PALM BEACH, Fla., Nov. 11, 2020 /PRNewswire/ — The electric vehicle market has had some bumps in the road, but the industry has continued to move forward and to succeed by continually adapting… but their need for newer and better batteries and cells is an ever changing task… and the “recipe” of their energy cells is also evolving. Previously, according to the Wall Street Journal, one standard form of cathode—the most valuable part of an automotive-grade lithium-ion battery—used to contain equal parts of nickel, cobalt and manganese. Now it has eight parts of nickel to each one of the other two metals. A recent article in industry insider, future Net Zero, said that the sustainable nickel supply is becoming ‘serious issue’ for EV market and that EV powertrains are putting ‘sudden and unprecedented strain on several raw materials industries’… especially nickel. Active stocks in the markets this week include Tesla (NASDAQ: TSLA), Here To Serve Holding Corp. (OTCPK: HTSC), Nikola Corporation (NASDAQ: NKLA), Workhorse Group Inc. (NASDAQ: WKHS), Vale S.A. (NYSE: VALE).
The article, referring to a report from IDTechEx, said: “Nickel is increasingly replacing cobalt in electric vehicle (EV) batteries, making the environmentally-conscious supply of the metal a “serious issue” for the market. That’s the warning from IDTechEx, which says EV powertrains are putting “sudden and unprecedented strain on several raw materials industries” as they make up an increasing share of the world’s vehicles. One of the environmental issues brought about by nickel mining is the fact that the metal is typically mined from ores that contain only a very small amount of useful material, resulting in a significant volume of waste material.” The article continued: “(the) IDTechEx (report) highlights a trend towards increasing amounts of high-nickel content cathodes in EV batteries – nickel is an essential part of the cathode in lithium-ion batteries and allows a balance of energy and power density.”BMW, Hyundai and Renault use variants of the Lithium Nickel Manganese Cobalt Oxide (NMC) chemistry, while Tesl uses a Lithium Nickel Cobalt Aluminum Oxide (NCA) chemistry – in 2019, more than 95% of new passenger EVs sold used batteries of these types… The study notes demand for the metal is being driven by increasing nickel content in battery cells, as manufacturers switch to new chemistries to improve energy density and reduce cobalt dependence.”
Here To Serve Holding Corp. (OTCPK: HTSC) BREAKING NEWS: Fortune Nickel and Gold Inc. Receives Geo-Environmental Report – Fortune Nickel and Gold Inc. (“Fortune”), a wholly owned subsidiary of Here To Serve Holding Corp., has received a geo-environmental report from Prairie Fire Enterprises. The report noted no recognized environment conditions and provided several recommendations as to how Fortune explores its nickel-rich mining claims on its Gowan property.
Three salient recommendations noted in the report are as follows:
- Re-drill the borehole (FH-68) and drill test the five best geophysical anomaly targets. A review of historical drillhole datasets coupled with various government geological and geophysical airborne magnetic and electromagnetic map layers at the Gowan property (and vicinity) has resulted in the identification of preliminary drilling targets composed of multiple linear, easterly trending, electromagnetic anomalies (conductive zone) that extend over several miles long across the property where Fortune holds the mining claims.
- Perform a detailed review of the historical drill hole data that includes the overburden drilling results and the variation in paleo-topography.
- Previous drilling reports have confirmed semi-massive to disseminated base precious metals, including gold, silver, copper and zinc mineralization hosted in ultramafic rocks at the contact with felsic metavolcanics and intrusive rocks in central Gowan Township. The bimodal ultramafic and felsic…