Summary.
Lithium is necessary for producing lithium-ion batteries– and for that reason important to electrification. Additionally, the battery metal plays an essential function in numerous innovations main to sustainability. Expert expectations show that by 2040, we might see lithium need grow more than 40 times what it is today, specifically driven by brand-new legislation planned to increase the supply of important minerals, such as the Inflation Decrease Act in the United States.
Present lithium production can not equal this increasing need. In the near-term, we’re highly likely to see a growing lithium deficit, one which might raise the resource’s rate to unknown levels. Lithium might show to be a considerable obstruction on the course to a more sustainable future. On the one hand, this is excellent news for mining business and the issue is not overwhelming.
In the United States, approximately 87 percent of lithium is sourced from Australia, Chile and China– in spite of an approximated 7.9 million lots of the battery metal in the United States. There is presently just one massive lithium mine in the nation, and the United States requires more domestic lithium tasks to produce batteries and tidy innovation at scale.
Another difficulty rarely talked about with concerns to lithium supply is sustainability.
It’s all well and excellent to discuss how lithium will power our shift to a cleaner future, however what of the procedures by which it is drawn out and fine-tuned? Standard lithium mining usually needs enormous volumes of energy and produces significant waste. Even lithium salt water extraction, usually deemed the more sustainable choice, has the possible to trigger ecological damage.
The basic method for lithium salt water extraction includes pumping the salt water out of the ground then awaiting it to vaporize. Filtration needs extreme chemicals and produces waste which might possibly seep into and contaminate groundwater. To put it simply, if we are to really recognize the capacity of lithium without triggering more damage to the environment, it requires to be both drawn out and processed sustainably.
Get In Lancaster Resources (CSE: LCR, OTCQB: LANRF, FSE:6 UF0), a vibrant, small expedition business concentrated on establishing lithium properties in The United States and Canada, plans to be among the area’s very first climate-positive lithium manufacturers. To attain this, the business prepares to carry out a variety of ingenious innovations and practices, consisting of leveraging solar power in its production and establishing a carbon sequestration procedure for its operations.
Lancaster will likewise make complete usage of direct lithium extraction innovation, enabling it to recuperate most of lithium from salt water deposits with very little ecological effect.
Lancaster Resources presently has a choice to get a 100-percent interest in the Alkali Flat Lithium Job, which will become its flagship. The closed-brine deposit is located in New Mexico, which lots of think is the next frontier for lithium Significantly, Alkali Flat likewise shows really comparable geology to Clayton Valley in Nevada, presently the website of the only producing lithium mine in the nation.
This appealing preliminary task is not the only factor to watch on Lancaster Resources– the business likewise utilizes an extremely knowledgeable and extremely appreciated technical group. Expedition expert Rodney Blakestad is a geologist with over forty years of experience in mineral expedition, having actually found numerous high-value deposits throughout his profession. The renowned Gary Lohman likewise rests on the business’s board of advisers, supplying comprehensive knowledge in geological, geochemical and geophysical expedition strategies.
Lancaster Resources presently prepares to get a 100-percent interest in Alkali Flat, a lithium salt water task which will function as the business’s flagship. Found in the Animas Valley near the town of Lordsburg, the 233-claim residential or commercial property is likewise transected by Interstate 10. Historical research study and geochemical information shows the existence of anomalous levels of lithium.
Lancaster strategies to examine possible direct lithium extraction partners once it has actually taken and examined salt water samples from the website.
Emphasizes:
- Promising Geology: Hidalgo County, the area in which Alkali Flat is located, shows geology almost similar to Clayton Valley in Nevada, itself a hotbed of lithium mining and expedition.
- Extremely Potential Resource: Current information on the website reveals a variety in lithium concentration of 69.6 to 147.8 parts per million in 51 playa sediment samples. In Addition, Arizona Lithium, a significant Australian mining business, has actually staked residential or commercial property right away north of Alkali Flat. Expedition information launched by Arizona Lithium shows a chargeability anomaly low in the lower ideal area of its claim.
- Present Expedition Strategies: Lancaster plans to specify a closed basin salt water with a commercially practical lithium deposit. In the future, it will start a drilling program to gather samples of lithium salt water throughout the task location.
- Promising at the Beginning: Alkali Flat was at first found by renowned geologist Rodney Blakestad, who has a recognized history of determining extremely potential lithium targets.
- Beneficial Legislation: In addition to being located in a mining-friendly jurisdiction, Alkali Flat will gain from the 2022 Inflation Decrease Act. The tax rewards the act offers is set to substantially increase need for domestically-sourced lithium.
Management Group.
