European Metals Holdings CDI ERPNF

RE:RE:RE:New position

[metalhead666]

Yep, it's changing at warp speed.  I stay away from graphite and the other battery metals for this very reason. For my time frame...the next 3-5 years...there's no substitute for lithium.  Europe is also the place to be. They are way ahead of the US in rolling out EVs and building battery plants and you just can't beat a government mandate that 80% of all the lithium used in European gigafactories must come from Europe by 2025. Europe has billions available for funding local sources, is going to demand life cycle green certification both of which are huge tailwinds for European Metals and Vulcan Energy Resources.  There were projects in Portugal, Spain and Slovenia that aren't going forward too...that leaves only European Metals and Vulcan as providers. There's a couple of small players but they aren't noteworthy...one in Austria, one in Germany next door to European Metals and one in the UK...might be a bit in Norway or Sweden too but none of the scale needed to meet European demands. 

I've done a lot of research and honestly cannot find a single red flag with these two bets. We still have to get through the feasibility studies and permitting but I see no issues there.  Financing should be easy too with a lot of government subsidies and grants. 

I only own 3 stocks now...European Metals, Vulcan and Taseko for copper exposure and their Florence project. I have minimum 5x bagger targets for each. The only risk I see would be market risk...if we had a crash or bear market...but if the price of these should drop in a market event I'd gladly double down.

Did you see the latest announcement by GM and Ford?  "All in" EVs with GM promising 30 models by 2025.  Auto makers are throwing billions and billions into this EV revolution...there's no going back and someone is going to supply the raw materials for this massive movement.  I think my 3 picks can't fail at this point.