Lithium Development

Over the last decade, lithium has grown from having primary uses in glass and ceramic manufacturing to its now almost ubiquitous association with lithium-ion batteries. These batteries have emerged as a key component in energy storage applications ranging from small electronic devices through to electric vehicles for decarbonized transportation and grid scale energy storage. Given its increasingly important role in energy decarbonization, some forecasts suggest that lithium production will need to grow by as much as five times the current outputs by 2030 to satiate the surge in demand. With such a rapid expansion of supply required and relatively slow production scaling, a significant market opportunity exists for Canadian participants to capture a portion of this nascent supply chain in North America. These increased supply demands are in addition to a need to diversify the supply chain to support geopolitical stability, which is exemplified by the recent declaration