Quebec Lithium Mining Soars As Sayona Mining (ASX: SYA) Announces Plans For A $2 Million Drilling Project At Its Authier Lithium And Tansim Lithium Project; First Energy Metals Limited (OTC: ASKDF) Enters Option Agreement To Acquire Augustus Lithium Exploration Property In Quebecut SIRC at https://www.solarintegratedroofing.com/corporate-governance/leadership/ (OTC PINK: SIRC).
Sayona Mining (ASX: SYA)) plans a $2 million drilling project at its flagship Authier Lithium Project and emerging Tansim Lithium Project, reinforcing the significance of Quebec to critical lithium mining for use in all electric vehicles. Lithium is mined in China, Australia and Chile, but electric car makers such as Tesla Inc. (NASDAQ: TSLA) prefer vital lithium — a key element in lithium-ion batteries — that power the cars and trucks. Reinforcing the importance of Quebec as a lithium mining center, First Energy Metals Limited (OTC: ASKDF) has entered an option agreement to acquire the augustus Lithium Exploration Property In Quebec.
stockmarketpress.com features specialized coverage of related stocks in the lithium metals mining industry such as First Energy Metals Limited (OTC: ASKDF), Piedmont Lithium Limited (NASDAQ: PLL), Lithium Americas (NYSE: LAC), Sayona Mining (ASX: SYA), Livent (NYSE: LTHM), Pilbara (OTC: PILPF), General Motors (NYSE: GM), American Battery Metals (OTC: ABML), Tesla (NASDAQ: TSLA), Albemarle (NYSE: ALB), Sociedad Quimica y Minera (NYSE: SQM) and Power Metals (OTC: PWRMF).
Quebec Lithium Mining Soars As Sayona Mining (ASX: SYA) Announces Plans For A $2 Million Drilling Project At Its Authier Lithium And Tansim Lithium Project; First Energy Metals Limited (OTC: ASKDF) Enters Option Agreement To Acquire Augustus Lithium Exploration Property In Quebec
The move by Sayona Mining (ASX: SYA) represents a 30% hike in drilling activity in the area and activity will begin in late winter, the company said. Brett Lynch, the company’s Managing Director, said the new drilling campaign shows the company’s commitment to increase its lithium resources in Quebec. Sayona said it wanted to expand its lithium resources in its planned Abitibi regional hub, located in Western Quebec.
A lot of the demand for lithium, according to Forbes, are EV cars and trucks. It estimates that up to 57% of all cars ad trucks on the road by 2040 will be EV. Electric buses will dominate by then at 81% market share, it said.
“Lithium demand is soaring in Canada and the United States , as seen by the multi-billion dollar investments by automakers in electric vehicle (EV) production in Ontario, Tesla’s increasing off take demand and the Biden administration’s clean energy drive,” Lynch said. EV carmakers such as Tesla (NASDA: TSLA) and General Motors (NYSE: GM) seek lithium sources close to production facilities in their supply chain. Quebec Lithium Mining Soars As Sayona Mining (ASX: SYA) Announces Plans For A $2 Million Drilling Project At Its Authier Lithium And Tansim Lithium Project; First Energy Metals Limited (OTC: ASKDF) Enters Option Agreement To Acquire Augustus Lithium Exploration Property In Quebec.
First Energy Metals Limited (OTC: ASKDF) Mines Lithium In Emerging Quebec Region
First Energy Metals Limited (OTC: ASKDF) last week entered into an option agreement to acquire the Augustus lithium exploration property in Quebec amid a flurry of activity in the lithium mining market of Quebec as lithium demand soars for use in electric cars, computers and electronics in a jumping market. ASKDF is a Canadian mineral exploration company. Quebec is emerging as a center of lithium mining, given its abundant mineral resources. It is also located close to major U.S. and European electric vehicle markets. Quebec is also home to major mining concerns and to first class infrastructure. In this region, ASKDF said, there are more than 50 million tons of at 1% lithium oxide.
First Energy Metals Limited (OTC: ASKTF) entered into the option agreement to acquire a lithium exploration property in Landrienne & Lacorme-Townships in Quebec. It consists of three non-contiguous claim groups located some 40 kilometers northwest of Val D’Or in Quebec. It says that the geology and mineralization of the site is similar to the Quebec Lithium mine, the Company said. There are also several mines nearby, including the Mine Quebec Lithium and Authier Lithium, owned by Sayona Mining of Australia, and others. Quebec Lithium Mining Soars As Sayona Mining (ASX: SYA) Announces Plans For A $2 Million Drilling Project At Its Authier Lithium And Tansim Lithium Project; First Energy Metals Limited (OTC: ASKDF) Enters Option Agreement To Acquire Augustus Lithium Exploration Property In Quebec.
First Energy Metals Limited (OTC: ASKDF) Holds Option For 100% Interest In Lithium Property
First Energy holds an option to acquire a 100% interest in the Augustus lithium property by making cash payments, common shares and issuances beginning with a $35,000 cash payment on the effective date of the option. Other payments will follow on specified anniversary dates in the future. In addition, common shares are to be issued on the execution of the option agreement and in the future. The optionee incurs expenditures on the property. Quebec Lithium Mining Soars As Sayona Mining (ASX: SYA) Announces Plans For A $2 Million Drilling Project At Its Authier Lithium And Tansim Lithium Project; First Energy Metals Limited (OTC: ASKDF) Enters Option Agreement To Acquire Augustus Lithium Exploration Property In Quebec.
Earlier, Piedmont Lithium Limited (NASDAQ: PLL) announced it was investing $12 million in a strategic investment to acquire 19.9% of Hard Rock Lithium Developer Sayona Mining Limited and 25% of Sayona Quebec as it positions itself to become a major producer of lithium hydroxide. Quebec is becoming a growing and important lithium hydroxide production center. Piedmont Lithium Limited (NASDAQ: PLL) is investing heavily in Quebec lithium mining.
Lithium: A $129.3 Billion Market By 2027 With CAGR Growth Of 18% From 2020-2027
Allied Market Research sees the lithium ion battery market reaching $129.3 billion by 2027, growing at a CAGR of some 18% from 2020-2027. Lithium ion batteries are rechargeable with high-energy density and are used in portable equipment. They are critical for electric EV cars, electronics, smartphones, PC computers and commercial construction equipment, according to the Allied Market Research report. The trend is for even greater demand ahead.
Details Of The Option Agreement
Source: Stock Market Press
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