ELECTRIC VEHICLES

Today Euro Manganese (ASX:EMN) announced a joint development agreement with Nano One®, a clean technology company. The co-development will test whether EMN’s manganese products work with Nano One’s battery cathode technology.

Our 2020 small cap Pick of the Year Vulcan Energy Resources (ASX:VUL) is no longer so small, and now looks set to get even bigger. VUL just announced that a 430 year old investment bank is going to list the company on the main German stock exchange, opening them up to huge amounts of new capital by providing access to German and European institutional investors.

After Stallantis EV day we flagged two further events happening out of Europe this week which we followed closely for any news that could drive demand for VUL’s Zero Carbon Lithium or EMN’s recycled and sustainably sourced Manganese.

Two more major events will happen in the next 48 hours that could shape the auto industry as we know it and further impact our investments in VUL and EMN: VolksWagen announces new group strategy 2030 and uropean Commission will announce an action plan to reduce carbon emissions by 55% by 2030.

Last night major automaker Stellantis announced they have “an Offtake MoU with a geothermal lithium partner in Europe” and also that manganese will be a key ingredient in their electric vehicle batteries.

TONIGHT At 11:30pm AEST new European car giant Stellantis is announcing its electrification strategy as a key enabler to sustain “clean, safe and affordable mobility”

Over the last 24 hours we have seen a lot of mainstream media about European automakers and their big moves into electric vehicles - the big automakers are probably timing their key media releases to coincide with the current attention on the climate goals of the G7 summit.

Last night Volkswagen held its very creatively named “Power Day” where its executive team announced its massive move into electric vehicles and batteries.

A few weeks ago we invested more in Vulcan Energy Resources (ASX: VUL) via the placement at $6.50 - as a long term hold. VUL’s share price has just come back to around the placement price, which often happens for a little while as the market digests the newly issued stock.

This morning one of our our portfolio superstar Euro Manganese Inc (ASX:EMN) just announced that European Union government backed entity EIT Inno Energy will invest €250,000 to fast track EMNs project and also help EMN secure up to €362M to develop EMN’s project.

It’s been a big couple of weeks for one of our long term investments Vulcan Energy Resources (ASX:VUL). After hitting a high of $14.20 and seeing huge trading volumes over the last week, the share price seems to be finding its feet between the $7 to $10 mark.

Vulcan Energy Resources Ltd (ASX:VUL, FRA:6KO) is our top ASX pick to ride the global Electric Vehicle Boom of the next decade. VUL today is one step closer to producing Zero Carbon LithiumⓇ in Europe, and supply to EU battery makers after releasing its PFS.

Vulcan Energy Resources (ASX: VUL | FRA: 6KO) ran up to a high of $5.67 yesterday and went into a trading halt. Vulcan Energy Resources (ASX: VUL | FRA: 6KO) ran up to a high of $5.67 yesterday and went into a trading halt.

Massive, sweeping changes are being made right now to evolve European industries to be environmentally friendly and socially responsible over the next 10 years. These new regulations are significant for one of our biggest stock holdings -  Euro Manganese Inc (ASX: EMN) who are “developing a green and European source of High Purity Manganese ”

European Union leaders will shortly gather at the EU Climate Summit to announce sweeping new climate action policies for the next decade. The right few words from EU leaders tonight could have explosive implications for Vulcan Energy Resources (ASX:VUL | FRA:6KO).

The announcement of Joe Biden as President elect, will usher in a new policy direction for the US government. There will also be several ASX winners under a Biden presidency.

Vulcan Energy Resources Ltd (ASX:VUL | FWB: 6KO) is our 2020 Top Pick of the Year and is currently the biggest position in our portfolio. We think there is a lot more to come for VUL and agree with prominent German research house Alster Research House calling a price target of $2.55.

Euro Manganese Ltd. (ASX | TSX.V EMN) intends to produce battery grade manganese by reprocessing tailings in the Czech Republic. Effectively the company will be waste recycling from historic mines, delivering high purity manganese to EU battery makers, whilst at the same time cleaning up what is currently a polluted site for the local community.