Mining
Stornoway Diamonds (TSX:SWY)
Stornoway is building Quebec’s first diamond mine at it s 100% Renard Project
Forward looking information
This infographic contains “forward-looking information” within the meaning of Canadian securities legislation and “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. This information and these statements, referred to herein as “forward-looking statements”, are made as of the date of this presentation and the Company does not intend, and does not assume any
obligation, to update these forward-looking statements, except as required by law.
Forward-looking statements relate to future events or future performance and reflect current expectations or beliefs regarding future events and
include, but are not limited to, statements with respect to: (i) the amount of mineral resources and exploration targets; (ii) the amount of future
production over any period; (iii) net present value and internal rates of return of the mining operation; (iv) capital costs and operating costs; (v) mine expansion potential and expected mine life; (vi) expected time frames for completion of permitting and regulatory approvals and making a production decision; (vii) future exploration plans; (viii) future market prices for rough diamonds; and (ix) sources of and anticipated financing requirements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives,
assumptions or future events or performance (often, but not always, using words or phrases such as “expects”, “anticipates”, “plans”, “projects”,
“estimates”, “assumes”, “intends”, “strategy”, “goals”, “objectives” or variations thereof or stating that certain actions, events or results “may”,
“could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative of any of these terms and similar expressions) are not statements
of historical fact and may be forward-looking statements.
Forward-looking statements are made based upon certain assumptions and other important factors that, if untrue, could cause the actual results,
performances or achievements of Stornoway to be materially different from future results, performances or achievements expressed or implied by
such statements. Such statements and information are based on numerous assumptions regarding present and future business strategies and the
environment in which Stornoway will operate in the future, including the price of diamonds, anticipated costs and ability to achieve goals. Certain
important factors that could cause actual results, performances or achievements to differ materially from those in the forward-looking statements
include, but are not limited to: (i) estimated completion date for the Environmental and Social Impact Assessment; (ii) required capital investment
and estimated workforce requirements; (iii) estimates of net present value and internal rates of return; (iv) receipt of regulatory approvals on
acceptable terms within commonly experienced time frames; (v) the assumption that a production decision will be made, and that decision will be
positive; (vi) anticipated timelines for the commencement of mine production; (vii) anticipated timelines related to the Route 167 extension and the
impact on the development schedule at Renard; (viii) anticipated timelines for community consultations and the conclusion of an Impact and
Benefits Agreement; (ix) market prices for rough diamonds and the potential impact on the Renard Project’s value; and (x) future exploration plans
and objectives. Additional risks are described in Stornoway’s most recently filed Annual Information Form, annual and interim MD&A, and other
disclosure documents available under the Company’s profile at: www.sedar.com.
When relying on our forward-looking statements to make decisions with respect to Stornoway, investors and others should carefully consider the
foregoing factors and other uncertainties and potential events. Stornoway does not undertake to update any forward-looking statement, whether
written or oral, that may be made from time to time by Stornoway or on our behalf, except as required by law.
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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