Rodney Blakestad., J.D., C.P.G.– Expedition Expert
Rodney Blakestad is an extremely knowledgeable consulting geologist with an effective profession covering over 40 years. Throughout his profession, Blakestad has actually been associated with the discovery of many commercial-grade deposits, consisting of the bulk-tonnage capacity of the biggest operating cash cow in Alaska (Fort Knox, now at 10M ounces), the very first leached-cap porphyry systems found in Alaska (Taurus-Bluff and others), Cerro Caliche bulk-tonnage gold discovery near Cucurpe, Sonora, Mexico, the Anderson Mountain and Red Mountain VMS deposits in the Alaska variety, U.S.A. and many volcanogenic huge sulfide deposits (VMS) in the Delta District, Alaska, U.S.A.. He has actually likewise found numerous gold seconds in Alaska, U.S.A..
Blakestad’s knowledge in minerals expedition was established through his university education at the University of Alaska, where he studied innovative geochemistry, with unique topical research studies on gold geochemistry, the origin and transportation of big gold particles and seeped outcrop analysis. In addition, he has actually taken a trip throughout western Canada, the United States and Mexico studying modification facies and seeped cap rocks of porphyry systems and some gold deposits to compare barren deposits and mineralized systems.
In addition to his geological knowledge, Blakestad has a Juris Medical Professional from the University of Denver Law School, where he studied natural deposits and ecological law. This background has actually led him to concentrate on salt water lithium deposits that can be processed with very little surface area destruction, water usage, and utilize options to nonrenewable fuel sources for the whole healing procedure. Blakestad is a Qualified Expert Geologist with the American Institute of Specialist Geologists and a signed up Expert Geologist in the State of Alaska. He has actually likewise been a Board of Director and/or Vice President of Expedition for numerous openly traded business.
Daniel Card, P. GEO, RPGEO– Technical Committee
Danial Card, P.Geo, RPGeo, an expert Geophysicist, holds a BSc. Hons degree from the University of Manitoba and is presently signed up in Canada and Australia. His profession began with Xstrata (now Glencore) where he worked his method as much as Job Geophysicist at Raglan Mine in northern Quebec then went on to serve at Xstrata’s Western Australian operations Universe and Sinclair in the Leinstern-Wiluna nickel camp, where he played an essential function in the discovery and meaning of the 9 MT Odysseus Nickel Sulphide Deposit.
Following his period at Xstrata, Card went on to work as Senior Geophysicist for Southern Geoscience Professionals in Perth, WA, where he functioned as the personnel electromagnetics expert. He likewise functioned as the technical lead on lots of mineral expedition tasks. Card continued as a senior technical expert to Abitibi Geophysics and a specialist peer customer for the journal “Expedition Geophysics”. He then established EarthEx, a business focused on geophysical prospecting, information analysis, 3D modeling and target meaning,
Gary Lohman B.Sc., P. Geo,– Certified Individuals and Consultant
Gary Lohman is among the charter member of and presently acts as the chief running officer for both Royal Stewart Resources Corp and Thistle Resources Corp. He likewise holds the position of vice-president at 9 Mile Metals. With 4 years of management experience, Lohman brings a wealth of understanding in valuable and base metal expedition both inside and outside the mining market.
A graduate of the respected Geology Program at the University of Toronto in 1981, Lohman’s efficiency covers different geological, geochemical and geophysical expedition strategies. He has actually used these abilities in many geological contexts, consisting of Volcanogenic Enormous Sulphides (VMS), Porphyry Copper/ Molybdenum and Iron Oxide Copper Gold (IOCG) design deposits. His extensive experience encompasses carrying out examinations and research study on gold mine grade and bulk tonnage gold-silver homes situated in Canada, Mexico, California, Ecuador and Chile.
Cent White Bachelor’s Degree, LLB– President and CEO
Cent White is an accomplished magnate with over twenty years of experience in the capital markets. As the President and CEO of Lancaster Lithium Inc., she brings a wealth of knowledge and management to the business. White has a varied background, with experience in sectors such as mining, pharmaceuticals and tidy energy. She co-founded a pharmaceutical business that was later on obtained for $342 million and was the Chairman of Highbury Energy for ten years, supervising the advancement of the business’s gasification innovation and registration of a patent to produce top-quality artificial gas from biomass.
White has actually been acknowledged in earnings Publication’s W100 list of leading business owners and has actually raised over $50 million for business she has actually established. In addition to her Law Degree, Cent has actually finished the Oxford Leading Sustainable Corporations Program and the Oxford Environment Emergency Situation Program from Saïd Organization School, University of Oxford. She is deeply dedicated to combating environment modification and working towards a more sustainable future.
White thinks that by looking after our world, we can produce a much better world for ourselves and future generations.
