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Who might follow Patriot Battery Metals lithium exploration success in Canada in 2024?

The lithium market has had a torrid 2023 with China lithium carbonate spot prices falling as much as 81% in the past year; however, lithium juniors that made discoveries still did remarkably well.

We saw this most recently with Azure Minerals Limited (ASX: AZS) (“Azure”) stock price surging 1,328% higher in the past year. Having two Australian billionaires buying Azure stock and the Chilean miner Sociedad Química y Minera (NYSE: SQM) takeover offer for Azure also helped.

Looking only at Canada the star performer the past two and a half years was Patriot Battery Metals Inc. (TSXV: PMET | ASX: PMT | OTCQX: PMETF) (“Patriot”) made a huge lithium spodumene discovery at their Corvette Project in James Bay, Quebec, Canada. From January 2021 to December 2023 the stock price rose from C$0.31 to C$8.81, representing an outstanding gain of over 2,700% (>28x).

Patriot Battery Metals Corp. (TSXV: PMET) 5 year stock price chart

Source: Yahoo Finance

Who could be next to make a company-making lithium discovery in Canada in 2024?

Firstly it should be noted that Patriot Battery Metals looks poised to make further discoveries on their Corvette Project in 2024. In particular, the CV9 pegmatite looks very promising with a recently announced “100 m of near-continuous spodumene-bearing pegmatite at CV9” at Drill hole CV23-345. CV9 is located approximately 14 km west of the CV5 Resource of 109.2 Mt @ 1.42% Li2O Inferred, the largest lithium pegmatite deposit in the Americas, and 8th largest globally.

Winsome Resources Limited (ASX: WR1 | OTCQB: WRSLF) (“Winsome”)

Winsome Resources had a great 2023 and looks set to have an even greater 2024. In January 2023 Winsome announced a superb drill result of “107m at 1.34% Li2O” at their Adina Project in James Bay, Canada. The Project is located quite near to Patriot’s Corvette Project. As a result, this region of Canada is now one of the hottest lithium exploration regions globally. Winsome is set to announce a maiden resource in late 2023 or early 2024 and expectations are for it to be ~45 million tonnes at 1.3% Li2O. January 2024 will see 5 drill rigs on site potentially leading to more great discoveries at Adina in 2024. Winsome has several other projects with lithium potential, including Cancet, also nearby in the James Bay region.

Winsome’s Managing Director Chris Evans recently stated:

Drilling continues to intersect high grade lithium mineralisation as we step out away from the core of the Adina mineralisation and we look forward to further results…The remainder of 2023 will be a very busy time for Winsome with several work programmes to be completed as well as a long list of targets requiring drill testing.

All of this means Winsome will have a wave of announcements in the coming weeks and months and should be re-rated based on announcing what should potentially be a world-class resource. Winsome’s current market cap is only A$210 million. By comparison, Patriot Battery Metals’ market cap is C$1.09 billion.

Winsome’s Adina Project Maiden Resource is expected in December or January 2023

Source: Winsome Resources company presentation

Brunswick Exploration Inc. (TSXV: BRW | OTCQB: BRWXF) (“Brunswick”)

Brunswick Exploration has spent the past 2-3 years accumulating what looks to be the largest portfolio of early stage lithium exploration tenements in Canada (Quebec, Ontario, Saskatchewan, Manitoba, New Brunswick, and Nova Scotia). Brunswick is about a year behind Winsome in terms of exploration.

Brunswick’s highest priority lithium projects for now are all in James Bay Canada and are Mirage, PLEX, Mythril, Elrond, and Anatacau.

