Globe/wire say Tesla talking with Giga Metals

Sep 14, 2020

2020-09-14 08:30 ET – In the News

The Globe and Mail reports in its Saturday, Sept. 12, edition that three unnamed sources say Tesla is in discussions with Giga Metals ($1.65) about helping to develop a large mine that would give the electric automaker access to low carbon nickel for its batteries. A Reuters dispatch to The Globe reports that alongside its goal to reduce pollution from driving, Tesla is also striving to reduce its own carbon footprint. Chief executive officer Elon Musk said in July, “Tesla will give you a giant contract for a long period of time if you mine nickel efficiently and in an environmentally sensitive way.” Giga Metals’s low carbon nickel plans include turning waste from its mining operations into cement type rock using carbon dioxide in the atmosphere, and using hydro power. Giga Metals president Martin Vydra declined to comment on any talks with Tesla, but said: “Giga is actively engaged, and has been for some time, with automakers regarding our ability to produce carbon-neutral nickel. The cost of developing our project, excluding bringing hydroelectric power to the site, will be less than $1-billion.” Reuters says nickel is expected to see a surge in demand over coming years.

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