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Group Ten Metals Advances World-Class Battery and Platinum Group Metal Targets in Prolific Stillwater Mining District, Montana, USA
VANCOUVER, BC / ACCESSWIRE / September 16, 2020 / Group Ten Metals Inc. (TSX.V:PGE; OTCQB:PGE...
About this update from Stillwater Critical Minerals Corp
[{"type":"text","content":"Group Ten Metals Advances World-Class Battery and Platinum Group Metal Targets in Prolific Stillwater Mining District, Montana, USAVANCOUVER, BC / ACCESSWIRE / September 16, 2020 / Group Ten Metals Inc. (TSX.V:PGE; OTCQB:PGEZF; FSE:5D32) (the \"Company\" or \"Group Ten\") is pleased to provide an update from its 100%-owned flagship Stillwater West platinum group element-nickel-copper-cobalt and gold (\"PGE-Ni-Cu-Co + Au\") project, which the Company is advancing with the aim of becoming a leading US-based source of key battery metals and platinum group metals, including:Nickel - Stillwater West contains the type of nickel - nickel sulphide - that battery makers require to meet projected supply deficits driven by demand from the burgeoning Electric Vehicle (\"EV\") and energy storage industries. Group Ten is advancing Stillwater West with the intention of meeting the expected surge in demand, which follows multi-billion-dollar investments in EV production by auto manufacturers, through the delineation and development of environmentally-friendly nickel supplies in a premier American mining district, which presently includes three world-class mines and a smelter-metallurgical complex.Copper and Cobalt - Group Ten has also demonstrated potentially significant co-product values of copper and cobalt, two metals essential to electricity storage and transmission. Most of the world's cobalt production is from the Democratic Republic of the Congo, and there is demonstrated interest from both industry and governments in securing North American supplies of the metal.Platinum - Hydrogen fuel cells, such as those being advanced by General Motors' recently announced partnership with Nikola, require platinum catalysts. The Stillwater district is world-famous for its wealth of platinum group elements and Group Ten has demonstrated significant platinum co-product grades at Stillwater West. Supply deficits are projected by analysts due to continued falling platinum production from South Africa.Palladium - Along with platinum and rhodium, palladium is used extensively in catalytic convertors in vehicles to meet ever more stringent emissions standards. The Stillwater district hosts the highest-grade palladium-platinum mines in the world, and the largest outside of Africa and Russia. Multi-year supply deficits have caused palladium's price to rise su...