Canada's Mining Fund, Electric Air Taxis, and Saudi Arabia's Battery Boom

Canada's New $1.5 Billion Critical Mining Fund Is Here To Reignite Resources

The Canadian government has launched a $1.5 billion Critical Minerals Infrastructure Fund to accelerate mining operations and the supply of critical minerals within Canada. The new funding will be focused on unlocking valuable minerals essential to the energy transition and clean technologies.

Electric Air Taxis Are On The Way

Archer Aviation (NYSE:ACHR) recently announced a $500 million deal to bring their flying electric taxis to Dubai. Their flagship aircraft, known as Midnight, can seat four passengers and has been given FAA approval to begin testing in the United States.

Saudi Arabia is Betting Billions To Lead The Lithium Battery Boom

Saudi Arabia, the world’s largest producer of oil, announced plans to invest $2 billion into the construction of an electric vehicle battery metals plant. The country’s goal of becoming leaders in the energy transition marks a potential paradigm shift into reducing their dependance on petroleum.

The Sprint

• Hut8 High Performance Computing (NASDAQ:HUT) launched a first of its kind effort to generate carbon credits through recycling outdated hardware.

• Manulife Investment Management has launched a $224.5 million fund focused on producing carbon credits.

• Cardio Diagnostics (NASDAQ:CDIO) announced positive results from a trial of their artificial intelligence driven technology that screens for coronary heart disease.

• TeraWulf (NASDAQ:WULF) has become the first company in the United States to launch a Bitcoin mining facility 100% powered by nuclear energy.

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