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Reader Post | By Sherry T
CONNECT THE DOTS: WAS HURRICANE HELENE A SECRET LITHIUM LAND AND MINE GRAB OR NOT?
FORBES, Oct. 3 Quote: “Hurricane Helene has got the conspiracy theorists out in force, with claims that it was geoengineered for everything from voter manipulation to an industrial land grab.
One theory is based on the idea that the path of greatest destruction hit Republican areas hardest, largely bypassing the bluest areas of swing states. But one of the most widely-repeated claims has the hurricane engineered in order to give the Department of Defense access to land containing large deposits of lithium and other minerals.
“Here’s an interesting fact about the region of North Carolina. It sits on the biggest lithium deposit in the United States,” said Steve (Stew) Peters in a video, “Secret Lithium Grab”: https://rumble.com/v5h32ol-the-lithium-motive-hurricane-helene-a-secret-lithium-land-grab.html?e9s=src_v1_ucp
“As the United States government and its buddies in the central banking corporate crime syndicates stand to make billions and trillions of dollars off of these lithium deposits that are underneath towns underneath homes, underneath schools, and they can’t get access unless the land is somehow completely cleaned off and available for mining, what better way to do that than by washing away the people who live there and all that they own, and blaming it on climate change?”
FACTS: On September 12, 2023, Albemarle Received a $90 Million Critical Materials Award from the Department of Defense for Lithium Production in KINGS MOUNTAIN, NORTH CAROLINA, 73 miles from Ashville, North Carolina. ARBEMARLE’S LITHIUM MINE IN KINGS MOUNTAIN, NORTH CAROLINA — 73 MILES FROM ASHVILLE — IS THE #1 LARGEST PRODUCER OF LITHIUM FOR ELECTRIC VEHICLES AS OF 2020.
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- Blackrock and Vanguard are the two biggest institutional shareholders in Albemarle.
- Blackrock also owns a lithium mine in Tonopah, Nevada,
- But it gets worse: Blackrock owns an EFT Lithium Fund –“The iSharesLithiumMiners and Producers ETF Fund” – https://finance.yahoo.com/quote/ILIT/
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ARBEMARLE’S LITHIUM MINE IN KINGS MOUNTAIN, NORTH CAROLINA — 73 MILES FROM ASHVILLE — IS THE #1 LARGEST PRODUCER OF LITHIUM FOR ELECTRIC VEHICLES AS OF 2020.
Albemarle Corp owns a mine in Kings Mountain, North Carolina. It is the world’s largest producer of lithium* for electric vehicle batteries. It just happens to be located about 73 miles from Ashville, North Carolina.
Kings Mountain could produce enough material to manufacture 1.2 million electric vehicles annually. The mine sits on one of the world’s richest deposits of spodumene ore, a source of lithium. There is currently only one operational lithium mine in the U.S. in Silver Peak, Nevada, which is owned by Albemarle.
The Biden administration has made setting up a battery supply chain, supported by domestic lithium production and processing, a top priority to end dependence on China, which dominates the global market. Albemarle was awarded a $90 million grant from the Defense Department to support domestic mining, which the company is using to help reopen Kings Mountain. See story below.
*As of 2020, Albemarle was the LARGEST PROVIDER OF LITHIUM for electric vehicle batteries IN THE WORLD.[3] Albemarle, Sociedad Química y Minera, and FMC Corporation collectively produce just over half of the world’s lithium and lithium storage products, while just under half is produced by China.
THE TWO BIGGEST INSTITUTIONAL SHAREHOLDERS OF ALBEMARLE ARE BLACKROCK AND VANGUARD:
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Albemarle Corporation (ALB)
BlackRock is an aggressive investor in lithium mining. For example, its wholly-owned subsidiary ‘Blackrock Gold or Blackrock Silver’ (Blackrock Silver Corp. (TSXV:BRC) (the “Company” or “Blackrock”) is drilling for lithium in Tonopah, West Central Nevada — (the “Tonopah North Project”) located in Esmeralda County and Nye County, Nevada — and its wholly-owned Nevada subsidiary, Pan Am Lithium (Nevada) Corp. (collectively, “Tearlach”).
Blackrock Confirms New Lithium Discovery at Tonopah North
Oct 26, 2022 – Vancouver, British Columbia – Blackrock Silver Corp. (the ‘Company’ or ‘Blackrock’) is pleased to announce final drill results from the Company’s first scout exploration drill campaign on its 100% controlled Tonopah North project located in West Central Nevada along the Walker Lane trend..
