Snow Lake Lithium

Carbon-conscious mining company Snow Lake Lithium and battery production specialist LG Energy Solution announced they have signed a Memorandum of Understanding (MOU) to establish a domestic supply chain of lithium in North America. When Snow Lake’s lithium mining operation gets up and running in 2025, it plans to supply LG with the precious Earth material essential to current EV battery chemistry. This domestic supply chain could help several automakers qualify for US federal tax credits as well.

Although it has only explored 1% of its 55,000 acre site in Canada, carbon-conscious mining company Snow Lake Lithium believes it can enable a massive domestic supply of the chemical element to EV automakers when it begins commercial mining. The company expects its all-electric mine to source enough lithium to power up to 500,000 EVs in North America each year, which could prove vital in the US as the automotive industry shifts its supply chains domestically in order to qualify for revised federal tax credits.

Snow Lake Resources Ltd. has outlined plans to develop over 55,000 acres in Manitoba, Canada into the world’s first all-electric lithium mine. By utilizing Manitoba’s hydroelectricity, the entire mining operation can run on 98% renewable energy, helping the company sustainably source lithium – a vital resource to EV batteries – domestically in North America. As Snow Lake Lithium works through the environmental red tape to begin mining, it is seeking an OEM to enter in a joint venture to help process the lithium into EV batteries for North America.