Connect with us


Things are Brewing in Canada, eh?

Quebec’s lithium industry is marching on; neighbouring Ontario looks to catch up ASX juniors and developers keep throwing their chips … Read More

Share this article:



This article was originally published by Stockhead
  • Quebec’s lithium industry is marching on; neighbouring Ontario looks to catch up
  • ASX juniors and developers keep throwing their chips into pots of maple syrup
  • Explorers doing what they do best, explore

All your lithium news, Tuesday, June 6.


Not since the beginning of an ongoing feud between the Toronto Maple Leafs vs Montreal Canadiens – known as the Habs – has there ever been such a rivalry between Ontario and Quebec; that is, until, the rise of the lithium industry.

Both provinces are taking their gloves off the hockey field and onto the mine site, as they look to consolidate large endowments of the battery metal for both production and processing.

Starting at an advantage over its noisy neighbour is Quebec, which has one of the hottest developing lithium regions on the planet – James Bay.

Almost two weeks ago to the day, one of Canada’s largest producers, Nemaska Lithium, signed an 11-year deal to supply up to 13,000t of refined lithium (LiHO) annually to carmaker Ford from its Whabouchi mine and Becancour conversion plant in the James Bay Region, pegged to begin production from 2025.

“The Nemaska lithium project will be a sustainable source of lithium, supporting Ford’s ability to scale and helping us make EVs more accessible and affordable over time to millions of customers,” Ford EV Industrialisation VP Lisa Drake said in a presser.

Allkem (ASX:AKE) is also developing its own mine in the region, together with a flurry of ASX-listed companies such as Rubix Resources (ASX:RB6), Winsome Resources (ASX:WR1), Recharge Metals (ASX:REC), Patriot Battery Metals (ASX:PAT) and Discovery Alaska (ASX:DAF) – just to name a few.  

Meanwhile, in Ontario, Blaze Minerals (ASX:BLZ), is sidling up next to C$450 million capped TSX.V-listed Frontier Lithium and its 50mt PAK and Spark projects – the leaders in the province.

Battery Age Minerals (ASX:BG8) and Green Technology Metals (ASX:GT1) also have exploration projects in Ontario around Lake Seymour.

READ: Every man and his dog is looking for lithium in Canada right now. Which ASX companies have joined the craze?

Additionally, there are a sizeable number of TSX-V, AIM and LSE-listed companies probing Ontario’s lithium endowments.

With all that in mind, the Ontario government is aiming to establish its own end-to-end EV supply chain in the province to help position Canada to become a global player in the supply of the materials necessary for EV production and battery manufacturing.

Volkswagen, Stellantis (with LG) have already signed on to establish two battery cell manufacturing plants and Belgium’s Umicore has invested $1.5 billion in setting up a cathode active material facility.

To squeeze value between the raw material production and battery manufacturing the Ontarians are building up in their region, they’ll need to squeeze in a crucial part of the supply chain – the refinement of lithium hydroxide.

Ontario Minister of Economic Development, Job Creation and Trade Vic Fedeli was quoted saying “To be able to build a battery, we now need…cathode, anode, separator, copper foil, aluminum foil and lithium hydroxide.”

“There are six companies that we need in Ontario right now,” Fedeli said.

And out of those six, it’s lithium hydroxide refinement that he points to as a priority. 

“We’re almost there in getting the lithium out of the ground. Then we envision things like the lithium conversion facility making lithium hydroxide that every lithium-ion battery today it’s going to need. That is all coming.”


Here’s how Aussie lithium stocks are tracking:

