Excitement and Praise:

Futuristic Appeal: Many people found the Cybertruck’s unique, polygonal design to be futuristic and unlike any other vehicle on the market. Its angular lines, stainless steel exoskeleton, and electric-powered features resonated with those who appreciated a bold departure from traditional automotive design.

Innovation: Some enthusiasts praised Tesla for pushing the boundaries of automotive design and engineering. They saw the Cybertruck as a symbol of innovation and a representation of Tesla’s commitment to disrupting the automotive industry.

Skepticism and Criticism:

Aesthetic Concerns: Critics and traditionalists were quick to point out what they considered unconventional and even unattractive design elements, such as the Cybertruck’s sharp edges and unconventional shape. They believed it deviated too far from the typical aesthetic expectations of a consumer vehicle.

Practicality: Concerns were raised about the practicality of the design for everyday use. Some questioned its ability to fit in garages or navigate tight parking spaces due to its larger dimensions.

Safety: The Cybertruck’s design also led to discussions about safety, with concerns about pedestrian safety and the potential for other vehicles to collide with its angular surfaces.

Memes and Pop Culture:

The Cybertruck’s design sparked a wave of internet memes, jokes, and parodies across social media platforms. Its distinct appearance became a pop culture phenomenon, generating both humor and commentary.

Pre-Order Interest: Despite the mixed reactions, the Cybertruck garnered a substantial number of pre-orders shortly after its unveiling. This demonstrated that, while some may have reservations about the design, there was significant interest in the vehicle’s features, including its electric drivetrain and potential performance capabilities.

Tesla’s approach to the Cybertruck’s design was undoubtedly polarizing, but it also generated significant attention and public discourse. Over time, Tesla has made some design updates based on feedback and has continued to refine the Cybertruck as it progresses toward production, which may influence how it is received by consumers and the automotive industry in the future.

Troubles Keep Plaguing the Launch of the CyberTruck

Apparently, there are so many problems with the design of the Cybertruck, that a complete re-design may be in order.

In a scathing August article from Fast Company, the Cybertruck has so many blatant design flaws, including misaligned doors and uneven surfaces, that nothing short of a complete re-design will fix the problem.

Wired magazine reported in June that a leaked internal  company report revealed that  the preproduction “alpha” version of the Cybertruck was still struggling with some basic problems with its suspension, body sealing, noise levels, handling. and braking.

Even Elon Musk admits there are many issues that need to be fixed. In an internal email to employees, Musk remarked “Due to the nature of Cybertruck, which is made of bright metal with mostly straight edges, any dimensional variation shows up like a sore thumb.”

Wired mentioned in their article that the vehicle was supposed to start rolling off production lines in 2021. But two years on, the trucks still haven’t been delivered, and for most customers, they won’t be until 2024 at the earliest.

Tesla stock has been taking a beating since their earnings disappointment in October. Although it’s slowly grinding its way back up, investor sentiment is still bearish on TSLA.

The ongoing delays in deliveries of the Tesla Cybertruck suggest that addressing and resolving design flaws is a critical aspect of bringing this groundbreaking vehicle to market. 

The Cybertruck’s distinctive design, while eliciting both excitement and skepticism, has presented engineering and manufacturing challenges that require careful consideration and modification. 

As Tesla continues to refine the design and production processes, it is likely that the company will prioritize ensuring that the vehicle meets safety and regulatory standards, addresses practical concerns, and aligns with consumer expectations. 

Until these design issues are thoroughly addressed and resolved, it is reasonable to expect that delivery timelines for the Cybertruck may experience continued delays as Tesla works towards producing a vehicle that can meet the demands and expectations of its customers.

The post Is the Tesla Cybertruck a Dud? appeared first on Global Investment Daily.

About BYD

BYD Co. Ltd. (Build Your Dreams) is a Chinese multinational company that primarily operates in the automotive and renewable energy industries. Founded in 1995, BYD is headquartered in Shenzhen, Guangdong province, China, and has become one of the world’s leading electric vehicle (EV) manufacturers and battery producers. Here are some key aspects of BYD:

1. Electric Vehicles (EVs): BYD is renowned for its electric vehicles, including electric cars, buses, and trucks. The company produces a wide range of EVs, from small passenger cars to electric buses and commercial vehicles. They have made significant strides in the EV market and have expanded their global presence in this sector.
2. Batteries: BYD is a major player in the production of lithium-ion batteries. They manufacture batteries not only for their own vehicles but also for other automakers and various applications, such as energy storage systems (ESS) and mobile devices.
   
