OPPORTUNITY

“Lithium Is the New Gasoline”

“Lithium has everything it takes to power the 21st century, from cars to homes and more. And in the US alone, gasoline sales reached $280 billion in 2020. This tells you how much potential there is for lithium… whose global sales that year were just $5.3 billion.” – Bob Koort, Head of Industrials and Materials at Goldman Sachs Research

THE LITHIUM REVOLUTION IS HERE

“Obviously Tesla is helping solve the consumption of energy in a sustainable manner, but you need the production of energy in a sustainable manner.”

– Elon Musk

DISRUPTIVE TECHNOLOGY

The Company has acquired the rights to commercialize a novel, ESG-compliant processing technology designed to greatly simplify and accelerate lithium recovery from purified spodumene (spodumene concentrate), thereby lowering overall lithium production costs. Initially, benchtop and pilot plant-scale laboratory testing and process design will aim to demonstrate profit parity with lithium production from brines, with the ultimate goal to commercially outperform competing brine operations.

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GLOBAL IMPACT

Fully proven out, the Medaro HLT will offer a game-changing impact upon a sector of the worldwide lithium industry that relies upon, and seeks to expand, spodumene pegmatite mining. Medaro aims to develop and advance the technology and plans to use lithium prospects in both Northern Quebec and Ontario, Canada as potential trial projects.

THE FUTURE OF LITHIUM

THE EV TRANSITION

The International Energy Agency says that to achieve global emissions goals, EVs need to make up 60% of the global market share.

Multiple countries across the world have been releasing their plans for phasing out internal combustion engines.

  • Norway aims for 2025.
  • Germany announced that it would ban ICE vehicles by 2030.
  • India, with a population of 1.4 billion people, by 2040.
  • The United Kingdom will be done with ICE cars by the same year.
  • China will start selling only “new energy” cars in 2035.


In the United States, 12 states have announced a program to ban internal combustion cars by 2035. The list includes California, New York, Massachusetts, North Carolina, Connecticut, Maine, New Jersey, New Mexico, Oregon, Washington State and Rhode Island, and Hawaii.

Innovation is driving a constantly evolving image of the future. Some concepts that were once only dreams are becoming increasingly real.

Some industry experts believe when Apple begins production of its EVs, it is definitely going to be a game-changer for the EV sector.

Apple Eve Sports Car Concept

RESIDENTIAL TRANSITION

Lithium battery storage won’t stop with EVs. Residential construction will eventually shift to built-in storage options like Tesla’s Powerwall.

Future markets are much larger than electric vehicles and are poised to require a much larger amount of lithium than the EV sector.

The solar panel energy storage market could eventually equal the EV sector needs.

Solar panel producers demand green lithium to suit their environmentally friendly requirements.

Leading the way in this sector are Tesla’s “solar roofs.” Similar in appearance to a a residential roof, except the entire surface is an electrical generator.

INDUSTRIAL TRANSITION

Solutions like Tesla’s Megapack – a utility-scale power installation designed to store energy produced by clean sources. In 2017, Tesla installed the world’s largest lithium-ion battery in Australia. This installation has over 200 times higher capacity than that required to power a house, (which is about four times more capacity than powering a Tesla Model 3). As a result, every Megapack is equivalent to almost eight hundred cars on the road. The State of California intends to build an estimated ten installations the comparable to the Tesla installation in Australia. The state has approved over 1.5 gigawatts’ worth of projects. Plans are in place to increase from a current 500 megawatts to 30 gigawatts—a 60x increase.

SUSTAINABLE GROWTH

Lithium is clearly positioned to eventually dominate the transportation sector, and to transform residential and industrial energy grids. To be sustainable, growth needs to meet the growing need for ESG compliance (Environmental, social, and corporate governance).

“We really want to force the industries that we’re buying materials from to make sure that they’re doing it in a responsible way. As an industry, we are going to be buying so much of these materials that we do have significant power to leverage that situation very strongly. And we intend to do that.” – Sue Slaughter, Ford’s Purchasing Director for Supply Chain Sustainability

The Biden administration is promoting a multi-trillion infrastructure plan with hundreds of billions of dollars in spending directed toward green targets. However, China controls almost two-thirds of the world’s lithium processing and refining capacity.
Between 2016 when Goldman Sachs made the landmark prediction that lithium will become the new gasoline to 2030, global demand is predicted to increase by more than a factor of eight times – a game changing future is rapidly transforming the world and creating incredible opportunities for innovation throughout and across the global supply chain.

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