Lithium exploration activity starts to surge in Nipigon, Red Lake
Northwestern Ontario is becoming a popular place find new sources of lithium as the electric vehicle revolution starts to accelerate.
The company has 40,800 hectares of ground and multiple lithium prospects spread out across the entire region. A resource estimate for Root comes out this quarter. Green Tech has made it known it wants to be first to market in supplying North American auto and battery manufacturers with a lithium hydroxide product.
In early February, Lithium One signed an option deal toward acquiring a potential high-grade lithium property 15 kilometres south of Green Technology’s Root Project and 70 kilometres north of Sioux Lookout. ”Each project has been chosen for high levels of prospectivity and also proximity to existing discoveries and deposits,” said Dominic Verdejo, company CEO in a news release. “Going forward, we will utilize our strengths as multi-project explorers and roll out work programs across our portfolio, with the first activity commencing this spring.”
Like Green Tech, Frontier aims to be a North American supplier of spodumene concentrate and battery-grade lithium hydroxide for the electric vehicle and energy storage sectors. The company intends to design and build its own lithium processing operations in Northern Ontario. Dubbed the Big Bang Project, the company made a cash-and-share deal with an unnamed vendor on a 6,267-hectare parcel of land, 15 kilometres south of Highway 11.
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