The World is Going to Need More Lithium Mines

And that’s a fact. While the relentless interest and increasing demand for Lithium continues to grow, we believe that the worldwide commercial interests won’t be waiting for new sources and processing methods – the reality is that the Argentine region of the “Lithium Triangle” hosts the most experienced personnel and infrastructure ever assembled to service the advanced needs of major producers surrounding our area of interest. Instead of thinking in terms of decades to production, we know that Lithium brine extraction is a commercially proven success story in daily production throughout the region. We aim to rapidly complete exploration, valuation and advancement to development, in order help satisfy the growing global demands of the ongoing battery revolution.

Supply & Demand

Total EV penetration rose by 108% from 2020 to 2021

Recent Worldwide demand for lithium was over 350,000 tonnes LCE

Demand estimates for 2025 based on 14% EV penetration are approximately 1,000,000 tonnes LCE

The 650,000 tonnes LCE shortfall is equivalent to 26 new mines (25,000 tonne/yr average)

EV penetration in Norway reached 87% in 2021

EV penetration is forecast to reach
14% by 2025

  • Forecast 14% EV penetration by 2025, OEms are building for 15% to 25%!
  • The US and Tesla are NOT the sole story!

Source: Company Reports, EV-volumes.com, Evobsession.com, Canaccord Genuity estimates

A 14% EV penetration will result in approx.
1,000,000 tonnes of LCE demand

Source: Canaccord Genuity estimates

Electric Mobility: Races Ahead

Countries with the highest share of plug-in electric vehicles in new passenger car sales 2018*

Norway 49.14%
Iceland 19.14%
Sweden 8.01%
Netherlands 6.69%
Finland 4.74%
China 4.44%
Portugal 3.44%
Switzerland 3.18%
Austria 2.54%
United Kingdom 2.53%
Belgium 2.43%
Canada 2.22%
Denmark 2.14%
France 2.10%
United States 2.09%
Sweden 2.05%
Germany 1.97%
Ireland 1.57%
Top 3 markets by totals
EV sales in 2018
United States361000

* Including plug-in hybrids and light vehicles, excluding commercial vehicles Sources: ACEA, CAAM, InsideEVs, KAIDA