Where is All The Lithium Going to Come From?
Lithium is a critical mineral for the production of electric vehicles and multiple other applications that are driving the global energy transition.
There is currently a “disconnect” between the immense increase in battery metals demand and the supply that’s going to be required over the next decade to meet that demand.
EV Revolution Intensifies
- The Biden administration through the EPA has proposed aggressive new tailpipe emissions standards that, if enforced, would leave carmakers with no other choice than to produce EV’s almost exclusively by 2032
- Cutthroat pricing by Tesla – Elon Musk has just slashed prices for Tesla’s entry-level SUV’s below the average cost of new U.S. cars and trucks – is yet another indicator of a global transformation in the automotive sector that will incentivize the purchase of EV’s
- Canada’s federal government has handed out up to $13 billion in production subsidies to Volkswagon for the new EV battery plant it plans to build in St. Thomas, ON – by far the most generous subsidy Canada has ever provided to an automaker for locating a factory here
The Lithium Challenge and the Opportunity
Entirely NEW LITHIUM DISTRICTS will need to be discovered in North America , so we aren’t relying on China and others.
‘Outside the box thinking” is a must to find new high-grade deposits that are so critical.
This is what differentiates Eureka Lithium (CSE: ERKA) from an increasingly crowded lithium sector.
We are targeting a potentially unparalleled opportunity in the top third of Quebec through rapid state-of-the-art exploration that offers investors immense discovery leverage.
And one of the solutions to a lithium supply deficit.