North Arrow Minerals

Overview

It's no secret the world is staring down a looming lithium deficit. By 2030, global demand is predicted to reach over 3 million metric tons. Even if every single lithium project currently in pre-production were to be made operational by 2030, there would still be at least a 10 percent supply gap that could hobble efforts to transition to net zero and embrace clean energy. Lithium is arguably one of the most important battery metals where sustainability is concerned. A key component in electric vehicle batteries, lithium is also a considerable limiting factor in their production.

Part of the problem is the current state of the global lithium supply chain. China currently controls roughly 70 percent of global lithium production despite only supplying 13 percent of the world’s lithium. Challenging this dominance requires both domestic production and a domestic supply chain for lithium. More importantly, it requires the capacity to swiftly bring large quantities of spodumene lithium to market.

North Arrow, after all, has an advantage over other junior mining companies looking to capitalize on the lithium market. 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.

More importantly, North Arrow's leadership has established and maintained strong relationships with both provincial governments and community leaders. When the company needs to survey a site or visit a project, it doesn't send consultants. It ensures its own people have boots on the ground.

That's one of the reasons North Arrow is a two-time winner of the Nunavut Mining Symposium Corporate Award. These community connections alongside North Arrow's expertise have already served it well. It has, in one year, established three permitted and drill-ready projects close to infrastructure in the Northwest Territories – DeStaffany, LDG and MacKay.

Of these, DeStaffany was the first lithium project the company acquired and could be a spodumene resource with the greatest potential to get to market first.. Successfully acquired at a significantly lower cost (only the staking costs) than most other companies exploring the Yellowknife Pegmatite Province, the project hosts four pegmatites. Two of these deposits, Moose 1 and Moose 2 have demonstrated significant lithium mineralization in surface sampling. The property also has the benefit of being located on the shoreline of Great Slave Lake, ensuring easy shipping access via barge to the railhead in Hay River.

Company Highlights

• Lithium demand is rapidly outpacing supply, with a supply shortfall predicted as early as 2027.
• There are many exploration companies in the lithium sector; those with projects close to infrastructure that can get a spodumene concentrate to market quicker will be rewarded.
• North Arrow Minerals is a junior mining and exploration company focused on developing hard-rock lithium projects located in Canada’s Northwest Territories (NWT) and Nunavut (NU).
• Three permitted and drill-ready, 100 percent owned hard-rock lithium projects close to infrastructure in the Northwest Territories – DeStaffany, LDG and MacKay.
• All three projects have spodumene pegmatite deposits at the delineation drilling stage.
• Management and directors with a successful track record of resource discovery and development in Canada’s North; two discoveries have gone on to become successful mines (the Diavik Diamond Mine and the Nechalacho Rare Earth Mine).
• Through these decades of northern exploration experience, management has developed strong relationships with businesses, leadership and communities in the NWT and NU.
• Two-time winner of the Nunavut Mining Symposium Corporate Award, recognizing its contribution to the economic and social development of Nunavut, particularly the community of Naujaat.
• Maintains a strategic partnership with Panarc Resources, the goal of which is to identify additional lithium properties in the NWT and Nunavut.
• Maintains a portfolio of four diamond projects in the NWT, NU and Saskatchewan and one legacy gold project that borders Agnico Eagle’s Doris Mine property in NU.