Well i've previously suggested that CRR really needs a...

Well i've previously suggested that CRR really needs a cornerstone investor to come in and take a substantial stake ( say 10% to 15%) in the Company.

Just this week we've seen how effective that has been for VUL in Europe with Stellantis, one of the World's largest car makers taking an 8% stake in VUL for $76 Million, at a share price of $6.62 which was about 30% above the previous trading price of $5.
No doubt VUL will continue to rise in share price with this massive vote of confidence from a leading Car manufacturer coming on board to add stability and impetus to the Companies project development in Europe.
"Vulcan understands that this represents the world’s first upstream investment in a listed lithium company by a top tier automaker."

Elon Musk was also hinting at EV Battery Companies like Tesla, investing directly in Lithium miners to secure more stable supply and Lithium prices.



Now interestingly enough Stellantis is also in the process of building a massive EV Battery Gigafactory in Ontario Canada. Very close to where CRR have their 3 Lithium projects under development.

"Set to be located in Windsor, Ontario, the plant could stand to handle a significant amount of the automaker's output in North America when it opens in 2024, integrated into the nation's largest automotive manufacturing cluster.
Construction on the plant is scheduled to start this year with the factory reportedly having the facilities to support 2,500 new jobs once it is up and running.When complete, it could be the largest factory of its type in Canada, with an estimated annual output of 45 gigawatt-hours - enough for tens of thousands of EVs per year.Increasing domestic supply of batteries could come in handy as the automaker is looking to ensure 100% of its car sales in Europe are battery-electric by 2030, alongside 50% of its car and small truck sales in the US and Canada. It has set itself the ambitious target of selling five million EVs per year by the end of the decade, a target well above those of its peers."

https://industryeurope.com/sectors/transportation/stellantis-lg-boost-canadian-ev-sector-with-gigafactory-deal/

Further the Canadian Government are investing heavily in supporting miners to develop Critical Minerals and set up an EV Battery industry in Canada.




With Alex Biggs due to jet off to New York in the next couple of weeks to showcase the Company to leading investors, you would have to high expectations in the Companies ability to bring a major cornerstone investor on board as VUL has secured this week.

A further vote of confidence in where the Company is heading is that a Company Director bought 1 Million shares on market this week at 3.8c. Directors have a much better insight as to where the Company is heading in future than any any of us shareholders. A director buying on market is definitely a good sign.

With continual assay results due from Mavis Lake lithium project drilling and further exploration updates from CRR's other 2 Lithium projects in Canada we can expect plenty of good news in coming months.