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Cygnus Metals Limited (ASX:CY5)is pleased to announce highly promising results from a desktop study on its Auclair project in Canada’s lithium-rich James Bay region.
Highlights
- Initial desktop studies have already identified 67 pegmatites which have never been sampled for lithium and a further 14 pegmatite intervals across five historic drill holes which have never been assayed
- Identified pegmatites measure up to 1.6km in strike and 60m in width (Figure 1)
- Partial assays* received from sampling of historic drill hole AC-2010-004 returned:
- 9.8m @ 0.8% Li2O from 212.8m, including 5.1m @ 1.0% Li2O and 1m @ 1.2% Li2O
(*Assays are partial as the full pegmatite interval could not be recovered due to winter conditions)
- 9.8m @ 0.8% Li2O from 212.8m, including 5.1m @ 1.0% Li2O and 1m @ 1.2% Li2O
- Cygnus has an exceptional first mover opportunity to conduct the first ever lithium exploration at Auclair, with mineralisation in drill hole AC-2010-004 completely open and never followed up
- Exploration is about to commence with geophysics (including LiDAR), mapping and rock chip sampling in June. Diamond drilling is scheduled to commence in July to follow up the spodumene-bearing pegmatites in hole AC-2010-004
- Through strategic acquisition, Cygnus has already increased its ground position at Auclair to a belt scale 337km2
- The project boasts excellent infrastructure with year-round road access and high-voltage transmission lines running through the project as well as being located within 80km of the Nemiscau AirportThe project is located in the same greenstone belt and just 60km due east of Critical Elements Resource Corp’s Rose Deposit (34.2Mt @ 0.9% Li2O), and just 50km northeast of Whabouchi (55.7Mt @ 1.4% Li2O), which is owned and operated by Nemaska Lithium1
Cygnus Managing Director David Southam said: “These results highlight Auclair's immense potential. To have so many pegmatites and known spodumene in an area never explored for lithium is a remarkable start and puts Cygnus in a prime position to make a discovery in the region. Given what we already know about Auclair, we are wasting no time ramping up exploration, with drilling scheduled to start in July.”
The study identified 67 pegmatites which require immediate follow-up. Cygnus has also received assays which confirm previously reported visuals of spodumene mineralisation from sampling of historic gold exploration core at Auclair (refer ASX release dated 28 February 2023).
Figure 1: Unsampled pegmatites across the Auclair Project both in drilling and outcrop. – Background regional geology interpretation from SIGEOM.
Auclair is a recent addition to the Cygnus lithium project portfolio in James Bay and was acquired due to its immense potential to host significant spodumene-bearing lithium pegmatites. The Company has since grown the project to 337km2 through two separate acquisitions and now has a dominant land position across the highly prospective Eastmain greenstone belt (EGB).
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This article includes content from Cygnus Metals, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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Cygnus Metals
Investor Insight
Cygnus Metals is focused on advancing its highly prospective copper-gold and lithium projects located in prolific mining regions in Quebec, Canada, boasting a high-grade copper and gold resource of 10.8 million tons @ 3.5 percent copper equivalent, and existing infrastructure that includes a 900 ktpa processing facility. The company is strategically positioned to become Quebec's next copper producer.
Overview
Cygnus Metals (TSXV:CYG) is a copper-gold and lithium exploration and development company, positioning itself as a near-term producer in the prolific Chibougamau region of Québec, Canada. With a clear strategic focus, Cygnus Metals is actively advancing its assets toward production, taking advantage of its brownfields high-grade copper and gold projects, existing infrastructure, and supportive jurisdiction. The company’s overarching goal is to establish itself as Quebec’s next copper producer, with a hub-and-spoke mining strategy centered around its Copper Rand mill.
Following its strategic merger with Dore Copper, Cygnus Metals has consolidated a significant land package in prolific mining regions in Quebec - Chibougamau (copper-gold) and James Bay (lithium) - boasting a high-grade copper and gold resource of 10.8 million tons (Mt) @ 3.5 percent copper equivalent, and existing infrastructure that includes a 900 ktpa processing facility.
Cygnus Metals is currently focused on advancing the Chibougamau project, which is located within an area known for its historical copper and gold production, within the world-renowned Abitibi Greenstone Belt.
The company is unique because it owns the only mill in the area. The Copper Rand mill is designed to process an average of 1,350 tonnes-per-day and will need to be refurbished. This infrastructure gives Cygnus Metals a significant competitive advantage, both in terms of reducing capital expenditure requirements and potentially generating additional revenue streams by processing ore from third-party operations.
