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Cobalt
 
Science - March 13, 2019
Sometimes the sailors' myths aren't far off: The deep ocean really is filled with treasure and creatures most strange. For decades, one...
nodules, however, are abundant, and they are rich in cobalt, a costly metal important for many electronics that is now mined in the forests

The trial, run by Global Sea Mineral Resources (GSR), a subsidiary of the Belgian dredging giant DEME Group, will take place in the international waters of the Clarion-Clipperton Zone (CCZ), a nodule-rich area the width of the continental United States between Mexico and Hawaii. The Patania II collector, tethered to a ship more than 4 kilometers overhead, will attempt to suck up these nodules through four vacuums as it mows back and forth along a 400-meter-long strip…The nodules, however, are abundant, and they are rich in cobalt, a costly metal important for many electronics that is now mined in the forests of the Democratic Republic of the Congo, a conflict zone…Ideal for nodule formation, the CCZ is estimated to contain some 27 billion metric tons of the ore. But its abyssal plain is also a garden of exotic life forms. Craig Smith, a benthic ecologist at the University of Hawaii in Honolulu, has helped lead biological surveys in the CCZ that, in one case, revealed 330 species living in just 30 square kilometers, more than two-thirds of them new to science. The CCZ's inhabitants include a giant squid worm, predatory sponges resembling ornamented Christmas trees, green-yellow sea cucumbers that researchers called "gummy squirrels," and a greater variety of bristle worms than ever reported before. "I didn't expect any part of the CCZ to have among the highest diversities of any deep-sea habitat," Smith says. "That caught me by surprise."..Mining could leave a lasting imprint on these ecosystems. In 2015, MiningImpact scientists visited the site of a 1980s experiment off Peru in which a small sledge was pulled along the bottom to simulate nodule harvesting. Three decades later, "It looked like the disturbance had taken place yesterday,"…Such concerns make many environmentalists wary of opening any of the deep sea to mining. Some, including United Nations Special Envoy for the Ocean Peter Thomson, are floating the ideaof a 10-year "precautionary pause."…but other factors are likely to delay commercial operations in the CCZ until late next decade. For one thing, the legal framework for mining in international waters is uncertain. Although the United Nations's International Seabed Authority has granted contracts for exploration, it is still drafting rules that will govern commercial operations and set limits for environmental damage. The rules are unlikely to be final before 2021. For another, the collector, the most advanced mining equipment ever tested at depth, may not work as planned. "When you throw a new piece of technology into the ocean, the ocean tends to throw it right back at you," Thaler says.

 
 
EVs
 
Unknown - March 15, 2019
The federal government’s pre-election budget is expected to include subsidies for Canadians to purchase electric cars as part of Ottawa’s long-promised commitment to adopt a zero-emission vehicle strategy to reduce greenhouse-gas emissions.

Senior government officials confirmed to The Globe and Mail that next week’s budget will take action based on recommendations from an advisory council, which called for subsidies of up to $5,000 toward the purchase of an electric vehicle (EV) or plug-in hybrid, as well as additional funding for EV charging stations…The council recommended that any incentive be short-lived to account for expectations that the cost of electric cars will soon be more competitive with traditional vehicles. Currently, only Quebec and British Columbia offer EV subsidies; the Ontario government cancelled that province’s subsidy program last year…Transportation Minister Marc Garneau in January announced targets to increase the sales of zero-emission vehicles – including EVs and hydrogen-powered cars – to 10 per cent of the market by 2025, 30 per cent in 2030, and 100 per cent by 2040…Last year, 2.2 per cent of new vehicles sold in Canada were either EVs or plug-in hybrids, as sales more than doubled over the previous year, according to Electric Mobility Canada, an industry-backed organization…While EVs can cost $10,000 more than comparable gasoline-powered models, lower operating costs and maintenance can shave $1,400 a year off the cost of maintaining a vehicle, Mr. Guilbeault noted in an interview. 

 
BNN Bloomberg - March 15, 2019
19. Attendee take photographs of the Tesla Inc. Model Y crossover electric vehicle during an unveiling event in Hawthorne, California, U.

Elon Musk revealed the Model Y, a cheaper electric crossover SUV the chief executive officer said will be available from the spring of 2021…The vehicle’s price will start at $39,000…Musk said the standard Model Y will have a range of 230 miles per charge.

 
Reuters UK - March 15, 2019
BERLIN (Reuters) - German battery maker Varta on Friday said it had applied for government subsidies to mass-produce lithium-ion battery...
said it had applied for government subsidies to mass-produce lithium-ion battery cells, as the Economy Ministry’s deadline for companies to

Varta said it was planning to hike production of battery cells to over 60 million cells per year, adding that it was cooperating with European partners to advance European battery cell production…Germany has earmarked 1 billion euros (£854.44 million) to support a consortium looking to produce electric car battery cells and plans to fund a research facility to develop next-generation solid-state batteries.

 
 
fortuneminerals
For further information about the NICO Project and its Mineral Reserves, please refer to the Technical Report on the Feasibility Study for NICO, entitled "Technical Report on the Feasibility Study for the NICO-Gold-Cobalt-Bismuth-Copper Project, Northwest Territories, Canada", dated April 2, 2014 and prepared by Micon, which has been filed on SEDAR and is available under the Company's profile at www.sedar.com.

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CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

The materials appearing in this email contain forward-looking information. This forward-looking information includes, or may be based upon, estimates, forecasts, and statements as to management’s expectations with respect to, among other things, the size and quality of the Company’s mineral resources, progress in permitting and development of mineral properties, timing and cost for placing the Company’s mineral projects into production, costs of production, amount and quality of metal products recoverable from the Company’s mineral resources, anticipated revenues, earnings and cash flows from the Company's mineral projects, demand and market outlook for metals and coal and future metal and coal prices. Forward-looking information is based on the opinions and estimates of management at the date the information is given, and is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. These factors include the inherent risks involved in the exploration and development of mineral properties, uncertainties with respect to the receipt or timing of required permits and regulatory approvals, the uncertainties involved in interpreting drilling results and other geological data, fluctuating metal and coal prices, the possibility of project cost overruns or unanticipated costs and expenses, the possibility that production from the Company's mineral projects may be less than anticipated, uncertainties relating to the availability and costs of financing needed in the future, uncertainties related to metal recoveries and other factors. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Inferred mineral resources are considered too speculative geologically to have economic considerations applied to them that would enable them to be categorized as mineral reserves. There is no certainty that mineral resources will be converted into mineral reserves. Readers are cautioned to not place undue reliance on forward-looking information because it is possible that predictions, forecasts, projections and other forms of forward-looking information will not be achieved by the Company. The forward-looking information contained herein is made as of the date hereof and the Company assumes no responsibility to update them or revise it to reflect new events or circumstances, except as required by law.