In a future powered by batteries, lithium is quickly emerging as the most valuable commodity on the planet. But once it's gone, it's gone….
Battery power’s growth is being turbocharged which has given rise to the question of lithium’s supply and accessibility.
Where will all the lithium that the world needs come from?
The answer may be Nunavik. A vast territory in northern Quebec.
There’s much to be said about Quebec aside from its fine cuisine and hockey team.
Québec's subsoil also hides a variety of minerals for the future, such as copper, graphite, niobium, zinc, cobalt, nickel, titanium, and of course, lithium.
In fact, the province has been identified as the fifth most attractive mining jurisdiction in the world!
The clean energy transition is driving unprecedented demand for lithium. And for national security and supply chain reasons, it’s more important than ever to secure additional domestic sources of this critical mineral.
That’s why Eureka Lithium is leading the charge in the hunt for entirely new high-grade lithium districts in the top third of Quebec, a vast under-explored region known as Nunavik.
Quebec’s Nunavik region has drawn interest for its critical metal’s potential as the world transitions to green energy. The company is on a mission to unearth the next MAJOR lithium discovery in the area all while weening North America off Chinese supply!
Nunavik is largely underexplored, although some companies have made strides including Glencore, whose subsidiary Glencore Canada currently maintains one of the only operations in the region. The property hosts some of the richest base metal deposits in the world.
As said best by Canada's most famous prospector and UREKF's technical advisor, Shawn Ryan: This massive area comprising the top third of Quebec could prove to be the 'haystack' of mineralized lithium systems in all of Canada."
It should be noted that Ryan single-handedly kicked off the second major gold rush in Yukon mining history in 2009. His expertise also led to the discovery of several important deposits in the Yukon including the multi-million-ounce Coffee Project that was acquired by Goldcorp for C$520M in 2016, which is now being steered toward production by mining giant Newmont.
“Nunavik has some of the most prospective geology anywhere in the world for new mineral discoveries as evidenced by a top-tier nickel belt with two producing mines. Up until now, lithium has never been on geologists’ radar screens in this part of Quebec. With what is now known about the geology, geochemistry, and geophysics outside of this prolific nickel belt, thanks in part to Shawn Ryan’s meticulous research, the race is on for new lithium discoveries and Eureka is in the pole position with the financial and technical capacity to rapidly advance the Company’s highly prospective project portfolio.”
Jeffrey Wilson, CEO of Eureka Lithium
Billionaires Bill Gates, Jeff Bezos, and Richard Branson are among key investors in privately-held KoBold Metals, an aggressive battery metals-focused exploration and development company very active in Nunavik. The company is also backed by Andreessen Horowitz, a renowned Silicon Valley venture capital firm.
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