Mirage is already showing enormous potential. Brunswick announced on December 4, 2023, that they had discovered “significant spodumene mineralization in Dyke swarm at Mirage”. The news stated:

Bonanza grades of 2.57% over 25.8 meters in drill hole MR-23-02, including 14.2 meters at 3.08% Li2O at a vertical depth of 28 meters from Dyke MR-1 in the North Zone. Thick intercept of 50.6 m at 1.06% Li2O in drill hole MR-23-07 from Dyke MR-3 in the Central Zone at a shallow vertical depth of 22 meters. Another bonanza intercept in drill hole MR-23-14: 16.2 m at 2.75% Li2O including 9.5 meters at 3.30% Li2O at a vertical depth of 40 meters in Dyke MR-4 from the South Zone. To date, spodumene-bearing pegmatite dykes have been traced by drilling over a combined strike extent of at least 1,500 meters and remain open in all directions. Only 60% of the pegmatite outcrops have been drilled, presenting further drill targets which will be tested in winter 2024. Assays are pending for a further 23 drill holes completed during the fall 2023 program…

These are very exciting grades and very strong early drill results, potentially signifying the very early days of a significant lithium spodumene discovery at Mirage.

Brunswick President and CEO, Killian Charles, commented: “We are rapidly starting to outline a major discovery in the Eeyou Istchee-James Bay. This true grassroot discovery was first identified in August with drilling beginning less than six weeks later.

Brunswick Founder and Executive Chairman, Robert Wares, stated: “I am very pleased with these initial drill results. Mirage already demonstrates potential for a large lithium-rich dyke field with some of the highest-grade intercepts reported in Eeyou Istchee-James Bay.

Brunswick has also had some very good early stage results from their Elrond and Anatacau West Projects in Quebec, Canada which will undergo further exploration in 2024. Anatacau West lies adjacent and East of Allkem Limited‘s (ASX: AKE | TSX: AKE) James Bay Project (Indicated Resource Estimate of 40.3 million tonnes @ 1.4% Li2O).

2024 should also see Brunswick drill their exciting Mythril Project (option to acquire 85%) which lies directly adjacent to Patriot Battery Metals Corvette Project and is yet to be drilled.

Brunswick Exploration trades on a market cap of C$209 million.

Brunswick Exploration is just getting started with lithium discoveries at Mirage, Elrond and Anatacau in 2023

Source: Brunswick Exploration company presentation

Closing remarks

The lithium market is out of favor right now due to lithium prices and many stocks collapsing in price in 2023. The success of Azure Minerals and Patriot Battery Metals were spectacular, but they won’t be the last.

Two of the very best lithium juniors with Canadian projects are Winsome Resources and Brunswick Exploration. Both have tasted some lithium exploration success in 2023, but that looks likely to be just the beginning with 2024 potentially company making years for both.




Terry Lynch on Power Nickel’s high grade Nisk Project and market demand for Critical Minerals

In this InvestorIntel interview, Tracy Weslosky interviews Power Nickel Inc.’s (TSXV: PNPN | OTCQB: CMETF) CEO Terry Lynch about their recently over-subscribed private placement and secures an update on the Nisk Project drill program. The Nisk Project, which is located in James Bay, Quebec, is a high grade nickel sulfide project – and to access the most recent drill results click here.

In this conversation Terry is asked about general market conditions in the resource sector and how it may be impacting the nickel sector. Reinforcing the importance of nickel and how it is classified as a critical mineral for the USA and Canada, he explains that nickel is used in the stainless steel sector and in lithium-ion batteries for electric vehicles. As a North American source of nickel with low carbon footprint, Terry discusses how Power Nickel is poised to benefit from high nickel demand.

To access the full InvestorIntel interview, click here

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About Power Nickel Inc.

Power Nickel is a Canadian junior exploration company focusing on high-potential copper, gold, and battery metal prospects in Canada and Chile.

On February 1, 2021, Power Nickel (then called Chilean Metals) completed the acquisition of its option to acquire up to 80% of the Nisk project from Critical Elements Lithium Corp. (CRE: TSXV)

The NISK property comprises a large land position (20 kilometers of strike length) with numerous high-grade intercepts. Power Nickel is focused on expanding its current high-grade nickel-copper PGE mineralization Ni 43-101 resource with a series of drill programs designed to test the initial Nisk discovery zone and to explore the land package for adjacent potential Nickel deposits.

