Fortune Minerals Ltd T.FT

VW, Mercedes sign MOUs with Canada

[Allman]

Canada’s battery minerals sector has secured promising agreements from two German automakers. Volkswagen and Mercedes, under Memorandums of Understanding, are now engaged in further talks to receive priority access to Canadian critical battery minerals. ...
Flavio Volpe, president of the Automotive Parts Manufacturers’ Association, called the agreements “a fourth-dimensional chess move” by the federal government, adding that it was “the most significant thing that’s happened so far” for the mining sector, in an interview with Electric Autonomy Canada. ...
Volkswagen has not made any specific partnership announcements with Canadian companies, but advises that all of its battery activities will occur under its newly established PowerCo entity. ...
“This is the first agreement that we’ve seen [in Canada] between states and foreign-owned companies on preferable access to raw materials,” says Volpe. “I think that today is a signal to all the other OEMs to call the prime minister.” ...
And regarding BMW, the German automaker not represented on today’s stage, Minister Champagne teases that the Canada-Germany friendship is always looking for new members.
“I cannot give all the good news at once. We have advanced discussion with all the German manufacturers. I think other German manufacturers are contemplating what Canada can be in terms of the green supplier.”
https://electricautonomy.ca/2022/08/23/vw-mercedes-canada-battery-minerals/

[red]

I guess this just adds to the "macro" around FT ..., gotta  like it! 

[sirfartalot]

All in my humble opinion: Weird Wally analogies aside, it's turning out to be an interesting week. Apologies in advance if it has been posted already: https://www.gov.nt.ca/en/newsroom/august-22-27-mining-week-nwt Seems rather timely ?  Are the locals to the area on this board monitoring / attending anything ? Good luck to all longs, We wait ... but its starting to become more fun