CEAC-2022-03-March

News
Snow Lake Lithium to Develop World’s
First All-Electric Lithium Mine
SNOW LAKE, Manitoba, Canada — Snow Lake Lithium Ltd.
has outlined plans to develop the world’s first all-electric
lithium mine in Manitoba, Canada, developing a domestic
supply of this critical resource to the North America electric
vehicle industry.
With demand for electric vehicles growing rapidly, the global
automotive and energy storage industries will be competing
to access raw materials, especially lithium, that are a crucial
component of batteries.
North American automotive manufacturers have committed
manufacturing capacity to meet the demand for electric
vehicles, but the future of the North American automotive
industry relies on sourcing lithium hydroxide on the continent
rather than importing it from China and Asia, as well as
creating an integrated domestic supply chain.
To enable the seamless integration of the supply chain, Snow
Lake Lithium plans to establish a joint venture to create a
lithium hydroxide processing plant, and is seeking a partnership
with an automotive OEM or a battery manufacturer to
deliver this.
“We are facing a once-in-a-century industrial pivot as North
America accelerates towards an electrified future,” Philip
Gross, CEO of Snow Lake Lithium said. “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.
“Our ambition is to become the first fully integrated, carbon
neutral lithium hydroxide provider to the North American
electric vehicle industry,” he continued. “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.”
Snow Lake Lithium aims to establish the first fully integrated, carbon neutral
lithium hydroxide provider operated by renewable hydroelectric power.
The Manitoba region has a rich history of mining giving
Snow Lake Lithium access to some of the most talented and
experienced miners in North America.
“Mining runs through Manitoba’s DNA,” Gross asserted.
“The evolution of the electric vehicles supply chain offers
a once-in-a-generation opportunity to deliver economic
growth and secure a sustainable future for mining for the
province. We are working closely with Manitoba Province
to develop the right conditions to make the most of this
opportunity.”
Over the coming months, Snow Lake Lithium will continue
its engineering evaluation and drilling program across its
Thompson Brothers Lithium Project site, with the expectation
that the mine will transition to commercial production in late
2024.
Based in Manitoba, Canada, Snow Lake Lithium is ideally located
to serve the North American automotive industry, with
access to the U.S. rail network via the Arctic Gateway railway,
which reduces transportation from thousands of miles by
road and boat to just several hundred by train.
Snow Lake Lithium’s 55,000-acre site is expected to produce
more than 176,000 tons of 6-percent lithium spodumene a
year over a 10-year period. Currently, Snow Lake Lithium has
explored around 1 percent of its site, and is confident that
this will expand over the course of the next year. Snow Lake
Lithium’s mine will be operated by almost 100-percent renewable,
hydroelectric power to ensure the most sustainable
manufacturing approach.
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| Chief Engineer