First up we see the U.S. department of defence spending on nickel exploration:
https://www.reuters.com/markets/commodities/us-dept-defense-signs-deal-boost-domestic-nickel-production-2023-09-12/
Almost as if it’s a strategically important metal, being used in everything from steel to batteries to bullets!
https://republicofmining.com/2009/02/13/nickel-closest-thing-to-a-true-‘war-metal’-by-stan-sudol/
Next up we see opposition to mining the sea gaining pace:
https://www.mining.com/sec-shuns-tesla-request-to-omit-shareholder-proposal-on-deep-sea-mining/
That might also tell us that Tesla needs more nickel but doesn’t want to admit it?
Oh well- I can only agree with those opposing mining the sea. It’s potentially very harmful to fish stocks via heavy metals ( basically dissolved ), that are safely locked up in sediments- where they should be.
Once again we see more than one reason why resources like ours- and ours in particular thanks to its scale - are crucial for the West.
All good stuff as we move closer to the announcement which will very likely inform us of funding for the DFS, something which would generate a lot of interest from investors & government etc planners/commentators alike!
For that my guess is the DFS funding will be where Sumitomo/Mitsubishi will earn their seat at our table.
The funding for the build would then come mostly from loans which the partnership would pay back together.
If all goes as expected- still no jinxes here!
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