Overview
Lithium is important for producing lithium-ion batteries — and subsequently important to electrification. Furthermore, the battery metallic performs a key function in a number of applied sciences central to sustainability. Analyst expectations point out that by 2040, we may see lithium demand develop greater than 40 occasions what it’s right this moment, particularly pushed by new laws meant to extend the availability of crucial minerals, such because the Inflation Discount Act in america.
Present lithium manufacturing can not maintain tempo with this growing demand. Within the near-term, we’re very prone to see a rising lithium deficit, one which can elevate the useful resource’s value to untold ranges. Lithium may show to be a major roadblock on the trail to a extra sustainable future. On the one hand, that is excellent news for mining firms and the issue shouldn’t be insurmountable.
In america, roughly 87 p.c of lithium is sourced from Australia, Chile and China — regardless of an estimated 7.9 million tons of the battery metallic within the US. There’s at the moment just one large-scale lithium mine within the nation, and america wants extra home lithium initiatives to provide batteries and clear know-how at scale.
One other problem not usually mentioned with reference to lithium provide is sustainability.
It is all nicely and good to speak about how lithium will energy our transition to a cleaner future, however what of the processes by which it’s extracted and refined? Conventional lithium mining sometimes requires immense volumes of power and generates appreciable waste. Even lithium brine extraction, sometimes considered because the extra sustainable choice, has the potential to trigger environmental hurt.
The usual method for lithium brine extraction includes pumping the brine out of the bottom then ready for it to evaporate. Purification requires harsh chemical compounds and produces waste which can probably leach into and pollute groundwater. In different phrases, if we’re to actually notice the potential of lithium with out inflicting additional hurt to the surroundings, it must be each extracted and processed sustainably.
Enter Lancaster Assets (CSE:LCR, OTC:LANRF), a dynamic, small-scale exploration firm targeted on creating lithium belongings in North America, intends to be one of many area’s first climate-positive lithium producers. To attain this, the corporate plans to implement a lot of progressive applied sciences and practices, together with leveraging photo voltaic power in its manufacturing and creating a carbon sequestration course of for its operations.
Lancaster may even make full use of direct lithium extraction know-how, permitting it to recuperate nearly all of lithium from brine deposits with minimal environmental influence.
Lancaster Assets at the moment has an choice to amass a 100-percent curiosity within the Alkali Flat Lithium Challenge, which can grow to be its flagship. The closed-brine deposit is located in New Mexico, which many imagine is the following frontier for lithium. Notably, Alkali Flat additionally shows very comparable geology to Clayton Valley in Nevada, at the moment the location of the one producing lithium mine within the nation.
This promising preliminary challenge shouldn’t be the one motive to keep watch over Lancaster Assets — the corporate additionally employs a extremely skilled and extremely revered technical group. Exploration marketing consultant Rodney Blakestad is a geologist with over forty years of expertise in mineral exploration, having found a number of high-value deposits all through his profession. The esteemed Gary Lohman additionally sits on the corporate’s advisory board, offering in depth experience in geological, geochemical and geophysical exploration strategies.
Lancaster Assets at the moment plans to amass a 100-percent curiosity in Alkali Flat, a lithium brine challenge which can function the corporate’s flagship. Positioned within the Animas Valley close to the city of Lordsburg, the 233-claim property can also be transected by Interstate 10. Historic analysis and geochemical information signifies the presence of anomalous ranges of lithium.
Lancaster plans to guage potential direct lithium extraction companions as soon as it has taken and assessed brine samples from the location.
Highlights:
- Promising Geology: Hidalgo County, the area through which Alkali Flat is located, shows geology practically an identical to Clayton Valley in Nevada, itself a hotbed of lithium mining and exploration.
- Extremely Potential Useful resource: Latest information on the location reveals a variety in lithium focus of 69.6 to 147.8 components per million in 51 playa sediment samples. Moreover, Arizona Lithium, a serious Australian mining firm, has staked property instantly north of Alkali Flat. Exploration information launched by Arizona Lithium signifies a chargeability anomaly low within the decrease proper part of its declare.
- Present Exploration Plans: Lancaster intends to outline a closed basin brine with a commercially viable lithium deposit. Within the close to future, it can provoke a drilling program to gather samples of lithium brine all through the challenge space.
- Promising on the Outset: Alkali Flat was initially found by esteemed geologist Rodney Blakestad, who has a longtime historical past of figuring out extremely potential lithium targets.
- Favorable Laws: Along with being located in a mining-friendly jurisdiction, Alkali Flat will profit from the 2022 Inflation Discount Act. The tax incentives the act offers is about to significantly enhance demand for domestically-sourced lithium.
