Hybrid vehicles & global sustainability with New Age MetalsBNN Bloomberg published an article this morning on New Age Metals' flagship River Valley primary PGM project in Ontario, and lithium division and how this positions the company as a key player in the growth of HEVs and lowering CO2 emissions.
The articles discusses how NAM is anticipating the continued strength in demand for palladium and the general forecast for lithium demand.
The company recently had a preliminary economic assessment completed on River Valley, projecting a mine with a 14-year lifespan, 6 million tonnes annually of potential process plant feed at an average grade of 0.88 g/t PdEq and a process recovery rate of 80 per cent, resulting in an annual average payable PdEq production of 119,000 ounces.
Read the article here: https://www.bnnbloomberg.ca/increasing-popularity-of-hybrid-vehicles-aiding-global-push-for-sustainability-1.1313981
Learn more about the company here: https://newagemetals.com