Québec, as a mining jurisdiction, provides strong support for mineral exploration and development. It ranks highly in the Fraser Institute’s rankings of mining-friendly jurisdictions, offering political stability, favorable tax incentives, and access to well-established infrastructure, including roads, rail, and power.
Cygnus Metals is led by an experienced and highly skilled management team. Ernest Mast, the company’s president and managing director, has over three decades of experience in the mining industry, including leadership roles at companies such as Primero Mining and Minera Panama (Inmet Mining). Mast’s background in managing junior and small-cap mining companies is well-suited to Cygnus Metals' current development phase. The broader management and technical teams bring a wealth of operational expertise, with several individuals having extensive experience in exploration, project development, and mining operations in Canada and internationally.
Company Highlights
- Cygnus Metals has consolidated a significant land package within the prolific mining regions of Quebec, Canada: Chibougamau and James Bay.
- A 2022 preliminary economic assessment (PEA) for the Chibougamau project outlines a relatively modest initial capital expenditure of C$180.6 million, highlighting the economic potential of the project, with an after-tax net present value (NPV) of C$193 million and an internal rate of return (IRR) of 22.1 percent.
- The Corner Bay zone within Chibougamau is among the highest-grade copper deposits in North America, with an indicated resource of 2.6 Mt at a grade of 2.66 percent copper and an inferred resource of 5.8 Mt at 3.44 percent copper grade.
- The 100 percent owned Copper Rand mill will be refurbished for future production and will be the only operating mill in the Chibougamau region. The mill will have extra capacity and provides the ability to process its own ore while potentially offering toll milling services to other nearby mining projects.
- Cygnus Metals is led by an experienced and highly skilled management team.
Key Project
Location of the Chibougamau Project relative to other major deposits and processing facilities
Cygnus Metals' assets are located within two well-known mining regions in Quebec, with a long history of production. The company’s current strategy revolves around a hub-and-spoke model, with the Copper Rand mill serving as the processing hub, fed by multiple satellite deposits.
Chibougamau Copper Gold Project
Located within a historic, high-grade mining camp, the Chibougamau copper gold project spans 187 sq km and includes a 900 ktpa processing plant and existing major infrastructure. The project consists of seven exploration targets, three of which have an existing mineral resource 10.8 million tons @ 3.5 percent copper equivalent.
The Chibougamau region has a rich mining history dating back to the early 1900s. With 16 historic mines, the district has produced some 53.5 Mt @ 3.4 percent copper equivalent (1.8 percent copper and 2.1 grams per ton gold) for 945,000 of copper and 3.5 Moz of gold.
The PEA for the project anticipates a mine life of over 10 years, with the potential to produce 53 million pounds of copper equivalent annually. Metallurgical testing at Corner Bay has yielded positive results, with copper recoveries ranging from 96.8 percent to 98.2 percent, and the concentrate is of high commercial quality, making it highly attractive to smelters.
Cygnus is focused on growing the mineral resources base at the Chibougamau project and move towards a feasibility study. The resource base, which currently stands at 3.6 Mt of measured and indicated mineral resources at 3 percent copper equivalent and 7.2 Mt of inferred mineral resources at 3.8 percent copper equivalent, for a total of 10.8 Mt at 3.5 percent copper equivalent for 306 kt copper and 314 koz gold. The project includes three key assets with existing– Corner Bay, Devlin, Cedar Bay and Joe Mann – all located within 50 km of the central 900 ktpa processing facility.
The Corner Bay deposit is the cornerstone of the project, demonstrating exceptional grades and exploration potential, positioning it as one of the highest-grade copper projects in North America. The latest resource estimate, as of 2022, includes 2.7 million tonnes of indicated resources at a grade of 2.66 percent copper and 5.8 million tonnes of inferred resources at a grade of 3.44 percent copper. The deposit remains open in several directions and at depth, suggesting that further drilling could potentially expand the resource base and extend the mine life.
