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Why Canada’s latest deal with the U.S. creates trade barriers

  Canada must be aware that protectionism has returned which makes international trade complicated Canada faces new pressures on any attempts to ramp…

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This article was originally published by Canadian Investor

 

Canada must be aware that protectionism has returned which makes international trade complicated

Canada faces new pressures on any attempts to ramp up international trade.

In 1994, the United States, Mexico and Canada created a free-trade region with the North American Free Trade Agreement (NAFTA).

Considering that the U.S. has been the largest economy in the world from 1994 to now, NAFTA was a true asset for the Canadian economy. It’s estimated that the “total merchandise trade between Canada and the United States has more than doubled since 1993, and has grown over nine-fold between Canada and Mexico.”

However, former U.S. president Donald Trump deemed this trade deal detrimental for American jobs and wanted a renegotiation. He argued that the new treaty would “create nearly 100,000 new high-paying American auto jobs, and massively boost exports for our farmers, ranchers and factory workers. It would also bring trade with Mexico and Canada to greater heights, with higher levels of fairness and reciprocity.”

Ottawa and Mexico have accepted this renegotiation, resulting in the Canada-United States-Mexico Agreement (CUSMA), which replaced NAFTA on July 1, 2020.

Large portions of CUSMA are similar to the dispositions of NAFTA. For example, the tariff-free access to the North American marketplace for Canada’s export-dependent beef, pork and grain sectors, with improvements to certain elements.

The new deal also raises Canada’s duty-free level from C$20 to C$150 and the sales tax increase from C$20 to C$40. However, that only applies for U.S. goods ordered online. This solution will be profitable for Canadian customers but not for Canadian retailers, especially considering the strength of American digital giants.

In addition, there’s better protection for technology firms whose copyrights now extend to 70 years, up from 50 under NAFTA. And governments can no longer request source code from tech companies, and duties on electronic transmissions are prohibited.

However, some aspects of this new treaty show that it might be more beneficial for the United States than Canada and Mexico. Developed during the trade war waged by the Trump administration, CUSMA won’t prevent protectionist measures such as the 10 per cent tariffs on aluminum and the 25 per cent tariffs on steel imposed by the Trump administration at the end of May under Section 232 of the Trade Expansion Act. Moreover, considering that U.S. President Joe Biden is in favour of some protectionism, uncertainty remains, threatening Canadian trade.

North American protectionism is reinforced through numerous clauses under CUSMA. For example, to qualify for zero tariffs, the vehicle industry must produce 75 per cent of a vehicle’s components in North America, up from the 62.5 per cent under NAFTA. And 70 per cent of the steel and aluminum used in auto production must be produced and purchased in North America.

According to Clifford Sosnow, co-chair of Fasken’s International Trade and Investment Group, the energy space in North America will be less integrated than under NAFTA: “Under NAFTA, governments were prohibited from discriminating against other NAFTA party coal, uranium or petrochemical products with import or export taxes other than duties.” However, CUSMA removes this aspect.

CUSMA can also hinder potential trade treaties for Canada with specific countries. Section 31.10 of the agreement says that before negotiating a free trade agreement with a “non-market country,” the nation must inform the other CUSMA countries, at least three months before starting negotiations. In the United States, 11 countries meet this definition, including China. This could be problematic for potential trade agreements with Beijing, particularly for Canada. The U.S. could act as the judge of these agreements and place political pressure on the negotiations.

CUSMA is necessary for the Canadian economy. Refusal of this trade deal may prove to be worse than signing it. With most of the NAFTA disposition preserved, it remains a good tool for trade.

However, Canada must be aware that protectionism has returned and will make international trade more complicated and more regulated than before.

Moreover, the COVID-19 pandemic has increased protectionist behaviour in North America, along with the rest of the world. Canada might have a hard job defending its interests.

By Alexandre Massaux
Research associate
Frontier Centre for Public Policy

Alexandre Massaux is a research associate with the Frontier Centre for Public Policy.

© Troy Media

Energy & Critical Metals

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…

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Source: Streetwise Reports   09/24/2021

Blue 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.

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Disclosures:
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.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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.

