About
LITHIUM PROJECTS OVERVIEW
Foremost Clean Energy land package also contains a robust lithium exploration portfolio including the “Lithium Lane” projects in the Snow Lake, Manitoba as well as Lac Simard South Project in Quebec, totalling 55,118 acres/ 22,305 hectares.
Its Lithium Lane Projects are centrally located in the heart of North America, and are strategically located to supply the growing demand for battery metals. Foremost’s projects are located at the tip of the NAFTA “superhighway” with easy access to North American battery and EV manufacturing sites.
This legislation will include Canada in a new tax incentive for electric vehicles purchased in the US. This is also good news for Canadians, for our green economy, and for our growing EV battery minerals and manufacturing sector.
Justin Trudeau
August 17, 2022
The Inflation Reduction Act has intensified the need for automakers to secure their future domestic lithium supply. This law puts Canada in a privileged position and will deepen investment with lithium exploration companies as EV manufacturers and other suppliers scramble to source and secure their critical minerals with a Free Trade Partner. The objective of exploration is to prove out resource in a economical way to solidify strategic partnerships with EV manufacturers and lithium-battery manufactures to fuel the ever-growing global electric vehicle and battery storage market.
Map of Lithium Lane Properties
LITHIUM LANE PROPERTIES
Foremost’s Lithium Lanes cover 43,276-acre/ (17,513 ha) in the Snow Lake Region of - Manitoba. Manitoba, one of the world’s friendliest mining jurisdictions, focused on increasing investment in mineral exploration & development. The Lithium Lane Properties, Peg North, Grass River, Jean Lake Zoro and Jol, - are all near existing infrastructure including highway, grid power and railway (-The Jol property, is not considered a core Lithium Lane property).. The Company’s properties have access to abundant renewable power sourced from the provincial grid and more than 98% of electricity in Manitoba is generated using hydroelectricity and wind power.
Project HIGHLIGHTS
FAVOURABLE MARKET OUTLOOK
Robust Long-term Demand for Lithium
- The global electrification revolution has arrived
- It’s the end of the “ICE” age (internal combustion engine) as the word transitions to EV’s
- Government policy is accelerating the demand for domestic lithium supply
GEOGRAPHICALLY ATTRACTIVE
North American Sourced Lithium Feedstock
- Located at the tip of the NAFTA “superhighway” with easy access to North American battery and EV manufacturing sites
- Accessible via the Arctic Gateway railway that runs north to the port of Churchill and south connecting via Winnipeg to the U.S. rail network, and highways
FAVOURABLE GEOLOGY
Lithium Enriched Pegmatite Clusters
- Jean Lake Lithium/Gold and Peg North Property are bound by the Crowduck Bay Fault, as well as are situated along the Thompson Brother’s Lithium Trend (TBL)
- The Zoro Property also runs alongside the Crowduck Bay Fault which is a significant regional focus for the development of lithium-enriched pegmatite cluster.