Could Case Lake benefit?As much as I hate to say this about other stocks but my take is apart from a lithium price in the tank investors seem to be souring on those giant Quebec plays as production will be years away. My guess is we won't see actual production before 2030 maybe longer. Having said this PWM seems to have defaulted to a position where it could be the only game in town with production slated for 2026. With three payable minerals and already in production it would take immediate advantage of increased lithium pricing.
Mineral Resources (MinRes) has announced plans to transition its Bald Hill lithium mine in Western Australia into care and maintenance following a strategic review on the heels of cutting 570 jobs and slowing underground construction at its Mount Marion lithium project. We are seeing Industry wide cuts in lithium production which should help the lithium prices to rally over the next year.
The great news for Case Lake is it will not be solely dependent on Lithium (Cesium & Tantalum) and should be one of the lowest cost producers in North America. Will the tidy near surface projects in a tier one jurisdiction with a favorable footprint for permitting be the real winner over the next 2 years? My guess is yes, and Case Lake should deliver all that and more.