Arctic Fox Lithium Corp C.AFX

Demand for lithium to be a global challenge by 2023

[MarketMakerss]

"The full additional supply we will need to meet lithium demand is currently 46% higher than we could supply"

With 350 million EVs expected to be sold globally by 2030, meeting the demand for lithium to power them is expected to be a global challenge. This has created a robust market dependent on advances in lithium extraction technology and new sources to come online. (Source: https://www.visualcapitalist.com/sp/tomorrows-lithium-demands/)

Having made a name for itself as a significant hub for active lithium projects, the James Bay region in Quebec has been marked by remarkable discoveries such as the largest lithium pegmatite mineral resource in the Americas, found by Patriot Battery Metals' (PMET.v PMETF, 1.68B Market Cap).

Similarly, Arctic Fox Lithium (AFX.c), an early-stage explorer located in close proximity to these discoveries, recently commenced work at its lithium projects in James Bay and has the potential to face a similar trajectory to PMET.

AFX has recently been conducting surface exploration on all three of its projects in Quebec's James Bay region which include the Delta Lake, Kana Lake and Pontax North Projects.

All projects have favourable regional geological settings, close proximity to LCT pegmatite occurrences and deposits, and the potential for LCT pegmatites with multiple preliminary targets already outlined.

Demonstrating their immense potential, AFX's Delta Lake and Pontax North Projects are both located in close proximity to Allkem (AKE, 8.5B Market Cap) as well as Critical Elements Lithium (CRE, 359.35M Market Cap) Rose Property where excellent lithium grades were returned, identifying several lithium-tantalum pegmatite trends including two kilometre long trends hosting multiple lithium, caesium and tantalum anomalies.

Most notable, however, is AFX's Kana Lake which is strategically located in close proximity to PMET's Corvette Project and CV5 Pegmatite.

With over 10 pegmatites including one substantial formation reaching over 500 meters and extending for over 2 kilometres, Kana Lake exhibits substantial potential and offers ample potential for new discoveries and growth.

AFX is on track to further delineate its resource with a drill program upcoming at Kana Lake this fall and could face a similar trajectory to the success that PMET experienced based on its proximity.

Latest News Release: https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3000-cse/afx/148940-ground-crews-commence-work-on-arctic-fox-lithium-corp-s-projects-in-the-james-bay-region-of-quebec.html

Posted on behalf of Arctic Fox Lithium Corp.