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UNDERSTANDING LITHIUM

UNDERSTANDING LITHIUM

GROWING DEMAND FOR LITHIUM

ONTARIO’S LITHIUM POTENTIAL

GLOBAL LITHIUM MARKET TREND

The increasing demand for lithium, driven by its use in batteries for electric vehicles and renewable energy storage, presents a compelling investment opportunity in the exploration and production of this critical mineral. 

Ontario, Canada, is emerging as a key player in the lithium market, with significant reserves and favourable mining regulations, making it an attractive location for exploration and investment. 

The global lithium market is experiencing rapid growth, with projections indicating a substantial increase in demand over the coming years,
creating a favourable environment for investment in lithium exploration.

GROWING DEMAND FOR LITHIUM

The increasing demand for lithium, driven by its use in batteries for electric vehicles and renewable energy storage, presents a compelling investment opportunity in the exploration and production of this critical mineral. 

ONTARIO’S LITHIUM POTENTIAL

Ontario, Canada, is emerging as a key player in the lithium market, with significant reserves and favourable mining regulations, making it an attractive location for exploration and investment. 

GLOBAL LITHIUM MARKET TREND

The global lithium market is experiencing rapid growth, with projections indicating a substantial increase in demand over the coming years,
creating a favourable environment for investment in lithium exploration.

Demand for Lithium Worldwide (2022-2035) 

40.5%

Estimation of year-over-year growth rate of 2023

54.43%

CAGR with accelerating momentum

34%

of the growth will originate from North America

The market is fragmented with several players occupying the market share

Demand for Lithium Worldwide (2022-2035) 

Source 1: Statista    Source 2: Yahoo Finance

Electrification in North America

NORTHVOLT GIGAFACTORY

Quebec, Canada

Capable of producing 60 GWh
of EV batteries per year

LGES MICHIGAN

Holland, Michigan

Capable of producing 25 GWh of EV batteries per year

KOMOKO GIGAFACTORY 2

Kokoma, Indiana

Capable of producing 67 GWh of EV batteries per year

BLUEOVALSK BATTERY PARK

Glendale, Kentucky

Capable of producing 86 GWh of EV batteries per year

BLUEOVALSK BATTERY PARK

Glendale, Kentucky

Capable of producing 86 GWh of EV batteries per year

BLUE OVAL CITY

Stanton, Tennessee

Capable of producing 43 GWh of EV batteries per year

BATTERY MATERIALS CAMPUS 1

Reno, Nevada

Capable of producing 100 GWh of ultra-thin EV batteries per year

TESLA GIGAFACTORY

Sparks, Nevada

Capable of producing 100 GWh of EV batteries per year

Click map icons for more information

$16.3
Billion

Over $16 billion in building a Volkswagen370-acre battery production site in Ontario: capable of producing 1 million batteries per year at an output of 90 GWh.

 $100
Billion 

Invested and promised to invest in building domestic cell and module manufacturing by automakers and battery manufacturers by 2030.

$10-13
Million EVs

By 2030, North American battery manufacturing capacity will support the manufacturing of between 10 million and 13 million all-electric vehicles per year. 

Electrification in North America

$16.3
Billion

Over $16 billion in building a Volkswagen370-acre battery production site in Ontario: capable of producing 1 million batteries per year at an output of 90 GWh.

 $100
Billion 

Invested and promised to invest in building domestic cell and module manufacturing by automakers and battery manufacturers by 2030.

$10-13
Million EVs

By 2030, North American battery manufacturing capacity will support the manufacturing of between 10 million and 13 million all-electric vehicles per year. 

Source 1: Tech Crunch   Source 2: Michigan Business

Global Lithium
Mining Market
Set to Surge.

Global Lithium
Mining Market
Set to Surge.

EXPONENTIAL GROWTH FORECAST 

GROWTH HIGHLIGHTS

Hybrid sales surged 5X faster than EV sales in February 2024, according to Morgan Stanley.

Toyota saw a nearly 28% increase in hybrid and plug-in sales over the previous year, now making up 30% of their portfolio. Hyundai, Ford, and General Motors are also shifting focus to hybrids, recognizing their growing market appeal.

Hybrid sales surged 5X faster than EV sales in February 2024, according to Morgan Stanley.

Toyota saw a nearly 28% increase in hybrid and plug-in sales over the previous year, now making up 30% of their portfolio. Hyundai, Ford, and General Motors are also shifting focus to hybrids, recognizing their growing market appeal.

Ontario’s Mining Industry by the Numbers

Ontario’s Mining Industry by the Numbers

EXPLORATION PROJECTS IN ONTARIO

The strategic location of Ontario, coupled with its robust infrastructure and access to skilled labour, positions the province as a prime destination for critical mineral exploration and development.

Several companies are actively engaged in lithium exploration in Ontario, leveraging advanced technologies and geological expertise to identify and develop high-potential lithium deposits.

REGULATORY ENVIRONMENT

Ontario’s regulatory framework for mining and exploration provides a stable and supportive environment for companies to conduct lithium exploration activities, ensuring adherence to environmental standards and community engagement.

Ontario’s Mining Industry by the Numbers :

EXPLORATION PROJECTS IN ONTARIO

The strategic location of Ontario, coupled with its robust infrastructure and access to skilled labour, positions the province as a prime destination for critical mineral exploration and development.

Several companies are actively engaged in lithium exploration in Ontario, leveraging advanced technologies and geological expertise to identify and develop high-potential lithium deposits.

REGULATORY ENVIRONMENT

Ontario’s regulatory framework for mining and exploration provides a stable and supportive environment for companies to conduct lithium exploration activities, ensuring adherence to environmental standards and community engagement.

Ontario’s Mining Industry by the Numbers :

$13.5B

Value of mineral production in 2022

$989M

Spent in 2022 on approximately 300 mineral exploration projects

31,000

Direct mining jobs, plus another 47,000 indirect jobs have been created

376,000

Over 376,000 active mining claims in good standing (as of April 30, 2023)

Source: Invest Ontario

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