Newly staked ground over the highly prospective Chibougamau Pluton and surrounding anorthositic host rock
Devlin is a smaller satellite deposit located approximately 10 kilometers west of Corner Bay. The project has a measured and indicated resource of 775,000 tonnes at a grade of 2.17 percent copper, along with an inferred resource of 484,000 tonnes at a grade of 1.79 percent copper. While Devlin’s size is modest compared to Corner Bay, it plays a crucial role in Cygnus Metals' hub-and-spoke mining strategy. Ore from Devlin will be transported to Corner Bay for pre-concentration, before being trucked to the Copper Rand mill for final processing. The company is planning to employ room-and-pillar and drift-and-fill mining methods at Devlin, with operations expected to commence shortly after Corner Bay comes online.
Cedar Bay is a past-producing mine located near the Copper Rand mill. It produced 3.9 million tons of ore at an average grade of 1.63 percent copper and 3.21 grams per ton gold during its operating life. Drilling programs have defined in the southwest zone 130,000 tons of indicated resources at a grade of 9.44 grams per ton gold and 1.55 percent copper, and 230,000 tons of inferred resources at a grade of 8.32 grams per ton gold and 2,13 percent copper.
The Joe Mann gold-copper deposit is another component of Cygnus Metals' hub-and-spoke strategy. Located 60 km south of the Copper Rand mill, Joe Mann produced 1.2 million ounces of gold and 28 million pounds of copper over its mine life, at an average grade of 8.26 grams per ton gold and 0.25 percent copper. The current resource estimate includes 608,000 tons of inferred resources, with an average grade of 6.78 grams per ton gold and 0.24 percent copper.
Board and Management
David Southam - Executive Chairman
David Southam is highly experienced in operations, project development and capital markets across the resources and industrial sectors. He was previously the managing director of Mincor Resources. Southam is non-executive director of Ramelius Resources and non-exec chair of Andean Silver Limited.
Ernest Mast – President and Managing Director
Ernest Mast has 30 years of experience in various technical and executive roles in the mining industry, across a wide range of commodities, geographies and development stages. Mast is on the board of Scottie Resources. Mast previously held the positions of president and chief executive officer at Primero Mining, vice president of corporate development at Copper Mountain Mining, vice president of operations at New Gold and president and CEO of Minera Panama S.A., Inmet Mining Corporation’s subsidiary, developing the $6 billion Cobre Panama project. Mast began his career with Noranda and its affiliates, where he took on roles of increasing responsibility over a 20-year timeframe. Mast is a member of l’Ordre des ingénieurs du Québec and has a bachelors’ and masters’ degree in metallurgical engineering from McGill University. Mast also received post-secondary business training at Henley College in the UK and at the Universidad Catolica in Chile.
Mario Stifano – Non-executive Director
Mario Stifano is a seasoned mining executive and chartered professional accountant with over 16 years of experience working with exploration, development and producing mining companies. Stifano is currently the chief executive officer of Galantas Gold. Stifano has held a number of senior executive positions including chief executive officer of Cordoba Minerals, executive chairman with Mega Precious Metals, vice president and chief financial officer with Lake Shore Gold, and vice president and chief financial officer of Ivernia. Stifano has been instrumental in raising over $700 million to explore and fund mining projects, including raising over $500 million at Lake Shore Gold, to develop three gold mines which are currently producing over 180,000 ounces of gold annually, and are now part of the Canadian assets within Pan American Silver.
Kevin Tomlinson - Non-executive Director
Kevin Tomlinson is a structural geologist and investment banker. He is the non-executive chair of Bellevue Gold and of FireFly Metals. Tomlinson has a successful track record in base and precious metals project development.
Raymond Shorrocks – Non-executive Director
Raymond Shorrocks brings a wealth of experience in corporate finance, stockbroking and financial services in Ontario. He was the previous non-executive chair of FireFly Metals and Bellevue Gold. He is the executive chair of Alicanto Minerals.
Brent Omland – Non-executive Director
Brent Omland is the co-CEO of Ocean Partners providing a range of trading services for miners, smelters and refiners globally. He is a chartered accountant and has held CFO roles for publicly listed companies in the resources industry.
Top 9 Lithium-producing Countries
Manufacturers commonly use lithium carbonate or lithium hydroxide in these batteries rather than lithium metal. Lithium-ion batteries also include other important battery metals, such as cobalt, graphite and nickel.
After a volatile 2024 that saw lithium carbonate prices drop 22 percent amid oversupply, analysts predict continued market turbulence in 2025. However, production cuts could narrow the surplus from 84,000 to 33,000 metric tons, while strong EV demand — driven by China's record sales — remains a key factor, as geopolitical tensions and rising tariffs on Chinese EVs add uncertainty in North America.
