Bullboard - Stock Discussion Forum Spark Energy Minerals Inc C.EMIN

Alternate Symbol(s): MTEHF

Metals & Mining Gold Industrial Metals & Minerals

Spark Energy Minerals, Inc. is a Canadian company pursuing battery metals and mineral assets with interests in Brazil. The Company’s projects include Minas Gerais Property, Brazil and Area Peers (The MG Property), Ceara Property, Brazil and Area Peers (The CE Property) and Rio Grande do Norte Property, Brazil and Area Peers (The RN Property). The MG Property comprises over 23 mineral claims... see more

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Spark Energy Minerals Inc > VW Building Its First NA Battery Cell Plant

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Post by Justdosomedd on Dec 02, 2022 1:44pm

VW Building Its First NA Battery Cell Plant

As countries start to bring more manufacturing in-house for EVs, especially the growing trend in NA, there’s a significant market for mining companies in the NA/SA energy metal industry to take advantage of this growth. For example, Volkswagen just announced that they’re committing to exploring Canada for its first battery gigafactory in NA, and GM just signed an agreement with Vale SA for nickel sulphate for battery production in their new EVs, and it’s just the beginning. Only a minority of cars being produced are electric so as that market share continues to rise, mining companies in the sector are especially poised to take advantage of the growth.

https://www.theglobeandmail.com/business/industry-news/energy-and-resources/article-volkswagen-signs-battery-deals-with-belgiums-umicore-canadian/?fbclid=IwAR0lLGtG4WHamWSbf3pGKWfr1YfMWGehnKQtR9Hur4aVR7B95z5O9F5Mcpk

It’s extremely important that new mines can be created to satisfy the demand, STAG's portfolio of Brazilian and Canadian properties makes it especially interesting considering the potential. Overall, with the recently closed equity raise, the company is all cashed up and ready to begin the exploration of its newly acquired properties. I’ll be looking to see what sort of results they can produce especially with the current $1.6M valuation/.