It also plans to establish a joint venture to create a lithium hydroxide processing plant.
Ideally located to serve the North American automotive industry, Snow Lake Resources Ltd. is expected to produce enough lithium to power around 5 million EVs for the next 10 years in the North American market.
Equivalent to around 500,000 electric vehicles per year, the company planned an all-electric lithium mine, which is perfectly placed to enable this domestic supply.
Philip Gross, CEO of 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.”
