Snow Lake Lithium to produce lithium to power 5 million EVs
Canadian-based Snow Lake Lithium has said it expects to produce enough lithium to power around 5 million EVs over ten years.
Snow Lake Lithium’s planned all-electric lithium mine, which will supply the North American market, will power around 500,000 electric vehicles per year, according to the firm.
Philip Gross, CEO Snow Lake Lithium said, “As we rapidly transition to electrification, it’s essential for the future of the North American automotive industry that we build a rock to road battery supply chain
“Local sourcing of critical raw materials, such as lithium, is the only logical step to create a vertically integrated domestic supply chain. Snow Lake Lithium has access to a rich lithium resource and is on the doorstep of North American manufacturers. This is enough lithium to power 500,000 electric vehicles a year produced in North America, which would significantly reduce logistics and emissions that would be created by importing raw materials from China.”
Based in Manitoba, Canada, Snow Lake Lithium is developing the world’s first all-electric lithium mine to enable domestic supply of this critical resource to the North American electric vehicle industry.
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.
The proposed plant will be located in CentrePort Canada in Southern Manitoba and a scoping study is underway to identify the most effective approach to deliver a world-class lithium hydroxide plant within the Manitoba Province.
Snow Lake Lithium’s 55,000-acre site is expected to produce 160,000 tonnes of 6% lithium spodumene a year over a ten-year period. Currently, Snow Lake Lithium has explored approximately 1% of its site and is confident that further exploration will increase estimates over the course of the next year. Snow Lake Lithium’s planned mine will be operated by almost 100% renewable, hydroelectric power to ensure the most sustainable lithium manufacturing approach.
