Agoracom Blog Home

Author Archive

BetterU Education Corp. $BTRU.ca – How these #Edtech startups are disrupting education and teaching young #India $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:06 AM on Wednesday, October 2nd, 2019
SPONSOR:  Betteru Education Corp. aims to provide access to quality education from around the world. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.
BTRU: TSX-V

How these edtech startups are disrupting education and teaching young India

  • According to a 2016 KPMG report, the Indian edtech market is pegged to touch $1.96 billion by 2021.

By Apurva P

Not just study material, the edtech sector is a career-shaping space that has all the tools to enhance skillsets. From teaching normal subjects to robotics or blockchain through technology, these startups are at the helm of an industry worth over $247B.

In a country like India where the participation of the IT sector in GDP is irreplaceable, the growth and relevance of the edtech sector is not surprising. According to a 2016 KPMG report, the Indian edtech market is pegged to touch $1.96 billion by 2021.

Today, it is a highly demanding sector for investors and entrepreneurs. While the edtech space in India has got a unicorn like Byju’s, there are also other players like Simplilearn, Toppr, Khan Academy and UpGrad among others leading the disruption.

Here are some edtech startups that are making technical education accessible, and are enabling talented personnel.

Learning Matters 

Having recognised the need for school education to be more engaging – especially in rural and semi-urban schools – three colleagues came together to launch Learning Matters, a technology-driven solution that not only makes learning more engaging but also helps teachers upgrade their skills.

Learning Matters Founders (L-R) Saras Ramamoorthy, Ramamoorthy G, and Gowri Mahesh are working on creating tech-driven solutions for the education sector.

This Bengaluru-based startup set up by Ramamoorthy G (aka Moorthy), Gowri Mahesh and Saras Ramamoorthy uses Alexa and videos to teach lessons.

Learning Matters offers four (related) products: The Star Teacher programme, the Star Teacher Tool Box, Tara (the cloud-based, NLP-powered virtual voice teacher), and Kengine, a curated library of learning videos from across the world, translated into Indian languages.

Great Learning

Gurugram-based edtech startup Great Learning aims to set professionals up for a “learning for life” with the high-quality and industry-relevant programmes. 

Its user base is mostly mid-career professionals who want to upskill to stay relevant with market requirements or are unsatisfied with the education they have received earlier.

Team Great Learning

Founded in 2013 by Mohan Lakhamraju, the edtech startup claims to have impacted more than 60,000 people so far by providing various opportunities for upskilling.

Great Learning offers courses in business analytics, machine learning, artificial intelligence, data science, cloud computing, etc. 

Extraclass

Launched by Persainjit Singh, Prakash Gupta, and Swati Gupta, Extraclass aims to motivate students with rewards for studying by measuring the effort and not the outcome. 

The Extraclass app, presently available for Android, helps students prepare for school, college, and competitive entrance exams, including engineering, medical, foreign university admission, management entrances and government jobs. 

Extraclass Team (L-R): Persainjit Singh (CEO), Swati Gupta (Head of Customer Delight), Prakash Gupta (COO), Divyansh Raj (CPO)

The startup provides free learning content to anyone between the ages of five and 25 years. With the app, students can start studying for free using animated videos and infographic study material, which aim to make learning more thought-provoking, accessible and enjoyable.

It offers video lectures, practice question banks, and adaptive assessment and test series. The company aims to make education more accessible, free while promoting self-study.

Source: https://yourstory.com/2019/09/edtech-startups-byjus-great-learning

INTERVIEW: Affinity Metals $AFF.ca discusses extensive land package hosting historical reserves + multiple past-producing mines $SII.ca $TUD.ca $GTT.ca $AMK.ca

Posted by AGORACOM-JC at 8:29 AM on Wednesday, October 2nd, 2019

Affinity Metals controls the Regal Property, an incredible asset in BC that has a history of Pollymetallic production & hosts several past producing small-scale historic mines.

Most people are unaware of but are about to find about.

A complete feasibility review of the Regal Silver Mine, including a reserve report, mine plan, processing recommendations and mill plan was developed in 1971 to put Regal into production at $1.75 OZ Silver on a reserve of 590,000tonnes. grading 71.6 grams per tonne silver, 2.66 per cent lead, 1.26 per cent zinc, 1.1 per cent copper, … needs to be updated with current 43-101 so investors should not be relying on these figures until then.