3. Warren Buffett Investment: In 2008, the American investor Warren Buffett’s Berkshire Hathaway Inc. invested $232 million in BYD, acquiring a significant stake in the company. This investment garnered international attention and boosted BYD’s profile in the global business community.
   
4. Renewable Energy: Beyond electric vehicles and batteries, BYD is involved in various renewable energy projects, including solar power generation and energy storage solutions. They provide solar panels and energy storage systems to help meet the growing demand for sustainable energy sources.
   
5. Global Presence: BYD has expanded its operations internationally and has established a presence in many countries and regions worldwide. They have manufacturing facilities and subsidiaries in countries such as the United States, Brazil, India, and Europe, enabling them to tap into global markets.
   
6. Innovation: The company places a strong emphasis on research and development, continuously working on innovations in electric vehicle technology, battery technology, and other areas related to sustainable transportation and energy solutions.
   
7. Sustainability: BYD is committed to sustainability and reducing its carbon footprint. They aim to promote green transportation and environmentally friendly technologies to combat air pollution and climate change.
   
8. Challenges: Like other automotive companies, BYD faces challenges related to competition, technological advancements, and regulatory changes in the electric vehicle industry. However, they have shown resilience and adaptability in response to these challenges.

BYD’s combination of electric vehicle manufacturing, battery production, and renewable energy solutions has positioned it as a significant player in the global push for cleaner and more sustainable transportation and energy systems.

What are the key differences between Tesla and BYD vehicles?

Tesla and BYD are both prominent manufacturers of electric vehicles (EVs), but there are several key differences between their vehicles in terms of design, technology, markets, and overall brand identity. Here are some of the key differences between Tesla and BYD vehicles:

• Geographic Origin and Market Focus:
  
  • Tesla is an American company founded in California, with a strong presence in the United States and a focus on the global luxury and performance EV market.
  • BYD is a Chinese company with a significant presence in China and a broader focus on the global mass-market and commercial EV segments.
    
• Vehicle Models:
  
  • Tesla primarily produces premium electric cars, such as the Model S, Model 3, Model X, and Model Y, along with electric sports cars and upcoming products like the Tesla Cybertruck and Tesla Semi.
    
  • BYD manufactures a range of electric vehicles, including electric cars (e.g., the BYD e6, Qin, and Tang), electric buses, and commercial electric vehicles (e.g., electric trucks and vans).
    
• Price Range:
  
  • Tesla vehicles are generally positioned in the premium to luxury price range, making them relatively expensive compared to many other EVs.
  • BYD vehicles tend to cover a broader price spectrum, including more affordable options for mass-market consumers.
    
• Battery Technology:
  
  • Tesla is known for its advanced battery technology, which includes the use of cylindrical lithium-ion cells and its own custom-designed batteries produced at the Gigafactories.
  • BYD also produces lithium-ion batteries but focuses on different chemistries and cell formats for various applications, including iron phosphate (LiFePO4) batteries known for their safety and durability.
    
• Autonomous Driving and Software:
  
  • Tesla has developed a reputation for its advanced driver-assistance features and autonomous driving capabilities, with its Autopilot and Full Self-Driving (FSD) technology being key selling points.
  • BYD also offers various levels of driver-assistance technology but may not be as advanced as Tesla in terms of autonomous driving capabilities.
    
• Charging Infrastructure:
  
  • Tesla has developed a proprietary Supercharger network, providing fast-charging stations primarily for Tesla vehicles. They have also opened up access to some third-party EVs in certain regions.
  • BYD relies on more standard charging infrastructure, often using industry-standard connectors and adapters.
    
• Global Reach:
  
  • Tesla has a substantial presence in North America, Europe, and other parts of the world, with a strong network of stores, service centers, and charging infrastructure.
  • BYD has a significant presence in China and has expanded into various international markets but may not have as extensive a global network as Tesla.
    
