'We Are In A Race Against Time,' Says CEO As Alaska Energy Metals Finds Major Nickel Deposit
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2024
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Should l Buy ?
Source: Benzinga
Major Nickel Discovery: Alaska Energy Metals has announced a significant nickel find in Alaska, which also includes copper, cobalt, platinum, and palladium, potentially reducing the U.S.'s reliance on imported nickel crucial for stainless steel and electric vehicle batteries.
Urgent Need for Domestic Supply: With the only existing U.S. nickel mine nearing depletion, CEO Gregory Beischer emphasizes the necessity of developing domestic sources to meet increasing demand driven by electric vehicles and renewable energy, while ensuring responsible mining practices.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
