As nations push for sustainable automotive technologies, electric vehicle (EV) start-up Fisker (NYSE:FSR) seems like a sure bet for powerful profits. Yet, FSR stock has fallen sharply from its peak price.Source: T. Schneider / Shutterstock.com
I’m not going to mince words here. Fisker isn’t a profitable business venture. Therefore, it requires a measure of faith and forward-thinking vision to invest in this company.
Eventually, we should start to see Fisker’s flagship vehicle, the Ocean, on the roadways. For the time being, the company is mainly in the testing and preparation phases.
Clearly, without concrete fiscal results right now, it’s going to be tough to sell Fisker to the public as an investable business. Still, perhaps we can find reasons for clean-energy enthusiasts to take a long position in this highly unusual EV manufacturer.
A Closer Look at FSR Stock
A year ago, traders had a chance to own FSR stock at around $14. In September of 2021, the share price is still close to $14.
That’s not to say that the stock didn’t go anywhere during the past 12 months. In fact, the Fisker share price nearly reached $32 in February.
Plus, there was a quick pop to $20 in June. The point here is that FSR stock has demonstrated the potential to achieve rapid double-digit or even triple-digit returns.
Perhaps Reddit users might target Fisker for a massive short squeeze. The share price is low enough to make the stock attractive to social media traders.
On the other hand, the stockholders don’t have to sit around and hope that r/WallStreetBets users set their sights on Fisker.
Instead, they can focus on the long-term bull thesis, which hinges on the clean-energy revolution coming to fruition.
Progress Through Collaborations
If Fisker has proved anything, it’s that a pre-revenue firm can demonstrate progress though value-added partnerships.
In a fresh presentation, Fisker set out a complex and ambitious investor thesis.
The company made it crystal clear that it’s committed to ESG (environmental, social and governance), as Fisker is aiming for 100% climate-neutral product(s) by 2027.
Furthermore, Fisker has set a target of 200,000 to 250,000 annual unit sales by 2025 across four vehicle offerings.
It’s easy to envision the FSR stock price moving up sharply if the company achieves these objectives in a timely manner.
That’s a big “if,” of course. Still, Fisker is working quickly towards its goals by collaborating with other businesses:
- Dec. 2020: Announced partnership with Cox Automotive for service/logistics
- Feb. 2021: Signed MOU (memorandum of understanding) with Foxconn to develop Fisker PEAR EV
- March 2021: Signed agreement with Crédit Agricole Consumer Finance to supply Fisker Ocean SUVs
- May 2021: Inked binding agreement with Foxconn for development and manufacturing of Fisker PEAR EV
- May 2021: Signed LOI (letter of intent) with Mekonomen Group as service partner for Scandinavian countries
- June 2021: Completed final contract manufacturing agreement with
Magna (through 2029)
A Firm Plan in Place
There’s one more crucial collaboration to add to the list. However, it deserves its own section.
In Fisker’s second-quarter 2021 results press release, the company wasn’t able to boast about huge profits or massive vehicle sales.
However, Fisker did provide some specifics regarding the company’s road map towards the eventual production of the Ocean.
In particular, Fisker executed a long-term manufacturing agreement with Magna Steyr for Ocean production.
This involves an expected production start date of Nov. 17, 2022.
There’s also a detailed ramp-up plan to reach production capacity of over 5,000 vehicles per month in 2023.
Moving over to the financial front, Fisker revealed that the company had a cash balance of $962 million as of June 30, 2021.
Therefore, at least we can affirm that Fisker is in a decent fiscal position, and that the company has a firm plan in place to commence Ocean production next year.
The Bottom Line
Maybe Reddit traders will push the FSR stock price to new heights, or maybe they won’t.
Instead of focusing on that possibility, investors can consider Fisker’s road map to vehicle production, which could happen sooner than the skeptics expect.
Besides, Fisker’s partnerships should add tremendous value to the company – not tomorrow or next week, but in due time.
On the date of publication, David Moadel did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.
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Why This Uranium Junior With Projects in Argentina Deserves Consideration by Investors
Source: Streetwise Reports 09/24/2021
Blue Sky Uranium has "low-cost extraction prospects and local market opportunities in a market with…
Source: Streetwise Reports 09/24/2021Blue Sky Uranium has "low-cost extraction prospects and local market opportunities in a market with high growth potential," a Globe Small Cap Research report noted.
