Victory Resources Corp
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Materials : Metals & Mining | Small Cap Value
Based in Canada
Company profile

Victory Resources Corporation is an exploration-stage company. The Company is engaged in the exploration of its mineral properties located in Canada. The Company holds interest in a prospective mineral property known as the Toni Property. The Company holds approximately 44,190 Hectares (Ha) over 110 claims, which make up the Toni Property. The Company completed the diamond drilling of approximately six holes totaling over 710 meters on the Wen prospect of the Toni property. The Company has claims in the area designated as the Rich Lake Lithium Property. The Rich Lake Lithium Property is located over 360 kilometers north of Thunder Bay, and within approximately 20 kilometers of Fort Hope in North-Central Ontario. The Company's subsidiaries include Victory Resources Corporation U.S.A. and VicRes Mining Mexico S.A. de C.V. The Company has not generated any revenues.

Closing Price
$0.067
Day's Change
0.0038 (6.01%)
Bid
--
Ask
--
B/A Size
--
Day's High
0.0672
Day's Low
0.067
Volume
(Light)
Volume:
28,200

10-day average volume:
49,100
28,200

The Electric Car Boom Is About To Get Even Hotter

9:00 am ET December 10, 2020 (PR Newswire) Print

2020 has been an absurd year in many ways, but some sectors are thriving in a chaotic market as billionaire investors, institutions, and especially the Robin Hood crowd are rushing to park their money in the industries of the future. Mentioned in today's commentary includes: XPeng Inc. (NYSE: XPEV), Li Auto Inc. (NASDAQ: LI), Blink Charging Co. (NASDAQ: BLNK), Plug Power Inc. (NASDAQ: PLUG), Workhorse Group Inc. (NASDAQ: WKHS).

One of the biggest beneficiaries of this massive capital shift has been electric vehicle companies. EV makers such as Tesla, NIO, and newcomer Li Automobile (LI) have seen their share prices explode by 409%, 1158%, and 84% respectively since January. And if these triple-digit returns weren't spectacular enough, many analysts expect even more upside for electric vehicle makers as the industry readies a Herculean effort to deliver many millions of brand-new electric cars and hundreds of thousands of charging stations within the next couple of years.

But amid all the hype about car makers, most analysts and investors fail to see the bigger picture. Unhappy to fork out $50,000+ for a new car, but keen to get all the benefits, a huge number of young car buyers are looking for low-cost, eco-friendly solutions, and a few companies have now started to make electric vehicles accessible and affordable for just about everyone.

NIO (NIO), Tesla's largest competitor in China, has recently

started to offer

a batteries-as-a-service concept, in which car buyers can 'lease' the battery of their vehicle and save as much as $10,000 on the price of a new vehicle, while also offering buyers the option to swap batteries after a few years of use.

Across the ocean, Canadian tech unicorn Facedrive (FD.V; FDVRF) is working on an EV breakthrough by offering a subscription-based model with optimal flexibility. Through its wholly-owned subsidiary Steer, the company is offering 3 different subscription levels and the choice between 17 different vehicles, which can be swapped effortlessly. And it isn't just Facedrive that loves this idea, Steer is backed by energy giant Exelon, which decided to invest $125 million in electric vehicle programs through its venture-investing arm Constellation Technology Ventures, $2 million of it into Steer.

EV subscription services are expected to see some explosive growth, and this niche market alone is expected by some to grow into a $10 billion market by 2024. Services like NIO's BaaS and Facedrive's Steer are what could really bring electric vehicles to ordinary people.

Car buyers are concerned about high upfront costs and rapid technological improvements in battery technology which could lead to an abysmal resale value for second-hand electric vehicles. Therefore, 3-year lease contracts and subscription services are the ideal

alternatives

for many millennials and generation X-aged buyers who would like to have a hassle-free EV driving experience but don't want to be holding fast-depreciating assets.

Innovations like NIO's battery-as-a-service and Facedrive's subscription model are just the first shots in the EV revolution. A group of 28 electric car manufacturers, infrastructure providers, and service companies including Tesla, Uber, Siemens, ABB, and Rivian has just created lobby group ZETA (Zero Emission Transportation Association) which wants every vehicle sold in the United States to be electric within the next 10 years. The group's wishlist seems to be largely in line with President-elect Joe Biden's new tax incentive plan.

"We can own the electric vehicle market -- building 550,000 charging stations -- and creating over a million good jobs here at home -- with the federal government investing more in clean energy research," Biden said Monday.

The EV revolution has only just begun and is expected to grow exponentially as more and more industrialized nations are banning the sale of gasoline-powered vehicles in the late 2020s or early 2030s. ZETA, much like NIO and Facedrive (FD.V; FDVRF) are looking to make electric vehicles accessible for not just the happy few, but for the many.