Administration Workforce
Rodney Blakestad., J.D., C.P.G. — Exploration Advisor
Rodney Blakestad is a extremely skilled consulting geologist with a profitable profession spanning over 40 years. All through his profession, Blakestad has been concerned within the discovery of quite a few commercial-grade deposits, together with the bulk-tonnage potential of the biggest working gold mine in Alaska (Fort Knox, now at 10M ounces), the primary leached-cap porphyry methods found in Alaska (Taurus-Bluff and others), Cerro Caliche bulk-tonnage gold discovery close to Cucurpe, Sonora, Mexico, the Anderson Mountain and Purple Mountain VMS deposits within the Alaska vary, USA and quite a few volcanogenic large sulfide deposits (VMS) within the Delta District, Alaska, USA. He has additionally found a number of gold placers in Alaska, USA.
Blakestad’s experience in minerals exploration was developed via his college schooling on the College of Alaska, the place he studied superior geochemistry, with particular topical research on gold geochemistry, the origin and transport of huge gold particles and leached outcrop interpretation. Moreover, he has traveled all through western Canada, the US and Mexico finding out alteration facies and leached cap rocks of porphyry methods and a few gold deposits to differentiate between barren deposits and mineralized methods.
Along with his geological experience, Blakestad has a Juris Physician from the College of Denver Regulation College, the place he studied pure assets and environmental regulation. This background has led him to concentrate on brine lithium deposits that may be processed with minimal floor degradation, water consumption, and use alternate options to fossil fuels for your complete restoration course of. Blakestad is a Licensed Skilled Geologist with the American Institute of Skilled Geologists and a registered Skilled Geologist within the State of Alaska. He has additionally been a Board of Director and/or Vice President of Exploration for a number of publicly traded firms.
Daniel Card, P. GEO, RPGEO — Technical Committee
Danial Card, P.Geo, RPGeo, an expert Geophysicist, holds a BSc. Hons diploma from the College of Manitoba and is at the moment registered in Canada and Australia. His profession began with Xstrata (now Glencore) the place he labored his approach as much as Challenge Geophysicist at Raglan Mine in northern Quebec then went on to serve at Xstrata’s Western Australian operations Cosmos and Sinclair within the Leinstern-Wiluna nickel camp, the place he performed a key function within the discovery and definition of the 9 MT Odysseus Nickel Sulphide Deposit.
Following his tenure at Xstrata, Card went on to work as Senior Geophysicist for Southern Geoscience Consultants in Perth, WA, the place he served because the employees electromagnetics specialist. He additionally served because the technical lead on many mineral exploration initiatives. Card continued as a senior technical marketing consultant to Abitibi Geophysics and an knowledgeable peer reviewer for the journal “Exploration Geophysics”. He then based EarthEx, an organization specialised in geophysical prospecting, information interpretation, 3D modeling and goal definition,
Gary Lohman B.Sc., P. Geo, — Certified Individuals and Advisor
Gary Lohman is without doubt one of the founding members of and at the moment serves because the chief working officer for each Royal Stewart Assets Corp and Thistle Assets Corp. He additionally holds the place of vice-president at 9 Mile Metals. With 4 many years of administration expertise, Lohman brings a wealth of information in valuable and base metallic exploration each inside and outdoors the mining trade.
A graduate of the esteemed Geology Programme on the College of Toronto in 1981, Lohman’s proficiency spans varied geological, geochemical and geophysical exploration strategies. He has utilized these abilities in quite a few geological contexts, together with Volcanogenic Huge Sulphides (VMS), Porphyry Copper / Molybdenum and Iron Oxide Copper Gold (IOCG) model deposits. His expansive expertise extends to conducting evaluations and analysis on bonanza grade and bulk tonnage gold-silver properties positioned in Canada, Mexico, California, Ecuador and Chile.
Penny White BA, LLB — President and CEO
Penny White is an achieved enterprise chief with over 20 years of expertise within the capital markets. Because the President and CEO of Lancaster Lithium Inc., she brings a wealth of experience and management to the corporate. White has a various background, with expertise in sectors akin to mining, prescription drugs and clear power. She co-founded a pharmaceutical firm that was later acquired for $342 million and was the Chairman of Highbury Power for 10 years, overseeing the event of the corporate’s gasification know-how and registration of a patent to create high-grade artificial gasoline from biomass.
White has been acknowledged in PROFIT Journal’s W100 listing of high entrepreneurs and has raised over $50 million for firms she has based. Along with her Regulation Diploma, Penny has accomplished the Oxford Main Sustainable Firms Programme and the Oxford Local weather Emergency Programme from Saïd Enterprise College, College of Oxford. She is deeply dedicated to preventing local weather change and dealing in the direction of a extra sustainable future.
White believes that by caring for our planet, we are able to create a greater world for ourselves and future generations.
Patrick Cruickshank, MBA, CFA — Advisor
Patrick Cruickshank brings over 20 years of expertise from the Wealth Administration Sector working for Merrill Lynch, Legg Mason and Citigroup Capital Markets, the place he targeted on creating and defending wealth whereas specializing in funding progress firms. Cruickshank was an NFLPA Advisor from 2000 to 2012, till transitioning into the Non-public Fairness Sector. Since 2012, he has targeting buying, funding and rising firms within the Power and Useful resource Sector.
