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Generation Mining Ltd T.GENM

Alternate Symbol(s):  GENMF

Generation Mining Limited is a Canada-based exploration and development company. The Company's focus is on the development of the Marathon Project, a large undeveloped palladium-copper deposit in Northwestern Ontario. The Marathon Project is 100% owned by Generation PGM Inc. (Generation PGM), a wholly owned subsidiary of the Company. The Marathon Project is located along the Trans-Canada Highway in Northwestern Ontario and covers a land package of approximately 22,000 hectares. The Marathon Project is estimated to produce about 2,122,000 ounces of palladium, 517 million pounds (lbs) of copper, 485,000 ounces of platinum, 158,000 ounces of gold, and 3,156,000 ounces of silver.


TSX:GENM - Post by User

Post by Sacks45on Jun 16, 2022 6:14pm
95 Views
Post# 34762899

At best 50% by 2030 in the USA

At best 50% by 2030 in the USA That's probably 10% of the whole world and it's not attainable Volkswagen AGs top US executive said on Thursday the United States faces major challenges in ramping up battery production to facilitate a shift to electric vehicles including attracting skilled workers, mining for key metals and supply chain issues. Scott Keogh, chief executive of Volkswagen Group of America, told an Automotive News forum in Washington that the move to EVs is the single biggest industrial transformation in America. SIGN UP FOR THE BATTERY METALS DIGEST Automakers and battery companies are committing tens of billions of dollars to building new battery plants and EV assembly plants throughout North America as they scale up electric vehicle production. This move, focusing on vehicles powered by advanced new batteries rather than gasoline, requires the United States to overcome a series of challenges, Keogh said. These challenges include attracting enough skilled workers, dramatically boosting and facilitating US mining for critical minerals to produce the lithium batteries for EVs, supply chain issues and more broadly addressing healthcare, education and infrastructure, Keogh said. Keogh told Reuters on the sidelines of the forum that potentially hundreds of thousands of people could be employed by 2030 in US battery Keogh estimated that the United States is making 150,000-200,000 batteries a year and that seven years from now we need to be making 8.5 million batteries annually. This is a scale of investment that honestly is going to make the industrial revolution look like a cake walk. Its massive, Keogh said. Keogh also said the United States needs to do more to boost manufacturing capacity. The US manufacturing sector has fallen from than 17 million jobs in 2000 to 12.8 million today, which has rebounded to about pre-covid-19 pandemic levels. We need to build a collective ecosystem turning America into a manufacturing society again. I think America has become a service economy, Keogh said. The challenge of getting somebody whos been working at a Starbucks taking 20-minute breaks, smoking a cigarette out back and is now jumping into a factory is a whole new world. Keogh said long shifts for factory workers are much different. This is brutal, difficult, challenging work, Keogh said. (By David Shepardson; Editing by Will Dunham)
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