With changing perceptions of nuclear energy in recent years, you could say that uranium is having a bit of a moment.
In keeping with the trend, Globe Small Cap Research concluded that Blue Sky Uranium Corp. (BSK:TSX.V; BKUCF:OTCQB; MAL2:FSE) is "worthy of active consideration and ongoing following for developments," according to a September 2021 research report.
The research firm provided an overview of the Canadian uranium company and the opportunity before it.
Globe Small Cap explained that Blue Sky Uranium is currently "proving the reserves, organizing operations and markets and devising plans to enter production" at its Amarillo Grande project, one of its two major mining areas in Argentina. To date, the company has made three discoveries at Amarillo Grande: Anit, Santa Barbara and, most recently, Ivana.
"Ultimately ... the world will increasingly rely on the uranium market, which means greater opportunity for Blue Sky."
The research firm highlighted that Blue Sky could produce uranium at relatively low costs at Ivana, a deposit the company estimates contains about 23,000,000 pounds (23 Mlb) of uranium and 12 Mlb of vanadium). Thus, Blue Sky intends to develop three prospective targets at Ivana: Ivana West, Ivana North and Ivana Central.
Because the uranium ore in those areas there sits about 25 meters below surface and in loose sand and gravel, drilling or blasting will not be needed to extract it, keeping down costs. Metallurgical testing has shown that initial processing of ore from Ivana is simple, thus, also lower in cost. Also, Ivana is close to a town, airport and seaport, so taking its product to market will not be costly either.
"The geology of the area is very similar to several of the most productive uranium mining operations in the world, located in Kazakhstan," wrote Globe Small Cap. "Mines in particular areas of Kazakhstan are able to extract uranium at below US$30 per pound, placing such operations in the bottom 25% of producers on a cost per pound basis."
During the summer, Globe Small Cap reported, the uranium company finished the first phase of its 4,500 meter drill program at Ivana. Results are pending but expected to expand the Amarillo Grande project. Blue Sky will use the data to identify areas of higher uranium concentration in the current drill area.
Globe Small Cap also pointed out that Blue Sky offers additional upside with its other potentially mineable target areas, including Ivana North and Ivana Central. The company is obtaining permits to drill at Ivana East and Cateo Cuatro. Further, drilling in 2017 showed a significant vanadium deposit present at Anit and potential mineralization as indicated by radiometric anomalies at Santa Barbara.
"The opportunity for Blue Sky in terms of vanadium production is significant in Argentina."
Also, the opportunity for Blue Sky in terms of vanadium production is significant in Argentina, as the country imports 100% of this metal. Vanadium demand by the steel industry, in which the metal is used as a strengthener, is increasing.
Also, Blue Sky has a second main uranium mining area in Argentina. In the Chubut province, it encompasses the Sierra Colonia, Tierras Coloradas, and Cerro Parva projects.
Globe Small Cap purported that global macroenvironmental factors are such that a uranium supply shortage is on the horizon. The OECD Nuclear Energy Agency and the International Atomic Energy Agency Project recently wrote in their "Red Book" that the world's need for uranium will increase 75% by 2040.
The impending supply-demand imbalance will be driven, Globe Small Cap Research wrote, by the world's expected increase in the use of nuclear power as more and more policymakers realize the industrial world needs it to deal with climate change. Already there are signs around the world of this shift in thinking, such as in Japan, which restarted several nuclear programs; in France, which is rethinking its nuclear power plant terminations; and in China, which is ramping up its addition of new nuclear power plants.
Ultimately, with this changing mindset, the world will increasingly rely on the uranium market, which means greater opportunity for Blue Sky and other uranium mining companies.
As for Argentina, the location of Blue Sky's projects, it does not have a domestic uranium supply and thus needs local, low-cost producers to supply its growing nuclear market. Blue Sky already is positioned to help meet that need, as it not only has projects in the country but also connections to the Argentine nuclear and steel industries and the South American mining industry.
"Blue Sky’s Amarillo Grande project in Rio Negro appears to be the first low-cost domestic uranium supplier in a position to take advantage of this opportunity," Globe Small Cap wrote.