The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. We did not make an independent investigation or inquiry as to the accuracy of any information published by the Company, or other firms. The author relied solely upon information published by the Company through its filings, press releases, presentations, and through its own internal due diligence for accuracy and completeness. Statements herein may contain forward-looking statements and are subject to significant risks and uncertainties affecting results.

This report or article is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed. This publication does not take into account the investment objectives, financial situation, or particular needs of any particular person. This publication does not provide all information material to an investor’s decision about whether or not to make any investment. Any discussion of risks in this presentation is not a disclosure of all risks or a complete discussion of the risks mentioned. We are not registered as a securities broker-dealer or an investment adviser with FINRA, the U.S. Securities and Exchange Commission or with any state
securities regulatory authority.

ALL INFORMATION IN THIS REPORT IS PROVIDED “AS IS” WITHOUT WARRANTIES, EXPRESSED OR IMPLIED, OR REPRESENTATIONS OF ANY KIND. TO THE FULLEST EXTENT PERMISSIBLE UNDER APPLICABLE LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE FOR THE QUALITY, ACCURACY, COMPLETENESS, RELIABILITY OR TIMELINESS OF THIS INFORMATION, OR FOR ANY DIRECT, INDIRECT, CONSEQUENTIAL, INCIDENTAL, SPECIAL OR PUNITIVE DAMAGES THAT MAY ARISE OUT OF THE USE OF THIS INFORMATION BY YOU OR ANYONE ELSE (INCLUDING, BUT NOT LIMITED TO, LOST PROFITS, LOSS OF OPPORTUNITIES, TRADING LOSSES, AND DAMAGES THAT MAY RESULT FROM ANY INACCURACY OR INCOMPLETENESS OF THIS INFORMATION). TO THE FULLEST EXTENT PERMITTED BY LAW, TWO TRIANGLE CONSULTING GROUP, LLC WILL NOT BE LIABLE TO YOU OR ANYONE ELSE UNDER ANY TORT, CONTRACT, NEGLIGENCE, STRICT LIABILITY, PRODUCTS LIABILITY, OR OTHER THEORY WITH RESPECT TO THIS PRESENTATION OF INFORMATION.


Information, opinions, or recommendations contained in this report are submitted solely for informational purposes.

The information used in statements of fact made has been obtained from sources considered reliable, but we neither guarantee nor represent their completeness or accuracy. Such information and the opinions expressed are subject to change without notice. This research report is not intended as an offering or a solicitation of any offer to buy or sell
the securities mentioned or discussed. The firm, its principles, or the assigned analyst may or may not own or trade shares, options, or warrants of this covered Company. We have received compensation of $2,500 by a third party to cover out distribution and production of this report. If additional compensation is received, future version of the
report will be updated to reflect this compensation.

Globe Small Cap Research has not in the past received compensation for the production of previous reports. The party responsible for the production of this report owns no
common stock and/or warrants in the subject Company, in any way, shape, or form. The views expressed in this research Company report accurately reflect the analyst’s personal views about any or all of the subject securities or issuers referred to in this Company report, and no part of the analyst’s or the firm’s compensation was, or will be directly or indirectly related to the specific recommendation or views expressed in this report. Opinions expressed herein reflect the opinion of Globe Small Cap Research and are subject to change without notice.

We claim no responsibility to update the information contained in this report. Investors should consider the suitability of any particular investment based on their ability to accept certain levels of risk, and should not rely solely on this report for information pertaining to the Company covered. We can be contacted at info@globesmallcap.com.

( Companies Mentioned: BSK:TSX.V; BKUCF:OTCQB; MAL2:FSE, )

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Energy & Critical Metals

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…

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(Don Boudreaux)

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:

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.

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Victory Resources Well-Positioned to Benefit from the Resurgence of Lithium

2021.09.25
The global lithium market has seen a resurgence this year as governments worldwide begin to take aim at more stringent environmental targets,…

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2021.09.25

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).

Smokey clay lithium project and other properties in the region

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.

Conclusion

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
Cdn$0.065, 2021.09.23
Shares Outstanding 89.9m
Market cap Cdn$5.85m
VR website

Richard (Rick) Mills
aheadoftheherd.com
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