Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.

Snow Lake Resources Ltd LITM

Snow Lake Resources Ltd., doing business as Snow Lake Energy, is a Canadian clean energy development company with two hard rock lithium projects and one uranium project; the Snow Lake Lithium Project in the Snow Lake region of Northern Manitoba, the Shatford Lake Lithium Project adjacent to the Tanco lithium mine in Southern Manitoba, and the Engo Valley Uranium Project in Namibia. It is focused on advancing all of its projects through subsequent phases of exploration and development and into production in order to supply the minerals and resources needed for the clean energy transition. Its 100% owned Snow Lake Lithium property covers 24,515 hectares (60,577-acre) site that has been 1% explored and contains an identified-to-date 8.2 million metric tons measured, indicated and inferred resource at between 0.99% and 1.13% Li2O. Its 85% owned Engo Valley Uranium Project is located in the Skeleton Coast, in the Opuwo District of the Kunene Region, along the coast of northwest Namibia.


NDAQ:LITM - Post by User

Post by phantom666on Aug 27, 2022 3:24pm
315 Views
Post# 34924650

FYI

FYI

Avalon’s Separation Rapids Project is 70 kilometres north of Kenora. It’s a pegmatite deposit enriched in lithium minerals, namely petalite and lepidolite, coveted by manufacturers in the electric vehicle battery sector and manufacturers of high-strength glass and ceramic. The deposit has a 20-year mine life, according to a 2018 preliminary economic assessment.

The permitted quarry site is two kilometres north of the Sand Lake Road and seven kilometres south of the project site.

The site being cleared will house a demonstration-scale processing plant, known as a dense media separation (DMS) facility. 

SOW will handle all the aggregate production, road repairs, site prep, and the crushing and hauling of a 5,000-tonne bulk sample excavated at the site last year. After the sample is crushed, the material will be returned to the quarry and run through the DMS plant.

The purpose of the DMS plant is to produce large samples for Avalon to present to potential customers in the international glass and ceramic market. There’s also a by-product that includes rubidium-bearing feldspars, used in certain ceramic applications.

The DMS plant will be installed this fall and is expected to be operating by spring 2023.

Avalon is on the path to establish Ontario’s first lithium chemical processing plant in Thunder Bay. The refinery would make lithium hydroxide for the battery manufacturers involved in the electric vehicle (EV) sector.

It would be vital piece to the critical minerals supply chain that the provincial and federal governments want to establish - and fund - to bridge the gap between mining and the battery manufacturing plants in the automotive industry.
 

The company said it’s made a purchase offer to acquire an undisclosed brownfield property in Thunder Bay to host the plant, which could handle lithium concentrate from Separation Rapids and from other potential lithium miners in the region.

Refinery construction would start in 2023 to be ready for production in 2026. Avalon said it expects to close the land deal in September once debt financing has been arranged.

<< Previous
Bullboard Posts
Next >>