Past producing mines on property may be potential indicators of a major mineralized system underneath the property.

Grab your favourite beverage and find out more.

#CBD Use Continues to Grow as Regulators Change Tact , bodes well for #Bougainville Ventures $BOG.ca $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 11:17 AM on Tuesday, October 1st, 2019

SPONSOR:  Bougainville Ventures Inc (CSE: BOG) provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. The company also offers fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Click here for more info.

CBD Use Continues to Grow as Regulators Change Tact , bodes well for Bougainville Ventures

  • According to data compiled by Grand View Research, the global cannabidiol market is expected to reach USD 9.69 Billion by 2025 while registering a CAGR of 32.6% during the forecast period.

NEW YORK, Oct. 1, 2019 — Hemp has been used for centuries for its multi-facet applications. Previously, hemp was primarily used for industrial applications such as manufacturing textiles, fabrics, and linen. The industrial segment was the largest driver for the overall hemp market, however, following legislative efforts, the hemp-derived CBD market has emerged as the primary driver. Hemp was also commonly used as a medicinal treatment for convulsions, rheumatism, dysentery, and insomnia. However, health officials around the world had deemed hemp unsafe for consumers because it was derived from the cannabis plant.

As a result, the entire cannabis plant was listed as a Schedule 1 substance solely because of its marijuana component. The marijuana plant is packed with tetrahydrocannabinol (THC), while the hemp plant is typically cannabidiol (CBD) dominant. Although the two plants fall under the cannabis family, they are widely different in their genetic makeup and effects.

THC is the compound that is commonly known to cause psychoactive effects on the consumer, while CBD is generally known to have relaxing and soothing effects. However, despite the genetic differences, both THC and CBD are known to alleviate certain medical conditions. Researchers have even highlighted that both THC and CBD can effectively treat symptoms associated with cancer, chronic pain, epilepsy, Alzheimer’s, and Parkinson’s. However, because THC causes mind-altering effects, health officials are more inclined to accept CBD as a medicinal treatment than THC. As a result, countries such as Canada, Germany, South Korea, the U.K., and the U.S. have legalized CBD for medical purposes. According to data compiled by Grand View Research, the global cannabidiol market is expected to reach USD 9.69 Billion by 2025 while registering a CAGR of 32.6% during the forecast period.

Read More: https://www.prnewswire.co.uk/news-releases/cbd-use-continues-to-grow-as-regulators-change-tact-829476982.html

This #Edtech startup wants to become the #MakeMyTrip for India’s $2B online education market – SPONSOR: BetterU Education $ARCL $CPLA $BPI $FC.ca

Posted by AGORACOM-JC at 10:28 AM on Tuesday, October 1st, 2019
SPONSOR:  Betteru Education Corp. aims to provide access to quality education from around the world. The Company plans to bridge the prevailing gap in the education and job industry and enhance the lives of its prospective learners by developing an integrated ecosystem. Click here for more information.
BTRU: TSX-V

This edtech startup wants to become the MakeMyTrip for India’s $2B online education market

  • In India, a whopping 9.6 million users will be paying for online courses by 2021. And that’s not all.
  • The online education market itself is expected to witness a huge surge, growing 8x since 2016 to reach the $1.96 billion mark in the next two years.

By Sutrishna Ghosh

In India, a whopping 9.6 million users will be paying for online courses by 2021. And that’s not all. The online education market itself is expected to witness a huge surge, growing 8x since 2016 to reach the $1.96 billion mark in the next two years.

While currently, the data – courtesy of a joint report by KPMG and Google – indicates that “reskilling and online certification courses” commands the major chunk of this market, the tables, however, are set to turn in the near future.

With an estimated 280 million students enrolling in schools, the demand will shift towards online primary and secondary supplemental education. Regardless of the category driving this market, one thing is certain: Indians are no longer taking upskilling or online learning lightly

But with the plethora of courses floating online, how does one find out which course is suitable for one’s career growth? Or which skills are in demand in the market and which trainer can be your ideal fit? Here’s where Get Me A Course comes into the picture.

Founding team of Get Me A Course

As the name implies, GMAC is an online aggregator of both online and classroom courses, curating courses from various learning platforms and bridging the gap between learners and trainers.

“The model is very similar to travel aggregation sites and apps that list all the different airlines, hotels, and travel service providers,” says Rohan Krishna, the CEO and Co-Founder of the Bengaluru-based startup. “GMAC is bringing the same efficiency to education and skilling,” he adds.

