Finally Audi is getting serious about electric cars! I will have more names for my quotes now. Our J/V Avalonia Lithium project in Ireland will potentially provide the raw material base for Ganfeng Lithium European operations. Europe has enjoyed the record EV sales numbers in 2014 and Ganfeng Lithium is supplying more and more lithium materials to Europe. Project in Ireland is the very important stepping stone for expansion of our Vertically Integrated Lithium business in Europe.
"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are very excited with the ability to continue to advance our projects to the next level through our partnership with Ganfeng Lithium. Recent announcements, by General Motors regarding the commencement of production of the battery-electric Bolt and Tesla with the ongoing construction of the Gigafactory and launch of the Model X, are strong indicators that the electric car is not only here to stay, but is the way of the future. As a result lithium will be a key ingredient in our daily lives and ILC will be ready to meet the demand for this raw and critical material."
Disclosure: The author is long ILHMF, TRRXF.