Code Company Price % Today Market Cap
ENT Enterprise Metals 0.005 25% $2,820,323
NWM Norwest Minerals 0.032 19% $6,679,023
VKA Viking Mines Ltd 0.009 13% $8,202,067
LRV Larvottoresources 0.185 12% $11,097,029
EFE Eastern Resources 0.011 10% $12,419,465
WC8 Wildcat Resources 0.12 9% $72,822,500
PAM Pan Asia Metals 0.28 8% $40,369,239
DTM Dart Mining NL 0.043 8% $6,891,489
BMM Balkanminingandmin 0.22 7% $9,793,263
AZI Altamin Limited 0.076 7% $27,811,889
BYH Bryah Resources Ltd 0.017 6% $5,465,991
AML Aeon Metals Ltd. 0.018 6% $18,638,811
KGD Kula Gold Limited 0.018 6% $6,344,603
LLO Lion One Metals Ltd 0.8 5% $9,211,930
TKM Trek Metals Ltd 0.066 5% $27,653,540
WR1 Winsome Resources 1.64 4% $254,668,942
FTL Firetail Resources 0.12 4% $8,855,000
VUL Vulcan Energy 3.93 4% $621,429,085
INR Ioneer Ltd 0.3475 4% $702,943,319
NMT Neometals Ltd 0.59 4% $315,062,470
MLS Metals Australia 0.037 3% $22,465,303
KOB Kobaresourceslimited 0.185 3% $18,975,000
VMC Venus Metals Cor Ltd 0.19 3% $33,527,306
QPM Queensland Pacific 0.1075 2% $183,366,532
STM Sunstone Metals Ltd 0.0215 2% $64,721,682
MAN Mandrake Res Ltd 0.045 2% $26,345,436
EMH European Metals Hldg 0.705 2% $86,908,233
DRE Dreadnought Resources Ltd 0.052 2% $169,714,139
LKE Lake Resources 0.53 2% $739,671,248
LIS Lisenergylimited 0.285 2% $46,455,972
PLL Piedmont Lithium Inc 0.9275 1% $395,992,785
ASN Anson Resources Ltd 0.1875 1% $226,355,012
PLS Pilbara Min Ltd 4.61 1% $13,671,710,818
GLN Galan Lithium Ltd 1 1% $333,546,251
IGO IGO Limited 14.54 1% $10,919,801,863
RAS Ragusa Minerals Ltd 0.0775 1% $10,980,107
LEL Lithenergy 0.9 1% $85,033,950
RIO Rio Tinto Limited 112.13 0% $41,424,017,320
ADV Ardiden Ltd 0.007 0% $18,818,347
AGY Argosy Minerals Ltd 0.465 0% $653,049,487
1MC Morella Corporation 0.008 0% $48,788,644
AVZ AVZ Minerals Ltd 0.78 0% $2,752,409,203
INF Infinity Lithium 0.11 0% $50,885,130
LIT Lithium Australia 0.036 0% $43,962,900
LPD Lepidico Ltd 0.011 0% $84,015,604
LPI Lithium Pwr Int Ltd 0.32 0% $201,356,019
AKE Allkem Limited 15.09 0% $9,622,260,518
RLC Reedy Lagoon Corp. 0.006 0% $3,400,318
SYA Sayona Mining Ltd 0.18 0% $1,637,775,564
TKL Traka Resources 0.007 0% $6,099,305
TON Triton Min Ltd 0.034 0% $53,086,091
ARN Aldoro Resources 0.12 0% $16,130,849
AAJ Aruma Resources Ltd 0.063 0% $9,888,575
AX8 Accelerate Resources 0.023 0% $8,684,840
EMS Eastern Metals 0.048 0% $1,875,092
FG1 Flynngold 0.076 0% $7,818,389
FRS Forrestaniaresources 0.075 0% $4,566,848
RAG Ragnar Metals Ltd 0.018 0% $6,825,328
CTN Catalina Resources 0.0035 0% $4,334,704
TMB Tambourahmetals 0.1 0% $4,119,260
WCN White Cliff Min Ltd 0.008 0% $7,672,435
WML Woomera Mining Ltd 0.014 0% $13,386,257
AZL Arizona Lithium Ltd 0.044 0% $118,402,491
QXR Qx Resources Limited 0.038 0% $34,080,768
SCN Scorpion Minerals 0.069 0% $23,853,727
KAI Kairos Minerals Ltd 0.017 0% $33,389,589
PGD Peregrine Gold 0.28 0% $15,708,731
AVW Avira Resources Ltd 0.003 0% $6,401,370
GT1 Greentechnology 0.7 0% $133,866,875
CAI Calidus Resources 0.18 0% $98,886,207
MRR Minrex Resources Ltd 0.014 0% $15,188,145
A8G Australasian Metals 0.145 0% $7,557,472
MQR Marquee Resource Ltd 0.023 0% $7,525,773
LSR Lodestar Minerals 0.005 0% $9,216,987
