Batteries are continuing to be the most in-demand piece of technology across the world as everything seems to be going wireless alongside the EV and renewable energy revolution. One of Tesla’s suppliers realized 93% net income growth YOY due to EV manufacturers demanding far more cells over the past year than ever before.
https://www.teslarati.com/tesla-supplier-catl-income-increase-ev-market-domination/amp/
$EMIN.C just acquired 100% ownership in the Nova Energia property from Talisman Ventures, providing an additional 8,631 hectares surrounding their current 3,500-hectare property and increasing their total Minas Gerais “lithium valley” holdings to nearly 34,000 hectares, making them one of the largest landholders in the province.
- Recent results from the previous sampling also confirmed lithium in 90% of the soil samples and 100% of the rock chip samples.
- They found up to 154 ppm of lithium, and 100% of the samples also contained 16/17 TREE elements.
https://ca.finance.yahoo.com/news/spark-energy-minerals-acquires-nova-145500051.html
With these results being from the original 3,500 hectares, which they just surrounded with an additional 8,631 hectares, there could be a lot of potential underground lithium deposits as they plan to break ground and drill in the near future. Definitely keep an eye out, especially at the current $6.5M valuation.