Canadian Gov $1.2B EV Chargers, QMC 1.2M Tons!QMC Welcomes Canada's New EV Mandate
V.QMC | December 21, 2023
Vancouver, British Columbia--(Newsfile Corp. - December 21, 2023) - QMC Quantum Minerals Corp., (TSXV: QMC) (FSE: 3LQ) (OTC Pink: QMCQF) ("QMC" or "the Company") praises the Canadian Government's new Electric Vehicle Availability Standard ("EV Mandate") announced on December 19. The EV mandate revealed by Honourable Steven Guilbeault, Minister of Environment and Climate Change, will gradually increase the number of zero-emission vehicles ("ZEVs") until they account for 100% of new car sales in 2035, thereby eliminating the sale of conventional internal combustion vehicles in Canada. The Canadian Federal Government will also invest $1.2 billion to build 84,500 chargers across the country by 2029, expanding the infrastructure. Automotive and battery manufacturers, such as Northvolt, Volkswagen and Stellantis, have already invested more than $34 billion toward establishing a battery supply chain in Canada.
https://qmcminerals.com/
With a shaft already drilled and a historic (non NI 43-103 compliant) resource estimate of 1.2 million tons grading 1.51% Li20 over a strike length of 365 metres (1,200 ft) and to a depth of 213 metres (700 ft), the mine was ready to go into production in 1956. The project is expected to be QMC’s first mine to reach production, with the potential for 5M+ tonnes ($2B+ of lithium concentrate).
Mkt cap
7.69M