To learn more about Power Nickel Inc., click here

Disclaimer:  Power Nickel Inc. is an advertorial member of InvestorIntel Corp.

This interview, which was produced by InvestorIntel Corp., (IIC), does not contain, nor does it purport to contain, a summary of all the material information concerning the “Company” being interviewed. IIC offers no representations or warranties that any of the information contained in this interview is accurate or complete.

This presentation may contain “forward-looking statements” within the meaning of applicable Canadian securities legislation. Forward-looking statements are based on the opinions and assumptions of the management of the Company as of the date made. They are inherently susceptible to uncertainty and other factors that could cause actual events/results to differ materially from these forward-looking statements. Additional risks and uncertainties, including those that the Company does not know about now or that it currently deems immaterial, may also adversely affect the Company’s business or any investment therein.

Any projections given are principally intended for use as objectives and are not intended, and should not be taken, as assurances that the projected results will be obtained by the Company. The assumptions used may not prove to be accurate and a potential decline in the Company’s financial condition or results of operations may negatively impact the value of its securities. Prospective investors are urged to review the Company’s profile on Sedar.com and to carry out independent investigations in order to determine their interest in investing in the Company.

If you have any questions surrounding the content of this interview, please contact us at +1 416 792 8228 and/or email us direct at [email protected].




Charlie Angus and the story of Cobalt’s ESG failure

Charlie Angus is pissed off.

Charlie is the Canadian Member of Parliament for Timmins – James Bay in northern Ontario, a federal position he’s held since 2004 through 7 elections. He sits on the Canadian Government’s Standing Committee on Natural Resources. He’s also an author, activist, journalist, guitar player, and frontman for the alt-folk Grievous Angels (who I saw play in the late 80s at the Empire Hotel in Timmins). He’s also deeply passionate about First Nations rights. Not entitlements, rights.

And he’s pissed off. If you’re in any way connected to the mining industry, anywhere in the world, pay attention.

House of Anansi Press recently published Charlie’s well-researched book “Cobalt: Cradle of the Demon Metals, Birth of a Mining Superpower”. It’s a riveting telling of how the town of Cobalt was founded at the turn of the 20th century, how its minerals were exploited, its wealth exported and its environment destroyed, while turning Canada into a mining superpower. Despite the grim material, it’s a fun informative read. Charlie today lives in Cobalt.

Toronto at the turn of the 20th century wasn’t much of anything. “Toronto? Ah yes, that’s where you switch trains to get to Cobalt.” But it was through the extraction of wealth from the ground around Cobalt that Toronto learned how to be a center of finance, how to re-invest in new projects, and how such projects should be regulated. Toronto owes much of its current financial hi-life to minerals taken from Cobalt over a century ago.

Charlie’s book is also a painful narration of how First Nations got screwed, again and again and again. From murder to claim jumping to starvation and rape, First Nations didn’t stand a chance.

The history books we read seem to think God (whatever that is) created northern Ontario in about 1900, just for Europeans to ‘discover’ and exploit. Actual data contradicts that historical claptrap. As Charlie points out (with extensive footnotes), silver from this region has been found in jewelry, pottery and religious ornamentation across eastern North America, proving up an extensive trading network predating Europeans. First Nations were doing just fine without Europeans thank you very much within their own local context.

But as written about in the Pulitzer Prize winning book Guns, Germs and Steel, that local context changed when faced with European disease and firearms. Suddenly First Nations were on their back foot, and heading backwards. Forced into corners, ignored by the legal system, the only alternative was to settle with the Crown and reach reasonable accommodation, also known as ‘treaties’.

In mining in Canada, we keep hearing about ‘the honor of the Crown’. It’s a dubious honor. The Crown has broken every treaty it signed in Canada – it’s hard to call that honorable. First Nations’ rights have been trampled, spat upon, ignored.

