The world desperately needs lithium because of its essential role in the clean energy revolution, but rising demand has put a serious strain on global supply. As new lithium projects in North America gain government approval, one of the world’s largest lithium deposits in the small Western Maine town of Newry is locked up by strict state regulations. The deposit, which contains an estimated 11 million tons of ore and is valued at up to $1.5 billion, was discovered in 2021. However, the couple who owns the land is fighting in court to be able to excavate the valuable material. The Maine Department of Environmental Protection (DEP) said Mary and Gary Freeman of Freeman Resources would need to apply for permits under Maine’s Metallic Mineral Mining Act, a process that’s costly and would most likely take years. Meanwhile, companies like Clarity Metals Corp. (CSE:CMET) (OTC:CLGCF), Livent Corporation (NYSE:LTHM), Sayona Mining Limited (OTC:SYAXF), Lithium Americas Corp (NYSE:LAC) (TSX:LAC) and Albemarle Corporation (NYSE:ALB) are discovering and developing lithium properties in North America to combat rising demand and dwindling supply.
Clarity Metals Corp. (CSE:CMET) (OTC:CLGCF) is a Canadian company focused on the acquisition, exploration, and development of lithium, precious, and base metal projects. The company is currently focused on its recently acquired Lithium381 property in Quebec and has continued to provide updates on exploration progress. The 1107 hectare property is optimally located adjacent to Allkem’s James Bay Lithium Property, a deposit with indicated resources of 40.8 Mt @1.40% Li2O that is slated to start construction in Q1 2023.
On January 17, Clarity Metals reported positive preliminary resistivity results from a recently completed IP/Resistivity survey over a portion of the Lithium381 property. The preliminary results have identified a target for follow up that shows as a 1.5 km EW-oriented area of relative high resistivity values. In comparison with the James Bay Lithium Property survey completed in 2008, 800 meters to the southwest of the Lithium381 property, showed resistivity highs to be coincident with lithium-bearing pegmatites
“These first results from the extensive geophysical evaluation of the Lithium381 project provide an excellent resistivity high target to further focus our exploration,” said Clarity Metals CEO James Rogers. “At the adjacent Allkem James Bay Lithium Project the deposit occurs within resistivity highs supports our exploration ethos for our project.”
The Lithium381 property is located in Northern Quebec, Canada, about 3 kilometers from the James Bay Road and the KM381 service station, which provides infrastructure to the surrounding area.
The Lower Eastmain Group of the Eastmain Greenstone band in the northeastern section of the Superior Province, which serves as the host rocks for the nearby James Bay Lithium Deposit, underlies the Lithium381 Property and has not previously been investigated for lithium containing pegmatites.
Quebec has established itself as an advantageous jurisdiction for critical mineral exploration investment thanks to its 2030 Plan for a Green Economy, which aims to reduce carbon emissions, and its Plan for Development of Critical and Strategic Minerals, which is committed to sharing financial risk and improving infrastructure for projects in Northern Quebec.
Recently, Clarity Metals and Genius Metals Inc., an independent public company listed on the TSX Venture Exchange (TSXV), entered into an option agreement for Clarity to acquire an undivided 50% right, title, ownership, and beneficial interest in the Lithium381 Property.
For more information about Clarity Metals Corp. (CSE:CMET) (OTC:CLGCF), please click here.
Lithium Companies Are Investing in Innovations
Albemarle Corporation (NYSE:ALB), which owns the only operating lithium mine in the United States, has bought a piece of land in Charlotte, North Carolina, where it plans to spend at least $180 million to build the Albemarle Technology Park (ATP), a world-class facility for researching new materials, developing advanced processes, and speeding up the development of next-generation lithium products. Albemarle thinks that the innovations at the new site will improve lithium recovery, improve production methods, and bring in new forms of lithium that will allow batteries to perform at levels that have never been seen before.
On November 29, Nanyang Technological University, Singapore (NTU Singapore) and Livent Corporation (NYSE:LTHM) established a research partnership to advance environmentally friendly lithium battery technologies. The joint research will be overseen by Professor Madhavi Srinivasan, Executive Director of the Energy Research Institute at NTU and Co-Director of the NTU-Singapore CEA Alliance for Research in Circular Economy (SCARCE). A leader in creative methods for recycling and recovering valuable components from e-waste is SCARCE.recovering valuable elements from e-waste.
Sayona Mining Limited (OTC:SYAXF), a lithium company with projects in Quebec, Canada and in Western Australia, has named Guy Belleau as CEO of its Quebec subsidiary Sayona Inc, effective January 1, 2023. Laliberte will hand over the torch to him after carefully guiding Sayona over the years. Laliberte will now serve as a strategic advisor to Sayona Mining’s General Manager and CEO, Mr. Brett Lynch. Since joining the company in 2019, Laliberte has been in charge of the development of Sayona’s two lithium clusters in Abitibi-Temiscamingue and Eeyou Istchee Baie-James as well as the acquisition and restart of the NAL operation.
Lithium Americas Corp (NYSE:LAC) (TSX:LAC), a company advancing lithium projects iun Argentina and the US, recently announced its intention to separate into two leading lithium companies – one that is focused on Argentina and the other focused on North America. Upon completion of the business separation, Lithium International will hold 44.8% interest in Caucharí-Olaroz and 100% interest in the Pastos Grandes lithium brine project in Salta, Argentina. It will also hold approximately 17% investment in Arena Minerals. The North American company, Lithium Americas (NewCo), will hold 100% interest in Thacker Pass, one of the most advanced lithium projects currently known to be under development in the US, as well as previous investments in Green Technology Metals Limited and Ascend Elements, Inc.
Clarity Metals was also recently granted an option to purchase 100% of the Fecteau project, which is located in the prolific Abitibi gold belt adjacent to Osisko Mining’s Windfall project.
Featured Image MegaPixl @ Ghwitton
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