Australian Mines LTD (AMSLF)

[GetRich902902]

Nervous Asian battery makers are turning to Australia and Canada for early-stage cobalt projects.

"Mine developers say interest from Japanese and Korean firms is particularly strong as they compete with rivals from China, which has built deep supply chain ties with the Democratic Republic of Congo, the world’s top producer.

The central African country accounts for nearly two-thirds of global cobalt output and production is set to rise despite concerns over the use of child miners and rising royalties.
“We are starting to see the first signs of an arms race to secure long term cobalt supplies,” said Joe Kaderavek, chief executive of Australia’s Cobalt Blue.

“With over 85 per cent of new global cobalt supply over the next decade coming from Africa, in a region where the Chinese have entrenched relationships, the Korean and Japanese cobalt processing industries are very focused upon Australian and Canadian projects.”

"South Korean battery maker SK Innovation Co. Ltd. locked in a seven-year supply deal with Australian Mines last month, helping to win funding for a project that has yet to make a final investment decision and does not expect to produce any cobalt until at least 2020.
At least half a dozen Australian and Canadian mine developers are currently in talks on potential supply deals with battery and automakers for production at some point beyond late 2019-2021, company executives told Reuters."

It is evident that there is a race to secure raw material for EV batteries as they expect car manufacturers to ramp up production in the near future. Australia is one of the countries that is going to benefit from the EV revolution. So Australian Mines LTD (AMSLF)'s raw material is in demand. That is why SK Innovations signed the supply contract with Australian Mines LTD (AMSLF). THEY DESPERATELY NEED THE RAW MATERIALS FROM THESE MINES. So, when Australian Mines LTD (AMSLF) financing deal is announced expect its stock to skyrocket. The financing deal should be announced any day now. Expect the stock price rise substantially when that happens. Also, be expecting supply contracts on the rest of AMSLF's mines soon. This company is going to explode!!!


https://canada.autonews.com/article/20180319/CANADA/180319726/ev-demand-has-battery-makers-descending-on-canadian-cobalt-developers