Did you have fresh water this morning? A lot of First Nations didn’t. As of November 1, 2021 there were 99 drinking advisories in place for First Nations communities across Canada. These are Canadians, with drinking advisories? Imagine Forest Hill in Toronto with a drinking advisory. Westmount in Montreal? North Vancouver? It’s pretty much a guarantee water advisories in those communities wouldn’t last very long. But since it’s only First Nations, most of Canada seems to think it’s OK.

Charlies’ riding includes many reserves and First Nations members living off-reserve, on an everyday basis trying to deal with the Crown’s dishonor. No wonder he’s pissed off.

At 260 pages, the book is a solid read without becoming pedantic or redundant. It would be great if the Canadian Securities Administrators could somehow make it a precondition to being on the board of a Canadian-listed mining company to have to read Cobalt.As a book, it stands on its own just fine. But there’s a much larger point, larger to the point of being global. Charlie uses the horrific indigenous experience in northern Ontario as a metaphor for communities around the globe displaced by invasive miners. Whether in Brazil or the DRC or Papua New Guinea, every mining exploration play is on someone’s native lands. Every producing mine is in someone’s backyard.

Being in someone’s backyard is a challenge. You have responsibilities to your neighbors, to the government, to the industry as a whole. Not everyone is up to that challenge.

For example, I stopped by a booth at PDAC 2022 in Toronto to chat with a PGeo friend. The CEO came over to try to make an impression, with talk about the asset and the company’s commitment to ESG. I asked him if he knew what ESG stood for. He didn’t. Rhetorically I asked, how can you be committed to something if you don’t know what it is? The CEO just laughed weakly and walked away.

An obligation to each of Environment, Social Justice and Good Governance (ESG) is a key part of any successful company, not just a miner. While ESG is largely about the company’s relations with the communities around it, DEI (Diversity, Equity, and Inclusion) relates to matters internal to the company. The scorched earth policies historically enacted at Cobalt and elsewhere around the world have no place for ESG or DEI. That has to change. And you and I have to be those agents of change.

I’m pissed off, too. Get the book.




New mineral resource estimate puts Power Nickel on the map

Power Nickel Inc. (TSXV: PNPN | OTCQB: CMETF) announced the delivery of an initial NI 43-101 compliant mineral resource estimate for their Nisk nickel sulfide project near James Bay, Quebec. Power Nickel acquired 80% of the project from Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF). Following its initial 2,400-meter drill program completed last December, Power Nickel retained 3DGeo Solution to produce an NI 43-101 resource using the new and historical drilling results.

3DGeo Solution was the right company to develop this report. They have an intimate knowledge of the area in question, having worked on a few nearby mines. This fact is significant in any mining project as it is crucial to have professionals familiar with the terrain. While you might think any geologist could do the job, it is always best to have experts in the field who know the lay of the land.

The results of the estimate were promising. The estimate showed over 2.5 million tonnes of indicated resources at 1.20% nickel-equivalent (NiEq), and 1.4 million inferred tonnes at 1.29 % NiEq. The report showed average grades of 0.72% nickel, 0.42% copper, 0.05% cobalt, 0.11 g/t platinum and 0.72 g/t palladium. The infrared portion showed 1.4 million tonnes at 0.75% nickel, 0.53% copper, 0.04% copper, 0.04% cobalt, 0.18 g/t platinum, and 0.79 g/t palladium.

The report is an excellent start for Power Nickel. In the report, you can look at the isometric views and see where they can go next with infill drilling to add more tons at relatively low risk. That’s exciting for the company as mine developers, as they see that as a low-risk get.

Their team believes they can get another two or three million tons through infill drilling. The estimate also showed some exciting intercepts were at depth. They will be testing those in their upcoming drill program starting mid-August. Nickel Power believes that there is a potential mine present at the Nisk property.

