Climbing To A New 52-Week High On Big Drilling News, (RGDCF) Is Now Up Approximately 10%
RGDCF remains green this morning and is now up approximately 10%.
On top of that, when RGDCF hit a high of $.7081 this morning, it reached a new 52-week high.
Could more be on the way?
In case you haven't read it yet, check out the big company news release this AM: Patriot Battery Metals Collars First Drill Hole on the Corvette-FCI Property, James Bay Region, Quebec, Canada
Furthermore, RGDCF continues to display several bullish technicals over the short, medium, and long term according to Barchart along with a triggered "TrendSpotter" composite indicator.
As news continues to trickle in moving forward from RGDCF's flagship property where drilling is just now underway, could it send this profile to news heights?
Take a second now and read my initial report below.
Leaders from all over the world have big plans to battle climate change.
The U.S. just pledged to reduce emissions by up to 52% over the next several years.(1)
Europe wants to cut CO2 emissions by up to 55% by 2030.(2)
China says it’ll stop releasing CO2 in the next 40 years.(3)
To cut emissions, they all want millions of electric vehicles (EVs) on the roads. Unfortunately, it CANNOT happen without enough lithium and copper supply.
There’s just one problem...
Right Now, the World is Running Dangerously Short on Copper and Lithium Supply
Good news is there's one company I've been following that could be in a prime position to become a world leader due to this supply crunch.
For Thursday, September 23rd, there is only exploration company to have on your radar:
Patriot Battery Metals Inc. (RGDCF)
Patriot Battery Metals Inc. is a mineral exploration company focused on the acquisition and development of mineral projects containing battery, base and precious metals.
Patriot Battery Metals Inc. also trades on the Canadian Securities Exchange under the symbol (PEMT) and on the Frankfurt Stock Exchange under the symbol (R9GA).
The Company’s primary asset is the Corvette-FCI Property which hosts numerous occurrences of copper, lithium, and high-grade gold. In addition, the Company holds several other properties that are prospective for lithium, copper, gold, and high purity silica.
Copper And Lithium Market Overview
COPPER and LITHIUM are crucial to much of the modern world and, in particular, industries and technologies related to sustainable energy.
COPPER possesses electrical and chemical properties delivering superior conductivity (both electrical and thermal) increasing the efficiency of numerous energy-related systems that rely on electric motors and transformers.
These same properties are also highly prized and integral to the harvesting, storage, and distribution of energy from renewable sources such as solar and wind.
LITHIUM is another key element in the infrastructure and technology of the world of tomorrow. With a range of target markets covering everything from personal electronics to transportation, to large-scale energy storage and distribution projects, lithium is a key asset with almost limitless usage scenarios.
A GLOBAL SHORTFALL
In the next ten years, the world may have to face the prospect of a huge shortfall of copper, arguably the most critical metal for today's economies.
Copper is used in all areas of modern life from pipework and wiring in the home to batteries and motors used in both vehicles and energy harvesting and storage systems. As a result, copper is a key ingredient in the drive towards renewable power and fully electric vehicles. Unless the supply deficit is addressed, prices will keep rising as scarcity increases and this will present a huge challenge to world leaders who have pledged to fight climate change through the transition to renewable energy.
In order to close the deficit in supply (estimated to rise to 4.7 million metric tons by 2030), the copper industry would need to spend upwards of $100Bn, according to estimates from CRU Group. Worse, the potential shortfall could actually be as high as io million metric tons if no new mines come online, according to commodities trader Trafigura Group.(7)