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VANCOUVER, BC, Sept. 19, 2023 /PRNewswire/ — USA News Group During a panel led by leaders from the lithium and battery space at the Battery Show North America expressed optimism that North America’s domestic lithium supply gap can be eliminated. Acknowledging that just a decade ago, 75% of the world’s lithium came from China, Chile, and Australia, moderator James Frith of Volta Energy Technologies predicted that “By 2030” those countries’ share of all supply will be less than 50%—thanks to a rapidly advancing EV market, and geopolitical and supply-efficiency pushes for more North American-based lithium supply. Among the ongoing lithium projects on the continent that are making significant advances are those from Usha Resources Ltd. (TSXV:USHA) (OTCQB:USHAF), E3 Lithium Limited (TSXV: ETL) (OTCQX: EEMMF), Allkem Limited (TSX: AKE) (OTCPK: OROCF), Livent Corporation (NYSE: LTHM), and Lithium Americas Corp. (NYSE: LAC) (TSX: LAC).
Based in Vancouver, Usha Resources Ltd. (TSXV:USHA) (OTCQB:USHAF), which has holdings in both Nevada and Ontario, recently provided a significant update on its White Willow Lithium Pegmatite Project. Situated 170km west of Thunder Bay, Ontario, the project has revealed ten principal drill targets across a 25km stretch, based on 837 collected samples. With 219 assays still pending, initial results have shown up to 0.5% Li2O, 1,730 ppm cesium, 120,000 ppm tantalum, and 3,540 ppm rubidium.
“We are thrilled with the findings from the initial programs at White Willow,” said Deepak Varshney, CEO of Usha Resources. “As seen at Patriot Battery Metals’ Corvette Project, which has over 20 kilometres of trend, lithium pegmatite swarms occur in clusters, each of which has the potential to become a deposit. The findings thus far strongly validate our belief that Willow is a flagship asset where Ontario’s next major lithium discovery will occur.”
After acquiring the White Willow project in March 2023, USHA hit the ground running. Completing five weeks of fieldwork and gathering data on 618 samples, the company is set to begin drilling at each of the 10 target pegmatites in its inaugural drill program, slated for Q1 2024.
White Willow has quickly risen in prominence within USHA’s esteemed North American portfolio, becoming the company’s primary hard rock lithium asset. This addition has strengthened USHA’s dual-focused strategy to become a major lithium producer in the future. The other cornerstone in this strategy is the Jackpot Lake Lithium Brine Project in Nevada, where drilling commenced and preparations for a new 43-101 resource estimate began as of June 2023.
“The work to-date has demonstrated that Jackpot contains the right system for a major lithium discovery and by exploring to a depth of 2,000 feet, we aim to gather a more comprehensive understanding of the mineral potential within our project area, further enhancing the overall resource estimation and project feasibility of Jackpot Lake,” said Varshney.
Since USHA’s revelation in early August 2023, White Willow has been capturing significant attention. The discovery of a second lithium-cesium-tantalum pegmatite cluster effectively tripled the original strike length to over 25km, making headlines in the process.
“We are thrilled with the findings from the initial programs at White Willow,” said Deepak Varshney. “As seen at Patriot Battery Metals’ Corvette Project, which has over 20 kilometres of trend, lithium pegmatite swarms occur in clusters, each of which has the potential to become a deposit.”
Another Canadian asset that’s being developed is that of E3 Lithium Limited (TSXV:ETL) (OTC:EEMMF), which followed up its announcement of commencing operations at Alberta’s first direct lithium extraction (DLE) field pilot plant by providing an overview of its strategic assets over the provincial border in Saskatchewan.
While there is still plenty of attention going towards the ambitious Alberta DLE plant (the first of its kind in the province), now the company is building up even more anticipation on its neighbouring assets comprised of approximately 258 sections or 66,800 hectares of fully-owned mineral permits in southeast Saskatchewan. While E3 Lithium continues to prioritize the development of its Clearwater Project in Alberta, their Saskatchewan land position gives the company another strategic asset to unlock and maximize value from.
