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The ERX is slated to begin trials with customers in 2021, with volume production ramping up in 2022. It has a small battery pack that can be charged on board by a natural-gas-fired generator. It is a unique setup that saves truckers weight.
An electric truck designed for long-haul applications without a generator would have to have so many batteries that towing capacity would be compromised. It would simply be too heavy. Logistics companies and their customers would be paying, essentially, to haul batteries across the country. Hyliion believes its ERX will be lighter than existing diesel-powered rigs.
Natural gas is also a cleaner-burning, less carbon-intense fuel than diesel. Hyliion says there are already more than 700 stations in the U.S. that can refuel with natural gas. The same can't be said about hydrogen-filling stations.
"Renewable natural gas is another megatrend," said Thomas Healy, Hyliion's founder and CEO. He's referring to natural gas that is generated from sources such as landfills, not by taking it out of the ground. Burning it is theoretically "carbon negative" because the carbon dioxide that is released is less damaging to the atmosphere than methane just floating away.
"California believes it needs more natural gas powered vehicles, they have too much renewable natural gas," Healy said.
By using renewable natural gas, just 335 ERX-powered trucks could eliminate a million metric tons of CO2 over their lifetimes, the company estimates. That certainly could be motivation enough for environmentally minded logistics companies.
But Hyliion also believes that the total cost of owning and operating a truck with an ERX drivetrain will be lower than for conventional diesel-powered trucks available today -- even with a higher upfront cost. Tesla has made the same argument about the battery-electric truck it is developing.
There are promising early signs of interest. Agility (AGLTY.Kuwait), a global logistics company based in the Middle East, has a preorder for 1,000 ERX powertrains. Agility is also taking an equity stake in Hyliion, as part of a $325 million private investment in public equity, or PIPE, that will come when Hyliion merges with Tortoise.
I think the ERX is a super winner. See below
Scroll down to how it works
https://www.hyliion.com/erx-page/
[color=red][/color]Study this carefully.
https://www.sec.gov/Archives/edgar/data/1759631/000121390020015311/ea123187ex99-3_tortoiseacq.htm
Then buy HYLN at current prices.
Regular trucks: Diesel engine charges batteries, batteries drive
electric motors that propel the vehicle.(1000s of trucks)
Lowered CO2
ERX Truck: Natural gas engine (no diesel engine) charges the
batteries which in turn supplies electricity to the
electric drive train. (1000 contracts for ERX)
Very low CO2
Look at the Staff:
https://www.gigametals.com/corporate/the-team/management/
Wild speculation:
I heard or read somewhere that:
Elon Musk my try to use the "the Boring Company" to mine Nickel
maybe with Mega Metals. The negotiations would be longer.
The raw nickel would be bored out horizontally with no open pit mining
and the tunnel would be refilled with treated and co2 neutralized dirt.
Probably would be a cheaper procedure as well.
Pervious post:Thank you for the nickel news.
I extracted from that, this part:
Giga Metals provides update on nickel market. “We were not surprised to learn today about Vale’s decision to place their High Pressure, High Temperature Acid Leach [HPAL] operation in New Caledonia, commonly known as Goro, on care and maintenance” said Mr. Vydra. “HPAL is exceedingly complex and can be prone to failure. Even the best designed and constructed facilities must rely on experienced and well-trained personnel or they are likely to suffer setback after setback.” Earlier this year the Ambatovy HPAL operation in Madagascar was also placed on care and maintenance. These two operations represent nameplate capacity of close to 120,000 tonnes per year of nickel and 10,000 tonnes per year of cobalt. “The continued growth in lithium ion batteries relies on available nickel in the form of intermediates, powders or briquettes of which 2020 production is expected to total 477,000 tonnes according to Wood Mackenzie. Goro and Ambatovy represent 71,000 tonnes of that total in 2020, which demonstrates how tight the market could become,” continued Mr. Vydra. “400,000 tonnes of nickel equates to approximately 8 million Electric Vehicles (EVs) utilizing 50 kg of nickel per EV. That’s not too far in the future and when you consider that it takes anywhere from 5-10 years to bring a nickel operation such as HPAL into production, the nickel available for lithium ion batteries could be in deficit sooner than OEM’s and cathode manufacturers realize.”