Despite the recent market challenges, global lithium demand is set to surge over the next decade due to demand from EVs and energy storage. Benchmark Mineral Intelligence forecasts a more than 30 percent year-on-year increase in demand from these sectors in 2025.
Meeting this growth will require up to 150 new battery factories and US$116 billion in investments by 2030 to prevent supply deficits. China will remain dominant, but the EU and US are poised for the fastest expansion. With lithium mining projected to grow at a 7.2 percent compound annual growth rate through 2035, the sector faces a critical decade of investment and supply chain restructuring.
As demand for lithium continues to rise, which countries will provide the lithium the world requires? The latest data from the US Geological Survey shows that the world’s top lithium-producing countries are doing their best to meet rising demand from energy storage and EVs — in fact, worldwide lithium production rose sharply from 2023 to 2024, coming in at 240,000 metric tons (MT) of lithium content last year, compared to 204,000 MT in 2023. These totals do not include US production, as that data is withheld.
What are the top lithium-producing countries?
Where is lithium mined? Australia, Chile and China are the top three for lithium production by country. Zimbabwe has also risen significantly in the ranks, moving from sixth in 2023 to fourth in 2024. As the EV lithium-ion battery market continues to grow, it’s likely these countries will vie for larger roles in supplying the metal in the years to come.
Read on for our list of top global lithium production by country.
1. Australia
Lithium production: 88,000 metric tons
In 2024, Australia produced 88,000 metric tons of lithium, making it the world’s largest producer of lithium. Although the country tops the list, year-over-year production decreased just over 4 percent from 91,700 MT in 2023 to 88,000 MT in 2024.
It's likely the country's lithium production declined in 2024 as a result of weaker demand in the EV space, which in turn pushed lithium prices lower.
Australia is home to many significant lithium mines. The Greenbushes hard rock lithium mine in Western Australia is operated by Talison Lithium, a subsidiary that is jointly owned by miners Albemarle (NYSE:ALB), Tianqi Lithium (OTC Pink:TQLCF,SZSE:002466) and IGO (ASX:IGO,OTC Pink:IPDGF). Greenbushes has been in operation for over a quarter of a century, making it the longest continuously running mining area in the state.
The Greenbushes complex also houses four spodumene concentrate plants with a combined annual production capacity of 1.5 million MT. The mine supplies spodumene to the Kemerton lithium plant and other Albemarle conversion sites worldwide for processing.
Mount Marion, a joint venture between Mineral Resources (ASX:MIN,OTC Pink:MALRF) and Ganfeng Lithium (OTC Pink:GNENF,SZSE:002460,HKEX:1772), is another key lithium mine in Australia. The project, which is located in the Yilgarn Craton, southwest of Kalgoorlie, also contains a processing plant with an annual production capacity of 600,000 MT.
Australia also holds 7 million MT of identified JORC-compliant lithium reserves, which puts it behind Chile’s 9.3 million MT. It is worth noting that most of Australia’s lithium supply is exported to China as spodumene.
2. Chile
Lithium production: 49,000 metric tons
Chilean lithium production topped 49,000 metric tons in 2024. Lithium miners in Chile have steadily increased the nation's output by 127 percent since 2020 when production was 21,500 MT.
Chile’s year-over-year growth has positioned it as the second top lithium producer in the world. Unlike Australia, where lithium is extracted from hard-rock mines, Chile’s lithium is found in lithium brine deposits.
The Salar de Atacama salt flat in Chile generates roughly half the revenue for SQM (NYSE:SQM), a top lithium producer. The Salar de Atacama is also the home of another top lithium brine producer — US-based Albemarle.
In April 2023, market participants and lithium miners were surprised by the Chilean government's plans to nationalize the lithium industry. While ultimately it wasn't a true nationalization, the country is moving to gain controlling stakes in lithium assets in the Salar de Atacama and Maricunga through its state-owned mining company Codelco.
SQM has signed an arrangement with Codelco that will allow it to continue operations in the Salar de Atacama until 2060. The two companies will create a new entity for the operations, with Codelco owning 50 percent plus one share of the company.
Chile’s lithium potential has also attracted the attention of major US oil companies. In February 2025 news broke that Exxon Mobil (NYSE:XOM) is in talks with Chilean officials about lithium opportunities, as fossil fuel firms ramp up investments in EV battery metals.