“Securing mineral permits in Saskatchewan has enabled E3 Lithium to hold a central land position in a new and developing lithium region,” said Chris Doornbos, President and CEO of E3 Lithium. “Our focus will remain on our world-class core assets in Alberta as we actively pursue value for our Saskatchewan asset.”
Across the country in Quebec, Allkem Limited (TSX:AKE) (OTC:OROCF) recently boasted an updated resource at its James Bay Lithium Project to 110.2 Mt at 1.30% Li2O, representing a whopping increase of 173% in the process. Now as the Canadian winter approaches, Allkem is setting forth on a significant campaign of infill and extensional drilling to test for along-strike and down-dip extensions of the pegmatite dykes beyond the area.
“James Bay is now one of the largest spodumene lithium assets and clearly has the potential to grow even further as the boundaries of mineralisation are tested through an additional drilling program commencing later in the year,” said Martin Perez de Solay, Managing Director and CEO of Allkem. “The size and grade of this resource is amongst the best in the world and will underpin Allkem plans for future production and processing of lithium in Québec.”
The update on James Bay came just 9 days after lithium-giant partners Livent Corporation (NYSE:LTHM) shared in an update on who will be in charge of the proposed merger company post-completion of the deal.
“Today’s announcement is a significant milestone as Livent and Allkem seek to combine our teams and collective strengths to create a leading lithium company,” said Livent President and Chief Executive Officer Paul Graves.
Ahead of the deal, Livent has its own Quebec-based lithium project in development, the Whabouchi spodumene mine aka Nemaska Lithium, of which the company is a 50% shareholder and operating partner. The company is working to deliver upon an order of up0 to 13,000 metric tons of lithium hydroxide per year over 11 years to Ford.
Meanwhile in the USA in the same state as USHA’s Jackpot Lake property, Lithium Americas Corp. (NYSE:LAC) (TSX:LAC) is swiftly advancing its Thacker Pass project towards production to becoming the country’s next producing mine in Nevada.
Now that a new lithium discovery resulting from a US volcano nearby is being touted as potentially the biggest lithium deposit ever found, Nevada has re-captured the attention of the market. Composed of the unusual claystone mineral illite, new in situ analysis reveals that there could be 1.3-2.4% lithium in the volcanic crater–that’s almost double the lithium present in the main lithium-bearing clay mineral, magnesium smectite, which is more common than illite.
“Previous research assumed that the illite was everywhere at depth in the caldera,” said Thomas Benson, a geologist at Lithium Americas, whose team that proposed that a layer of illite around 40m thick was formed in the lake sediments by a hot brine.
As per Benson’s team’s assertions, the fluid moved upwards along fractures formed as volcanic activity restarted, transforming smectite into illite in the southern part of the crater, Thacker Pass, resulting in a claystone rich in lithium. Now Benson and his team are viewing the lithium-rich claystone at Thacker Pass as ‘unique’ amongst volcanic sedimentary deposits.
Lithium Americas expects to begin mining in 2026, which will be after the completion of a split between its North and South American assets into two leading lithium companies.
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67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
New research from Vita Mojo and KAM reveals the shortcomings of modern restaurant tech, with over half of operators reporting inefficiencies are stopping them achieving business goals.
LONDON, Sept. 22, 2023 /PRNewswire/ — Vita Mojo, the hospitality tech specialist, has launched a new research report into the impact of technology on the hospitality industry, shining a light on how operators feel about their current tech stack.
Commissioned by Vita Mojo and conducted by specialist hospitality market research agency KAM, the survey asked 81 executives from the leading quick-service restaurant (QSR) and coffee chain brands about their experiences with restaurant technology.
The resulting report – Hospitality Tech 2024: Bridging the efficiency and profitability gap – indicates that certain technologies are holding the industry back.
