Gross explained the company is working with Meglab in Canada to implement electric mining practices that require no trucks or diesel emissions.īased on Snow Lake Lithium’s surveys, its 55,000+ acre site is expected to produce 160,000 tons of 6% lithium spodumene per year for at least a decade. In speaking with Gross directly, he explained that the company’s ethos is that if you’re going to mine for resources that contribute to environmentally conscious technologies, then the practices in obtaining those materials must be congruent – thus sustainable and environmentally friendly. We are developing the world’s first all-electric lithium mine, operated by renewable power, and are currently looking for a joint venture partner to create a lithium hydroxide processing plant in the region Our ambition is to become the first fully integrated, carbon neutral lithium hydroxide provider to the North American electric vehicle industry. 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.
We are facing a once-in-a-century industrial pivot as North America accelerates towards an electrified future. Snow Lake Lithium CEO, Philip Gross spoke to the potential of this resource: The company shared news of its all-electric lithium mine in a press release, which shared details of the site itself, and reiterated its need for a joint venture to complete the supply chain. The Lithium processing practice / Source: Snow Lake Lithium Snow Lake Lithium looks to support EVs in North America While the company has not shared who this OEM may someday be, we do know it is aggressively pursuing this partnership, and has presented to several big names in American autos. In the meantime, Snow Lake is searching for a joint venture partner to help process the raw material into lithium hydroxide suitable for EV batteries. Snow Lake Lithium kicked off its initial assessment last month, but it will take 18-24 months for environmental work such as permitting to be complete before lithium mining can actually begin in North America. The company has recognized the growing demand for electric vehicles, and the impending competition for raw materials that will arise when automakers and battery manufacturers expand their production capacities to meet this demand.įurthermore, Snow Lake Lithium believes the only way North American OEMs will have a long term shot at staying competitive is to source components like lithium hydroxide domestically, thus cutting the industries dependency on China, while simultaneously shortening supply chains. Over the past year, Snow Lake Lithium has doubled the size of its property by staking and filing claims with the Manitoba Mineral Resources Division. Since then, Snow Lake has been busy consolidating the land, and conducting surveys for its true resource potential. The lithium-rich land was acquired in 2016 by Australian exploration company Nova Minerals Ltd., which remains a majority shareholder to Snow Lake Lithium, which was formed in 2018. ($LTIM) is a newly traded mining company that has made a commitment to provide completely traceable, carbon neutral, and zero harm lithium to the EV and battery market in North America. As Snow Lake Lithium works through the environmental red tape to begin mining, it is seeking an OEM to enter in a joint venture to help process the lithium into EV batteries for North America.
By utilizing Manitoba’s hydroelectricity, the entire mining operation can run on 98% renewable energy, helping the company sustainably source lithium – a vital resource to EV batteries – domestically in North America. has outlined plans to develop over 55,000 acres in Manitoba, Canada into the world’s first all-electric lithium mine.
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