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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.
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.
Estimation of year-over-year growth rate of 2023
CAGR with accelerating momentum
of the growth will originate from North America
The market is fragmented with several players occupying the market share
Source 1: Statista Source 2: Yahoo Finance
Quebec, Canada
Capable of producing 60 GWh
of EV batteries per year
Holland, Michigan
Capable of producing 25 GWh of EV batteries per year
Kokoma, Indiana
Capable of producing 67 GWh of EV batteries per year
Glendale, Kentucky
Capable of producing 86 GWh of EV batteries per year
Glendale, Kentucky
Capable of producing 86 GWh of EV batteries per year
Stanton, Tennessee
Capable of producing 43 GWh of EV batteries per year
Reno, Nevada
Capable of producing 100 GWh of ultra-thin EV batteries per year
Sparks, Nevada
Capable of producing 100 GWh of EV batteries per year
Volkswagen has pledged over $16 billion in building a 370-acre battery production site in Ontario: capable of producing 1 million batteries per year at an output of 90 GWh.1 Honda to build $1.6B battery plant in Port Colborne, Ontario.
Invested and promised to invest in building domestic cell and module manufacturing by automakers and battery manufacturers by 2030.
By 2030, North American battery manufacturing capacity will support the manufacturing of between 10 million and 13 million all-electric vehicles per year.
Volkswagen has pledged over $16 billion in building a 370-acre battery production site in Ontario: capable of producing 1 million batteries per year at an output of 90 GWh.1 Honda to build $1.6B battery plant in Port Colborne, Ontario.
Invested and promised to invest in building domestic cell and module manufacturing by automakers and battery manufacturers by 2030.
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
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.
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.
Source 1: Investors.com Source 2: CNBC Source 3: Yahoo Fortune Business Insights
Many companies are actively engaged in critical exploration in Ontario, leveraging advanced technologies and geological expertise to identify and develop high-potential deposits.
Ontario’s regulatory framework for exploration / mining provides a stable and supportive environment for companies to conduct lithium exploration activities, ensuring adherence to environmental standards and community engagement.
Many companies are actively engaged in critical exploration in Ontario, leveraging advanced technologies and geological expertise to identify and develop high-potential deposits
Ontario’s regulatory framework for exploration / mining provides a stable and supportive environment for companies to conduct lithium exploration activities, ensuring adherence to environmental standards and community engagement.
Value of mineral production in 2022
Spent in 2022 on approximately 300 mineral exploration projects
Direct mining jobs, plus another 47,000 indirect jobs have been created
Active mining claims in good standing (as of April 30, 2023)
Source: Invest Ontario
CSE : PGR
