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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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Clarity Metals Corp.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Clarity Metals Corp.’s industry; (b) market opportunity; (c) Clarity Metals Corp.’s business plans and strategies; (d) services that Clarity Metals Corp. intends to offer; (e) Clarity Metals Corp.’s milestone projections and targets; (f) Clarity Metals Corp.’s expectations regarding receipt of approval for regulatory applications; (g) Clarity Metals Corp.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Clarity Metals Corp.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Clarity Metals Corp.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Clarity Metals Corp.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Clarity Metals Corp.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Clarity Metals Corp.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Clarity Metals Corp. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Clarity Metals Corp.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Clarity Metals Corp.s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Clarity Metals Corp.’s business operations (e) Clarity Metals Corp. may be unable to implement its growth strategy; and (f) increased competition.
Except as required by law, Clarity Metals Corp. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Clarity Metals Corp. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Clarity Metals Corp. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.
7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Clarity Metals Corp. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Clarity Metals Corp. or such entities and are not necessarily indicative of future performance of Clarity Metals Corp. or such entities.
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