Source: https://yourstory.com/2019/09/bangalore-edtech-startup-aggregator-online-courses

ThreeD Capital Inc. $IDK.ca Announces Completion of its USD$500,000 Commitment Into #TODAQ $HIVE.ca $BLOC.ca $CODE.ca

Posted by AGORACOM-JC at 9:42 AM on Tuesday, October 1st, 2019
IDK: CSE
  • Completed its commitment of USD$500,000 to acquire 248,201 Preferred Series A-1 Stock in TODAQ Holdings Inc.
  • The Subject Shares represent approximately 1.3% fully diluted of all issued and outstanding preferred and common shares of TODAQ as of September 30, 2019.

TORONTO, Oct. 01, 2019 — ThreeD Capital Inc. (the “Company”) (CSE:IDK), a Canadian-based venture capital firm focused on investments in promising, early stage companies and ICOs with disruptive capabilities is pleased to announce that it has completed its commitment of USD$500,000 to acquire 248,201 Preferred Series A-1 Stock (the “Subject Shares”) in TODAQ Holdings Inc. (“TODAQ”). The Subject Shares represent approximately 1.3% fully diluted of all issued and outstanding preferred and common shares of TODAQ as of September 30, 2019. The Subject Shares have been acquired in a series of private placements and not through the facilities of any stock exchange. The Company, through the preferred stock acquisition, also receive Toda Notes (“TDN”) royalty rights of approximately 175 million TDN out of a total supply of 237 TDN, representing approximately 0.13% of the total TDN supply. 

“I’m pleased to announce the close of this important investment. We’ve followed our thesis of investing in secure, efficient, confidential, scalable and interoperable decentralized technology and focusing on fundamentals rather than the hype cycle of a still nascent industry. I’m looking forward to bringing the TODAQ enablement factor to bear across our other investment verticals,” said ThreeD’s Founder, Chairman and CEO Sheldon Inwentash.

TODAQ is a founder of the Sovereignty Tech movement and aims to restore ownership and control of identity, assets and data for all as a human right.  The company serves businesses, financial institutions and governments and offers the open API TaaS (TODA-as-a-service’) platform which provides ownership management and settlement for all digital assets. It is powered by TODA, a decentralized protocol for ownership management. It enables the secure and efficient creation, ownership and transfer of meaningful digital assets and can be hosted fully on just mobile devices. TODA’s proof of provenance data structure can wrap any type of data, providing a transferrable, self-contained, immutable proof of its history and integrity. The uniqueness enforced by the proof of provenance also allows the creation and distribution of assets that carry real value, without a central management system like a ledger or database. TODA enables digital things to behave like tangible assets.

“Over the course of this last year working with ThreeD Capital as our investor, we’ve brought academic institutions in to collaborate on TODA Protocol decentralization and R&D, built the first version of the TODA Protocol into an enterprise grade open API platform called TaaS, partnered with global corporations in preparation to scale out to the first hundreds of thousands of people, and readied ourselves to launch and exchange list the TODA Note, the first decentralized digital asset on TODA designed to support real economy utility. We’re looking forward to integrating ThreeD Capital as our Canadian investor partner, and its portfolio, into our main partners markets in Asia, Middle East and Europe,” said Hassan Khan, the Co-Founder and CEO of TODAQ.

The TODA Note is a reserve backstopped digital note designed to accelerate commerce and industry as well as complement existing fiat currencies (which can also be put directly on the TODA). Due to the TODA Protocol’s efficiency, TDN is not needed to settle or reach consensus on transactions of TODA based digital assets. There will be a total of 237 cryptographically generated TDN, with a distribution period of about ten years to place the entire supply into the global market. Any node or low power device taking part in distributed consensus or settlement work can also have a very small probability of generating a net new TDN so that there is a slow but capped inflation of the overall TDN supply over time. 

To find out more about TODAQ’s mechanisms and value proposition, please visit https://www.todaqfinance.com/.

About ThreeD Capital Inc.

ThreeD is a publicly-traded Canadian-based venture capital firm focused on opportunistic investments in companies in the Junior Resources, Artificial Intelligence and Blockchain sectors. ThreeD seeks to invest in early stage, promising companies and ICOs where it may be the lead investor and can additionally provide investees with advisory services, mentoring and access to the Company’s ecosystem.

