EVs Will Inevitably Take Over the World Lithium will power the future of transportation. And with lithium already experiencing a supply crunch even though it only accounts for around 10% of total new vehicle sales, if government goals are to be hit (for example all new cars sold in Canada must be electric/non ICE by 2035), there’s going to be a lot more upward price movement for lithium and factories are going to require a lot more supply of the element.
https://www.canada.ca/en/environment-climate-change/news/2022/12/let-it-roll-government-of-canada-moves-to-increase-the-supply-of-electric-vehicles-for-canadians.html
SCV owns over 14,000 acres in the highly prospective Clayton Valley and Jackson Valley in Nevada. Their properties are adjacent/in proximity to the only actively producing lithium mine in the US which signals the potential resources that might be underground as they explore/drill their properties.
- Drilling is continuing at their Macallan East project with thirty-three segments from the second hole being taken for greater analysis.
- Leading the company is a number of experienced individuals in the field which is always good to see.
- They have one of the largest land packages in Clayton Valley surpassing companies like Cypress, Noram, and Enertopia despite having the lowest market cap among them.
Considering how the lithium market is expected to boom and automotive manufactures are planning on spending an excess of $1.2T on EVs, SCV’s positioning with their properties is second to none.