Despite what's happening on the DOW which is reflecting a lot of general economic conditions , there is equally a lot going on independently and separately from this in the lithium , rare earths , and other battery minerals and battery supply chain spaces.
And these developments will just keep coming and pushing forward irrespective of what's currently ailing other sectors of business and the global economies.
And we have seen all of this in just the past week or so in how the lithium sector has virtually disconnected itself from the overall direction of the broader Markets.
O.K so last night was a pretty BIG hit on the DOW , and there are definitely good reasons that the FED wants to gently put the handbrake on the economy and key consumer purchases while the broader supply chain issues of the economy pivot back to Domestic sources of manufacture and service delivery and support.
So it is pretty much already expected that this while come at some level of short term pain for the average consumers , but I'm not so sure and definitely am not convinced that 2% FED expectations on inflation are EVER achievable again quite frankly. Because , that economic triple dichotomy of asset deflation , sustained growth , and zero cost of money was a phenomenon in itself which will most likely never repeat itself again - at least not in the near future.
So what is an acceptable economic growth rate , spending rate, and employment rate at a given interest rate. Of course there are other important and competing interconnecting factors like what is the acceptable skilled immigration rate etc....
But essentially , we are NOT even remotely in the same economic paradigm as we once were with the ' accepted ' 2 - 3% inflation band set by many of the West's central banks. And we know that if and when the Ukraine crisis ends and a general settling of global tensions with China calms itself and finds a new level , that inflationary pressure will ease as well.
So in the meantime while globalization as we once knew and accepted stalls out a bit more , we have to live with the fact that China won't be growing at its previous unsustainable rates . But what we should see is increased growth in those critical and emerging industries like that which we see in Electric Vehicles, energy storage , and renewable's. Health care and continued growth in innovative tech and financing industries should also provide new pathways to increased productivity and overall manageable consumer demand expectations.
So deals like we've seen this week with Mercedes and VW who are BOTH setting themselves for their future markets and production demand are NOT going to stop.
Nor are deals which we just saw yesterday in the Twiggy Forrest owned Wyloo Metals who has continued to back Hastings Technology Metals with $150 million further contribution in Hasting's bid for a 22.1% strategic stake in Canadian EV rare earths metals processor and advanced permanent electric vehicle magnets producer Neo Performance Materials Inc.
And talk about a ' cheeky ' preemptive M&A move where Hastings in valued as at yesterday at A$501 million after its 15.15% increase verses Neo's pre-stake Market Cap of C$605 million , and its closing MC last night of C$677.22 million ( A$751.98 million ) or an increase of 11.84% on its pre- hastings stake price the day before.
So a real ' David and Goliath ' type story emerging here with one of our very own Mining personality giants in Forrest.
So the Australians are definitely coming for the North American Markets via Canada's entry into critical minerals mining. So we know we have CRR , WR1 Sayona and others who have already come... And there will no doubt be more , with more being a great sign of what's to come in this industry in Quebec. What's good for one will ultimately be good for ALL.
It was mentioned earlier of Brinsden taking up the role of non executive chairman at Patriot Battery Metals . And why wouldn't the Patriots be jumping out of their skin on that.
Patriot is an interesting one . So not only does Patriot have their flagship Corvette lithium project in the James Bay region of Quebec , they also have another 3 lithium projects in their Lac du beryl , Eastmain , and Pontax projects which are ALL within 50 kilometres and under to Critical Elements Rose Li / Ta project , Nemaska's Whabouchi , and Galaxy's original James Bay lithium project.
Apart from all these facts , it's flagship Corvette project has had only 4 holes drilled and in my opinion is an infant project with potentially many many more environmental issues in developing with respects to proximity to waterways & streams etc.... than even Authier had with its Esker issues. But its not stopping them from going ahead with a 10,000 metre drilling program which will commence in November and planned to run through the winter months.
But what is almost more interesting is that ASX listed Cygnus Gold who's SP was up a nice 13.46% yesterday has undertaken an earn in whereby its has acquired 70% of Canadian lithium explorer Stria Lithium's Pontax project which is a little more advance with a total of 7 holes drilled with reasonable percentage grades showings.
So Cygnus is also commencing a 10,000 metre program within the next month on the CIRCLED area shown in Patriot's Map of their 100% own Pontax lithium project.
What's also interesting is that when you look into land package holdings a little further , they (Patriot ) acquired their Corvette lithium project off Osisko's O3 mining back around 2016 just after Sayona had picked up its Authier project. So , as it turns out , the Corvette project is located in the Cree Nation trapline region of Chisasibi where as at December 2021 there was only 1 Lithium minerals project recorded out of a total of 31 potential mineral projects , and of which their Corvette project was the one lithium project. Patriot's other 3 projects including Eastmain , Lac du beryl and Pontax are located in the Eastmain trapline Cree district with Lac du beryl and Pontax being located in the same trapline district as Sayona's Moblan is of course , and along with 4 others is located in the Cree trapline territory of Mistissini. as is Patriot's Corvette lithium project.
Winsome's Adina , Critical Elements's Rose , Bourier & Lemare projects , Vision's Sirmac project acquired from Nemaska in 2017 are also located in the Mistissini Cree trapline district with Nemaska falling into the Cree Nemaska district even though it is just as close in proximity to the 3 other Patriot Quebec lithium projects
And I guess not that distance to your Corporate registered office is any measure of advantage or success these days , it's equally interesting that Osisko's ( Parent ) is in Toronto , as is DORE Copper out of Chibougamau and Troilus Gold near Moban , whereas say Vision Lithium is based in Val d'Or.
Newmont and Sumitomo who has an alliance with Kennorland Minerals who also operate in close nearology to Moblan are BOTH in Vancouver .
Durango who is also featuring strongly now in the lithium space in Quebec as well as Patriot Battery Metals are also out of Vancouver ..... whereas the BIGGER ones like Osisko Royalties and Osisko James Bay , Critical Elements , Quebec Precious Metals , and Sayona Mining & Sayona Quebec are based in Quebec's largest commercial metropolitan city of Montreal .
Nemaska's Cree Nation's trapline contact is recorded as Quebec City.
And you can see by the steps outlined in the December 2021 tables of the Cree Nations Exploration Report ( see below ) how far advanced Moblan is as compared to many of the others.
You can also see how many more steps are likely to have to be ticked over when compared to Nemaska's reported and documented journey.
What's interesting is that Nemaska is on Category II Crown land held under jurisdiction of the Province of Quebec which provides for multiple access and utility including care and custodial environmental ownership of the Cree First Nations peoples and the Nunavut in the NW Territories.
In fact most of the Land in Canada is either on Federal Crown land ( 41%) , Provincial Crown land around 48 % with the remainder of approximately 11% being owned privately. So essentially , Queen Elizabeth II still owns most of Canada ( technically of course .......) .
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