Cruickshank is the present Chief Government Officer and Director of 9 Mile Metals Restricted. (CSE:NINE). He additionally serves on a lot of non-public useful resource firms and is a frequent speaker/interviewee on the useful resource sector funding house, in Australia, Chile, Canada and the USA.
Cruickshank is a former Canadian Olympic/U23 soccer participant, US NCAA Division 1 Collegiate participant and coach. He obtained his MBA from the Schulich College of Enterprise at York College in 1989
Heather Williamson — Director, VP Company Finance and Company Secretary
Heather Williamson is a seasoned finance and authorized skilled with over 20 years of expertise within the trade. She has labored as a paralegal and in company finance for a number of public firms, together with Boston Pizza Worldwide Inc. and Angiotech Prescribed drugs Inc. Williamson’s experience in finance and the authorized trade is demonstrated by her profitable completion of over $10 million in financing for a public firm, together with spearheading all elements of an preliminary public providing and profitable itemizing on the Canadian Securities Alternate (CSE).
She is well-versed in finance closings, IPOs and compliance with securities and inventory alternate laws. Along with her in depth expertise, Williamson is at the moment working in the direction of her MBA at Royal Roads College. She at the moment serves because the Director and Vice President of Company Finance for Lancaster Lithium Inc., the place she leads the corporate’s company and securities compliance technique.
Andrew Watson – Vice-president of Engineering and Operations
Andrew Watson brings with him 21 years of wealthy technical management, operations, company technique, and commercialization expertise in lithium, hydrogen, and traditional oil and gasoline manufacturing. Watson’s expertise consists of working at Prism Diversified, as chief working officer, to steer the technical improvement on two substantial battery metallic crucial mineral alternatives. Whereas at Prism Diversified, Watson is spearheading the lithium brine improvement alternatives on over 850 sq. miles of extremely potential brine useful resource. His earlier positions embody VP engineering and operations at CleanInnoGen Power, the place he led the event of the world’s first-of-a-kind pilot challenge to seize industrial waste warmth to provide on-site, low-cost, near-zero emission hydrogen and oxygen. Previous to this, because the VP of engineering and operations at Hyak Power, he managed the operations of a 60MMbbl medium crude oil subject in SW Saskatchewan, utilizing an Alkali-Surfactant-Polymer chemical enhanced oil restoration scheme, elevated manufacturing by over 250 p.c, and spearheaded company sale resulting in a profitable divestment in January 2020.
William “Invoice” Feyerabend – Advisor and Certified Particular person
William Feyerabend brings with him an unlimited wealth of expertise within the exploration and improvement of Lithium initiatives throughout the American West, Mexico, and South America. He has authored technical studies for declare blocks in Nevada’s Lithium improvement epi-center, together with the Clayton and Fish Lake Valleys. His experience in lithium exploration started in 2015, with a particular concentrate on Esmeralda County, NV and particularly Clayton Valley. Notably, Feyerabend set the invention nicely for Pure Power.
Feyerabend has in depth expertise in producing lithium brine targets, and serving as a Certified Particular person for lithium initiatives in Nevada, California, Utah, and Argentina. He has had roles with main firms akin to US Borax and Gold Fields Mining and performed a component within the discovery and improvement of 4 important mineral initiatives. His worldwide publicity is equally in depth, having labored on initiatives in Argentina, Bolivia, Chile, China, Colombia, Ghana, Guyana, Mexico, Peru, Saudi Arabia, United States, and Venezuela. This wealth of worldwide expertise will show invaluable as Lancaster Assets continues to develop and improve its operations.
Mohammad Asefi – Technical Committee
Mohammad Asefi obtained his B.Sc. and M.Sc. levels in antennas and microwave engineering from the American College of Sharjah, United Arab Emirates, in 2009 and 2011 respectively, and his PhD in electrical and pc engineering in 2016 from the College of Manitoba, Winnipeg, MB, Canada. From 2016 to 2017 he was a postdoctoral fellow on the electromagnetic imaging laboratory on the College of Manitoba. He was the director of analysis at 151 Analysis Inc. between 2017 and 2020 with the concentrate on biomedical imaging, saved grain monitoring utilizing electromagnetic waves, and improvement of electromagnetic imaging methods, and near-field measurements. He was the product improvement supervisor (Superior Analysis) at Agco Winnipeg between 2020 and 2023 with the concentrate on the analysis and improvement of electromagnetic imaging methods/strategies for monitoring grain bins. And he’s at the moment the CTO of EarthEx Geophysical Options the place he works on innovative applied sciences for drone primarily based magnetic and electromagnetic information acquisition and evaluation methods.
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