Snow Lake Lithium urges a comprehensive “ecosystem” for EVs in North America

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The US government has an ambitious plan related to electrification of the auto industry. As we know, several billions of dollars have been allocated to push on the spread of infrastructures for energy supply and to accelerate the development of the national industry related to electric cars.

The particular, the Government has identified that the development and production of batteries are strategically important for the country as part of the transition to a clean energy economy and to remain competitive in the global automotive industry. It is precisely on this issue that Snow Lake Lithium intervenes, which presses on the creation of a complete ecosystem dedicated to the electric car to protect the North American automotive industry. In particular, the company emphasizes that the extraction and sustainable processing of lithium are essential elements of this ecosystem.

LITHIUM EXTRACTION

We remind you that Snow Lake Lithium is building a mine of lithium in Manitoba, Canada . The lithium that will be extract will be & agrave; supplied to North American electric vehicle manufacturers. This site is in an ideal location as it & egrave; close to an important artery of the railway network that will simplify transport. The 55,000-acre Snow Lake Lithium site is expected to produce; 160,000 tons per year of spodumene (6% lithium concentration) for a period of 10 years.

Currently, Snow Lake Lithium has explored a first portion of its site and & egrave; I am confident that further investigations will make it possible to increase the estimates over the next year. The Snow Lake Lithium mine will be; powered by almost 100% hydroelectric power to ensure the most efficient production approach; sustainable possible.

In the coming months, Snow Lake Lithium will continue & agrave; its site survey program with the goal that mining operations shift to commercial production in late 2024 . Philip Gross , CEO of Snow Lake Lithium, comments:

The United States is the birthplace of the automobile and the second largest automobile manufacturer in the world. With the growing demand for electric vehicles, we are faced with a once-in-a-lifetime opportunity and we need to act quickly to avoid losing our competitiveness. in the global market. To be successful, we must create a vertically integrated national supply chain to achieve large-scale battery production and future security of supply. Government, OEMs, battery manufacturers, the supply chain and academia must work together to create an integrated and comprehensive electrified ecosystem that includes lithium extraction and processing facilities, as well as cute; capacity of production and charging infrastructures. At Snow Lake Lithium, we firmly believe that now is the time to build a supply chain for electric vehicles to ensure longevity; in the industry.

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