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Another “massive” opportunity that’s little known to most Northerners is the burgeoning global electric vehicle and lithium-ion battery markets.

Yet all the coveted ingredients of lithium, nickel and cobalt to feed that sector are in great abundance in this region, explained Trevor Walker, president of Frontier Lithium.

His Sudbury-based junior mining company is patiently waiting on North America to catch up with the rest of the world on the electric vehicle growth curve.

According to analysts, Walker said sometime between 2022 and 2025 there will be price parity between internal combustion engines and electric vehicles.

“It’s at that point that consumers making decisions will start to buy and consider electric vehicles.”

His company has a lithium deposit 175 kilometres north of Red Lake in northwestern Ontario. The Pakeagama Lake Pegamatite (PAK) project is the “highest quality lithium resource in North America” and the second largest, Walker claims.

With plans to build a demonstration concentrator at the PAK site within two years, Walker sees a huge opportunity to revive the manufacturing base in the Great Lakes region with a fully integrated supply chain catering to electric-vehicle makers.

“Rather than just mine it and ship it (offshore), how do we get that added value for the North?” he said.

Based on his high-level conversations, Walker said the North’s lithium potential is not lost on provincial leaders...."

excerpt from : These Northern Ontario industries are primed for growth

https://www.northernontariobusiness.com/industry-news/aboriginal-businesses/these-northern-ontario-industries-are-primed-for-growth-1723282