• Brand Image:
  
  • Tesla is often associated with cutting-edge technology, innovation, and a premium brand image.
  • BYD is recognized for its focus on practical and affordable electric transportation solutions, especially in the mass-market and commercial sectors.

These differences reflect the distinct strategies and target markets of Tesla and BYD. While Tesla emphasizes premium electric cars and advanced autonomous driving technology, BYD focuses on a wider range of electric vehicles, including more affordable options and commercial applications, and places a strong emphasis on battery technology and sustainable transportation.

BYD is China’s largest EV manufacturer, producing 1.5 million vehicles in 2022, and just reported a record quarterly profit in spite of Warren Buffet dumping $25.8 million dollars worth of BYD stock.

BYD Stock Surges Since 2020 (OTC Markets: BYDDY) 

Monthly Chart of BYDDY: TradingView

For roughly 10 years after going public in 2009, BYD traveled in a range between $3 and $20. In 2020, the stock took off, reaching a high of $80.75 in June 2022. BYD is currently trading at $60.92.

The post Tesla Faces Serious Competition from this EV Manufacturer appeared first on Global Investment Daily.

Two critical rare earth minerals are Germanium and Gallium, and China is the largest supplier of these minerals. We covered the industrial applications of these minerals in a recent Global Investment Daily article.

In a report from the BBC, China has now enacted export curbs on Germanium and Gallium in response to Washington and the Netherland’s policy of restricting Chinese access to advanced microprocessor technologies.

As expected, spot prices for Germanium and Gallium have risen sharply. According to Nikkei Asia, the price of gallium is up 18 percent since the end of June, reaching $332.50 per kilogram in US and European markets, while germanium has increased more modestly, up 4 percent this month to about $1,390 per kilogram. (Source: The Register)

Mining stocks have also risen sharply. Ivanhoe Mines (IVPAF), a major Germanium mining company,  has seen their stock rise from $7.31 to a high of $10.63 since June.

Ivanhoe Mines Daily Chart (TradingView)

The face-to-face chip showdown between Western nations in China appears obvious. China’s stance is essentially, ‘If you don’t give us the chips we want, we won’t supply the raw materials you need to make them.’

Stay tuned to Global Investment Daily for further developments in this sector.

The post <strong>China Curbs Exports on Germanium and Gallium. Now What?</strong> appeared first on Global Investment Daily.

As of the end of last year, passenger EVs are a trillion-dollar industry based on global spending on electric cars. In 2022 alone, spending was $388 billion for a 53% spike over the previous year. 

There are huge revenue opportunities here that the auto giants had been missing out on for years. But it’s also an industry awash with pitfalls for investors hoping to see some profitability at least in the medium-term future. 

The EV playing field has become an incredibly crowded one. Only Tesla (NASDAQ:TSLA) is profitable, and while the auto giants are gunning for Tesla’s market share, for now, the king of EVs is blowing them away. Q3 2022 returns spoke volumes. Tesla earned 8X the profit per vehicle as Toyota, even though Toyota outsold it 7 to 1. 

Given all the pitfalls of a raging industry that is hyper competitive yet still burning cash at what seems like an untenable rate, it’s time for investors to start looking at different corners and niche areas of the EV boom, where the unexpected happens.

In this case, the unexpected isn’t on the roadways; it’s on the water. 

It isn’t burning cash like crazy, and it isn’t loaded down with debt. 

It’s also expecting first revenues this year.

The EV Company Supercharging the Waterways

Electric recreational boats aren’t a crowded space like their road warrior brethren. The electric boat market is set to grow at a CAGR of nearly 13% and is on track to be worth a stunning $15 billion by 2030. 

In this brand-new space, the first-mover advantage belongs to Vision Marine Technologies (NASDAQ:VMAR), the high-speed innovator behind the proprietary PowerTrain outboard motor technology powering the fastest electric speedboat in its class on the market. 

Vision Marine’s E Motion boat motor is fully electric, with proprietary PowerTrain technology and IP, and it didn’t just hit the market with a splash … It was unveiled in the first all-electric series production bowrider on the market, Four Winns’ H2e Bowrider.

