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 resource to the North America electric vehicle industry. The mine will be operated by almost 100% renewable, hydroelectric power to ensure the most sustainable manufacturing approach.
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.
Its plan is to create and operate a fully renewable and sustainable lithium mine that can deliver a completely traceable, carbon neutral and zero harm product to the electric vehicle and battery markets.
The 55,000 acre site is expected to produce 160,000 tonnes of 6% lithium spodumene a year over a 10 year period.
The Canadian company will continue its engineering evaluation and drilling programme across its site, with the expectation that the mine will transition to commercial production in late 2024.
Philip Gross, CEO of Snow Lake Lithium, says: “We are facing a once-in-a-century industrial pivot as North America accelerates towards an electrified future. 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.”
He adds: “Our ambition is to become the first fully integrated, carbon neutral lithium hydroxide provider to the North American electric vehicle industry. 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 began trading on Nasdaq November 19, 2021, under the symbol “LITM.”
Keyword: World’s First All-Electric Lithium Mine to be Developed in Canada by Snow Lake Lithium