Snow Lake lithium mineSnow Lake lithium mine is a proposed lithium mine expected to be located on a 55,000-acre site 400 miles north of Winnipeg, Canada. The mine is proposed to be operated using 100% electric power,[1] via hydropower and electric equipment.[2] The mine intends to process the lithium ore into 6% spodumene. It signed a memorandum of understanding to supply Korean battery maker LG, at a nearby hydroxide processing plant.[1] The company hopes to supply around 160,000 tons of spodumene per year. The mine is planned to open in 2025 or 2026.[1] It will be a hard rock mine rather than processing lithium brine.[1] Electric mining equipment is to be supplied by Swedish company Epiroc.[1] The mine's 160,000-ton output is hoped to be sufficient to make batteries for around 500,000 electric cars annually.[1] The site is near the Arctic Gateway railway which offers transport to US manufacturing centers.[2] CompanySnow Lake Resources Ltd. ($LITM) is a public company formed in 2018. The land was acquired in 2016 by Australian exploration company Nova Minerals Ltd., Snow Lake Lithium's majority shareholder.[2] References
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