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Blue Sky Uranium. Click here for important disclosures about sponsor fees.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Blue Sky Uranium, a company mentioned in this article.
Disclosures from Globe Small Cap Research, Blue Sky Uranium Corp., Sept. 2021
We do not own these shares and have no plans to acquire, purchase, sell, trade or transfer these shares in any manner at any time.
We have no association with anyone, or any group, with any plan to acquire, purchase, sell, trade or transfer these shares.
Any opinions we may offer about the Company are solely our own, and are made in reliance upon our rights under the First Amendment to the U.S. Constitution, and are provided solely for the general opinionated discussion of our readers. Our opinions should not be considered to be complete, precise, accurate, or current investment advice. Such information and the opinions expressed are subject to change without notice. Separate from the factual content of our articles about the Company, we may from time to time include our own opinions about the Company, its business, markets and opportunities.
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( Companies Mentioned: BSK:TSX.V; BKUCF:OTCQB; MAL2:FSE, )tsx otcqb tsxv vanadium uranium steel
The Enduring Relevance of Mises’s and Hayek’s Critique of Socialism
(Don Boudreaux) TweetIn my latest column for AIER I do my best to explain that the argument leveled against socialism by Ludwig von Mises and F.A. Hayek…
In my latest column for AIER I do my best to explain that the argument leveled against socialism by Ludwig von Mises and F.A. Hayek remains relevant even when the government’s goal is not full-on (‘classic’) socialism of the sort that was advocated in the first half of the 20th century. A slice:
markets hayek mises aluminum steel
Prices arise whenever prospective buyers offer to purchase inputs (including labor services) from owners who have the right to accept or reject these offers. The resulting pattern of prices reveals the prevailing, relative scarcities of different inputs. If the amount of steel necessary to build 10,000 lawn-mower blades is priced at less than is the amount of aluminum necessary to build 10,000 blades of the same quality, the blade manufacturer is not only informed by prices that steel is in more abundant supply for his purposes, the lower price of steel incents him to act on this information. He uses steel rather than aluminum. As my colleagues Tyler Cowen and Alex Tabarrok succinctly note in their textbook, Modern Principles of Economics, “A price is a signal wrapped up in an incentive.”
Importantly, applicability of the Mises-Hayek argument does not kick in only when the economy becomes fully socialized. While it’s true that the greater the extent of intervention the worse will be the resulting economic damage, the Mises-Hayek argument is the general one that all market prices are rich with information – information that is inaccessible without markets – and that whenever government acts to distort or hide this information the economy suffers.
Consider a government that intervenes only by imposing a protective tariff on steel. The resulting higher price of steel tells a lie to market participants; it tells them that steel is less abundant than it really is. If the tariff pushes the price of steel above that of aluminum, the blade manufacturer will produce the 10,000 blades using scarcer aluminum rather than more-abundant steel. Lawn-mower blades are thus produced using an input – aluminum – that ‘should’ be reserved to produce other outputs. These other outputs will either go unproduced or be produced in lower quality.
Yet in an economy as large as that of today’s global market, this lone inefficient use of resources will obviously not quake society’s foundations. Its impact won’t register on even the most sensitive economic Richter scale. Given the size and dynamism of the modern economy, detecting – not to mention measuring – the negative impact of this tariff on overall economic performance would be practically impossible.
While this lone intervention will not, unlike full-on socialism, cause economic collapse, its negative impact nevertheless is real. If the government adds to this protective tariff on steel a subsidy to aircraft manufacturers, the pattern of market prices is further distorted. More resources are used wastefully. More consumer goods and services that would have been produced go unproduced.
Victory Resources Well-Positioned to Benefit from the Resurgence of Lithium
The global lithium market has seen a resurgence this year as governments worldwide begin to take aim at more stringent environmental targets,…
The global lithium market has seen a resurgence this year as governments worldwide begin to take aim at more stringent environmental targets, driving up interest in electric vehicles.
A vital ingredient in EV batteries, lithium has seen its demand rebound from a sluggish two-year window between 2018 and 2020. In turn, the EV battery boom has given lithium prices a second charge.
In China, the world’s biggest EV market, the price of battery-grade lithium carbonate increased by 68% during the first two months of 2021 on the back of high battery demand, according to Benchmark Mineral Intelligence, a leading data provider for the Li-ion battery supply chain.