For further information:
Sheldon Inwentash, CPA, CA. LL.D.
Chairman and Chief Executive Officer
[email protected]
Phone: 416-941-8900

Bougainville Ventures $BOG.ca Oregon Hemp Farm Begins Harvesting $CROP.ca $VP.ca NF.ca $MCOA

Posted by AGORACOM-JC at 6:50 AM on Tuesday, October 1st, 2019
  • hemp farm in Oregon has a crew of 20 people harvesting 28,000 plants and will be completed over the next couple of weeks
  • Worm Casting team has arranged for drying of the bio-mass with a local drying facility close by while our 15,000 Sq ft., drying facility is being built.
  • Once processed, it will be sold along with the 28 kg of distillate CBD oil that was processed by Dab Extraction Associates a mobile extraction company earlier this year.

Vancouver, British Columbia–(October 1, 2019) – BOUGAINVILLE VENTURES INC. (CSE: BOG) (OTC Pink: BUGVF) (FSE: 8BV) (DEU: 8BV) (MUN: 8BV) (STU: 8BV) (“Bougainville” or the “Company”) is pleased to announce that harvesting on the Oregon Hemp farms has begun. The hemp farm in Oregon has a crew of 20 people harvesting 28,000 plants and will be completed over the next couple of weeks.

The Worm Casting team has arranged for drying of the bio-mass with a local drying facility close by while our 15,000 Sq ft., drying facility is being built. Once processed, it will be sold along with the 28 kg of distillate CBD oil that was processed by Dab Extraction Associates a mobile extraction company earlier this year.



Harvest Begins

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/6334/48347_5298ce62f42f2863_001full.jpg

Andy Jagpal, President Comments:

“The hemp Industry in Oregon is booming and so is the demand for CBD. According to an Oregon based Hemp publication there were little over 580 growers, and 11,500 acres growing Hemp registered in 2018. This year, there are 1,900 growers, and nearly 63,000 acres registered growing hemp. The Hemp market is bigger than the medical marijuana and recreational marijuana put together, and as the Baby Boomers are just now discovering the benefits of CBD the demand for Hemp has an aggressive growth curve that is just beginning.”

To learn more about what this news means to the shareholders visit https://marketnewsfirst.com/bog-news

About the Hemp Market

In 2018, the legal cannabis market was valued at $11.9 billion in the United States and is expected to be worth $66.3 billion by the end of 2025, which is a compounded annual growth rate of nearly 24 percent, according to Market Research.

About Bougainville Ventures, Inc.

Bougainville Ventures Inc. is dedicated to rapid growth in production, processing, retail and branding of cannabis and cannabis related products. Currently the company provides strategic capital to the thriving cannabis cultivation sector through ownership and development of commercial real estate properties. We offer fully built out turnkey facilities equipped with state-of-the-art growing infrastructure to cannabis growers and processors. Also, the Company is focused on building a strong presence in the hemp industry with the objective of extracting cannabinoids in both Canada and the United States. Along with our flagship Hemp project in Oregon State and the Greenhouse campus in Washington state, the Company has proprietary formulas for cannabis edibles, topical, and tinctures.

On behalf of the Board of Directors
BOUGAINVILLE VENTURES INC.

Andy Jagpal, President and Director

For further information, please contact Zoltan, IR Representative at: 604-722-0305 [email protected]. Or toll free at 1-877-517-7816

http://bougainvilleinc.com/
https://twitter.com/bougainvilleinc

FORWARD LOOKING STATEMENTS: This news release contains certain forward-looking statements within the meaning of Canadian securities laws. Forward-looking statements are based on the expectations and opinions of the Company’s management on the date the statements are made. The assumptions used in the preparation of such statements, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

No regulatory authority has approved or disapproved the information contained in this news release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/48347

St-Georges Eco-Mining $SX.ca $SXOOF – Kings of the North Subsidiary Sold to UK’s BWA Group PLC.

Posted by AGORACOM-JC at 5:34 PM on Monday, September 30th, 2019
  • Company has completed the sale of its subsidiary Kings Of The North Corp to BWA Group Plc of London, United Kingdom (NEX:BWAP)
  • The total transaction is evaluated at approximately CAD 7.5M. St-Georges holds 50.18% of Kings of the North.