AOA Ausmon Resorces 0.005 0% $4,846,447
SRI Sipa Resources Ltd 0.021 0% $4,791,321
RGL Riversgold 0.016 0% $15,220,183
ZNC Zenith Minerals Ltd 0.125 0% $44,047,610
G88 Golden Mile Res Ltd 0.023 0% $6,431,793
EVR Ev Resources Ltd 0.015 0% $14,039,761
MNS Magnis Energy Tech 0.16 0% $178,210,210
THR Thor Energy PLC 0.005 0% $7,300,064
YAR Yari Minerals Ltd 0.017 0% $8,200,083
MXR Maximus Resources 0.036 0% $11,486,008
MM1 Midasmineralsltd 0.18 0% $10,283,718
M2R Miramar 0.055 0% $4,420,996
LLI Loyal Lithium Ltd 0.32 0% $19,036,800
LRD Lordresourceslimited 0.105 0% $3,898,873
WMC Wiluna Mining Corp 0.205 0% $74,238,031
KTA Krakatoa Resources 0.023 0% $8,357,661
TYX Tyranna Res Ltd 0.019 0% $59,022,081
DAF Discovery Alaska Ltd 0.028 0% $6,558,572
IR1 Irismetals 1.16 0% $74,506,800
DAL Dalaroometalsltd 0.062 0% $1,852,250
CY5 Cygnus Metals Ltd 0.205 0% $43,898,846
CMD Cassius Mining Ltd 0.018 0% $7,352,872
PAT Patriot Lithium 0.25 0% $15,346,876
CHR Charger Metals 0.475 0% $20,764,325
RMX Red Mount Min Ltd 0.004 0% $9,087,404
DLI Delta Lithium 0.65 0% $294,658,536
FIN FIN Resources Ltd 0.017 0% $10,515,101
NIS Nickelsearch 0.06 0% $3,630,325
XTC Xantippe Res Ltd 0.003 0% $34,440,299
LRD Lordresourceslimited 0.105 0% $3,898,873
IEC Intra Energy Corp 0.007 0% $4,940,471
MIN Mineral Resources. 69.74 -1% $13,651,731,906
LTR Liontown Resources 2.755 -1% $6,117,335,679
ESS Essential Metals Ltd 0.445 -1% $120,405,012
LLL Leolithiumlimited 0.87 -1% $868,320,669
WES Wesfarmers Limited 48.2 -1% $55,316,150,687
EG1 Evergreenlithium 0.4 -1% $22,773,150
LRS Latin Resources Ltd 0.1725 -1% $444,643,777
A11 Atlantic Lithium 0.6 -2% $371,637,413
LPM Lithium Plus 0.28 -2% $18,806,637
SGQ St George Min Ltd 0.051 -2% $43,706,549
CXO Core Lithium 1.0825 -2% $2,053,661,057
GL1 Globallith 1.52 -2% $402,825,134
PL3 Patagonia Lithium 0.165 -3% $8,330,595
LNR Lanthanein Resources 0.0155 -3% $17,945,209
BNR Bulletin Res Ltd 0.061 -3% $18,496,239
NVA Nova Minerals Ltd 0.29 -3% $63,266,987
VSR Voltaic Strategic 0.086 -3% $32,881,739
CRR Critical Resources 0.0415 -3% $68,574,459
IPT Impact Minerals 0.0135 -4% $39,825,854
AUN Aurumin 0.026 -4% $7,319,472
PSC Prospect Res Ltd 0.125 -4% $60,093,730
KZR Kalamazoo Resources 0.12 -4% $19,050,794
GW1 Greenwing Resources 0.24 -4% $37,477,444
MTM MTM Critical Metals 0.115 -4% $10,602,907
JRL Jindalee Resources 2 -4% $119,922,039
FBM Future Battery 0.11 -4% $49,202,190
PNN Power Minerals Ltd 0.435 -4% $32,912,099
EUR European Lithium Ltd 0.1 -5% $156,370,113
EMC Everest Metals Corp 0.1 -5% $13,590,476
TUL Tulla Resources 0.3 -5% $106,436,674
EMC Everest Metals Corp 0.1 -5% $13,590,476
AS2 Askarimetalslimited 0.28 -5% $19,878,089
ALY Alchemy Resource Ltd 0.018 -5% $22,383,449
MMC Mitremining 0.265 -5% $10,705,828
LM1 Leeuwin Metals Ltd 0.32 -6% $15,226,900
AM7 Arcadia Minerals 0.15 -6% $7,471,663
OCN Oceanalithiumlimited 0.375 -7% $15,866,483
TEM Tempest Minerals 0.012 -8% $6,588,681
EPM Eclipse Metals 0.012 -8% $26,364,777
ZEO Zeotech Limited 0.057 -8% $101,723,752
IMI Infinitymining 0.11 -8% $9,177,398
SRZ Stellar Resources 0.01 -9% $11,065,607
BUR Burleyminerals 0.225 -10% $18,654,951
GSM Golden State Mining 0.053 -12% $8,655,852


