Mining
Mining is a Crucial Industry for Manitoba
Mining is a Crucial Industry for Manitoba
Presented by: Mining Association of Manitoba
Mining in Manitoba had humble beginnings. Settlers of the province needed non-metallic raw materials, and began to extract salt from brine springs and stone locally for building materials.
However, the mining industry has changed dramatically since those days. Communities such as Thompson, Flin Flon, Snow Lake, Lynn Lake, Leaf Rapids, Bissett, and Lac du Bonnet were built on great mining deposits.
Today the mining industry is one of the most important sources of wealth in the province, consisting of 6% of the Gross Provincial Product. $1.3 billion of minerals were produced in 2013, and the workforce is approximately 3,200 people.
In terms of size, mining is the fourth largest primary industry in the province behind agriculture, hydro, and oil production.
Mining provides some of the safest and highest paying jobs in Manitoba. In terms of safety (lost time accidents) mining has dramatically improved over the years. In fact, mining boasted fewer cases of time loss injuries compared to other industry sectors such as agriculture, transportation, construction, manufacturing, and trade.
Salaries are also very high in mining compared to other industrial sectors. For example, the average salary in mining in Manitoba is $90,000, while other sectors took home between $55,000 and $60,000 on average.
In 2014, Manitoba produced 11.8% of Canada’s nickel, 5.5% of Canada’s copper, 2.4% of Canada’s gold, 5.7% of Canada’s silver, and 23.6% of Canada’s zinc.
Yet, only 1.4% of the country’s mineral exploration expenditures are in the province.
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.
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.
Rank | Project Name | LCE, million metric tons (est.) |
---|---|---|
1 | McDermitt Caldera | 21.5 |
2 | Thacker Pass | 19.1 |
3 | Tonopah Flats | 18.0 |
4 | TLC Lithium | 10.7 |
5 | Clayton Valley (Century Lithium) | 6.3 |
6 | Zeus Lithium | 6.3 |
7 | Rhyolite Ridge | 3.4 |
8 | Arkansas Smackover (Phase 1A) | 2.8 |
9 | Basin Project | 2.2 |
10 | McGee Deposit | 2.1 |
11 | Arkansas Smackover (South West) | 1.8 |
12 | Clayton Valley (Lithium-X, Pure Energy) | 0.8 |
13 | Big Sandy | 0.3 |
14 | Imperial Valley/Salton Sea | 0.3 |
U.S. Lithium Opportunities, By State
U.S. lithium projects mainly exist in western states, with comparatively minor opportunities in central or eastern states.
State | LCE, million metric tons (est.) |
---|---|
Nevada | 88.2 |
Arkansas | 4.6 |
Arizona | 2.5 |
California | 0.3 |
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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