Montreal – September 30, 2019, St-Georges Eco-Mining Corp. (CNSX:SX.CN) (OTC:SXOOF) (FSE:85G1) is pleased to inform its shareholders that the Company has completed the sale of its subsidiary Kings Of The North Corp to BWA Group Plc of London, United Kingdom (NEX:BWAP). The total transaction is evaluated at approximately CAD 7.5M. St-Georges holds 50.18% of Kings of the North.

BWA’s shareholders voted to approve the acquisition of KOTN earlier today with over 99.1% of vote cast in favour. Management of St-Georges, Kings of the North, and BWA Group spent the remainder of the days finalizing the regulatory documentation.

Vilhjalmur Thor Vilhjalmsson, President and CEO of St-Georges, commented, “(…) This is another important milestone achieved, and our management looks forward to working with BWA Group to unlock the potential value of these projects. St-Georges’ restructuring is starting to take shape and we look forward to the next steps on the path of this journey (…).”

ON BEHALF OF THE BOARD OF DIRECTORS

“Vilhjalmur T. Vilhjalmsson”

VILHJALMUR THOR VILHJALMSSON

President & CEO

About St-Georges

St-Georges is developing new technologies to solve some of the most common environmental problems in the mining industry. The Company controls directly or indirectly, through rights of first refusal, all of the active mineral tenures in Iceland. It also explores for nickel on the Julie Nickel Project & for industrial minerals on Quebec’s North Shore and for lithium and rare metals in Northern Quebec and in the Abitibi region. Headquartered in Montreal, St-Georges’ stock is listed on the CSE under the symbol SX, on the US OTC under the Symbol SXOOF and on the Frankfurt Stock Exchange under the symbol 85G1.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.

#Coors $TAP Enters #CBD Market With New Distribution Deals – SPONSOR: NORTHBUD $NBUD.ca $CGC $ACB $APH $CRON.ca $HEXO.ca $TRST.ca $OGI.ca

Posted by AGORACOM-JC at 4:05 PM on Monday, September 30th, 2019

SPONSOR: NORTHBUD (NBUD:CSE) Sustainable low cost, high quality cannabinoid production and procurement focusing on both bio-pharmaceutical development and Cannabinoid Infused Products. Learn More.

NBUD: CSE
—————————–

Coors Enters CBD Market With New Distribution Deals

  • As CBD continues to hit fever pitch with consumers, Molson Coors Brewing Company is entering the business
  • Company recently inked distribution deals with Colorado’s Best Drinks and DRAM Apothecary.

Emily Cappiello Contributor 

As CBD continues to hit fever pitch with consumers, Molson Coors Brewing Company is entering the business. The company recently inked distribution deals with Colorado’s Best Drinks and DRAM Apothecary.

“We are very excited to add Colorado’s Best Drinks and DRAM to our portfolio, giving us the ability to offer amazing CBD hemp products to retailers and consumers in the Denver Metro area. We see a big demand for high quality and unique products in the non-alcoholic space and we think Colorado’s Best Drinks and DRAM are the perfect solution to fill that consumer demand,” says Jennifer DeGraff, director of marketing, Coors Distributing Company.

Moose Koons, co-owner of Colorado’s Best Drinks, explains that the process started about eight months ago when one of the company’s beverages ended up in the hands of someone at the company.

“We started the process from there and Coors really saw an opportunity,” he says. “Working with Coors is going to open up our distribution into restaurants, grocery, bars, convenience stores — they have a fantastic network. But it’s also about the validation and legitimacy of our organization. We’ve been selling CBD drinks for more than a year now.”

Koons explains that Colorado’s Best Drinks has worked closely with the Colorado Department of Health in order to figure out healthy CBD boundaries in consumables, which he feels is one of the reasons that Coors was drawn to the company.

Additionally, Koons adds that what makes Colorado’s Best Drinks different from other CBD-infused beverages out there is the fact that the company is hands-on in the manufacturing process.

“We understand how ingredients go together and how they bond. Sometimes, CBD can be tricky and may not want to blend, but we found solutions to make sure we are putting out a quality product,” he says.

As for teaming up with Coors as far as distribution, Koons says the company is poised for growth already, modeling its processes after the booming craft beer industry in Colorado.

“We watched the craft beer industry and we’ve been working on scalability for two or three years. We should be able to increase distribution without having to change the facility and we put a lot of processes and procedures in place already,” he says.

Currently, distribution will be limited to Colorado while the Food and Drug Administration irons out regulations regarding hemp-based food and beverages. However, Koons notes that continuing the education of the consumer will help to eliminate stigma, questions and concerns surrounding the growing food and beverage category.

