Oleblue
1 year ago
World's biggest lithium reservoir found in supervolcano McDermitt Caldera in Nevada - with $1.5trillion worth of the precious metal that powers world's technology
The world's largest lithium deposit was found on the Nevada-Oregon border
The McDermitt Caldera that formed 16m years ago has about 40m metric tons
By STACY LIBERATORE FOR DAILYMAIL.COM
PUBLISHED: 14:05 EDT, 11 September 2023 | UPDATED: 17:35 EDT, 11 September 2023
Geologists have uncovered what they believe could be the world's largest lithium deposit inside an ancient supervolcano along the Nevada-Oregon border in the US.
Clay containing up to 40 million metric tons of the precious metal was identified throughout the 28-mile-long McDermitt Caldera - nearly double what has been found in Bolivia's salt flats that have long held the record for the most lithium deposits.
While the amount of lithium is based on estimates - no drilling has taken place - scientists have found high concentrations of lithium in the caldera since the 1970s.
As of 2022, the average battery-grade lithium carbonate price was $37,000 per metric ton, meaning the volcano is potentially sitting on $1.48 trillion worth of the precious metal.
Canada-based Lithium Americas Corporation plans to begin mining as early as 2026, mine the region for the next 40 years, and then backfill the pit. However, the plan has been criticized due to the environmental impact of mining and claims that the site is on sacred Native American land.
Lithium is a critical component for batteries that power everything from smartphones to electric vehicles and solar panels - and China has dominated the market for decades because 90 percent of the metal mined is refined in the nation.
The McDermitt Caldera could hold the most lithium in the world. The crater, which formed 19 million years ago, sits along the Nevada-Oregon border. Experts said the extraction process would only need water to remove clay that will be leached to extract lithium
https://www.dailymail.co.uk/sciencetech/article-12504841/Worlds-largest-lithium-deposit-McDermitt-Caldera-US.html
skifam
4 years ago
Frontier Lithium to receive funding from Ontario Government for Lithium Chemicals Mini Pilot Project
Canada NewsWire
SUDBURY, ON, May 26, 2021
SUDBURY, ON, May 26, 2021 /CNW/ - Frontier Lithium Inc. (TSXV: FL) (OTCQX: LITOF) ("Frontier" or "the Company") aims to become a fully-integrated lithium producer of battery-quality lithium chemicals in North America's Great Lakes region from the PAK Lithium Project, which hosts Ontario's largest and highest-grade lithium resource. The Company is pleased to announce that the Government of Ontario has agreed to contribute $363,000 towards assisting Frontier Lithium with piloting a proprietary process that seeks to overcome certain financial, technical and environmental risks identified with conventional lithium chemical processing utilized commercially outside of North America. Lithium is a critical mineral that is increasing in demand globally by the manufacturing of lithium-ion battery materials needed for rapidly growing energy storage and electric vehicle markets.
DesertEagle
4 years ago
$LITOF only heading higher from here...
Excellent article out last week on Frontier Lithium. From its 66,160 acres in NW Ontario, Frontier plans to produce 23,174 tonnes per year of battery-grade lithium hydroxide monohydrate.
But with two other promising lithium prospects on Frontier's property, and exploration still ongoing, the resource count at PAK is likely to increase.
Hope everyone had a great weekend.
Sudbury lithium company talks of Great Lakes port-side processing plant