Exciting future - with the right raw materials
Elon Musk (CEO of Tesla and SpaceX) is working on his Starlink satellite Internet. 60 satellites are already in orbit and he has permission to send another 12,000 satellites. With a further 30,000, he wants to ensure worldwide Internet reception by 2030 at the latest. The idea is not new, but Musk's satellites are around 60 times closer to the earth's surface than those of their competitors.
By the way, Tesla has just announced a new delivery record for its electric cars. Electric mobility is picking up speed. The large shipping service Amazon also wants to have around 10,000 vehicles with electricity on the road by 2022. By 2030, all 100,000 will be electrically powered. Electric vehicles need more copper as raw materials than conventional vehicles and they need cobalt in their lithium-ion batteries.
Cobalt, for example, owns First Cobalt - https://www.youtube.com/watch?v=w5qwaBuKOw0ist=PLBpDlKjdv3yrDQa5PFryfr_CLtIUOQBeSndex=3=4s - with its Iron Creek cobalt project in Idaho. The Company also owns a cobalt refinery, which is the only approved primary cobalt refinery in North America. From 2021, it will process the material of third parties and produce cobalt. Work is already underway on the commissioning and expansion of the plant.
Copper is the business of Copper Mountain Mining. - https://www.youtube.com/watch?v=m7BCML1dKP0=126s - The Company holds a 75 percent interest in the Copper Mountain Mine, which produces approximately 90 million pounds of copper equivalent annually. But Copper Mountain is also looking for copper in Australia. The Eva copper project (approved and ready for development) in Queensland has recently scored with an increase in mineral resources. Measured and displayed slumber on the project about 2.1 billion pounds of copper.
Aktuelle Unternehmensinformationen und Pressemeldungen von First Cobalt (https://www.resource-capital.ch/de/unternehmen/first-cobalt-corp/) und Copper Mountain Mining (https://www.resource-capital.ch/de/unternehmen/copper-mountain-mining-corp/).
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