"… And you do not have to do anything else in this rEVolution, no fighting required, you should not be scared - we are talking just about your driveway. "They" are very scared now - you can still read and now you have the choice. This choice is about the real Energy Security, about distributed power systems with Sun and Wind, when you buy your electric car and can charge it with Solar at home. You are getting off the Oil Needle. One electric car at a time. How will you justify another war to "bring democracy" to another country if the Oil is not needed any more? But it is not our problem. Read more."
InsideEVs reports about the latest drama created by media around Elon Musk. He is the ceremony master of suspension and media with all its rumours makes Tesla marketing so effective without any advertisement. Everything is going according to his plan: Tesla will build Gigafactory to dramatically reduce lithium battery cost to close to $100 per kWh. First workers are already being deployed at the giant Gigafactory facilities in Nevada. It will allow Tesla Model 3 to start its conquest for the mass markets for electric cars world-wide. "To improve market affordability" Elon Musk will build Tesla Motors factories in the largest auto-market in the world in China and in Europe. Now Tesla is selling more electric cars in Europe already than in U.S. Tesla factory in China can bring the cost for Tesla Electric Cars by third, according to Elon Musk. Next very logical step will be to build Lithium Batteries Gigafactory in Europe and in China. Elon Musk has already discussed that Tesla will start looking for European Gigafactory location in the next year.
International Lithium Avalonia J/V with giant from China Ganfeng Lithium is strategically located in Ireland. I am calling Elon Musk to bring his next Gigafactory in Ireland with its highly educated competitive work force, very favourable tax regime and very capable government ready to propel its country into the post carbon economy. Apple's Electric iCar production facilities in Ireland will not hurt as well for this master plan if it ever happens - the rumours are still running wild on this one.
"I am using a lot of images, colours and videos. The wavelength is very important to get you tuned in properly, so that you can get the picture without any distortions. Digital age is helping us here. My Canadian will never allow me to put it short, smart and brilliant like Colbert: "I drive Tesla. I love it! It's fast - it's full electric. It's like a golf cart had sex with a Pegasus."
I will slow it down and will cut a new track for you as well. Basically, ILC was supposed to pay a loan back to Ganfeng in December of this year. All our assets were pledged against this last remaining loan. That is why International Lithium was trading as low as 1c at some point, despite of everything happening in EV and Lithium space. Now we do not have that loan any more. Our Team at ILC has hold the Net, nobody could pass us in that point. When leading Lithium materials producer in the World like Ganfeng with 1.7 Billion USD market cap respects your Net play and makes this deal it means only one thing: they respect the ILC Team and assets of International Lithium. Now Ganfeng's shareholders have approved increase in ownership in Avalonia Lithium in Ireland from 51% to 54% and Ganfeng has to spend total 10 mil CAD in order to bring its ownership to 79% and ILC will retain 21%. Read more."
Ganfeng Increases Stake In Avalonia Lithium Project, Ireland And Finalizes Exploration Loan Agreement With International Lithium For Mariana Lithium Project, Argentina.
"Mr. Kirill Klip, President, International Lithium Corp. comments, “The restructuring of our loan facilities with strategic partner Ganfeng Lithium provides ILC with financial relief and access to capital through the long term Exploration loan. In Argentina, all political candidates running in the upcoming elections are echoing the importance of mining and foreign investment to that country, something I view as very positive for our Mariana project. In Europe there is a growing concern that emissions standards are not being met with the clean diesel scandal paving the way for electric cars powered by lithium batteries. This gives our Avalonia project in Ireland strategic importance. Together with Ganfeng Lithium we continue to work towards supplying lithium as a raw material for clean power technologies in Europe and around the world.”
