Zoro
8900+ acres with 16 pegmatite dykes
Lithium Project
Who Are We?
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Foremost Lithium is a hard-rock exploration company strategically located to capitalize on the world’s growing EV appetite and is committed to being a premier supplier of North America’s lithium feedstock. As the world transitions towards decarbonization, the company is focused on exploration and growth on its 5 Lithium Lane Projects in Snow Lake Manitoba, and its Hidden Lake Lithium Project in the Northwest Territories. Foremost Lithium also has the Winston Gold/Silver Property in New Mexico USA.
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Projects
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Acres in the Snow
Lake District in Manitoba
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Spodumene
Pegmatite Dykes
What is lithium?
Lithium is a soft, silvery-white alkali metal that comes from two main sources, brine and hard-rock but can also be found in clay. Soaring demand of this light-weight metal, fueled by global adoption of electric vehicles has created an overwhelming demand for this critical mineral as battery makers and EV suppliers scramble to secure their supply.
BloombergNEF predicts demand for lithium is set to surge more than sevenfold by 2030 which will require another 50 more mines to go into production by that time to fill the demand/supply gap. As the world tranisitions to a cleaner and a carbon neutral environment, lithium is an integral piece towards this energy independence.
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Getting into the lithium business is a license to print money |  |
Elon Musk
July 21, 2022
Highlights
- Perfectly positioned to capitalize on rapid demand for lithium. Carbonate and hydroxide prices have surged based on the need for suppliers to secure their battery metal
- Favourable geographic proximity to strategic North American partners for operational synergies and refining requirements
- Significant exploration upside - over 43,090 acres/ 17,430 hectares in mine friendly jurisdiction of Snow Lake, Manitoba
- Active and dedicated management team focused on driving shareholder value in the development of all properties in an environmentally and responsible way
Corporate
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