 

The metallic mix in the Nisk property deposit should also derisk the project in many ways. The presence of copper, cobalt, palladium, and platinum should ensure the profitability of this project. Additionally, the estimate utilized conservative numbers. Another nickel company last week used 25% more expensive numbers, highlighting the promise of this project.

Quebec is arguably the best place in the world to develop a mine. The Nisk property is a significant land position encompassing 20 km of strike length with numerous high-grade intercepts for multiple battery metals, including copper, cobalt, palladium, platinum, and nickel. Covering nearly 46 km2 south of James Bay, the Nisk property already hosts a number of mining projects and comprises two blocks totaling 90 claims. The property covers a large part of the regional volcano-sedimentary unit, which is also favorable for hosting Nemaska Lithium’s Wabouchi lithium deposit.

The timing couldn’t be better for Power Nickel. The property sits in an excellent position for infrastructure. The Route du Nord from Chibougamau sits inside the south border. The property can utilize power from the Hydro-Québec power line. Additionally, there is a road to the Eastmain River and the La Grande River area. Power Nickel is building the greenest nickel mine in history in part due to access to the Quebec hydroelectric grid.

If everything goes to plan, drilling is expected to continue in August. Be sure to bookmark this company as it continues to make progress toward becoming a player in the nickel mining industry.




Offering exposure to Graphite and Lithium, Lomiko Metals may be one to watch

With all the news of the Russia-Ukraine crisis, many investors may not be aware of what’s been happening with critical materials. For example, lithium prices are up almost 10 times over the past 14 months from US$7,000/t to today’s US$67,424/t (CNY 426,500/t). Graphite prices look set to gain next in 2022. This is because electric vehicle (EV) batteries use a lot of lithium and graphite, and EV sales are booming, having risen by 108% in 2021, to reach 6.75 million vehicles. Given the popularity of EVs, I am expecting sales to exceed 10 million units in 2022, which means battery manufacturers will need a lot more lithium, graphite and other key metals.

BMI forecasts graphite deficits to begin from 2022 as demand for graphite grows strongly

Source: Lomiko company presentation

Today’s company is a junior miner with a focus on developing both its graphite project and its earn-in lithium project. The Company is Lomiko Metals Inc. (TSXV: LMR | OTCQB: LMRMF) (Lomiko).

Lomiko has two projects in Canada:

  • La Loutre Project (flagship) (100% interest) – A development stage graphite project in southern Quebec.
  • Bourier Project (70% earn in interest) – An exploration stage lithium project with multiple visible pegmatites in James Bay, Quebec Canada.

La Loutre Project (100% interest)

The La Loutre Project is spread over 2,867 ha and located 45 km by road from the city of Mont-Tremblant, in the Laurentides administrative region, Quebec, Canada. The Project has access to power, infrastructure & labor and is 192 km by highway to the Port of Montreal.

The Resource has an Indicated contained graphite of 1.044Mt @ 4.51% graphite and an Inferred contained graphite of 1.877Mt @ 4.01% graphite, based on a cut-off grade of 1.5% graphite.

The company’s PEA indicated an after-tax NPV8% of C$185.6 million, after-tax IRR of 21.5%, with a 15 year mine life producing about 100,000 tons/pa, based on a graphite price of US$916/t graphite (Cg). The initial CapEx was estimated at C$236.1 million, including mine pre-production, processing, infrastructure (roads, power line construction, co-disposal tailings facility, ancillary buildings, and water management). The OpEx was estimated at a cash cost of US$386 per tonne of graphite concentrate or a AISC of US$406/t graphite.

The key to note is that if we get higher graphite prices then the NPV will improve very significantly. For example, based on Lomiko’s sensitivity analysis the Project NPV would rise to C$601 million if graphite prices rose to $1,681/t.