As of May 21, Benchmark’s year-to-date lithium index is up 74%, its lithium carbonate index gained 103%, and its lithium hydroxide index posted a 56.7% increase.
Lithium’s Second Rally
A similar trajectory is developing in H2 2021, with lithium prices continuing to climb and surging to their highest in more than three years thanks to an upsurge in EV sales.
Global sales of electric vehicles were up 150% in the seven months to July to just over 3 million units, compared to the same period in 2020, with about 1.3 million sold in China, according to EV battery consultancy Rho Motion. For 2021, Rho Motion expects global EV sales to reach as high as 5.8 million.
The EV boom has depleted stocks of battery materials such as lithium, causing the supply to tighten in major markets.
In China, lithium carbonate output in August rose 19% year-on-year to almost 20,000 tonnes, according to state-backed research house Antaike, but this output would be easily outstripped by demand from the EV sector.
Benchmark estimates that demand for lithium is expected to jump 26.1% or about 100,000 tonnes LCE to a total of 450,000 tonnes this year, flipping the market into a deficit.
A recent report by Roskill stated that competition for the control of EV battery production is also intensifying, with Europe aggressively building its own production capacity to challenge China.
“Right now it’s very simple: the market is so tight that players are fiercely competing for any spot tonnage available,” said Max Deudon, a trader at Transamine in Geneva. More investment in lithium production is needed to meet future needs of the electric vehicle supply chain, analysts say.
“Things are heating up and there is huge anxiety about where lithium supply is going to come from in the near future,” said Benchmark Mineral Intelligence analyst George Miller in a Reuters report.
“If new lithium doesn’t start coming to market, we might start to see electric vehicle production rates hamstrung by a lack of raw material supply,” he added.
One place that holds the key to unlocking the tightening lithium market is the US state of Nevada, which hosts an abundance of lithium-rich claystones that have yet to be fully explored.
Among those that have commenced exploration activities in Nevada is Victory Resources Corporation (CSE: VR) (FWB: VR61) (OTC: VRCFF), which is anticipating further advancement on its Smokey lithium project in the near term to benefit from the EV revolution.
Prolific Lithium Region
Victory’s Smokey lithium project is located about 35 km west of Tonopah, Nevada, within the famous Big Smokey Valley that traverses three counties across the state.
Esmeralda County — where the project is situated — is one of the world’s most prolific regions for lithium clay deposits (Noram, Cypress, American Lithium, Spearmint, Enertopia, Jindalee). These deposits all have proven large tonnages with acceptable lithium grades in excess of 900 ppm.
Albemarle’s Silver Peak, the only producing lithium mine in North America, is also found here, in an area known as Clayton Valley. Named after an early settler and mining engineer, the Clayton Valley has become a focal point of lithium exploration over recent years.
The Smokey lithium property lies approximately 35 km north of Clayton Valley, adjacent to and possibly on trend with the Clayton North project (930 ppm Li) held by Australia’s Jindalee Resources Ltd.
Farther away, Noram’s Zeus lithium project (900 ppm Li) is about 25 km to the southeast, while 35 km to the northeast is American Lithium’s flagship Tonopah Lithium Claims property (1,000 ppm Li).
In this prolific lithium region hosting, Victory’s Smokey project covers a total of 350 claims covering 7,000 acres of land with excellent access and relatively flat ground.
The property shares similar geologic settings to the Clayton Valley and the many exploration projects nearby. It is located in the Walker Lane trans tensional corridor on the western margin of the Basin and Range province.
The property’s geology consists of Miocene – Pliocene tuff deposits, claystones and siliciclastic beds (Esmeralda Formation) with overlying younger alluvium deposits and desert pavement formation. The claystone, which can carry high lithium concentrations, is observed as highly weathered light grey to tan mounds of unconsolidated clay from 0.10-1.50m thick.
The flat-lying nature of the claystones, together with the frequent occurrence of transported cover, requires drilling to fully validate and assess the Smokey project’s lithium potential as indicated by surface sampling.
Loner Property Update
The recent lithium rally isn’t the only positive development the company has to report on its growth prospects.