The survey results show that the hospitality sector is facing a number of challenges:
- A disconnect between efficiency and growth
56% of operators say that not having enough time is a significant barrier to achieving their business goals, but only 28% report fixing inefficiencies is a focus area for the business.
- Frustrations with the complexity of technology
44% of operators don’t think they have the in-house skills to make the most out of their tech solutions, and 31% believe that too much training is needed to use digital solutions properly.
- Missing out on data-driven decision-making
Two in three businesses are frustrated that they are not making the most of the data they collect through their tech solutions. Nearly 40% find it hard to use data because it’s split across siloed platforms.
- Technical support is failing to deliver
Just one in four are very satisfied with the support or advice they receive from their providers.
“When tech works well, your restaurant works well,” says Vita Mojo’s co-founder and CEO, Nick Popovici. “But when it goes wrong – which is often – running a restaurant becomes an uphill struggle. By combining multiple point solutions from a range of different suppliers, the modern Point of Sale (POS) restaurant tech stack used by so many restaurants and chains has become a serious barrier to growth and success.”
“The results of this survey prove that the POS-centric model isn’t working for restaurants. From wasting time updating menus across multiple systems to spending countless hours updating pricing and site information, there are just too many ways in which restaurant tech isn’t making the grade.”
Along with insights from the survey results, Vita Mojo’s report includes real-life examples of exactly how restaurant brands are managing to overcome these tech challenges and fix inefficiencies, which has allowed them to operate and grow with new confidence.
About Vita Mojo
Vita Mojo transforms chaos into confidence for hospitality operators worldwide. Founded in 2016, Vita Mojo started life as the UK’s first cashless, digital-only restaurant, but it soon became clear the entire hospitality industry could benefit from its end-to-end, flexible Order Management System.
Today, Vita Mojo empowers over 130 brands across five countries (including LEON, YO!, tossed and GAIL’s Bakery) to streamline order management, improve guest relationships, seamlessly expand across channels, and grow their business.
For more information visit www.vitamojo.com
View original content:https://www.prnewswire.co.uk/news-releases/67-of-larger-hospitality-operators-are-unhappy-with-their-current-tech-stack-insights-unveiled-in-new-research-report-from-vita-mojo-301936223.html
Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
President Nana Akufo-Addo unveils country’s roadmap for green growth and decarbonizing key economic sectors developed by Government of Ghana and SEforALL
NEW YORK, Sept. 22, 2023 /PRNewswire/ — His Excellency Nana Akufo-Addo, President of the Republic of Ghana, launched the country’s new Energy Transition and Investment Plan yesterday during a Global Africa Business Initiative event in New York.
The plan marks Ghana’s commitment to fighting climate change and fostering economic development in tandem. It details a credible pathway for how Ghana can achieve net-zero energy-related carbon emissions by 2060 through the deployment of low-carbon solutions across key sectors of its economy, including oil and gas, industry, transport, cooking, and power.
Ghana’s government intends to use the plan as its main tool to engage the international community and investors for support with its energy transition. All measures suggested in the plan represent a USD 550 billion opportunity for the international community to invest in sustainable development in Ghana. If the plan is achieved in full, it would generate 400,000 net jobs within Ghana’s economy.
The country’s existing Energy Transition Framework previously set a target of net zero by 2070, but this new plan shows Ghana has increased its ambition and is targeting net zero by 2060.
Various sectoral changes and technologies are proposed in the plan. Four main decarbonization technologies – renewables, low-carbon hydrogen, battery electric vehicles and clean cookstoves – would cover over 90 percent of the targeted abatement by 2060.
Without pursuing the plan, under a business-as-usual scenario, Ghana’s emissions are expected to rise from 28 Mt CO2e in 2021 to over 140 Mt in 2050, with the bulk of emissions growth coming from transport, driven by population growth, GDP per capita growth, and vehicle ownership.
