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EVs & Energy Storage
 
Argus Media - July 13, 2020
Europe is rapidly becoming a global hotspot for growth in the electric vehicle (EV) market, with incentives introduced by multiple national governments expected to drive growth over the next five years. EVs accounted for 6.8pc of Europe's total vehicle sales in the first quarter of 2020, up from a

Europe is rapidly becoming a global hotspot for growth in the electric vehicle (EV) market, with incentives introduced by multiple national governments expected to drive growth over the next five years…EVs accounted for 6.8pc of Europe's total vehicle sales in the first quarter of 2020, up from a 2.5pc share a year earlier, in part because of an overall drop in sales due to Covid-19 but also indicating robust demand within this sector. Overall, EV market share crept up to 3pc in 2019 from 2pc in 2018, according to the ACEA…Meanwhile, the number of EV models available in the EU market is set to reach 214 by 2021, up from 98 at the end of 2019, according to the European Battery Alliance…In the EU's largest market, Germany, several carrot and stick policies have been designed to increase EV demand…In addition, all EVs in France are subject to a tax exemption from CO2-related taxes. France has subsidies of up to €7,000 for households buying EVs below €45,000 and a scrappage scheme of up to €5,000 for households and €2,500 for individuals…Spain has reduced tax by 75pc for EVs in big cities like Madrid and Barcelona, and a scheme which subsidises the purchase of EVs by €4,000-5,000 depending on if a vehicle seven years or older is scrapped. In Italy, EVs are tax exempt for five years from registration and get a 75pc reduction in tax after that…Every country in the EU 27 plus the UK, excluding Lithuania, offers incentives, tax reductions or a combination of both…Investments in EVs were €60bn in 2019 according to the group's estimates, compared to €17bn in China. German carmakers could overtake Chinese companies in 2021 in EV production, according to the European Battery Alliance.

 
Morningstar - July 14, 2020
South Korea's government on Tuesday proposed a roughly $130 billion five-year economic initiative aimed at spurring post-pandemic growth ...
, respectively. Artificial intelligence, 5G networks, electric vehicles, hydrogen-powered cars and remote ...

South Korea's government on Tuesday proposed a roughly $130 billion five-year economic initiative aimed at spurring post-pandemic growth and reshaping the country's economy…The planned spending will focus on transforming Korea into a more environmentally friendly and digitally powered economy, the ministry said…Artificial intelligence, 5G networks, electric vehicles, hydrogen-powered cars and remote medical services are among the sectors that the new initiative will focus on, the ministry said, adding that some of the spending will be used to bolster the country's social welfare.

 
Unknown - July 14, 2020
(Argus) — South Korea's electric vehicle (EV) exports surged to an all-time high in June as Hyundai Motor ramped up production of crossover models, portending higher demand for nickel and other battery metals.

EV exports rose by 175pc from a year earlier to more than 13,500 units, data from South Korea's trade, industry and energy ministry (Motie) show…Volumes are up sharply this year, with batteries supplied mainly by South Korea's LG Chem. But limited battery capacity has continued to constrain output of some EV models…South Korea's combined exports of EVs, plug-in hybrids and hydrogen cars totalled about 156,000 units in this year's first half, or nearly 19pc of total shipments, compared with an 8.7pc share in January-June 2019

 
CNN.com - July 13, 2020
New York (CNN Business)Fisker, an electric vehicle maker and considerably smaller rival to Tesla, is expected to become a publicly traded company following a merger backed by private equity firm Apollo Global Management. New York (CNN Business)Fisker, an electric vehicle maker and considerably

Fisker, an electric vehicle maker and considerably smaller rival to Tesla, is expected to become a publicly traded company following a merger backed by private equity firm Apollo Global Management…The two companies announced the $2.9 billion deal Monday, which is expected to close in the fourth quarter of this year. In the agreement, Fisker will merger with Spartan Energy Acquisition, an affiliate of Apollo…The deal will help Fisker bring to market its Ocean SUV, which was unveiled at the Consumer Electronics Show earlier this year…The new vehicle is "designed for optimal space and usability," according to Fisker. It includes features like a a "California Mode" button, which opens all the windows at one touch and a rear hatch window that can roll down to allow long items -- such as surfboards -- to hang out the back. The Fisker Ocean will be available in late 2022 and cost about $40,000.

 
 
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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Fortune Minerals Limited does not endorse or guarantee the accuracy or completeness of any third party publication regarding the Company and accepts no liability for any direct or consequential losses arising from its use. The information contained in third party publications is subject to verification by the user and Fortune is under no obligation to provide, or comment upon, such publications. This communication is not, and under no circumstances is to be construed as, an offer to sell or a solicitation to buy any securities. Any decision to invest in securities in the secondary market or otherwise should only be made after consulting the investor’s own investment, legal, accounting and tax advisors in order to make an informed determination of the suitability and consequences of such investment.

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.