Not only is the first fully electric, production-ready recreational boat in its class on the market, but it’s also a high-performance machine with 180 horsepower. 

Capable of full charge overnight, the E Motion battery also has another clear advantage: It’s cheaper than any competing products. 

It’s turn-key. It’s disruptive. And it’s all powered by Vision Marine’s proprietary E Motion battery and software.

The Key To Capturing Market Share and Revenue

The joint development of the H2 Bowrider was the big debut, but Vision Marine’s strategy for capturing market share is casting a much wider net than this—and one that has the potential to get the market fast and with maximum disruption. 

VMAR isn’t planning to play the slow game of selling directly to the public. Instead, it’s targeting Original Equipment Manufacturers (OEMs) who already have customers. And dozens of advance orders have already come in, despite the fact that it’s just been unveiled. 

For the multi-billion-dollar boat battery market, this is the most significant development in the industry’s history, and the fastest-moving, too.   

Revenues are also positioned to start coming in quickly. This proprietary electric boat motor is expected to generate it first revenues this year already, only months after its launch. 

And that’s only one revenue category: Vision Marine is also working fast to turn the boat rental market into an all-electric playing field. 

Plug-n-Play: Electrifying a $5B Rental Market

Capturing the boat rental market is a novel idea at a time when a global energy transition is in full swing and electric vehicles are already storming the same market on the roadways. 

The electric car rental market is speeding towards a valuation of $2.9 billion by the end of this decade, and Vision Marine sees the same future for the electric boat rental market. 

The total boat rental market is estimated at $5 billion right now, and it’s the next segment slated for disruption as thousands of resorts and marines around the world are under pressure to clean up the waterways and get on board with the energy transition. 

In this segment, Vision Marine is far ahead of the game. It’s flagship Newport boat rental business took in $4 million in revenues (at 35% profit margin) from 300,000 clients in its first three years of operation. 

This year, we’ll see two more electric boat rental locations launch, and then it’s all about selling franchise licenses for a massive scaling-up.

While profit has been the bogeyman of the EV industry, VMAR breaks the mold. 

Its electric boat rental segment is already earning revenues and expanding rapidly, while first revenues from its biggest debut yet—the Powertrain boat motor—are expected this year. That positions VMAR to be free-cash-flow positive by the end of next year, with two profitable divisions by 2025. 

5 Reasons to Keep A Close Eye on VMAR

Proprietary technology 

Vision Marine has clear product leadership in a competitive landscape at a critical juncture in a global energy transition. Behind that product leadership is ten years of IP development and proprietary tech in electric engines and powertrains. 

Zero debt

Enough said. Tesla is only “mostly” debt-free after 20 years. 

First revenues this year

Vision Marine is generating early sales with advance orders and smartly targeting boat manufacturers who already have customers at a time when the outboard engine market is one of the biggest and fastest-growing sector of boat sector.  

Free cash-flow positive by 2024, profitability in two divisions by 2025

Major growth runways

The franchise model for VMAR’s electric boat rental segment will allow a highly profitable model to scale fast.

While the EV segment has had a hard time realizing profitability, even as it proves to be an astounding disruptor of the auto industry, Vision Marine has found a niche area ripe for the kind of proprietary technology that investors love. 

This is a $45-million-market cap company bursting into a $17-billion boat battery market, and it’s got the horsepower to do it. 

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The post The Trillion-Dollar EV Industry Has A New, Debt-Free Option appeared first on Global Investment Daily.

Make no mistake about it, the EV revolution is in full swing, and it’s backed by tax credits of up to $7,500 which brings the cost of these vehicles in line with internal combustion vehicles. The Biden administration is investing heavily in a nationwide network of EV charging stations to help extend the range of EVs on the road. The Tesla charging connector is becoming the defacto standard in many states like Texas. In the years to come, we will see charging stations everywhere. Even major retailers like Walmart plan to install EV charging stations at thousands of their locations.

Electric Cars Ranked By Price

Although Tesla has dominant market share, InsideEVs.com ranks a wide variety of electric vehicles by price from cheapest to most expensive after tax credits.

