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QMC Responds to Announcement of Canadian Electric Vehicle Production
QMC Responds to Announcement of Canadian Electric Vehicle Production Canada New...
About this update from Qmc Quantum Minerals Corp.
[{"type":"text","content":"\n \n \n \n QMC Responds to Announcement of Canadian Electric Vehicle Production\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n VANCOUVER, BC, Oct. 20, 2020\n \n \n \n \n \n VANCOUVER, BC\n \n ,\n \n Oct. 20, 2020\n \n /CNW/ --\n \n QMC Quantum Minerals Corp., (TSX.V: QMC) (FSE: 3LQ) (OTC PINK: QMCQF)\n \n (\"\n \n QMC\n \n \" or \"the Company\") is extremely pleased with the recent\n \n $3.3B CDN\n \n funding announcement to build Electric Vehicles (\"EV\") and batteries within\n \n Canada\n \n as the company is ideally positioned to source the required metals.\n \n \n \n HIGHLIGHTS:\n \n \n \n \n \n \n $1.8 Billion\n \n Federal and Provincial Funding for Oakville EV plant\n \n \n \n \n \n $1.5 Billion\n \n Fiat Chrysler investment in Windsor EV plant\n \n \n \n \n Critical elements: lithium, copper, zinc, nickel\n \n \n \n \n Historical resource of\n \n 1.2M\n \n tons of 1.51% lithium oxide\n \n \n \n \n Extensive potential of copper, nickel, gold, and zinc with 41 deposit potential targets\n \n \n \n \n QMC is in an extremely favourable position to gain significantly through the announcement on\n \n October 8\n \n \n th\n \n by the Federal Government of\n \n Canada\n \n and the Province of\n \n Ontario\n \n that they would provide a total investment commitment of\n \n $590 million CDN\n \n into the\n \n $1.8-billion CDN\n \n retooling of Ford Motor's\n \n Oakville Ontario\n \n assembly plant making it the hub of EV production in Canada. This investment and retooling will make Ford Motor's Canadian production facility the largest electric vehicle assembly plant in North America. This project will build five new electric vehicle models and the batteries that will power these vehicles.\n \n \n Fiat Chrysler followed up a week later announcing a\n \n $1.5-billion\n \n investment in their\n \n Windsor\n \n assembly plant. The investment would outfit the factory with the state-of-the-art equipment that will enable the assembly of plug-in hybrids and battery-powered vehicles with at least one new model in 2025. The pla...