I will add to my quote above the recent developments with Ganfeng Lithium in China:
"Ganfeng Lithium has enjoyed the exponential growth in the last years and has grown to the ranks of Top Lithium Producers. It supplies BYD, LG Chem and Panasonic, which supplies cells for Tesla Motors. It became the strategic partner of International Lithium and finances our two lithium J/Vs now in Argentina and Ireland. During the last Shareholder Meeting in China on September 21st Ganfeng has presented latest information on its incredible growth, market share and that security of Lithium Supply is its major concern. You can find more details on Ganfeng Lithium website."
Please read carefully my legal disclaimer and never make any investment decisions without consulting with your preferred financial adviser.
After very lengthy negotiations our Team at ILC has made another major transaction with Ganfeng Lithium - 1.2 Billion dollars market cap giant from China. Now we do not have hanging over our heads short term debt. We have established the long term credit facility with Ganfeng to finance our part of exploration costs on Mariana Lithium project with the maturity in 2024! Access to the capital in our sector will separate winners from the rest of the lithium racers. Now the project is ready for the major advance stage. We are finalising the corporate structure and budgets for these developments.
With all Volkswagen and DieselGate news shattering Europe, it comes as no surprise that electrification of our transportation is the only commercially viable way forward - as you already know, in my personal opinion. LG Chem was very quick to announce the Lithium Battery plant to be build in Europe. I am calling on Tesla to bring its next Gigafactory to Ireland with its great corporate tax incentives, highly educated competitive work force and very competent government which is ready to propel its economy into the post carbon world. It will not hurt as well if Apple will decide at some point to build in Ireland some production facilities for its own Electric iCar. Rumours are running wild with this one, so we will see what the future brings to us here.
It is not a secret for my followers, that Ganfeng Lithium is knocking very hard on the Europe's doors and supplies Lithium to a lot of customers already in EU. Our J/V with Ganfeng in Ireland: Avalonia Lithium project - has received the major approval from Ganfeng shareholders and we are working on the budgets for the next exploration season now.
"It is time to talk about the people behind the scenes of rEVolution, who are working very hard to make the Green healthy future for your kids possible with the development of Clean Power and Lithium Technology at its foundation. Our CEO Gary Schellenberg has assembled unique and very deep technical team at ILC. I would like to start today with John Harrop - VP of Exploration of International Lithium Corp. He has picked all our projects on the three continents at the very dawn of the Lithium Race in 2008, now two of them have become J/Vs and financed by the giant from China Ganfeng Lithium, which is Strategic Partner of International Lithium and is holding 17.5% stake in ILC.
Apart from ILC John Harrop is VP of Exploration of our Precious and Energy Metals Royalty Holding Company TNR Gold and he has developed Shotgun Gold project in Alaska into almost 1 MOZ of Gold inferred resource project, waiting now for its turn to grow with the new strategic partner.
Now John is running our both exploration programs with Ganfeng Lithium in Ireland and Argentina with our COO Anthony Kovacs and preparing our Mavis Lake Lithium and Tantalum project for the new strategic partnership to take ILC to the next level. You can find his technical articles on the web and today I will present his latest thoughts about Green Metals. Read more."
Elon Musk is charging into the mass market for electric cars with its Tesla Model 3. Are you still wondering why all cars will be electric? Tesla Motors CTO JB Straubel has made his best video explaining it all in depth: Tesla's History, Lithium Technology and Tesla Energy to bring the Sun, Wind and other renewables to power our rEVolution. Tesla was created not just to produce the very expensive luxury best cars in the world which happen to be electric. It has the mission to make it possible for all cars to be electric. Today I would like to introduce Tesla Model 3 which will bring us the mass market in electric cars properly. Enjoy!
And if you would like to know more where the lithium will come from to power all this rEVolution and disruption of the few Trillion dollar industries, be my guest on my blog and the links below. Lithium technology has made it possible to store electricity - the most efficient form of energy known to us. Now lithium batteries will become cheaper and it changes everything. Read more."
Elon Musk Tweets: Model 3 To Launch In ~2 Years – China & Europe Could Get Factories To Support Demand