“One of our goals is to continue to educate the consumer that hemp is fantastic. It’s sustainable and there are even receptors in your body that allow you to be able to process it. We are going to continue to try to really bring hemp into the spotlight,” he says.

Colorado’s Best Drinks offers a full line of sparkling beverages infused with broad spectrum hemp extract. Each flavor – Black Cherry, Cola, Ginger Ale, Lemonade and Root Beer – is crafted with just five ingredients: sparkling water, organic agave nectar, natural flavors, non-GMO citric acid, and broad spectrum hemp extract. Each 12oz BPA-free can contains 100 calories and are all vegan, gluten-free, non-GMO, and free of sodium and preservatives.

Source: https://www.forbes.com/sites/emilycappiello/2019/09/24/coors-enters-cbd-market-with-new-distribution-deals/#19e7012f4bc5

CardioComm Solutions $EKG.ca – Global #mHealth Apps Market To Flourish And Reach USD 111.1 Billion By 2025 $ATE.ca $TLT.ca $OGI.ca $ACST.ca $IPA.ca

Posted by AGORACOM-JC at 11:58 AM on Monday, September 30th, 2019

SPONSOR: CardioComm Solutions (EKG: TSX-V) – The heartbeat of cardiovascular medicine and telemedicine. Patented systems enable medical professionals, patients, and other healthcare professionals, clinics, hospitals and call centres to access and manage patient information in a secure and reliable environment.

EKG: TSX-V
———————-

Global mHealth Apps Market To Flourish And Reach USD 111.1 Billion By 2025

Zion Market Research published a new industry research report “Global mHealth Apps Market Is Set For Rapid Growth, To Reach Around USD 111.1 Billion By 2025” is all around created with a blend of the significant information related with overall mHealth Apps Market, alongside key components obligated for the interest for its administrations and product.

mHealth Apps Market report also provide a thorough understanding of the cutting-edge competitive analysis of the emerging market trends along with the drivers, restraints, challenges, and opportunities in the Market to offer worthwhile insights and current scenario for making right decision. The report covers the prominent players in the market with detailed SWOT analysis, financial overview, and key developments of the products/services from the past three years. Moreover, the report also offers a 360º outlook of the market through the competitive landscape of the global industry player and helps the companies to garner mHealth Apps Market revenue by understanding the strategic growth approaches.

Source: http://industrynewsreporter24.com/13163/global-mhealth-apps-market-to-flourish-and-reach-usd-111-1-billion-by-2025/

Electric-Car Dreams Could Fall a Nickel Short – Tartisan #Nickel $TN.ca hosts measured and indicated resource of 7.14 million tonnes at 0.62% $ROX.ca $FF.ca $EDG.ca $AGL.ca $ANZ.ca nickel

Posted by AGORACOM-JC at 10:48 AM on Monday, September 30th, 2019

SPONSOR: Tartisan Nickel (TN:CSE)  Kenbridge Property has a measured and indicated resource of 7.14 million tonnes at 0.62% nickel, 0.33% copper. Tartisan also has interests in Peru, including a 20 percent equity stake in Eloro Resources and 2 percent NSR in their La Victoria property. Click her for more information

Electric-Car Dreams Could Fall a Nickel Short

Demand for a form of nickel needed in electric-vehicle batteries is starting to outpace supply

  By Rhiannon Hoyle  

SYDNEY—Global producers of electric cars have big ambitions and a bigger problem: Supplies of a key material are running short.

Nickel sulfate is a brilliantly colored crystalline substance used in electric-vehicle batteries. The ore most commonly used to produce it is mined in only a handful of places—and they include some of the most politically or operationally challenging, such as Russia or Canada’s frozen Northeast.

Nickel sulfate accounts for just a fraction of global nickel sales; about 70% of nickel is used in stainless steel. But auto makers will launch more than 200 new plug-in electric vehicles through 2023, consulting firm AlixPartners estimates—and that isn’t counting hybrids. UBS expects batteries in electric vehicles to account for 12% of global nickel demand by then, up from 3% in 2018.

And after years of low prices that stalled investment by global miners, nickel supply is falling short of demand. “There’s no new nickel in the pipeline,” said Angela Durrant, principal metals analyst at Wood Mackenzie, a U.K.-based consulting firm.

Read More: https://www.wsj.com/articles/electric-car-dreams-could-fall-a-nickel-short-11569780257