A Reuters analysis found that global automakers plan to spend a combined
US$300 billion on EVs over the next decade. In the last year, carmakers made some
major cash commitments:
Audi is accelerating EV spending to €12 billion by 2024 and plans to offer 30 electrified (20 fully electric) vehicles by 2025.
BMW is funnelling €10 billion into new battery-cell contracts for its upcoming electric cars. It hadn’t launched a new all-electric
car in seven years, but three new ones are coming online by 2021.
Hyundai just committed US$17 billion for electric and driverless cars by 2025 (less than half of that will go to EVs, so roughly
US$8 billion).
Fiat Chrysler has committed to investing €9 billion to launch more than 30 electrified cars by 2022.
Volkswagen plans to spend €60 billion on rolling out 75 fully electric models and 60 hybrid vehicles over the next five years.
GM announced a US$2.3 billion joint venture with South Korea’s LG Chem to build an EV battery factory, in addition to spending
US$3 billion to build an electric pickup factory in Detroit as part of its plan to add 20 new battery-electric and fuel-cell vehicles
by 2023.
Ford in 2018, said it plans to spend US$11 billion by 2022 to produce 40 new electrified cars.
Nissan is pumping US$9 billion into China alone to bring more EVs to that country and plans to introduce more than 20 electric
models by 2022.
Toyota earlier in 2019, said that by 2025 all models will have electrified versions. It’s spending US$2 billion on developing EVs in
Indonesia alone through 2023.
Daimler in 2018, announced plans to buy €20 billion worth of battery cells for its EVs by 2030. Its entire Mercedes product range
will be electrified by 2022.
Volvo will launch a new electric car every year through 2025, when it will phase out gas-only car sales entirely. Volvo told
Corporate Knights it doesn’t disclose its spending on EVs.
Any news?
Where is everybody?
Any news?
Where is everybody?
Any news?
Where is everybody?
Any news?
Where is everybody?
Giga Metals is actively advancing its flagship Turnagain nickel sulphide deposit with the aim of sustainably producing 40,000 tonnes of nickel per year. The Company has been supporting work with the University of British Columbia on CO2 sequestration in the pursuit of producing environmentally friendly nickel with the objective of building one of the world’s first carbon neutral mines. For more information visit www.gigametals.com
From previous link:
Alongside its goal to reduce pollution from driving, Tesla is also striving to reduce its own carbon footprint.
“Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way,” CEO Elon Musk said in July.
Giga Metals's GIGA.V low carbon nickel plans include turning waste from its mining operations into cement type rock using carbon dioxide in the atmosphere, and using hydropower.
Giga Metals’s President Martin Vydra declined to comment on any talks with Tesla, but said: “Giga is actively engaged, and has been for some time, with automakers regarding our ability to produce carbon neutral nickel.
“The cost of developing our project, excluding bringing hydroelectric power to the site, will be less than $1 billion.”
Tesla did not respond to requests for comment.
Why did HNCKF spike?
Check out this:
Billionare invests in Mega Metals (October 2019)
Giga Metals Provides Update on Nickel Market
Vancouver, British Columbia--(Newsfile Corp. - September 9, 2020) - Martin Vydra, President of Giga Metals Corp. (TSXV: GIGA) today provided an update regarding certain nickel market developments.
"We were not surprised to learn today about Vale's decision to place their High Pressure, High Temperature Acid Leach (HPAL) operation in New Caledonia, commonly known as Goro, on care and maintenance" said Mr. Vydra. "HPAL is exceedingly complex and can be prone to failure. Even the best designed and constructed facilities must rely on experienced and well-trained personnel or they are likely to suffer setback after setback."
Earlier this year the Ambatovy HPAL operation in Madagascar was also placed on care and maintenance. These two operations represent nameplate capacity of close to 120,000 tonnes per year of nickel and 10,000 tonnes per year of cobalt.