The Chevrolet Bolt leads the cheapest cars on the list with adjusted prices in the range of $20,000 – $22,000. There’s a jump in price to the Nissan Leaf which carries a $29,000 price tag. Prices quickly ramp up to the $40,000-$60,000 range.

Source: InsideEVs.com

For the entire list of brands by price, click here.

Sales of EVs are showing a parabolic growth curve since 2016, according to Statista.com. Vehicle sales have ramped up from 150,000 units in 2016 to 1.08 million vehicles in 2023. By 2028, total vehicles sold is expected to be 2.46 million vehicles sold.

EV Sales by Manufacturer

In 2022, Tesla led all other EV makers by a large margin with 51.7% of all EVs sold. Ford was a distant 2nd place at 7%. All of the others represented less than 5% of sales.

Source: Statista.com

Charging stations are expected to rise from 130,200 in 2023 to 290,000 stations in 2027.

EV Stocks in 2023

Tesla (TSLA) ran from $101 to a high of $273 in 2023

Rivian (RIVN) has been range-bound mostly between $14 – $16 in 2023

Ford (F) has climbed from $12 to $14.50 per share in 2023

Daily Chart for Tesla (TSLA) in 2023

Stay tuned to Global Investment Daily as we monitor developments in the EV industry.

The post Top EV Makers Ranked By Sales and Price appeared first on Global Investment Daily.

Graphite plays a crucial role in the production of electric vehicle (EV) batteries. It is used in the battery’s anode, which is the electrode through which the current flows into the battery during charging. Here’s how graphite is utilized in EV battery production: 

It’s the primary material used for the anode in lithium-ion batteries, which are commonly used in EVs. The anode is responsible for storing lithium ions during charging. Graphite has unique properties that make it suitable for this purpose. It has a layered structure that allows lithium ions to intercalate or insert between the layers, enabling the storage and release of energy.

Graphite’s properties, such as its high electrical conductivity and ability to intercalate lithium ions, make it an excellent choice for anodes. It allows for efficient charging and discharging of the battery, contributing to the overall performance and energy density of the EV battery.

Demand for Graphite

Source: Mining.com

According to Mining.com, graphite demand for lithium ion batteries is expected to double from 2 million tons today to 4 million tons by 2030. Currently, demand for graphite is outpacing supply.

Graphite Mining Company Spotlight

Syrah Resources, Ltd. (SYAAF)

This Australian company is positioned to be a dominant player in the industry. With a market cap of $411.35 million USD, the company has produced a record amount of 163,000 tons of graphite at its Balama plant in Mozambique. The company also has plans to expand operations in a U.S. plant in the near future.

At $.60 per share, SYAAF is trading near the bottom of its 52-week price range (0.5500 – 1.8200).

Stay tuned to Global Investment Daily as we monitor the Global EV Battery trend.

The post <strong>Spotlight on Graphite Mining for EV Battery Production</strong> appeared first on Global Investment Daily.

In 1997, The Phillips/Fujitsu Plasma flat screen TV hit the market with a retail price of  $22,924. The TV was accessible for the very few, but out of range for the average consumer at an average cost of $30.45 per square inch.

Twenty years later, in 2017, LG produced a 55” TV for $2,300 for an average cost of $1.78 per square inch. The TV provided better quality and resolution than the old plasma TVs at a cost that was far more accessible to the average consumer.  (Source: CNET)

Today, a quick online search shows 55” TVs retailing for under $400 at Bet Buy, Walmart and other retailers. Big screen TVs are now affordable for everyone.

The same trend is starting to appear in the Electric Vehicle (EV) industry.

Back in 2017 the Tesla Model X retailed near $100,000. The same Model X retails for $66,000 in 2023, according to Cargurus

Source: Cargurus.com

Driving around Austin where I live, you might have been able to spot a Tesla or two on the roads while running errands a few years back. Today, I see more Teslas on the road than Mercedes. It’s a game I like to play while driving.

Elon Musk is Driving Down the Cost of EVs, Competition Responds

In a recent article by Reuters, Tesla announced its sixth U.S. price cut, dropping the cost of the Model Y to a base price of $39,990, well into the neighborhood of comparable internal combustion vehicles. When you add EV tax credits of up to $7,500, the price drops even further.