Earlier this month, Victory announced that extensive mapping, sampling and drilling on its Loner gold property, also in Nevada, have indicated the potential for a larger system than previously understood. As a result, the company has staked 8 additional claims and is re-evaluating the system.
Located 35 km south of Winnemucca in the southern Sonoma Range, the Loner property consists of 16 federal lode claims covering historic workings and exposed low-sulphidation gold mineralization. The project was optioned from Silver Range Resources for exploration purposes.
Bedrock grab sampling to date has returned up to 16.6 g/t Au, and chip sampling in old workings has returned up to 25.7 g/t Au over 1.83m. Prospecting during 2020 identified additional workings on the expanded claim block, with grab samples up to 10.6 g/t Au.
According to Silver Range, the strong gold and arsenic soil geochemical anomalies are coincident with the exposed mineralization and historic workings.
In May, Victory completed a drill program on the property, with the intention to better characterize the mineralization exposed in the known workings, and to evaluate the 200-300m wide zone of anomalous soils previously identified by Silver Range.
Ten holes for 496 metres of core were drilled in granite on the southwestern block of the property in order to find subsurface veins similar to the previously worked areas nearby.
The cores contained trace sulfides and quartz veining, but lab results showed anomalous gold throughout the granite adjacent to workings, with erratic high-grade gold (up to 15.7 g/t over a 50 cm section) in granite-hosted quartz veins. Samples also returned elevated values of arsenic (up 1,640 ppm).
At the time, the lack of silver or any other mineralization supported the company’s original hypothesis that the granite was low of the system.
Then in early July, a mapping project was conducted approximately 1 km to the north of the Loner drill program in Pershing county, Nevada.
Land was staked after two “grab” samples of mineralized rock were shown to contain over 1,000 ppm silver. This most recent project lasted 9 days and resulted in the collection of 18 rock samples, 85 soil samples, and a generalized geologic map of the newly staked property.
Field observations and current data indicate that there could be a larger system at play, should a relationship be established between the silver-bearing sandstone and proximal gold-bearing granite.
The Loner property was previously thought to be only a local epithermal gold deposit, but the size and complexity of hydrothermal activity have now led to a re-evaluation of the system. Assays of the soils and rocks collected throughout the property will reveal more information about the system, Victory said.
“From the time we optioned Loner in late December till now, the Victory team has accomplished a tremendous amount of work and we look forward to the assay results from this drill program, which will guide our next steps,” the company previously stated in a news release.
The fact that the property is in close proximity to an area in Nevada where the likes of Barrick and Kinross have interests bodes well for what’s yet to come.
Recent exploration in the area includes the Goldbanks project, an epithermal gold project, and the Coronado VMS project, which has been exploring for copper. While the Loner property is prospective for both these styles of mineralization, the latest findings suggest that this could be part of a bigger system.
While Victory is encouraged by its work to date on this highly prospective gold property in Nevada, the company is equally excited about the potential of its Smokey project within the lithium-rich part of the state.
Extensive sampling this year on the property has already shown strong results, including high lithium values in the claystones up to 1,500 ppm.
In the years ahead, targets to cut carbon emissions will be heavily dependent on how much rechargeable lithium-ion batteries we can produce for our electric vehicles.
Evidently, deployment of EV metals increased significantly in 2021. Data from Adamas Intelligence showed that the average lithium used per vehicle including hybrids was up 19% year over year during the month of July.
Surging demand for EV metals has already sent the price of lithium to its highest since 2018. Year-to-date, the battery mineral is up 162%, topping $21,000/tonne, according to Benchmark’s latest estimates.
Strong demand for lithium-ion batteries from EVs, consumer electronics and grid electricity storage systems are expected to put a strain on battery raw materials, including lithium, resulting in supply chain issues, Roskill forecasts.
This is where Victory’s Smokey lithium property comes into play. The company is looking to secure drill permits ahead of a drill program this year.
Given that the Clayton Valley region has become a hotbed for lithium clay deposits, a discovery hole at Smokey would be a game-changer for Victory and its recently expanded exploration focus from precious metals to battery metals.
Victory Resources Corp.
CSE:VR | FWB: VR61 | OTC:VRCFF
Shares Outstanding 89.9m
Market cap Cdn$5.85m
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