Snow Lake Assets—doing enterprise as Snow Lake Lithium—has signed a non-binding Memorandum of Understanding (MOU) with LG Vitality Resolution (LGES) to collaborate on a lithium provide chain for the EV market in North America.
As a part of the MOU, Snow Lake Lithium plans to produce lithium to LGES from 2025 to 2035 from its Snow Lake web site in Canada’s Manitoba province.
“Our wholly owned Thompson Brothers Lithium Mission now covers a 55,318-acre web site that has solely been 1% explored and comprises an identified-to-date 11.1 million metric tons indicated and inferred useful resource at 1% Li2O,” says Snow Lake Lithium.
The businesses are planning to collaborate on a lithium hydroxide processing plant positioned in Manitoba’s CentrePort. Snow Lake Lithium says it expects the plant to provide 160,000 tons of 6% lithium spodumene per yr, and to be operated by almost 100% hydroelectric energy.
Snow Lake is evaluating and drilling on the location, and has begun a examine of the applied sciences, improvements and abilities needed to determine the plant.
Supply: Snow Lake Lithium