DoD Enters Agreement to Expand Domestic Lithium Mining for U.S. Battery …
Sep 12, 2023 – The Office of the Assistant Secretary for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization office, entered an agreement with Albemarle Corporation
Albemarle Receives $90 Million Critical Materials Award from the Department of Defense to Boost U.S. Lithium Production —
FOR LITHIUM MINING IN KINGS MOUNTAIN, NORTH CAROLINA
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Funding to support restart of company’s Kings Mountain, N.C., mine and increase domestic processing of critical materials for the nation’s battery supply chain
CHARLOTTE, N.C., Sept. 12, 2023 /PRNewswire/ — Albemarle Corporation (NYSE: ALB), a global leader in providing essential elements for mobility, energy, connectivity and health, announced today that the U.S. Department of Defense has approved a $90 million grant to help support the expansion of domestic mining and the production of lithium for the nation’s battery supply chain.
The funding will be provided by the Office of the Assistant Secretary of Defense for Industrial Base Policy, utilizing Defense Production Act authorities, and will be used to purchase a fleet of mining equipment as part of the company’s planned reopening of its lithium mine in Kings Mountain, North Carolina.
The planned Kings Mountain mine contains one of the few known hard rock lithium deposits in the U.S. The site is expected to feed sufficient material for 50 kt LCE of conversion capacity and support the manufacturing initially of approximately 1.2 million electric vehicles annually.
“As one of the only U.S.-based lithium companies to carry out lithium extraction, processing, and novel lithium battery material research in the United States, Albemarle is uniquely positioned to help power the clean energy revolution,” said Albemarle’s President of Energy Storage, Eric Norris. “Lithium is an essential ingredient in our sustainable energy future. Demand is expected to increase significantly, and it is imperative to secure our nation’s supply of this critical resource.”
Albemarle estimates that Kings Mountain will become operational as early as late 2026, pending permitting. At Kings Mountain, Albemarle is implementing “IRMA-Ready” standards – an operational playbook for mine sites in exploration phase. Initiative for Responsible Mining Assurance (IRMA) standards emphasize environmental stewardship and community engagement.
About Albemarle
Albemarle Corporation (NYSE: ALB) leads the world in transforming essential resources into critical ingredients for mobility, energy, connectivity, and health. We partner to pioneer new ways to move, power, connect and protect with people and planet in mind. A reliable and high-quality global supply of lithium and bromine allow us to deliver advanced solutions for our customers. Learn more about how the people of Albemarle are enabling a more resilient world at albemarle.com and on Twitter @AlbemarleCorp.
Forward-Looking Statements
This press release contains statements concerning our expectations, anticipations and beliefs regarding the future, which constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, which are based on assumptions that we have made as of the date hereof and are subject to known and unknown risks and uncertainties, often contain words such as “anticipate,” “believe,” “estimate,” “expect,” “guidance,” “intend,” “may,” “outlook,” “should,” “would,” and “will”. Forward-looking statements may include statements regarding expectations for the timing and amount of funding received under the DPA Investments Program, future demand for lithium, the production capacity and timing of construction of Albemarle’s Kings Mountain lithium mine, and all other information relating to matters that are not historical facts. Factors that could cause Albemarle’s actual results to differ materially from the outlook expressed or implied in any forward-looking statement include: changes in economic and business conditions; financial and operating performance of customers; timing and magnitude of customer orders; fluctuations in lithium market pricing; production volume shortfalls; increased competition; changes in the product demand; availability and cost of raw materials and energy; technological change and development; fluctuations in foreign currencies; changes in laws and government regulation; regulatory actions, proceedings, claims or litigation; cyber-security breaches, terrorist attacks, industrial accidents or natural disasters; political unrest; changes in inflation or interest rates; volatility in the debt and equity markets; acquisition and divestiture transactions; timing and success of projects; performance of Albemarle’s partners in joint ventures and other projects; changes in credit ratings; and the other factors detailed from time to time in the reports Albemarle files with the SEC, including those described under “Risk Factors” in Albemarle’s most recent Annual Report on Form 10-K and any subsequently filed Quarterly Reports on Form 10-Q, which are filed with the SEC and available on the investor section of Albemarle’s website (investors.albemarle.com) and on the SEC’s website at www.sec.gov. These forward-looking statements speak only as of the date of this press release. Albemarle assumes no obligation to provide any revisions to any forward-looking statements should circumstances change, except as otherwise required by securities and other applicable laws.
View original content to download multimedia: https://www.prnewswire.com/news-releases/albemarle-receives-90-million-critical-materials-award-from-the-department-of-defense-to-boost-us-lithium-production-301924878.html
SOURCE Albemarle Corporation
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