Location. Location. Location.
In building out a US-based supply chain for electric vehicles and battery manufacturers, accessibility and affordability are key. Our spodumene mineral resources are located within the world-class Carolina Tin-Spodumene Belt (“TSB”) which historically provided most of the western world’s lithium between the 1950s and 1980s.
The TSB has been described as one of the largest lithium provinces in the world. The largest in the United States, it is the second richest deposit globally. Strategically located approximately 25 miles west of Charlotte, North Carolina, we plan to use conventional processing techniques to convert these resources into high-quality, battery-grade lithium hydroxide. More than 70 percent of the proven resource is within 100 meters of the surface, allowing us to operate shallow pit mines.
Our current estimates indicate the mine can produce 160,000 metric tons per year of spodumene concentrate, which would yield 22,700 metric tons per year of lithium hydroxide over a 25- year project life.
Cost advantages of mining in the United States versus other countries with lithium resources will position us as one of the most competitive producers of lithium material globally.