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Iconic Minerals Ltd V.ICM

Alternate Symbol(s):  ICMFF

Metals & Mining Industrial Metals & Minerals
Iconic Minerals Ltd. is a Canada-based company, which is engaged in the acquisition and exploration of exploration and evaluation assets. The Company has various lithium and gold exploration projects in Nevada, United States. The Company's Smith Creek Lithium Property covers approximately 808 placer claims totaling 25.25 square miles (65.4 km2) over a gravity low. The enclosed Smith Creek Valley Basin covers 582 square miles (1,507 km2), which is slightly larger than Clayton Valley Basin where lithium brines are produced. The Bonnie Claire Property is located within Sarcobatus Valley, which is approximately 30 km (19 miles) long and 20 km (12 miles) wide. Its New Pass Gold Property is located in Eastern Churchill County, Nevada. The New Pass Gold Property is comprised of 107 mining claims. Its Midas South Gold Property is situated between Ivanhoe mine and Midas mine along the Carlin Trend. The Midas South Gold Property is located along Nevada’s gold belt-the Carlin Trend.


TSXV:ICM - Post by User

Iconic Minerals Ltd
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Post by MV77777on Mar 10, 2024 8:46am
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Post# 35925031

EV's

EV'sdeliveries in USA grew by 48 % over 2022 (46 % for USA & Canada combined), having increased 50 % from 2021 to 2022. It appears that the EV grants in the Inflation Reduction Act (IRA), available since January 2023, had limited impact on EV adoption. The grants require EV production within the USMCA (fmr NAFTA) and battery material sourcing from Free Trade Agreement partners (China is not). Battery supply constraints were a frequent occurrence among domestic OEM during 2023.

 

China is, by far, the largest EV market with 8,4 million units in 2023 and 59 % of global EV sales. With 9,3 million EVs made, China's role as the largest EV production base is even stronger: 65 % of global EV sales in 2023 came out of China. 900 000 EVs were exported from China, most of them (530k) by Western brands. The largest exporters were Tesla, SAIC (MG, Maxus), Geely (Volvo, Polestar, Lynk, Smart) BYD, Renault (Dacia), BMW and Great Wall. All others exported below 20 000 units each.
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