfolio of claims across BC and Nevada.

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