La Loutre PEA highlights and location map

Source: Lomiko company presentation

The next steps for the Project include completing 4 full seasons of Environmental Baseline studies by the end of 2022, an updated Mineral Resource NI 43-101 Technical Report by October 2022, initiating and completing metallurgical studies to determine a processing method and product quality system, completing value-added testing for spherical graphite and battery compatibility.

Following the above would be the regular next steps of further feasibility studies (PFS, BFS), potential off-take agreements and project funding. So there is still quite a long way to go for the La Loutre Project, but at least it’s off to a solid start and the Project is in Canada.

The Bourier Project (potential to earn in up to 70%)

The Bourier Project is potentially a new lithium field in an established lithium district. It is owned by Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF), which has entered into an agreement with Lomiko Metals whereby Lomiko may acquire up to 70% of the property by funding exploration activities and other considerations.

The Project consists of 10,252 hectares (102.52 km2) located on the Nemiscau greenstone belt and is south-east of the Istchee region in James Bay, Quebec, Canada. 

The Project is still at a very early stage of exploration; however, GoldSpot’s AI analysis has revealed considerable lithium potential. Lomiko states: “A total of 99 pegmatite bodies were added to the current geological map, highlighting previously unknown potential for economic lithium mineralization.”

The next steps include surface sampling of the initial 15 targets then a drilling campaign on key identified target areas.

The Bourier Project with an initial 15 exploration targets

Source: Lomiko company presentation

Closing remarks

This decade there is no getting away from the fact that the world will need a huge amount more of the key EV metals. Even last week the Pentagon announced a plan to boost rare earths and lithium stockpiles. The current Russia-Ukraine crisis volatility is resulting in lower stock prices for many EV metal companies which is opening up a great potential buying opportunity for long term investors.

Lomiko offers exposure to two Canadian Projects – The La Loutre Project with a good sized and reasonable grade graphite resource and a solid PEA, and the Bourier Project which has promising early-stage lithium exploration potential.

Lomiko Metals trades on a market cap of only C$19 million, which must be the best opportunity valued graphite-lithium junior in town. One to watch in 2022.




Market Bullishness on Lithium has eyes on Critical Elements Lithium

The world is going to need a lot of lithium over the next several years if it wants to come anywhere near the goals being set by most G7 governments. The math is staggering as clearly defined by Jack Lifton in this great InvestorIntel article. So today we are going to look at one of the purest lithium deposits globally, the Rose Lithium-Tantalum project in Quebec. The project is owned and operated by Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF).

Rose Lithium-Tantalum Project:

The Rose Lithium-Tantalum property comprises 473 claims spread over a 24,654 ha area located in northern Québec’s administrative region, on the territory of Eeyou Istchee James Bay approximately 40 km north of the Cree village of Nemaska. The property is accessible by road via the Route du Nord, usable all year round and is 80 km south of Goldcorp’s Éléonore gold mine, 45 km northwest of Nemaska’s Whabouchi lithium project and 20 km south of Hydro Québec’s Eastmain 1 hydroelectricity generating plant. In essence, excellent access to infrastructure including roads, low-costs (low carbon – 93% hydroelectricity) power and skilled labor.

On November 27, 2017, the Company filed a National Instrument 43-101 technical report for the feasibility study of the Rose Lithium-Tantalum project.

Highlights are as follows:

  • Average annual production of 186,327 tonnes of chemical grade lithium concentrate
  • Average annual production of 50,205 tonnes of technical grade lithium concentrate
  • Average annual production of 429 tonnes of tantalum concentrate
  • Expected life of mine of 17 years
  • Average operating costs of $66.56 per tonne milled, $458 (US$344) per tonne of concentrate (all concentrate production combined)
  • Estimated initial capital cost $341.2 million before working capital
  • Average gross margin 63.6%
  • After-tax NPV of $726 million (at 8% discount rate), after-tax IRR of 34.9% and price assumption of US$1,500 per tonne technical grade lithium concentrate, US$750 per tonne chemical grade lithium concentrate, US$130 per kg tantalum pentoxide

To summarize, the deposit is a hard rock resource that hosts high purity lithium material with low iron and low mica content with full support and cooperation from the Québec government, First Nations and local communities. The economics and quality of this project have been proven to be very lucrative.

