Post by
trader53 on May 15, 2024 6:26pm
Ontario's desire to be a major player in EV Market!
With four battery and two cathode plants scheduled to be built in Ontario my guess is Ontario would very much want to close the loop and see Lithium supply come out of Ontario. A tidy 20,000,000-to-30,000,000-ton deposit within 7 hours of these plants would have to be a consideration for any one of these Manufacturers. I don't want to put the cart before the horse, but I just cannot imagine that PWM will not be able to prove up a 20,000,000-ton deposit since the back of the envelope estimation from 2018 suggested that on the Main alone they had 8,000,000 tons. As Chris suggested the 4000-meter program underway would only add to the deposit! Honda's CEO recently praised Henry Ford who saw the wisdom in owning their own steel plants, rubber plants and numerous other supply plants early on in Ford. This to me was a strong hint that Honda was looking to close the EV loop. Add to this Chris Evans who admitted he held strategic talks with parties from Japan and South Korea back in January and was planning a trip to Japan and South Korea to further the talks within two weeks. Coincidence???