"The continued growth in lithium ion batteries relies on available nickel in the form of intermediates, powders or briquettes of which 2020 production is expected to total 477,000 tonnes according to Wood Mackenzie. Goro and Ambatovy represent 71,000 tonnes of that total in 2020, which demonstrates how tight the market could become," continued Mr. Vydra. "400,000 tonnes of nickel equates to approximately 8 million Electric Vehicles (EVs) utilizing 50 kg of nickel per EV. That's not too far in the future and when you consider that it takes anywhere from 5-10 years to bring a nickel operation such as HPAL into production, the nickel available for lithium ion batteries could be in deficit sooner than OEM's and cathode manufacturers realize."
Giga Metals is actively advancing its flagship Turnagain nickel sulphide deposit with the aim of sustainably producing 40,000 tonnes of nickel per year. The Company has been supporting work with the University of British Columbia on CO2 sequestration in the pursuit of producing environmentally friendly nickel with the objective of building one of the world's first carbon neutral mines. For more information visit www.gigametals.com.
On behalf of the Board of Directors,
"Martin Vydra"
Martin Vydra, President
GIGA METALS CORPORATION
Tel - 604-681-2300
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
https://www.gigametals.com/site/assets/files/4809/hnc-turnagain-pa-dec-5-final.pdf
from the above document
1.8.1 Power Supply
Since the Wardrop PEA the awarding of the construction contract by BC Hydro for the
Northwest Transmission Line (NTL) to Bob Quinn and the upholding of the Federal
approvals for the Red Chris project just east of Tatogga Lake have increased the certainty
of power supply for the Turnagain project. The Valard study commissioned by HNC
evaluated three points of connection, Bob Quinn, Tatogga Lake and Dease Lake, and also
138 kV vs 287 kV transmission voltage. It concluded that a reasonable base case for this
report was a 287 kV line from Tatogga Lake following Highway 37 to a switching station just
south of Dease Lake and then via the access road to step-down substations at the mine
site.
The Valard study also developed the capital and operating costs for this base case as
detailed in Section 1.10.
Not included in the Valard study were the BC Hydro inter-connection fees which have been
the subject of separate discussions between BC Hydro and HNC and which are also
included in the capital cost estimate.
Thanks two previous post!
Maybe something is going on with MegaMetals and Tesla
The Turnagain project contains the largest undeveloped nickel and cobalt resources in the world
Nickel sulfide ore is most suitable for refining into the first grade nickel required by battery manufacturers
Cobalt from a stable supply jurisdiction will be better than that from the Democratic Republic of Congo (currently accounting for 65% of the supply).
This is MagaMetals website in Chinese, translated by GOOGLE,They have a Chinese Rich as well.
http://www.nafinance.com/zGetCompanyProfile.aspx?tradedSymbol=Giga&langCd=Cn
Giga Metals Corporation acquires, explores for, and develops mineral properties in Canada. The company explores for nickel and cobalt sulphide deposits. It owns a 100% interest in the Turnagain property comprising 71 contiguous mineral claims covering an area of 38,000 hectares located in the Liard Mining Division of northern British Columbia. The company was formerly known as Hard Creek Nickel Corporation and changed its name to Giga Metals Corporation in August 2017. Giga Metals Corporation was founded in 1983 and is headquartered in Vancouver, Canada.
This the interview I referred to:
The current CEO of GiMet, was the CEO of an oil Company (previous to the current job) that went from 35 cents to 150 Dollars.
See the last video interview referenced here.
they have about $400 Million
Specualtion:
The fact that Musk avoided talking about nickel's source.
may be an indication that something about MEGA_M may be going on.
TheSeeker:
"Giga is a Nickel play. Nickel is entering a phase of supply and demand problems. More will be needed and therefore the price must rise in order to support cost to produce more. Currently nickel is about $7.50 lb. It needs to be in the $10-$12 range. Giga's nickle deposit has potential 10 to 50x."
Please watch this recent video (9/18/2020, After Hours) about MegaMetals.
It's the quality and amount of Nickel this mine has that counts!
If your an investor it's well worth watching this investors actions and
and looking at the future.
From post #475:
Brother they can produce 40K tons of nickel and 2k tons of cobalt per year. The price for a ton of nickel is $15089 right now and a ton of Cobalt is around 39k, so the company could make around $600M with the nickel and 78M with the Cobalt per year. That's $678M revenues, and now consider just 3x p/b ratio to make it 2B revenues, divided by 60M OS gives us an estimated pps of $33 hehehe
Hoped to be surprised on Tuesday. Musk is looking out for Tesla!
