Manitoba Mining Sector to See Boost from Global Lithium Demand

While other materials have seen unstable markets in the last year, demand for lithium has continued to rise in order to meet the demands of the lithium-ion battery market.

According to a recent CBC article, one of the jurisdictions that is seeing an uptick in lithium exploration activity is Manitoba’s Snow Lake region. Snow Lake sits 200 kilometers east of Flin Flon, another area in the province that is well known for lithium production. Companies like Snow Lake Resources and Far Resources (CSE:FAT) are leading the charge in exploring the Snow Lake region, showing a glimmer of hope and promise as the province faces ongoing employment challenges in its mining sector. This follows decisions from both Hudbay Minerals (TSX:HBM,NYSE:HBM) and Vale (NYSE:VALE) to reduce their activities in Manitoba.

In their pursuit to develop a lithium hub in northern Manitoba, the miner will be developing the Stall mill, Lalor mine and a refurbished New Brit Gold mill, all near Snow Lake. “As long as there is exploration, there’s always hope for a longer future,” said Snow Lake mayor Peter Roberts.

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Source: www.cbc.ca