With a market cap of roughly $305.6 million, based on 183 million shares outstanding at yesterday’s three year high close of $1.67, CRE is not an inexpensive, undiscovered micro-cap. However, you are getting a project that is on track to be fully permitted and start construction in 2021 with first production in 2023. It is located in a politically safe and supportive jurisdiction and with the increasing emphasis on supply chain certainty there is a lot of potential value simply as a result of the location of the Rose project. Not to take anything away from the quality or robust economics surrounding Rose as well.

Looking at the chart, CRE appears to be breaking out from a five month sideways channel ranging from approximately $1.20 to $1.55. It has traded above $1.60 for the last five days on above average volume, closing above the $1.60 level twice in that span. Whether this is being driven by their recent news that the company had received UL ECOLOGO® Certification for Mineral Exploration, anticipation of the decision statement on the environmental assessment from the Impact Assessment Agency, which is due imminently, or simply a result of general bullishness surrounding lithium, the chart looks very constructive from a technical perspective.

All in all, Critical Elements Lithium represents a potential world class lithium mine (and a meaningful rerating opportunity that goes with that) plus speculative upside from the companies eight other projects. Would it have been nice to discover this gem a year ago when it was trading closer to $0.30 yet still had far less risk than a pure exploration play? Absolutely, and congratulations if you are a long term holder of CRE shares. However, if you are as bullish on lithium as Jack Lifton is you may want to take a closer look at Critical Elements Lithium Corporation.




Eric Zaunscherb on Critical Elements Lithium’s competitive advantages and the demand driven by energy storage systems

In a recent InvestorIntel interview, Tracy Weslosky speaks with Eric Zaunscherb, Chairman of Critical Elements Lithium Corporation (TSXV: CRE | OTCQX: CRECF), about their flagship Rose Lithium-Tantalum project located in James-Bay, Quebec. Eric starts with “Lithium ion batteries are ramping up in terms of demand driven by e-mobility and energy storage systems.” And then proceeds to discuss the Critical Elements’ vision, which is to be a global leading, responsible supplier of lithium hydroxide to the emerging electric vehicle and energy storage industries. Discussing the value of their First Nations relations, and the advantages relating to management with experience in taking a project to operations, Eric discusses how Critical Elements is well-positioned to play a significant role in the lithium market with one of the highest purity spodumene deposits in the world. Adding that “We aspire to be a large responsible and sustainable provider of lithium to the lithium ion battery industry.”

To watch the full interview, click here

About Critical Elements Lithium Corporation

Critical Elements Lithium Corporation is a junior mining company in advance exploration stage. The company’s flagship project is the Rose Lithium-Tantalum project located in James-Bay, Quebec with a good geographic location, on-site access to infrastructures like: powerline, roads, airport, railway access and camp. Primero Group recently completed the first phase of its Early Contractor Involvement agreement with the Corporation and provided a Guaranteed Maximum Price for the engineering, procurement and construction of the wholly-owned Rose Lithium-Tantalum project on a lump sum turnkey basis that is in line with the Project’s feasibility study published November 29, 2017. The project feasibility study is based on price forecasts of US $750/tonne for chemical-grade lithium concentrate (5% Li2O), US $1,500/tonne for technical-grade lithium concentrate (6% Li2O) and US $130/kg for Ta2O5 in tantalite concentrate, and an exchange rate of US $0.75/CA $. The internal rate of return (“IRR”) for the Rose Lithium-Tantalum project is estimated at 34.9% after tax, and net present value (“NPV”) is estimated at CA $726 million at an 8% discount rate.

To learn more about Critical Elements Lithium Corporation, click here

Disclaimer: Critical Elements Lithium Corporation is an advertorial member of InvestorIntel Corp.