Musk Metals grabs Elon lithium project in Quebec

Canadian junior Musk Metals (CNSX: MUSK: US-OTC: GPMNF) is buying the Elon lithium project in Quebec, which would add the coveted battery metal to its gold-focused portfolio. “Fuelled by the recent shift to electric vehicles, demand for battery metals and materials has skyrocketed,” CEO Nader Vatanchi stated in the announcement.  While most people think of Elon Musk, the founder and CEO of electric car maker Tesla, when they see the words “Musk” and “Elon” together, the billionaire is not associated with the company or the project. He has, however, expressed his views on the lithium market extensively via Twitter. Stocks of some lithium producers got hammered in November after Musk said there were massive amounts of lithium on earth. “There really is enough lithium in Nevada alone to electrify the entire U.S. fleet,” he said on November 23.