The Conversation (0)
North Arrow Minerals (TSXV:NAR) leverages its decades of experience and knowledge exploring resources in Canada’s north to seize the opportunity in the fast-growing lithium market and bring to production several highly-promising spodumene pegmatite deposits in Northern Canada.
The company has had an extensive presence in Nunavut and the Northwest Territories for many years now. Its leadership is more than familiar with the many challenges of mining in the north establishing and maintaining strong relationships with both provincial governments and community leaders.
These community connections alongside North Arrow's expertise have already served it well. It has, thus far, established three major lithium projects in the North — DeStaffanay, Baffin Island and Bathurst Inlet.
Of these, DeStaffanay is the company's flagship and the resource with the greatest potential to rapidly bring spodumene lithium to market. Successfully staked at a significantly lower cost than its counterparts, the project hosts some incredibly promising lithium mineralization. It also has the benefit of being located on the shoreline of Great Slave Lake, ensuring easy access via barge, while old spodumene exposures, due to historical mining efforts, streamline both drilling and sample collection.
Company Highlights
- Lithium demand is rapidly outpacing supply, with a hard cap predicted as early as 2027.
- The market will reward any company that can bring spodumene lithium quickly to market.
- A junior mining and exploration company based primarily in Canada’s Northwest Territories and Nunavut, North Arrow Minerals has the potential to do precisely this.
- Its flagship project, DeStaffanay, was recently financed, and the company has plans to start an exploration program here in the very near term.
- North Arrow maintains two other promising lithium projects, both situated in Northern Canada.
- Through decades of experience, North Arrow's leadership has built strong relationships in the NWT and Nunavut. The company is a two-time winner of the Nunavut Mining Symposium Corporate Award, recognizing its contribution to the economic/social development of Nunavut.
- Strong relationships with governments and community leaders in the North.
- North Arrow’s management and directors have a successful track record of resource discovery and development in Canada’s North, with at least two discoveries going on to become successful mines.
- The company recently announced a successful non-brokered private placement financing run of $2 million.
- The company also maintains a strategic partnership with Panarc Resources, the goal of which is to identify additional spodumene targets in the NWT and Nunavut.
This North Arrow Minerals profile is part of a paid investor education campaign.*
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