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Tesla's US Nickel Source, Cash To Bitcoin, and Gold Euphoria

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April 16, 2024

Ramping Up High-Grade American Nickel Supply

Talon Metals (TSX:TLO) has announced plans to expand their drilling and exploration efforts at their flagship Tamarack Nickel Project located in Minnesota as well as their Michigan property. Talon already has an offtake agreement for supplying electric vehicle manufacturer Tesla (NASDAQ:TSLA) with battery grade nickel, and the company’s US properties position them advantageously for supplying domestic EV carmakers that want their models to be eligible for IRA tax credits.

Making It Easy To Turn Cash Into Bitcoin

Bitcoin Well (TSXV:BTCW) has launched a new feature known as Cash Vouchers, which makes it seamless to turn cash into Bitcoin through Bitcoin Well’s network of physical Bitcoin ATMs. Bitcoin Well has been experiencing significant new growth for their non-custodial Bitcoin ecosystem, which ranges from physical Bitcoin ATMs to their online portal.

There’s A New Euphoria For Gold

Gold is on the rise, soaring to new all time highs and surpassing $2,400 per ounce this week. And it might be the very start of a new paradigm for precious metals as demand for physical and digital bullion ownership has transcended traditional supply sources to include crypto tokens backed by gold, secondary marketplaces, and even Costco, which has recently been selling approximately $200 million of physical gold bars per month.

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