ALBERTA LI Brines ….Billy GOAT (CSE) 🐐Gruff ON It…. INVEST IN ALBERTA
Alberta is ready to capitalize on the growing demand for lithium. The province’s oil fields hold large deposits of lithium in subsurface brine, which has long been overlooked as industrial waste from oil field operations. Now, technologies known as direct lithium extraction (DLE) are being developed to access Alberta’s lithium-brine potential in many of the same reservoirs as Alberta’s existing oil and gas resources.
Alberta’s large lithium brine deposits are attractive to new mining and mineral processing projects, allowing the province to easily become a strong lithium carbonate producer. Most lithium is produced commercially from either the extraction of lithium-containing salts from underground brine reservoirs or the mining of lithium-containing rock, such as spodumene. Extracted lithium is a critical metal frequently used in batteries for electronics and electric vehicles, as well as in ceramics and glass. Further along the supply chain, there is potential for investment in lithium iron phosphate (LFP) cathodes and battery cell manufacturing to supply the growing EV market.
In addition, Alberta already possesses an abundance of existing geological data and infrastructure to access such reservoirs and has a highly trained workforce that can help realize its lithium production potential.
As set out in the province’s Recovery Plan, Alberta is committed to establishing a new mineral strategy to leverage its’s lithium deposits. In September 2020, the Province announced the establishment of the Mineral Advisory Council to provide strategic advice, guidance and recommendations on a Minerals Strategy and Action Plan for Alberta.