By implementing this plan, Ghana and its partners can instead bring the country’s energy-sector-related carbon emissions to net zero, while demonstrating that action against climate change does not need to come at the expense of economic development.
The Energy Transition and Investment Plan was developed by the Government of Ghana with technical support from Sustainable Energy for All (SEforALL).
“This pioneering Energy Transition and Investment Plan maps out Ghana’s journey to achieve net-zero emissions by 2060 based on the latest data and evidence, ensuring that as our economy thrives, it does so in harmony with the environment. This plan is a testament to our dedication to fostering green industries, nurturing the evolution of cutting-edge low-carbon technologies, and propelling our nation towards a sustainable industrial revolution while giving equal growth opportunities to men and women.”
-His Excellency Nana Akufo-Addo, President of the Republic of Ghana
“Ghana’s commitment to a just and equitable energy transition has translated to an ambitious plan that builds a case for low-carbon and energy-efficient solutions across Ghana’s entire energy system. These solutions present a tremendous opportunity for partners and investors from around the world to contribute to climate action and sustainable development in Ghana.”
–Damilola Ogunbiyi, CEO and Special Representative of the UN Secretary-General for Sustainable Energy for All, and Co-Chair of UN-Energy
View original content:https://www.prnewswire.co.uk/news-releases/ghana-launches-usd-550-billion-energy-transition-and-investment-plan-for-achieving-net-zero-emissions-creating-400-000-jobs-by-2060–301936200.html
World Investment Forum to incentivize global investment in sustainable development
ABU DHABI, UAE, Sept. 22, 2023 /PRNewswire/ — Recognizing sustainability as the defining challenge of our time, the upcoming UNCTAD World Investment Forum (WIF), to be held from 16 to 20 October 2023 in the UAE’s capital Abu Dhabi, will serve as the perfect opportunity to facilitate the transition to a more sustainable economy, particularly for developing countries.
The 8th edition of the Forum, to be anchored on the overall theme of “Investing in Sustainable Development,” will bring together heads of state and ministers, CEOs of largest global companies, and other investment stakeholders from various countries to formulate policies and strategies that will address key and emerging investment-development challenges through a series of local and international forums and conferences.
Over 7,000 investment stakeholders from 160 countries will be participating in the 8th edition of WIF at the Abu Dhabi National Exhibition Centre (ADNEC).
The UAE hosting WIF this year coincides with the country’s declaration of the year 2023 as the “Year of Sustainability,” which will encourage nationwide commitment to sustainable practices and innovative solutions to help address environmental issues on a global scale.
His Excellency Dr. Thani Al Zeyoudi, UAE Minister of State for Foreign Trade, reaffirmed the country’s dedication to sustainability, saying that “the UAE is committed to playing a leading role in the global transition to a more sustainable future. We believe that WIF 2023 will provide a unique platform for international leaders to come together to mobilize the necessary investments to make this transition a reality.”
His Excellency Rashed Abdulkarim Al Blooshi, Undersecretary of the Abu Dhabi Department of Economic Development (ADDED) said: “Hosting WIF 2023 reflects Abu Dhabi’s approach and commitment to sustainable socio-economic development, which is based on strong beliefs and a long history of the wise use of resources. We will be working closely with all partners to ensure that the Forum’s conversations generate innovative ideas and solutions to create a more sustainable future for all.”
Some of the sustainability sessions include “Delivering Public Sector Investment for Sustainable Development” in partnership with ACCA; “Alignment of Investment in Sustainable Infrastructure with the Paris Agreement” with Middlesex University Dubai; and “Accelerating Green Investments in Tourism for Sustainable Development” with the United Nations World Tourism Organization (UNWTO).
- 67% of larger hospitality operators are unhappy with their current tech stack: insights unveiled in new research report from Vita Mojo
- Ghana launches USD 550 billion Energy Transition and Investment Plan for achieving net-zero emissions, creating 400,000 jobs by 2060
- World Investment Forum to incentivize global investment in sustainable development
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