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EVs & Energy Storage
 
News Cision - October 9, 2019
The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2019 to John B. Goodenough, M. Stanley Whittingham,...
that, like the cathode’s cobalt oxide, can intercalate lithium ions. The result was a lightweight, hardwearing battery that could be

The Royal Swedish Academy of Sciences has decided to award the Nobel Prize in Chemistry 2019 to John B. Goodenough, M. Stanley Whittingham, and Akira Yoshino for the development of lithium-ion batteries. This lightweight, rechargeable and powerful battery is now used in everything from mobile phones to laptops and electric vehicles. It can also store significant amounts of energy from solar and wind power, making possible a fossil fuel-free society…The foundation of the lithium-ion battery was laid during the oil crisis in the 1970s. Stanley Whittingham worked on developing methods that could lead to fossil fuel-free energy technologies…John Goodenough predicted that the cathode would have even greater potential if it was made using a metal oxide instead of a metal sulphide. After a systematic search, in 1980 he demonstrated that cobalt oxide with intercalated lithium ions can produce as much as four volts…With Goodenough’s cathode as a basis, Akira Yoshino created the first commercially viable lithium-ion battery in 1985. Rather than using reactive lithium in the anode, he used petroleum coke, a carbon material that, like the cathode’s cobalt oxide, can intercalate lithium ions…Lithium-ion batteries have revolutionised our lives since they first entered the market in 1991. They have laid the foundation of a wireless, fossil fuel-free society, and are of the greatest benefit to humankind.

 
BNN Bloomberg - October 8, 2019
(Bloomberg) -- It was a once-unthinkable move: purposely shutting off power to millions of people and plunging a major metropolitan area into darkness. And yet, come Wednesday, utility PG&E Corp. plans to shut electricity to 800,000 California homes and businesses -- representing roughly 2.4

And yet, on Wednesday, utility PG&E Corp. began cutting electricity to almost 800,000 California homes and businesses -- representing roughly 2.4 million people -- to prevent wildfires as high winds are forecast to whip through the state. The outages will hit 34 counties, including much of the San Francisco Bay area, triggering a scramble by residents to prepare for what may be days without power…For PG&E, forced into bankruptcy by devastating fires that its equipment has ignited over the past two years, there is no alternative. The shutoff is a key strategy for preventing its power lines from sparking another deadly -- and costly -- conflagration. It’s largely unprecedented. Never before have California utilities intentionally put so many people out of power for their own safety. Nor have they darkened heavily populated cities in addition to rural areas…As California’s climate warms and dries, the massive blackouts could become a new, annual ordeal…“We have a grid that was built to manage a set of circumstances that don’t exist anymore,” said Michael Wara, director of the Climate and Energy Policy Program at Stanford University. “We are having to adapt to new circumstances brought about by climate change.”…The Bay Area shutoffs will affect major cities including Oakland, San Jose and Berkeley, which warned residents especially in hillside neighborhoods to prepare for six days without power…Within the Bay Area blackout zones, residents were rushing Tuesday to buy food, water and electric generators -- almost as if a hurricane were approaching. 

 
Reuters Africa - October 9, 2019
* Climate agreement brings relief to fractious coalition * Measures could be tightened in parliamentary upper house * Greens,...
road toll for trucks from 2023. It also wants to extend subsidies for electric cars and broaden a charging network. It also wants to revive

