BATTERY METALS

Vulcan Energy Resources (ASX:VUL) today announced that it has produced a battery-grade lithium hydroxide monohydrate (LHM) sample that grades better than the current best-on-the-market battery grade specifications required by offtake customers.

Last night major automaker Stellantis announced they have “an Offtake MoU with a geothermal lithium partner in Europe” and also that manganese will be a key ingredient in their electric vehicle batteries.

TONIGHT At 11:30pm AEST new European car giant Stellantis is announcing its electrification strategy as a key enabler to sustain “clean, safe and affordable mobility”

Over the last 24 hours we have seen a lot of mainstream media about European automakers and their big moves into electric vehicles - the big automakers are probably timing their key media releases to coincide with the current attention on the climate goals of the G7 summit.

Massive, sweeping changes are being made right now to evolve European industries to be environmentally friendly and socially responsible over the next 10 years. These new regulations are significant for one of our biggest stock holdings -  Euro Manganese Inc (ASX: EMN) who are “developing a green and European source of High Purity Manganese ”

Euro Manganese Ltd. (ASX | TSX.V EMN) intends to produce battery grade manganese by reprocessing tailings in the Czech Republic. Effectively the company will be waste recycling from historic mines, delivering high purity manganese to EU battery makers, whilst at the same time cleaning up what is currently a polluted site for the local community.

Comet Resources (ASX:CRL) is set to acquire the Barraba Copper Project, located in NSW and encompassing areas of the Peel Fault zone which hosts the historic Gulf Creek and Murchison copper mines.