Xpeng Inc. (XPEV)

is a relative newcomer in the electric vehicle scene, but it has seen tremendous success in its short time on the market. The Chinese electric vehicle giant is riding on the coattails of Tesla and Nio, but has carved out its own demand, especially among Robinhood traders looking for the next big score. Since its NYSE debut in August, the ambitious electric vehicle company has risen by more than 44% thanks to its promising financials and growing demand for its stylish vehicles.

In addition to retail interest, Xpeng has also received a ton of interest from Big Money. Earlier this year the company raised over $500 million from the likes of Aspex, Coatue, Hillhouse Capital and Sequoia Capital China, and even more recently, secured another $400 million from heavy hitters such as Alibaba, Qatar Investment Authority and Abu Dhabi's sovereign wealth fund Mubadala.

Li Auto (LI)

was founded in 2015 by its namesake, Chairman and CEO Li Xiang. And while it may not be a veteran in the market like Tesla or even NIO, it's quickly making waves on Wall Street. Backed by Chinese giants Meituan and Bytedance, Li has taken a different approach to the electric vehicle market. Instead of opting for pure-electric cars, it is giving consumers a choice with its stylish crossover hybrid SUV. This popular vehicle can be powered with gasoline or electricity, taking the edge off drivers who may not have a charging station or a gas station nearby.

Though it just hit the NASDAQ in July, the company has already seen its stock price more than double. Especially in the past month during the massive EV runup that netted investors triple digit returns. It's already worth more than $30 billion but it's just getting started. And as the EV boom accelerates into high-gear, the sky is the limit for Li and its competitors.

Automakers aren't the only companies winning big on the electric vehicle boom, either

. Blink (BLNK)

, for example, an electric vehicle charging company, has risen by over 1400% since the beginning of the year, and the sky is the limit for this up-and-comer. A wave of new deals, including a collaboration with EnerSys and another with Envoy Technologies to deploy electric vehicles and charging stations adds further support. .

Michael D. Farkas, Founder, CEO and Executive Chairman of Blink noted, "This is an exciting collaboration with EnerSys because it combines the industry-leading technologies of our two companies to provide user-friendly, high powered, next-generation charging alternatives. We are continuously innovating our product offerings to provide more efficient and convenient charging options to the growing community of EV drivers."

Plug

Power Inc. (PLUG)

is another infrastructure play in the clean-car market. Morgan Stanley recently upgraded Plug from Equal Weight to Overweight with a $14 price target after the leading fuel cell maker impressed during its investor day presentation. Morgan Stanley's Stephen Byrd believes green hydrogen will become economically viable quicker than investors appreciate saying

Plug Power's deal with Apex Clean Energy

to develop a green hydrogen network using wind power offers a chance to tap into "very low cost" renewable power and helps accelerate the shift to clean energy. Plug has a goal for over 50% of its hydrogen supplies to be generated from renewable resources by 2024.

The company has also just announced a partnership with Universal Hydrogen to build a commercially-viable hydrogen fuel cell-based propulsion system designed to power commercial regional aircraft. The initiative will help bring Plug's proven hydrogen ProGen fuel cell technology to new markets.

Workhorse Group (WKHS)

is somewhat of an outlier in the electric vehicle explosion. Because of its delivery-vehicle focus, it's not necessarily a consumer-focused brand, but more of a business provider. And that's not a bad thing. Especially considering the future of this budding industry.

Though one of its recent but headline-grabbing deals with the United States Postal Service has been delayed, it's still pulling a lot of high-value retail deals. And shareholders see that value, and more importantly its potential for long-term growth. Since January of this year, Workhorse has seen its stock price skyrocket from just $3.29 to today's price of $21.11, representing a 541% increase. The USPS delay on its orders aside, that's still a pretty hefty return and sure to keep shareholders at bay for the time being. And analysts seem to agree.

Oppenheimer analyst Colin Rusch notes, ""As the only US-based full EV supplier remaining in the bid, we believe the company remains well positioned to win a sizable portion of the contract. At the same time, we believe activity among buyers of last-mile delivery vehicles is accelerating and that WKHS could see additional customer wins before year-end."

By Tom Kool for Oilprice.com

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

Forward looking statements in this publication include that Facedrive will be able to expand to the US and globally; that transport in an EV will become much more popular and that Facedrive will be able to carry out its business plans. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially. Risks that could change or prevent these statements from coming to fruition include that riders are not as attracted to EV rides as expected; that competitors may offer better or cheaper alternatives to the Facedrive businesses; the company's ability to obtain and retain necessary licensing in each geographical area in which it operates; and whether markets justify additional expansion. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is not a recommendation to buy or sell securities. Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively "the Company") owns a considerable number of shares of FaceDrive (FD.V) for investment, however the views reflected herein do not represent Facedrive nor has Facedrive authored or sponsored this article. This share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

SHARE OWNERSHIP. The owner of Oilprice.com owns a substantial number of shares of this featured company and therefore has a substantial incentive to see the featured company's stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of this issuer in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. This is why we stress that you conduct extensive due diligence as well as seek the advice of your financial advisor or a registered broker-dealer before investing in any securities.

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FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

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