Patrick Cruickshank, MBA, CFA– Consultant
Patrick Cruickshank brings over twenty years of experience from the Wealth Management Sector working for Merrill Lynch, Legg Mason and Citigroup Capital Markets, where he concentrated on developing and safeguarding wealth while concentrating on moneying development business. Cruickshank was an NFLPA Consultant from 2000 to 2012, till transitioning into the Personal Equity Sector. Because 2012, he has actually focused on getting, financing and growing business in the Energy and Resource Sector.
Cruickshank is the present President and Director of 9 Mile Metals Limited. (CSE: 9). He likewise serves on a variety of personal resource business and is a regular speaker/interviewee on the resource sector financial investment area, in Australia, Chile, Canada and the U.S.A..
Cruickshank is a previous Canadian Olympic/U23 soccer gamer, United States NCAA Department 1 Collegiate gamer and coach. He got his MBA from the Schulich School of Organization at York University in 1989
Heather Williamson– Director, VP Corporate Financing and Corporate Secretary
Heather Williamson is a skilled financing and attorney with over twenty years of experience in the market. She has actually worked as a paralegal and in business financing for numerous public business, consisting of Boston Pizza International Inc. and Angiotech Pharmaceuticals Inc. Williamson’s knowledge in financing and the legal market is shown by her effective conclusion of over $10 million in funding for a public business, consisting of leading all elements of a going public and effective listing on the Canadian Securities Exchange (CSE).
She is fluent in financing closings, IPOs and compliance with securities and stock market guidelines. In addition to her comprehensive experience, Williamson is presently working towards her MBA at Royal Roadways University. She presently acts as the Director and Vice President of Corporate Financing for Lancaster Lithium Inc., where she leads the business’s business and securities compliance technique.
Andrew Watson – Vice-president of Engineering and Operations
Andrew Watson brings with him 21 years of abundant technical management, operations, business technique, and commercialization experience in lithium, hydrogen, and standard oil and gas production. Watson’s experience consists of operating at Prism Diversified, as primary running officer, to lead the technical advancement on 2 considerable battery metal important mineral chances. While at Prism Diversified, Watson is leading the lithium salt water advancement chances on over 850 square miles of extremely potential salt water resource. His previous positions consist of VP engineering and operations at CleanInnoGen Energy, where he led the advancement of the world’s first-of-a-kind pilot task to catch hazardous waste heat to produce on-site, affordable, near-zero emission hydrogen and oxygen. Prior to this, as the VP of engineering and operations at Hyak Energy, he handled the operations of a 60MMbbl medium petroleum field in SW Saskatchewan, utilizing an Alkali-Surfactant-Polymer chemical improved oil healing plan, increased production by over 250 percent, and led business sale causing an effective divestment in January 2020.
William “Expense” Feyerabend – Consultant and Qualified Individual
William Feyerabend brings with him a huge wealth of experience in the expedition and advancement of Lithium tasks throughout the American West, Mexico, and South America. He has actually authored technical reports for claim obstructs in Nevada’s Lithium advancement epi-center, consisting of the Clayton and Fish Lake Valleys. His knowledge in lithium expedition started in 2015, with a particular concentrate on Esmeralda County, NV and specifically Clayton Valley. Significantly, Feyerabend set the discovery well for Pure Energy.
Feyerabend has comprehensive experience in producing lithium salt water targets, and working as a Certified Individual for lithium tasks in Nevada, California, Utah, and Argentina. He has actually had functions with significant business such as United States Borax and Gold Fields Mining and played a part in the discovery and advancement of 4 considerable mineral tasks. His global direct exposure is similarly comprehensive, having actually dealt with tasks in Argentina, Bolivia, Chile, China, Colombia, Ghana, Guyana, Mexico, Peru, Saudi Arabia, United States, and Venezuela. This wealth of global experience will show important as Lancaster Resources continues to broaden and improve its operations.
Mohammad Asefi – Technical Committee
Mohammad Asefi got his B.Sc. and M.Sc. degrees in antennas and microwave engineering from the American University of Sharjah, United Arab Emirates, in 2009 and 2011 respectively, and his PhD in electrical and computer system engineering in 2016 from the University of Manitoba, Winnipeg, MB, Canada. From 2016 to 2017 he was a postdoctoral fellow at the electro-magnetic imaging lab at the University of Manitoba. He was the director of research study at 151 Research study Inc. in between 2017 and 2020 with the concentrate on biomedical imaging, kept grain tracking utilizing electro-magnetic waves, and advancement of electro-magnetic imaging systems, and near-field measurements. He was the item advancement supervisor (Advanced Research study) at Agco Winnipeg in between 2020 and 2023 with the concentrate on the research study and advancement of electro-magnetic imaging systems/techniques for keeping an eye on grain bins. And he is presently the CTO of EarthEx Geophysical Solutions where he deals with cutting edge innovations for drone based magnetic and electro-magnetic information acquisition and analysis systems.