Lithium Exploration Accelerates Alongside a Growing Demand for Rechargeable Batteries
NEW YORK, Jan. 25, 2023 /PRNewswire/ -- Lithium-ion batteries have been heavily adopted around the world due to their compact size, rechargeability, recyclability and high-density energy output. Overall, such batteries are often used in electric vehicles (EVs). "The push by automotive original equipment manufacturers (OEMs) and battery manufacturers to continually reduce battery pack costs continues," says William Tokash, Senior Research Analyst with Navigant Research. "This effort, led by improving battery manufacturing processes and maturing supply chains, is anticipated to yield a market driven by battery electric vehicles (BEVs), where both large and small capacity Li-ion battery-pack-equipped vehicles have markedly improved driving ranges." Manning Ventures Inc. (CSE: MANN) (OTC: MANVF), Standard Lithium Ltd. (NYSE: SLI), American Lithium Corp. (NASDAQ: AMLI), Pilbara Minerals Limited (OTC: PILBF), Snow Lake Resources Ltd. (NASDAQ: LITM)
- Given the distribution of lithium content of other pegmatites in the James Bay Lithium District, the samples have been categorized into three categories, as follows:
Very anomalous (greater than 201 ppm lithium). - Spring-2022: Seven samples on the Property are categorized as very anomalous, with up to 425 ppm lithium.
- Corvette Property of Patriot Battery Metals;
Rose Lithium-Tantalum Deposit of Critical Elements Lithium Corp; and
Whabouchi Lithium Deposit of Nemaska Lithium;
Spodumene bearing pegmatites are important sources of hard rock lithium. - With rising EV demand lithium hydroxide and lithium carbonatite prices have risen by over 200% during 2021.