US oilfield services firm SLB (NYSE:SLB) is also expanding into lithium, with its Head of Mining, Nicholas Lugansky, meeting Chilean officials in January. SLB is among eight companies testing lithium extraction techniques and technologies in northern Chile.
3. China
Lithium production: 41,000 metric tons
China produced 41,000 metric tons of lithium in 2024, earning it the third spot on the top producing countries list. The Asian country saw its lithium supply grow by nearly 15 percent year-on-year, from 35,700 in 2023 to 41,000 in 2024.
China is the largest consumer of lithium due to its electronics manufacturing and EV industries. It also produces more than two-thirds of the world’s lithium-ion batteries and controls most of the world’s lithium-processing facilities. China currently gets the majority of its lithium from Australia, but it is looking to expand its capacity.
In January of 2024, China announced the discovery of a massive million-metric-ton lithium deposit in the country's Sichuan Province. Lithium exploration in China over the last three years has boosted the country’s lithium reserves by 1 million MT, to 3 million MT, according to the USGS.
However, in early 2025 the China Geological Survey, pegged the nation’s total reserves to be more than 30 million MT.
4. Zimbabwe
Lithium production: 22,000 metric tons
In 2024 Zimbabwe's lithium production ballooned to 22,000 metric tons, an exponential increase from 2022’s 800 MT. Year-over-year lithium output rose 47 percent between 2023 and 2024, from 14,900 MT to 22,000 MT.
Total reserves in Zimbabwe have also seen growth climbing from 310,000 MT in 2023 to 480,000 MT as per the US Geological Survey.
In December 2022, Zimbabwe banned the export of raw lithium in an effort to build out the nation's capacity to process battery-grade lithium domestically. The ban excludes companies that are already developing mines or processing plants in Zimbabwe. Lithium concentrate is now on track to become Zimbabwe's third biggest mineral export, behind gold and platinum-group metals, reported Reuters in November 2023.
Lithium-producing countries in Africa have attracted much attention from Chinese firms in recent years, especially Zimbabwe. Sinomine Resource Group (SZSE:002738), for example, bought a stake in Zimbabwe's emerging lithium industry with the purchase of the Bikita mine, the African nation's oldest lithium mine.
Zimbabwe's other key lithium mines include Zhejiang Huayou Cobalt's (SHA:603799) Arcadia mine and state miner Kuvimba Mining House’s Sandawana mine.
In September 2024, Zhejiang Huayou Cobalt and Tsingshan Group,a nickel and stainless steel company, announced plans to study and build a lithium mine and processing plant at Sandawana located in the south of Zimbabwe.
5. Argentina
Lithium production: 18,000 metric tons
Argentina’s annual lithium production grew significantly in 2024, totaling 18,000 metric tons. Year-over-year lithium production increased by more than 100 percent from 8,630 MT in 2023.
It’s well known that Bolivia, Argentina and Chile make up the Lithium Triangle. Argentina’s Salar del Hombre Muerto district hosts significant lithium brines, and its reserves - 4 million MT - are enough for at least 75 years.
At present, lithium mining in the country consists of two major brine operations currently in production and 10 projects that are in development. Analysts at consultancy firm Eurasia Group project that Argentina’s lithium production has the potential to grow approximately tenfold by 2027, as per CNBC.
One of the largest lithium miners in Argentina is Arcadium Lithium (ASX:LTM,NYSE:ALTM), the result of the January 2024 merger of Livent and Allkem. The new entity is the third largest lithium producer in the world. This is soon to change as Rio Tinto (ASX:RIO,NYSE:RIO,LSE:RIO) is set to close its acquisition of Arcadium in early March, bringing its assets under Rio Tinto's umbrella.
Rio Tinto also owns the Rincon lithium brine project, which is set to be a major contributor to the country’s lithium output once it begins commercial production, targeted for 2028. In December 2024, Rio Tinto announced a US$2.5 billion expansion. Once operational, Rincon will use direct lithium extraction technology and produce 60,000 MT of battery-grade lithium carbonate annually, combining a 3,000 MT starter plant and the 57,000 MT expansion.
6. Brazil
Lithium production: 10,000 metric tons
Lithium production in Brazil continues to trend higher. In 2024 the South American nation produced 10,000 MT, almost double 2023’s 5,260 MT. After achieving output of 400 MT or less from 2011 to 2018, the country’s production hit 2,400 MT in 2019 and has continued to rise year-over-year.
Brazil's government plans to invest more than US$2.1 billion by 2030 into expanding the nation's lithium production capacity.
