EnergySource Minerals Announced Contract With Ford For Geothermal Lithium
Portfolio Pulse from Charles Gross
EnergySource Minerals (ESM) has announced a binding lithium supply contract with Ford Motor Company. ESM is a leader in the domestic production of sustainably produced lithium, a key component in electric vehicle (EV) batteries.
May 22, 2023 | 10:32 am
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Ford Motor Company has entered into a binding lithium supply contract with EnergySource Minerals, securing a key component for its electric vehicle batteries.
The contract with EnergySource Minerals ensures Ford has a reliable supply of lithium, a critical component in EV batteries. This will support Ford's expansion into the electric vehicle market and may positively impact its stock price in the short term.
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