Canadian lithium-tech companies find traction amid rise of electric cars

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 80%

Colombia Noticias Noticias

Colombia Últimas Noticias,Colombia Titulares

Canada’s mainstream lithium miners continue to struggle suggesting the next wave of growth will come from technology — not geology

On Tuesday, Prime Minister Justin Trudeau travelled to Burnaby, British Columbia to announce his latest climate change initiative at the pilot plant of an upstart company that’s tinkering with lithium-ion battery technology.

So rather than targeting the global lithium market, which remains dominated by five large companies, Nano One is focusing on what is expected to be a $23 billion market for cathodes by 2025. It has no revenue, yet its facilities have emerged as a symbol of Canada’s rising green tech economy, where several policy initiatives have been announced in recent years.

Joel Jackson, a BMO analyst, wrote that in a best case scenario, the company would be able to close a $600 million equity raise announced earlier this year to cover construction cost overruns, and also secure new debt funding at similar terms to replace the bondholders.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.

Free market economics, end corporate welfare/supply management, balanced budget, respect constitution/individual rights, scrapping carbon tax, immigration policy that fulfills our economic needs, a foreign policy that puts Canadians FIRST. MaximeBernier

Now we're talkin'. That's the FUTURE! buylowsellhigh

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 10. in CO

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Canadian dollar rises to 10-day high as payroll earnings accelerateCanadian dollar rises to 10-day high as payroll earnings accelerate GlobeInvestor globeinvestor Your slave labor wages prop up the elite.. 🇨🇦
Fuente: globeandmail - 🏆 5. / 92 Leer más »