The price reductions are believed to gain market share in the face of EV competition from multiple car makers. And it’s not just in the U.S. Tesla has announced price cuts in China, Japan, Australia, Singapore and Europe as well.

In response, price wars are breaking out in China for comparable EVs, according to an article in the New York Times.

The Biden administration is investing heavily in a national network of EV charging stations as part of his national infrastructure bill. Walmart and other retailers are looking into installing their own charging stations. As the network of charging stations expands across the country, EVs will become not only more affordable, but it will provide greater driving range.

Just like TVs becoming far more affordable over the past few decades, the same is happening with the EV industry.  Stay tuned as we follow this trend.

The post <strong>Are EVs Finally Becoming Affordable for the Masses?</strong> appeared first on Global Investment Daily.

Lithium is a critical component in the production of electric vehicle (EV) batteries, and therefore, it is essential for the growth of the EV industry. Lithium is used as a key material in the cathode of the battery, which is the part of the battery that stores and releases energy during the charging and discharging cycles. 

Lithium-ion batteries are the most common type of batteries used in electric vehicles, and they require a significant amount of lithium. In fact, an EV battery typically contains around 10-20 kilograms of lithium. Without lithium, it would not be possible to produce the high-performance, lightweight, and long-lasting batteries needed for EVs. 

Currently, lithium is the most widely used material in EV batteries, and its importance is only expected to grow as the demand for electric vehicles continues to rise. As a result, lithium production has become a critical issue for the EV industry, and there are ongoing efforts to increase the global supply of lithium to meet the growing demand.

General Motors Invests $50 Million in Innovative U.S. Lithium Company

EnergyX is a company that extracts Lithium, refines it and develops cutting-edge battery technologies. With headquarters in San Juan, Puerto Rico and laboratories in Austin, Texas, the company is on the cutting edge supplying next generation lithium battery storage devices to the market.

“Electric vehicles need a lot of Lithium. There’s about 10,000 iPhone batteries that go into one electric vehicle.” said EnergyX founder Teague Egan. “Therefore, the demand curve for Lithium is exorbitant, while the supply is lagging behind. The current methods of production are extremely inefficient, so we decided to re-invent how Lithium is produced.”

Providing a reliable source of Lithium in the Western Hemisphere is a priority for General Motors as it commits to full-scale production of EVs, and EnergyX can potentially become a major supplier. Read news story here(CNBC).

EnergyX is a privately-held company that is exploring a potential IPO in the near future.

The post <strong>General Motors Invests $50 Million in this Lithium Company</strong> appeared first on Global Investment Daily.

The defining venues for North America will be the U.S. northwest and Canada, where explorers are starting to return impressive drilling results that could set the stage for the next phase of lithium supply. This is paramount to meeting soaring demand. 

That’s why lithium mining stocks have been flying. 

Patriot Battery Metals Inc (TSX:PMET) is up over 174% year-to-date… 

Lithium Ionic Corp (CVE:LTH) has gained nearly 60% in the same time period, and Lithium Bank Resources Corp (CVE:LBNK) is up over 31% …

Lithium Americas Corp (NYSE:LAC) is up 37% YTD and giant Albemarle (NYSE:ALB) has surged over 22%. 

And now, exploration and development company —EMP Metals Corp (CSE:EMPS) (OTCQB: EMPPF) —has released drilling results that represent the highest-known recorded lithium brine concentrations found in Canada to date, according to the company and based on publicly available data. 

EMP is drilling in Canada’s Saskatchewan, a region quickly becoming one of the biggest rewarders for investors in lithium.

Saskatchewan pretty much offers it all: government support, pre-existing oil and gas infrastructure and expertise, as well as key lithium in formations that are closer to the surface than anything found in Alberta, making it potentially more cost effective to extract. 

Source: EMP Metals

EMP is focused on low-cost, high-impact lithium exploration projects, and the Duperow Formation, where much of the lithium investor attention is now focused, is exactly that. This is where EMP is drilling on over 212,000 acres, holding 37 permits.  

