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A record 52 countries have set electric mobility targets, aiming to electrify the passenger car sector by 2035, including nations like Canada and Nepal. The push for electric mobility necessitates raw materials such as lithium, cobalt, nickel, and copper.

Additionally, a renewed focus on nuclear energy is expected to elevate uranium demand, with a predicted deficit in the coming years. Companies like IsoEnergy, with uranium projects in Saskatchewan, and Canada Nickel Company, with nickel and cobalt resources in Ontario, are positioned to benefit from this increasing demand for both battery materials and uranium.