At the state level, in 2023 the Minas Gerais government launched the Lithium Valley Brazil initiative, which is aimed at promoting investment in lithium mining. The program includes four publicly listed lithium companies with assets in the state's Jequitinhonha Valley: Sigma Lithium (TSXV:SGML,NASDAQ:SGML), Lithium Ionic (TSXV:LTH,OTCQX:LTHCF), Atlas Lithium (NASDAQ:ATLX) and Latin Resources (ASX:LRS,OTC Pink:LRSRF).
EV makers are also eyeing Brazil’s lithium market. In February 2025, Reuters reported that Chinese EV giant BYD (OTC Pink:BYDDF,HKEX:1211,SZSE:002594) reportedly entered the mining sector in 2023, when it acquired 852 hectares of lithium-rich land in Minas Gerais' Jequitinhonha Valley. The company is currently building an EV factory in Bahia state, but construction was paused at the end of 2024 due to "slavery-like" working conditions.
7. Canada
Lithium production: 4,300 metric tons
Canada's lithium production increased to 4,300 metric tons in 2024, representing a 32 percent uptick from 2023’s 3,240 MT.
The country currently produces lithium from two operations: the Tanco mine in Manitoba, owned by Sinomine subsidiary Tantalum Mining, and the North American Lithium operation in Québec, a joint venture between Piedmont Lithium (ASX:PLL,NASDAQ:PLL) and Sayona Mining (ASX:SYA,OTCQX:SYAXF).
While Canada is home to a wealth of hard-rock spodumene deposits and lithium brine resources, much of it remains underdeveloped. In an effort to grow a strong North American lithium supply chain for the battery industry, the government has invested in a number of lithium projects, including C$27 million for E3 Lithium (TSXV:ETL,OTCQX:EEMMF), a lithium resource and technology company, and C$1.07 million to private company Prairie Lithium. Both are developing direct lithium extraction technology in Canada's prairie provinces Alberta and Saskatchewan.
In November 2023, the Canadian government launched the C$1.5 billion Critical Minerals Infrastructure Fund. The fund seeks to address gaps in the infrastructure required for the sustainable development of the nation’s critical minerals production, including battery metals like lithium.
Canada's efforts were rewarded in early 2024, when BloombergNEF gave the nation the top spot in the fourth edition of its Global Lithium-ion Battery Supply Chain Ranking.
At the end of 2024, the Canadian government’s Export Development Canada program pledged up to C$100 million in financing to Green Technology Metals (ASX:GT1,OTC Pink:GTMLF) for the development of Ontario's first lithium mine at Seymour Lake.
8. Portugal
Lithium production: 380 metric tons
Portugal's lithium production remained flat in 2024 coming in at 380 metric tons, the same tally as the previous year. Output has declined drastically since 2021, when its lithium production reached 900 MT.
Most of Portugal's lithium comes from small-scale operations targeting quartz and feldspar. Despite this lithium-producing country’s comparatively low output, Portugal’s lithium reserves stand at 60,000 MT.
In September 2024, Savannah Resources (LSE:SAV,OTC Pink:SAVNF) delayed the start of lithium production at its Barroso project in Portugal to 2027, citing prolonged environmental approval processes and regulatory hurdles. The project has also received public backlash due to concerns about the environmental impact of lithium mining.
The project, set to be Western Europe’s first significant lithium mine, is projected to play a pivotal role in the EU’s ambitions of battery material self-sufficiency. Despite the setback, Savannah remains committed to advancing the development, emphasizing its role in strengthening Europe’s EV supply chain.
9. United States
Lithium production: Withheld
In the final place on this top lithium-producing countries list is the US, which has withheld production numbers to avoid disclosing proprietary company data. Its only output last year came from two operations: a Nevada-based brine operation, most likely in the Clayton Valley, which hosts Albemarle’s Silver Peak mine, and the brine-sourced waste tailings of Utah-based US Magnesium, the largest primary magnesium producer in North America.
There are a handful of major lithium projects underway in the US, including Lithium Americas’ (TSX:LAC,NYSE:LAC) Thacker Pass lithium claystone project, Piedmont Lithium's hard-rock lithium project and Standard Lithium’s (TSXV:SLI,OTCQX:STLHF) Arkansas Smackover lithium brine project.
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Securities Disclosure: I, Georgia Williams, hold no direct investment interest in any company mentioned in this article.
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