Geopolitics are making the extraction of lithium dirty and expensive, but Snow Lake Lithium has plans to clean that all up!
Snow Lake Lithium just announced the receipt of a $158,000 grant from the Manitoba Mineral Development Fund to help fund the company’s ongoing winter drilling campaign. The money will help fund the transition from ice road trucking of drilling materials tois hugely important for the North American auto industry, which currently has no domestic source for the lithium it needs to produce the millions and millions of electric vehicles it will have to in order to— well, exist into the next decade.
A previous grant from the Manitoba Mineral Development Fund of $62,000 was used in an ongoing geographic drone campaign . But more, of course, will be needed as the Snow Lake mine ramps up. But Snow Lake Lithium CEO, Phil Gross, believes the reward will be there in the end. “We are facing a once-in-a-century industrial pivot as North America accelerates towards an electrified future,” said Gross,. “If we don’t act now to secure a seamless lithium supply chain from rock to road, the North American car industry will not exist in 10 years’ time. Our ambition is to become the first fully integrated, carbon neutral lithium hydroxide provider to the North American electric vehicle industry.
That’s all good news to Gross. Based on Snow Lake Lithium’s initial surveys, the 55,000 acre site will produce more than 160,000 tons of 6% lithium spodumene per year for at least a decade, and the company has only explored about 1% of its site, and almost everyone involved is confident that the numbers will grow over the course of the next year.
You can check out some of Snow Lake Lithium’s presentation materials, below, then scroll on down to the comments section at the bottom of the page and let us know what you think of their odds of future success, and the future of the North American OEMs.
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