Lithium carbonate and lithium hydroxide are two important lithium compoundsused in a variety of industrial applications, especially lithium batteries.
Batteries have garnered worldwide interest in the past few years alongside the rise of electric vehicles. While there are different types of lithium carbonate and lithium hydroxide, battery-grade lithium compounds are used to make cathode material for lithium-ion batteries. Much of the demand for lithium compounds in batteries is driven by the adoption of electric vehicles and other energy storage applications. Lithium is very light weight and an excellent conductor of electricity making it very attractive for mobile energy storage applications.
Lithium never exists on its own in nature. It is primarily derived from two main sources, hard rock and brines. Vision Lithium’s Sirmac project is a hard rock source of lithium which is found in spodumene-bearing pegmatites, similar to those currently being mined in Australia and under development in Canada. About 50% of the world’s lithium compound production comes from hard rock sources with the balance coming from brine sources, those being primarily located in South America. Both sources can produce battery grade lithium compounds, but the extraction and purification process is very different. Vision Lithium will be using known methods of lithium exploration and extraction to make lithium compounds for the battery market.
NEMASKA LITHIUM RELATIONSHIP
Battery grade lithium commands a premium and in 2018 battery grade lithium carbonate sells for between US$12,000 and US$14,000 a tonne and lithium hydroxide for between US$16,000 and US$18,000 a tonne. At these prices many lithium projects are economically viable. Today Vision Lithium is focused on developing its Sirmac lithium project.
The Sirmac Property consists of 24 mining claims having a total area of approximately 1,100 hectares located approximately 180 kilometres North-West of Chibougamau, in the province of Québec. A main forestry road passes next to the property and vehicles can reach the main mineral occurrences on the property using secondary logging roads. In addition, a 700 kV power line runs along its Eastern boundary.
The Dôme Lemieux property consists of 225 map-designated claims totalling 12,056 ha or roughly 120 km2. The property is located in eastern Québec in the Gaspésie region, approximately 32 km SSE of the town of Sainte-Anne-des-Monts, Québec, as the crow flies. Access is very easy by way of the main road that cuts across the Gaspé peninsula and the National Park of the same name. Route 299 goes from Sainte-Anne-des-Monts to New-Richmond and crosses the east part of the property in a N-S direction. The property is located just to the south of the National Park boundaries. Numerous logging and prospecting roads and trails branches off Route 229 and provide access to the remaining parts of the property.
The information in this section has been excerpted from “43-101 Technical report pertaining to the Dôme Lemieux property” by Donald Théberge, Eng. MBA and dated December 6th, 2016.
The St. Stephen property is located immediately northwest of the town of St. Stephen, New Brunswick near the international border with Calais, Maine, USA (Figure 1). Good vehicle access is provided via Provincial Highway 3 and several other asphalt roads that transect the property. Several trails, bush roads and farm roads branch from these asphalt roads, providing excellent access to all parts of the property. The town is also connected to the rail network of the New Brunswick Southern Railway/Eastern Maine Railway which operates on a former Canadian Pacific Railway (CPR) mainline between Saint John, New Brunswick, and Brownville Junction, Maine. The rail transects the eastern portion of the property.
All information contained above is from http://visionlithium.com/