Saskatchewan’s Duperow Formation may be shaping up to be the crown jewel of North America’s lithium future. The Duperow is an extensive reservoir with aquifer support that is laterally equivalent to Alberta’s Leduc Formation. But it has a distinct advantage over the Leduc with significantly higher grades of lithium being discovered in the Duperow.  Further, shallower depths and typically lower concentrations of hydrogen sulfide (“sour gas”) suggest potential for direct lithium extraction approaches which allow for more efficient, economic, and sustainable, production processes compared to evaporation and hard-rock mining.  

2023 Is All About New Lithium Drilling Results

Swab tests on EMP’s 2-22-007-9W2/0 well at Viewfield confirmed high lithium concentrations ranging from 94 to 259 mg/1 within 6 zones targeted for future development within the Duperow Formation:

• The Wymark E zone tested an average of 220 mg/l from a 3.61 m thick zone with average porosity of 14.2%.   
• The Wymark D zone tested an average of 259 mg/l from a 10.6 m thick zone with average porosity of 20.4%.   
• The Wymark C zone tested an average of 167 mg/l from a 10.3 m thick zone with average porosity of 14.1%. 
• The Wymark B zone tested an average of 97 mg/l from a 16.4 m thick zone with average porosity of 16.2%. 
• The Wymark A zone tested an average of 94 mg/l from a 8.9 m thick zone with average porosity of 14.0%. 
• The Saskatoon A zone tested up to 152 mg/l from a 10.6 m thick zone with average porosity of 14.0%. 

In flow tests, all zones showed lithium concentrations ranging from 200-203 mg/L when tested together. 

While these numbers might not mean much to anyone’s who’s not a geologist, when you compare them to other drilling results in Canada to date, it looks like good news for investors. 

According to EMP, to date, the highest concentrations recorded in Canada have come from Saskatchewan and the government’s Midale test well, also in the Duperow Formation, which showed lithium concentrations of 190 mg/L. 

That means that EMP’s latest lithium brine test results appear to be of higher concentrations than anything previously recorded by the Canadian government. 

Drilling results like this for a new entrant in Canada’s lithium space could help push it to the front of the line. 

The Momentum Keeps Building

Last year, EMP started to gain solid traction with an aggressive drill campaign on its 212,000 acres in Canada’s Saskatchewan region. That early drilling paid off. It’s first test well on its Mansur Permit Area returned impressive concentrations. 

Just two weeks ago, EMP completed the flow test of its second Mansur test well, showing concentrations of up to 148 mg/L. 

So far, EMP is ticking all the right boxes …

It’s a new entrant in the number one region for new lithium exploration in North America—and at a time when the energy transition is all about securing supply and auto giants are desperate for lithium security. 

Tesla plans to triple lithium-ion cell output at its Reno, Nevada gigafactory …

That’s no surprise when you look at Q4 results. Tesla produced over 439,000 vehicles and delivered over 405,000 vehicles, with deliveries surging 40% in 2022 and production soaring 47% YoY.  

Volvo’s electric car sales have tripled despite the rising cost of raw materials, and the auto giant is in advanced talks on possible lithium mining of its own …

Scoring the highest lithium concentrations in Canada to date, could give this stock some significant impetus and investors will be watching what happens next very closely. EMP’s 212,000+ acres could become some of the hottest lithium real estate around. 

Spot prices for lithium carbonate skyrocketed for nearly two years until November last year, surging nearly 12X from early 2021 to November 2022, with demand outpacing supply heavily. It’s meant huge profits for miners. By December, those prices started to decline somewhat, but 2023 is still expected to see high-priced lithium. 

The trick here for new entrants is not betting everything on the present if Lithium prices do ease despite the ongoing supply crunch and strong global EV sales. 

That’s where EMP shines. That’s why EMP is not just drilling fast and aggressively to get to that new supply …

It’s why the company has scooped up so much valuable acreage targeting the Duperow Formation, where direct lithium extraction is possible for lower costs and a more sustainable supply relative to current evaporation and hard-rock mining operations. That’s what makes this a true lithium hotspot. 

With the best drilling results to date in—not just for EMP but for all of Canada—momentum is expected to pick up pace further. 

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