Infinite Lithium Corp. (TSXV:ILI) is a junior mining exploration company focused on seeking and acquiring lithium projects across the world. The company has four lithium projects that they are developing in mining-friendly jurisdictions in Canada and Mexico. Infinite Lithium is looking to provide ethically-sourced lithium to companies that are developing lithium-ion batteries.
The global lithium market is expected to grow at a compounded annual growth rate (CAGR) of 12.93 percent between 2018 and 2022. The growth in the lithium market is due to the forecasted growth of electric vehicle (EV) sales from $1.1 million in 2017 to $30 million in 2030. However, many analysts are concerned that the supply of battery materials cannot keep up with the demand. For example, according to Albemarle the demand for lithium-ion batteries from the EV industry is expected to grow at an annual rate of 20 to 30 percent through 2024.
Infinite Lithium’s management team has over 30 years of combined experience in the mining industry. Management and insiders also notably hold approximately 20 percent of the company shares.
- Operating in mining-friendly jurisdictions in Canada and Mexico.
- Historical resources on multiple properties.