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EVs & Energy Storage
 
The Guardian - August 25, 2022
The vote, hailed as a victory that could guide other states, comes two years after an executive order for zero-emission vehicles

California is expected to ban the sale of new gasoline vehicles by 2035 as the state takes dramatic steps to reduce emissions and combat the climate emergency…In a vote on Thursday, state regulators are expected to approve a plan to phase out the sale of gas-powered cars over the next 13 years in America’s largest auto market. The move is being hailed as a major victory that could point the way forward for others…“This is monumental,” said Daniel Sperling, a member of the California Air Resources Board (Carb), to CNN. “This is the most important thing that Carb has done in the last 30 years. It’s important not just for California, but it’s important for the country and the world.”…In 2021, only 12% of new cars sold in California were zero-emission, according to Carb. The new rule would require the state reach 35% of sales by 2026, 68% by 2030 and 100% by 2035…The measure, which Sperling said he was almost certain would pass, will be among the first of its kind and set an example to other states that often look to California when setting their own standards. Sperling told CNN the proposal faced “surprisingly little debate” and resistance from car makers, which have ramped up production of electric vehicles. General Motors has said it plans to sell only electric vehicles by 2035…“This is the most impactful step our state can take to fight climate change,” Newsom said at the time. “Californians shouldn’t have to worry if our cars are giving our kids asthma. Our cars shouldn’t make wildfires worse – and create more days filled with smoky air. Cars shouldn’t melt glaciers or raise sea levels threatening our cherished beaches and coastlines.”

 
npr.org - August 25, 2022
California is poised to set a 2035 deadline for all new cars, trucks and SUVs sold in the state to be powered by electricity or hydrogen...

California is poised to set a 2035 deadline for all new cars, trucks and SUVs sold in the state to be powered by electricity or hydrogen, an ambitious step that will reshape the U.S. car market by speeding the transition to more climate-friendly vehicles…California climate officials say the state's new policy will be the world's most ambitious because it sets clear benchmarks for ramping up electric vehicle sales over the next dozen years. By 2026, for example, one-third of new cars sold must be electric. About 16% of cars sold in California in the first three months of this year were electric…The European Parliament in June backed a plan to effectively prohibit the sale of gas and diesel cars in the 27-nation bloc by 2035, and Canada has mandated the sale of zero-emission cars by the same year. The Chinese province of Hainan said this week it would do the same by 2030…In the U.S., Massachusetts, Washington and New York are among states that have set goals to transform their car markets or have already committed to following California's new rules…Though hydrogen is a fuel option under the new regulations, cars that run on fuel-cells have made up less than 1% of car sales in recent years.

 
 
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.