Post by
deepoil0808 on Sep 27, 2024 12:53am
Under Harris: HUGE LITHIUM SHORTAGE + M&A Lithium Industry
I hope that Harris will become the next President of the United States. She appears to have a decent chance, if the women and young voters continue to support her.
Young voters are worried about climate change and she is really the only choice out there for them. For women, they found hundreds of years to get their rights, most women do not want to go backwards with Trump. Black community seems to be supportive of Harris too.
She will take office on January 20th, 2024. We know that she has said that the USA will be a BUYER of lilthium to stockpile it for emergency purposes. The amount mentionned is $ 100 billion for all critical minerals.
What this does is to create a MASSIVE SHORTAGE of lithium on the market, soaring lithium prices, flush cash for lithium companies and, mergers and acquistions of lithium companies.
As you know, the market often reacts by buying on the rumour and selling on the fact.
If it holds true, then we will RALLY for Oct, Nov, Dec and Jan. We will continue to rally until she signs the $ 100 billion BUY bill into law.
In the meantime there will be other catalysts at work for NILI namely, a recovering EV market (which has started to become robust of late), approval of 250 acre permit and NEGOTIATIONS with Evolution Mining for BUYOUT PRICE in what is now a BLACKOUT PERIOD.
There is absolutely no way that NILI does not get BOUTH OUT especially with the MRE numbers released. I think that Evolution Mining signed a non disclosure agreement with NILI on condition that they push out the PEA to Q1-2025.
This pushout will enable Evolution Mining to properly do its own due diligence and to put its people in place before having a ton of other sharks approach NILI.
Evolution Mining must have promised a fair price at fair market value of what property is worth. Given this promise, NILI pushed out the PEA to Q1-2025.
You can rest assured that if the PEA came out, sharks would circle NILI especially knowing that USA is a $ 100 Billion buyer of lithium.
Good Luck,