There are many buyers besides Tesla
Giga Metals Corporation aims to be a premier supplier of the battery metals that will be needed as the world progresses to a future powered by clean energy. We are currently focused on two of the key metals used in the batteries of electric vehicles: Nickel and Cobalt.
Our Turnagain Project is among the largest undeveloped nickel-cobalt sulphide deposits in the world in terms of total contained nickel. The NI 43-101 compliant resource contains 5.2 billion pounds of nickel and 312 million pounds of cobalt in the measured and indicated categories, plus a further 5.5 billion pounds of nickel and 327 million pounds of cobalt in the inferred resource category.
The growth in electric vehicles and energy storage is accelerating and, as a result, we intend to fast track the development of the Turnagain Project. Our goal is to supply battery manufacturers with the high-quality nickel and cobalt feedstock that they require.
We are also actively seeking other battery metals projects. There will be a shortage of these types of metals over the next decade as the clean energy revolution takes place.
Sugarmade Inc (OTCMKTS:SGMD) is in the process of expanding into the LA area for its BudCars cannabis delivery business. This is likely to be a strong source of new strategic growth for a company that has already been posting sequential monthly growth above 30% on the topline for several consecutive months after making its flagship investment in BudCars.
At this point, based on recent disclosures from the company, we have a clear sense that, not only is the first LA location on track and simply awaiting some factors no doubt slowed by the pandemic – city council isn’t exactly on vacation right now. Crisis mode is the standard setting for most administrative affairs in local government around the country right now. However, the other key piece here is that the second LA BudCars location is ahead of schedule. That’s perhaps even more important here.
Sugarmade Inc (OTCMKTS:SGMD) also recently issued its performance update for the month of July, where it saw total July BudCars gross sales come in at of $662,836, representing 32% month-over-month sales growth, which represents the fourth month in a row that we have seen that kind of monster monthly growth from this company.
In addition, the company reported total July BudCars gross profits of $310,489, representing 36% month-over-month gross profit growth. Again – that’s insane. We also saw average daily gross sales increase 32% m/m to $22,095, total customer tickets increase 33% m/m to 5,579, and calendar Q3 move to a pace to potentially more than double calendar Q2 total BudCars sales. That means we are likely going to see BudCars post over 100% sequential quarterly growth.
Sugarmade Inc (OTCMKTS:SGMD) has been posting major growth updates on a regular basis over the past couple months as its BudCars model takes apparent flight. The rate of sales growth expected from the company in 2020 has walked up a steep ladder, with the latest guidance suggesting we could see it north of $30 million in annualized sales by year-end, which would represent blow-out growth in 2020 for the company by any reasonable standard.
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SugarMade Is happy to announce to its $SGMD shareholders, the House of Representatives plans on voting this month on the #Marijuana #Decriminalization Bill. Great timing as we have major announcements & revenue on the way for #Budcars. Stay tuned & #StaySafe.
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Try the carryoutsupplies.com
Canada Nickel (OTC:CNIKF +28.9%) shoots to an all-time high after saying it is looking into building a $1B facility that will process zero-carbon nickel, just days after Tesla's Elon Musk pledged a "giant" contract to miners that produce the key battery metal.
"The electric vehicle chain and broader market in general is crying out for zero-carbon product," Canada Nickel CEO Mark Selby tells Bloomberg.
Selby says the potential plant would be developed in the Timmins-Cochrane region of northern Ontario, exploiting the company's proximity to hydroelectric power to reduce emissions.
Nickel futures (LN1:COM) climb to a six-month high, up as much as 1.5% to $13,865/ton, highest since Jan. 22.
ETF: JJN
'Please mine more nickel,' Musk urges as Tesla boosts production
Yilei Sun, Melanie Burton
4 MIN READ
BEIJING/MELBOURNE (Reuters) - Tesla Inc (TSLA.O) boss Elon Musk urged miners to produce more nickel, a key ingredient in the batteries that power the company’s electric cars, warning the current cost of batteries remained a big hurdle to the company’s growth.