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Canada’s Resource Cities: Fredericton

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Canada's Resource Cities: Fredericton

Canada’s Resource Cities: Fredericton

In this series of five infographics, we will be highlighting some of Canada’s most intriguing resource cities. Today’s post is sponsored by the Canadian Chamber of Commerce and the Fredericton Chamber of Commerce.

What makes Fredericton one of Canada’s most prominent resource cities?

The official motto of New Brunswick’s capital city is “Fredericton, noble daughter of the forest”. This is fitting, because the city and surrounding area has a wealth of forests, minerals, and value-added services. As a result, the city is becoming a strong natural resource research hub that will create wealth in New Brunswick and Canada for decades to come.

Some interesting facts on Fredericton and the region covered in this infographic:

  • Forestry has been a cornerstone of the city’s history, and the sector contributes $2 billion in output to the provincial GDP.
  • 22,000 men and women are employed directly or indirectly through the province’s forestry sector.
  • Mining exploration expenditures have tripled since 2009 to $34 million in 2014.
  • The New Brunswick government has received over $90 million in royalty payments for the province’s mining and forestry sectors. It’s enough to pay for 50% of the province’s drug programs.
  • The number of bioscience companies in the province have quadrupled over the last decade. Employment has risen 15% per year for the last 10 years.
  • The University of New Brunswick contributes $385 million to the provincial economy and Fredericton community. 25% of graduates work in natural resource sectors or related fields.

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Mining

White Gold: Mapping U.S. Lithium Mines

In this graphic, Visual Capitalist partnerered with EnergyX to explore the size and location of U.S. lithium mines.

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Teaser graphic of a map that shows the sizes of the top U.S. lithium mines.

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The following content is sponsored by EnergyX

White Gold: Mapping U.S. Lithium Mines

The U.S. doubled imports of lithium-ion batteries for the third consecutive year in 2022, and with EV demand growing yearly, U.S. lithium mines must ramp up production or rely on other nations for their supply of refined lithium.

To determine if the domestic U.S. lithium opportunity can meet demand, we partnered with EnergyX to determine how much lithium sits within U.S. borders. 

U.S. Lithium Projects

The most crucial measure of a lithium mine’s potential is the quantity that can be extracted from the source.

For each lithium resource, the potential volume of lithium carbonate equivalent (LCE) was calculated with a ratio of one metric ton of lithium producing 5.32 metric tons of LCE. Cumulatively, existing U.S. lithium projects contain 94.8 million metric tons of LCE.

RankProject NameLCE, million metric tons (est.)
1McDermitt Caldera21.5
2Thacker Pass19.1
3Tonopah Flats18.0
4TLC Lithium10.7
5Clayton Valley (Century Lithium)6.3
6Zeus Lithium6.3
7Rhyolite Ridge3.4
8Arkansas Smackover (Phase 1A)2.8
9Basin Project2.2
10McGee Deposit2.1
11Arkansas Smackover (South West)1.8
12Clayton Valley (Lithium-X, Pure Energy)0.8
13Big Sandy0.3
14Imperial Valley/Salton Sea0.3

U.S. Lithium Opportunities, By State

U.S. lithium projects mainly exist in western states, with comparatively minor opportunities in central or eastern states.

StateLCE, million metric tons (est.)
Nevada88.2
Arkansas4.6
Arizona2.5
California0.3

Currently, the U.S. is sitting on a wealth of lithium that it is underutilizing. For context, in 2022, the U.S. only produced about 5,000 metric tons of LCE and imported a projected 19,000 metric tons of LCE, showing that the demand for the mineral is healthy.  

The Next Gold Rush?

U.S. lithium companies have the opportunity to become global leaders in lithium production and accelerate the transition to sustainable energy sources. This is particularly important as the demand for lithium is increasing every year.

EnergyX is on a mission to meet U.S. lithium demands using groundbreaking technology that can extract 300% more lithium from a source than traditional methods.

You can take advantage of this opportunity by investing in EnergyX and joining other significant players like GM in becoming a shareholder.

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