Thursday, September 02, 2021 6:36:53 PM
Wall Street Journal April 23, 2021 7:00 am ET
[[ I read the WSJ every day and missed this ]]
TORONTO—Investors are pouring money into car companies, battery makers and clean-tech startups that are poised to benefit from the global economy’s shift to electric power. But many small mining companies that supply the raw materials haven’t been invited to the party.
Uncertainty over the metals’ quality, the short- and long-term outlook for prices and the ability of North American miners to compete with their Chinese counterparts is making investors wary.
Bryce Crocker, the chief executive officer of Jervois Mining Ltd., is touting a cobalt project in Idaho. The Australian executive needs $100 million to open a mine on central Idaho’s Gant Mountain that the company says could eventually produce more than 15% of the cobalt consumed annually in the U.S. The blue-gray mineral is critical to making the batteries that power electric vehicles, laptops and smartphones as well as the alloys used to make jet-fighter engines.
After more than a year of fundraising, he is still seeking contributions from commercial banks, private-equity firms and hedge funds.
“We need the support of the capital markets,” he said. “But this is not a commodity that lenders have traditionally loaned against.”
Read more at:
https://www.wsj.com/articles/battery-metals-are-hot-but-these-miners-cant-get-investors-11619175601?st=xmnoq33q6i2ylat&reflink=desktopwebshare_permalink
Article includes
"
The Lind Partners LLC has invested about $100 million in the securities of Australian and North American companies mining critical minerals and rare earths.
"
Recent JRV News
- L'Organisme canadien de réglementation des investissements permet la reprise de la négociation - JRV • PR Newswire (Canada) • 07/23/2024 11:44:00 AM
- Canadian Investment Regulatory Organization Trade Resumption - JRV • PR Newswire (Canada) • 07/23/2024 11:42:00 AM
- Suspension de la négociation par l'Organisme canadien de réglementation des investissements - JRV • PR Newswire (Canada) • 07/22/2024 12:20:00 PM
- Canadian Investment Regulatory Organization Trading Halt - JRV • PR Newswire (Canada) • 07/22/2024 12:18:00 PM
- Junior Miner CEO Sees Blue Sky Potential for Major Discovery in Saskatchewan • AllPennyStocks.com • 07/18/2024 09:01:00 PM
ZenaTech, Inc. (NASDAQ: ZENA) Launchs IQ Nano Drone for Commercial Indoor Use • HALO • Oct 10, 2024 8:09 AM
CBD Life Sciences Inc. (CBDL) Targets Alibaba as the Next Retail Giant for Wholesale Expansion of Top-Selling CBD Products • CBDL • Oct 10, 2024 8:00 AM
Foremost Lithium Announces Option Agreement with Denison on 10 Uranium Projects Spanning over 330,000 Acres in the Athabasca Basin, Saskatchewan • FAT • Oct 10, 2024 5:51 AM
Element79 Gold Corp. Reports Significant Progress in Community Relations and Development Efforts in Chachas, Peru • ELEM • Oct 9, 2024 10:30 AM
Unitronix Corp Launches Share Buyback Initiative • UTRX • Oct 9, 2024 9:10 AM
BASANITE INDUSTRIES, LLC RECEIVES U.S. PATENT FOR ITS BASAFLEX™ BASALT FIBER COMPOSITE REBAR AND METHOD OF MANUFACTURING • BASA • Oct 9, 2024 7:30 AM