The German cabinet on Wednesday approved climate protection measures designed to drastically cut greenhouse gas emissions, keeping on track plans by Chancellor Angela Merkel to pass the landmark package this year…As Merkel and her ministers met at the chancellery, hundreds of Extinction Rebellion climate activists blocked a major bridge nearby on the third day of global protests designed to press governments to take more drastic action against global warming…U.N. climate scientists warned in a report last month that if emissions of greenhouse gases are not slashed the world must face a reality of cities vanishing under rising seas, rivers running dry and marine life collapsing…The overall goal of the measures - priced at 54 billion euros - is to cut German greenhouse gas emissions to 55% of the 1990 level by 2030…Activists and the ecologist Green party, which has a strong position in the upper chamber, have been outraged by plans to introduce a carbon dioxide price of 10 euros ($10.97) a tonne for transport and heating in buildings from 2021 and gradually increase it to 35 euros in 2025…Economists and activists had hoped for a starting price of at least 40 euros and point to Switzerland where that price is about 90 euros for heating with fossil fuels…The government also wants to raise car and air traffic taxes as well as increase a road toll for trucks from 2023. It also wants to extend subsidies for electric cars and broaden a charging network…It also wants to revive onshore wind turbine construction after it declined due to bureaucracy and citizens’ opposition. Building up renewable energy capacity is paramount given plans to phase out both nuclear and coal power plants.

 
Bloomberg - October 8, 2019
New larger model could be built on common platform with Nissan French carmaker plans to offer electric models in all segments

Renault SA is rushing to keep up with rivals to tap growing demand for electric cars in Europe with new models -- possibly with the help of Nissan Motor Co...The French carmaker is mulling a new all-electric car, bigger than its best-selling Zoe, that could compete with the likes of Tesla Inc.’s Model 3 and Volkswagen AG’s ID.3. The car may be produced on a common platform with Nissan and third alliance partner Mitsubishi Motors Corp., according to Emmanuel Bouvier, commercial director of Renault’s electric car business…Renault and Nissan moved early among mass-market carmakers to offer electric vehicles with the Zoe and the Nissan Leaf, but the models lack major shared components or underpinnings…Carmakers are rapidly expanding their electric offerings to keep up with tougher emissions standards globally. While sales are growing, battery-powered vehicles remain a niche product with buyers put off by limited driving ranges and patchy charging points. That could change as a string of affordable new models move into showrooms, like the Peugeot 208 small car and the ID. 3, both retailing for around 30,000 euros ($33,000).

 
The Wall Street Journal - October 8, 2019
Tesla CEO Elon Musk, left, and Kazuhiro Tsuga, CEO of Panasonic. Photo: Photo Illustration: Dave Cole/WSJ; Photos: AFP/Getty Images, Bloomberg News

Five years after committing to invest billions of dollars in a shared battery factory in the Nevada desert, Panasonic has a strained relationship with the electric-car pioneer. The Gigafactory was supposed to boost profits, cement Panasonic’s future in automotive electronics and give Tesla easy access to the most important—and expensive—component of its vehicles…Instead, the partnership has exposed a culture clash between the conservative, century-old Japanese conglomerate accustomed to consensus and the 16-year-old Silicon Valley upstart built around Mr. Musk’s vision for upending 100 years of automotive tradition…In 2010, Panasonic agreed to make batteries for the Model S. The car received rave reviews, and Panasonic reveled in being at the forefront of electric-car development…Mr. Musk wanted to create an unrivaled battery factory to supply the hundreds of thousands of cars Tesla planned to build. In 2014, Tesla announced it would join with suppliers to invest as much as $5 billion to build the Gigafactory, which would be owned and managed by Tesla, and persuaded Panasonic to come on board. Panasonic said it could contribute up to $1.6 billion over time…Mr. Musk frequently demands Panasonic lower its battery prices, calling Mr. Tsuga’s cellphone directly and emailing and text-messaging him, according to a Panasonic executive with knowledge of the matter…Mr. Tsuga won’t budge. During his most recent meeting with Mr. Musk, he told him Panasonic wanted to get paid more for its batteries as soon as Tesla is securely profitable, according to a person familiar with the matter…“Elon makes these repeated price-cut requests, and one time I told him we would consider a complete withdrawal of my people and facilities from the Gigafactory in response,” Mr. Tsuga said in his September comments to reporters. “That’s how a negotiation with Tesla goes.”

 
 
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.