37 lithium companies on the ASX were up today, 68 broke even, and 44 dropped into the minus.




FBM is looking to extend mineralisation it hit during a Phase 1 drilling program at its Nevada lithium project, bringing in a much bigger drill rig so it can better realise the potential resource it has on its hands.

A Schramm 685 rig is already spinning.

The explorer is targeting extensions of thick lithium claystone it intercepted at the Western Flats prospect earlier this year, which included hits of 109.7m @ 766 parts per million (ppm) Li from 135.6m depth to end-of-hole, including 29m @ 1,010ppm Li from a depth of 210.3m at hole WF23-011, where mineralisation remains open.

The significant intercept has the potential to extend and shallow towards the Lone Mountain prospect, as well as newly staked claims contiguous to Western Flats. 

“The programme is a very important next step in the company’s exploration of the Nevada lithium project as we increase our understanding of the potential scale of this mineralisation,” FBM technical director Robin Cox said.




MHC has confirmed spodumene is in abundance at its recently acquired Chebogue lithium project in Nova Scotia, Canada.

The explorer found large, coarse-grained spodumene-bearing boulders in glacial tills at the BP target area that are almost identical to Champlain Mineral Ventures’ Brazil Lake lithium project immediately to the south, which has measured and indicated resources of 555,300t at 1.3% Li2O and 381,000t at 1.48% Li2O respectively.

Consultant geologist Dr Jacob Hanley positively identified huge spodumene separates in the five selected samples provided by the company.

While assays are pending to show more definitive results, the team at MHC are confident in what they’ve already uncovered.

“This is the first discovery of spodumene-bearing pegmatites in southwest Nova Scotia since the nearby Brazil Lake Lithium deposit discovery in 1960,” MHC country manager Paul Smith said.

“This discovery of spodumene-bearing pegmatite boulders at the BP target area is a strong indication that additional pegmatites will occur along this ~4-kilometre-wide stratigraphic sequence of metavolcanic and metasediments.”

The company reckons Chebogue could be an attractive development, as infrastructure such as all-weather roads, an airport, power grids, wind plants and a short 25km to deep sea shipping facilities at Yarmouth Port.




VSR is ready to hard-rock some lithium at its Ti Tree project in WA’s Gascoyne region.

A 3,000m Phase 2 drilling program aims to further prove up pegmatite intercepts it struck last month at its Andrada and Morpheus prospects. 

Both targets are located within the Volta Corridor – a major belt of lithium-bearing pegmatites where a whopping 90,000m drill program is underway at Delta Lithium’s nearby Yinnetharra project. 

VSR chief Michael Walshe said phase 1 drilling “barely scratched the surface in terms of understanding the depth and scale potential of our tenure.”

“Our initial rock chip sampling campaigns identified >300 pegmatites across our ‘Volta Corridor’ and confirmed that several of them are geochemically ‘fertile’ for LCT mineralisation,” Walshe said.

“Phase 1 drilling confirmed that many of these pegmatites have significant size potential, and we still have not identified their structural bounds.

“Following the extremely strong level of support for the $7m placement, we are now well funded to realise our ambitious plans to vector to the best part of our tenure at Ti Tree.”




BUR’s foray into Quebec is looking quite peachy after assays from its first three drill holes at the Chubb lithium project came back confirming >1.2% Li2O spodumene mineralisation. 

Intersections of note include 8.2m at 1.31% Li2O from 130.4m, including 4.2m at 1.93% Li2O and 7.7m at 1.30% Li2O from 80.1m, including 3.0m at 1.81% Li2O.

The Main Dyke prospect is interpreted as a tabular, continuous spodumene pegmatite with a strike length of at least 560m, extending down 200m from surface.

With an extra $4.5m in the bank after a recent cap raise, BUR is well-funded to continue exploration work and will resume diamond drilling later this month to test for extensions both along strike and down depth.

“The receipt of such highly encouraging results in such a short period of time is a major milestone for [us] following the recent acquisition of the Chubb lithium project in February this year,” BUR chair Bryan Dixon said.

“The new drilling intersections build on a high-grade spodumene zone identified in mapping and subsequently in drilling undertaken in 2021 and 2022, and the company is eagerly anticipating the remaining assay results from the current programme during June.”



At Stockhead, we tell it like it is. While Burley Minerals, Manhattan Corporation, Voltaic Strategic Resources and Future Battery Minerals are Stockhead advertisers, they did not sponsor this article.

The post Eye on Lithium: Things are brewing in Canada, eh? appeared first on Stockhead.




Share this article:


Copper Road intersects broad zones of visible copper mineralization at its namesake project in Ontario – Richard Mills

Copper Road Resources Inc. (TSXV: CRD) is encountering promising geology at its Copper Road project in Batchewana Bay, Ontario.
The recently…

Share this article:

Continue Reading

Junior Is Making Lithium Pivot in Quebec

Source: Streetwise Reports 09/22/2023

Fabled Copper Corp. announced the results of its first-phase sampling program at its OHM lithium property…

Share this article:

Continue Reading

3 EV Stocks to Turn $50,000 to $1 Million by 2030

Investing in EV stocks offers investors the opportunity to benefit from the world’s green energy transition. The automotive sector will play a significant…

Share this article:

Continue Reading