IEA Warning: We Have to Stop Using Gas-Powered Vehicles in the Next 14 Years

Thursday, May 20, 2021 IEA Warning: We Have to Stop Using Gas-Powered Vehicles in the Next 14 Years We could see a bigger push for electric vehicles from companies, such as Tesla (NASDAQ:TSLA) and General Motors (NYSE:GM). Even though countries all over the world have pledged to cut emissions, it may not be enough. According to a new report from The Climate Action Tracker, as noted by Yahoo Finance, “The recent pledges made by world governments to limit carbon emissions will not be sufficient to meet the goal of keeping global temperatures from rising above 1.5 degrees Celsius, a new report concluded.” To help, according to The International Energy Agency (IEA), we have to stop using gas-powered vehicles in the next 14 years, which could lead to a bigger EV boom and bigger demand for battery components, from companies such as Green Battery Minerals Inc. (TSXV:GEM)(OTC:GBMIF), Extreme Vehicle Battery Technologies Corp. (CSE:ACDC) (OTC:CRYBF), Graphite One Inc. (TSXV:GPH)(OTC:GPHOF). Look at Green Battery Minerals Inc. (TSXV:GEM)(OTC:GBMIF) for example Green Battery Minerals announced it is moving closer to completing the Company’s planned Preliminary Economic Assessment on its road accessible “Berkwood Graphite Project, Northern Quebec,” with today’s announced plans to issue up to a total of 2,037,000 flow-through units at a price of $0.25 for gross proceeds of $509,250. Each unit will consist of one flow-through common share and 1/2 warrant, each whole warrant exercisable for one common share at a price of $0.50 for a period of two years. The Company will apply to the TSX-Venture to close and issue the securities. Finder fees and commissions may be paid by the Company in accordance with the policies of the TSX-Venture Exchange. The closing of the private placement is subject to TSX Venture Exchange approval. The proceeds from the issuance of the flow-through shares will be used for Canadian exploration expenses and will qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the Income Tax Act (Canada), which will be renounced to the subscribers with an effective date no later than Dec. 31, 2022, to the initial purchasers of the offered securities in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares, as applicable, and, if the qualifying expenditures are reduced by the Canada Revenue Agency, the Company will indemnify each subscriber for any additional taxes payable by such subscriber as a result of the Company's failure to renounce the qualifying expenditures as agreed. Net proceeds will be used for costs associated with the continued exploration/drill program and reports for a planned PEA for the Berkwood Graphite project. The securities to be issued will be legend with the required four months plus one day hold period from issuance. The goal is to move towards creating a PEA which is in our path forward as laid out in the Company’s News Release of April 19, 2021. The Company confirms there is no material fact or material change related to the Company which has not been generally disclosed. The purpose of a PEA is to evaluate a mineral project’s potential economic viability A preliminary economic assessment, (PEA), is defined as a study that includes a preliminary economic analysis of the potential viability of a project’s mineral resources. Preliminary economic assessments are completed before prefeasibility and feasibility studies and are an important step towards feasibility which helps determine whether a company should consider developing a mineral resource project. Before a mineral resource project becomes a mine, several technical studies must be completed on a deposit to ensure its economic viability. As mentioned, putting a PEA together is one of the first steps in the evaluation process, with prefeasibility and feasibility studies following. Generally, PEAs will include base case information on the estimated capital costs associated with bringing a project into production, an estimate of how the mine will operate once it is built, how much metal/minerals it will produce and at what operating cost. The PEA helps the Company understand risks and uncertainties associated with a project. The study can be part of exploration with both open-pit mining and underground mining and should include a mine plan. More specifically, a PEA tends to have information on pre-production capital costs, life-of-mine sustaining capital, mine life and an estimate of projected cash flow, as well as details on processing and production methods and rates. PEAs also include information on mineral project economics at various metal/mineral prices. This will include an estimate NPV (Net Present Value) of the mine and an estimated IRR (Internal Rate of Return). PEA allows for companies to help predict an estimated potential profit margins, which help determine their NPV. Tom Yingling, President and CEO states, “We are very pleased to move closer to the planned PEA. Neighbouring Graphite companies in Quebec have significantly higher market cap then Green Battery and management feels it is due to a lack of a positive PEA. By moving forward with the financing, it should allow the Company to proceed with a much larger drill program this Summer which helps move closer to the planned PEA. The upcoming drill program will consist of infill and step out drilling to potentially expand the already proven resource on Zone 1, which to date has only been drilled approximately 20 percent. In addition, we plan on drilling our separately located Zone 6. The Company has already confirmed that Zone 6 contains Graphite as it has been channel sampled numerous times at surface and it has produced high grade, large flake graphite. The Zone 6 Geophysical anomaly, that has been proven accurate by channel sampling, also implies a large Graphitic body at surface. This reconfirms our mission to repeat what Mason has done, just on our side of the claim boundary line that we share with Mason.” Other related developments from around the markets include: Tesla Inc. has released its financial results for the first quarter of 2021 by posting an update on its Investor Relations website. Please visit https://ir.tesla.com to view the update. General Motors reported first-quarter earnings driven by strong price and mix performance in North America, strong credit and residual value performance at GM Financial, and the industry recovery in China. The company is highly confident in its full-year 2021 guidance outlined earlier this year as it works to manage through the semiconductor shortage, which is impacting automakers globally. Extreme Vehicle Battery Technologies Corp. is developing a blockchain-based system to reduce the need for Battery and EV maintenance. The solution will use the Company's proprietary Battery Management System (BMS) combined with blockchain technology. The company states the ACDC Blockchain will operate within an ecosystem of four key components: Identification & Tracking, City Grid Management, Remote Battery Diagnostic, Repair and Reporting, Cryptocurrency. "While our product engineers have been developing the physical assets of EV Battery Tech, our software development team has been working behind the scenes on this revolutionary technology," said EV Battery Tech CEO Bryson Goodwin. Graphite One Inc. offered the following comment on a new Executive Order (EO) issued by U.S. President Joseph R. Biden on February 24, 2021, aimed at strengthening critical U.S. supply chains. The EO identifies three technology sectors as critical supply chains: advanced semiconductors, “high-capacity batteries, including Electric Vehicle (EV) batteries”, and pharmaceuticals. The EO also identifies “critical minerals and other… strategic materials” as a fourth supply chain, essential to technology manufacturing and the Defense Industrial Base. In addition to being a U.S. Government-listed Critical Mineral, graphite is an essential material for both the renewable and EV Battery sectors, and for advanced semiconductor manufacturing. “Graphite One welcomes the recognition of renewable batteries, and EV batteries in particular as a critical supply chain,” said Anthony Huston, Chief Executive Officer of Graphite One. “The fact that graphite is essential to three ‘critical supply chains named in the Executive Order underscores the importance of Graphite One’s supply chain approach.” Legal Disclaimer / Except for the historical information presented herein, matters discussed in this article contains forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Winning Media is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. For making specific investment decisions, readers should seek their own advice. Winning Media is only compensated for its services in the form of cash-based compensation. Pursuant to an agreement Winning Media has been paid three thousand five hundred dollars for advertising and marketing services for Green Battery Minerals Inc. by Green Battery Minerals Inc. We own ZERO shares of Green Battery Minerals Inc. Please click here for full disclaimer. Contact Information: 2818047972 ty@LifeWaterMedia.com
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