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Arbor Metals Encouraged by Tesla Interest in Sigma Lithium
(TheNewswire) Vancouver, Canada – TheNewswire - February 20, 2023 – ...
About this update from Arbor Metals Corp.
[{"type":"text","content":"Arbor Metals Encouraged by Tesla Interest in Sigma Lithium\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver, Canada\n–\n \n \n TheNewswire -\n \n \n February 20, 2023 –\n \n \n Arbor\nMetals Corp. (\n \n \n “Arbor”\n \n \n or the “\n \n \n Company\n \n \n ”)\n(TSXV:ABR\n \n \n )\n \n \n ,\n \n \n (\n \n \n FWB:432) views the news late on\nFriday, February 18\n \n \n th\n \n \n , 2023, that Tesla has been exploring a\ntransaction with near-term lithium producer, Sigma Lithium\nCorporation, as an encouraging synergy between EV lithium end-users\nand development-stage lithium producers, that may expand directly into\nproject participation or financial support for lithium exploration and\ndevelopment.\n \n \n \n \n Even at a preliminary-stage, a potential transaction\ninvolving Tesla and Sigma has been viewed positively by the markets\nand the lithium sector. It has been widely reported that Tesla and its\nCEO Elon Musk have shown a continued interest in the extraction and\nrefinement of lithium over the past five years.\n \n \n \n \n With General Motors Co. recent (January 31\n \n \n st\n \n \n , 2023) US $650\nmillion investment in Lithium America Corp., directed at the\ndevelopment of the Thacker Pass lithium project in Humboldt County,\nNevada, we see another similar end-user EV carmaker supporting a\nnear-term producer.\n \n \n \n \n Arbor management feels the emerging lithium districts\nin northern Quebec and Ontario could be well positioned to supply\nCanadian-sourced spodumene lithium products to both EV carmakers and\ndeveloping new battery plants. Both Canada and the USA are focused on\nsupporting domestic sources of lithium to meet soaring demands.\n \n \n \n \n The Company’s Jarnet Lithium Project covers multiple\npegmatite dikes which the Company's geological team have identified as\nsimilar to the pegmatite dikes on the CV-5 target. The Jarnet Lithium\nProject, located in the James Bay region of Quebec, comprises 70\nmap-designated claims, covering an area of approximately 3,759\nhectares. The Jarnet South block is less than two km northwest of\nPatriot Battery Metals Inc.’s (PMET) CV-5 pegmatite zone, where an\naggressive diamond drill program is in process, having made a number\nof significant discoveries. PMET ...