Green Technology Metals CEO Luke Cox: Working Towards Building a Lithium Supply Chain in North America

Green Technology Metals Limited (ASX:GT1) is aiming to be the first to build a lithium supply chain in North America. CEO Luke Cox believes that Canada is a great mining jurisdiction to host an operation that will feed lithium to the market.

“Canada is a massive mining jurisdiction, so we bought some great assets and we're developing them. We just need to get that first operation up and running. And we're just going full steam ahead on that,” said Cox.

Green Technology Metals’ Seymour, Root and Wisa projects are all located in Canada. Its flagship Seymour project has a current total mineral resource of 9.9 million tonnes at 1.04 percent Li2O, and an indicated mineral resource of 5.2 million tonnes at 1.29 percent Li2O. The company recommenced its diamond drilling program at the North Aubry deposit in June, and the first completed hole returned 17.9 metres of spodumene-bearing pegmatite from 218 metres.

Cox said the company has been drilling at Seymour for six months, and has proven resources of up to nearly 10 million tonnes. The company plans to get that into production, do the baseline studies and start the permitting process.

“We've got 10 million tonnes, and we might work it around that to 15 million tonnes. What do 15 million tonnes get you? Well, that gets you a 10 year mine life. That's the start of the supply chain that buys you 10 years to start feeding into other projects that we've got. We'll build this supply chain up.”

According to Cox, the lithium supply chain the company plans on building is in partnership with mineral processing specialist Primero and Lithium Americas (TSX:LAC,NYSE:LAC). Green Technology Metals will do the exploration, develop the resources, start the operation up and then hand the baton over to Primero, where raw materials will be converted into lithium concentrate. The SC6 concentrate from Primero will then be turned into hydroxide by Lithium Americas.

“We're doing everything in parallel. We're pumping along because we want to be the first into the market, especially in Ontario, especially in Canada. We're sitting around 10 million tonnes now, and that's already a mine. Just for the SC6 concentrate, you're getting over US$6,000 a tonne. That's outrageous.”

Watch the full interview of Green Technology Metals CEO Luke Cox above.

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