Quote: Originally Posted by EagleSmack
Still proud? Excited?
Elon Musk's worst nightmare: child labor and cobalt supply | MINING.com
Saskatchewan to the rescue!
Shares in US Lithium (OTCMKTS:LITH) went ballistic Friday after the exploration firm announced it had acquired a copper, nickel, cobalt project in Canada’s Saskatchewan.
The Gochagar Lake project, until now property of Diamond Hunter, consists of four claims covering 3,759 hectares located in northern Saskatchewan approximately 75 km north of the town of La Ronge, the Nevada-based company said.
Other than copper, expected to be the best performing commodity this year, the area is know for having semi-massive and massive Ni-Cu deposits with significantly elevated levels of cobalt, a vital component in the manufacture of the latest generation of lithium ion batteries.
“With over 50% of the world’s cobalt currently supplied from the conflict-stricken Democratic Republic of the Congo, we welcome the opportunity to explore for this critical mineral in the mining friendly jurisdiction of Saskatchewan,” the company’s chief executive Greg Rotelli said in the statement.
Strip mining. Superduper ecofriendly.