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This is just an ad for a satellite exploration company. It is not even that big a deal.
From the article, “That potential would place Cisco among the largest hard-rock lithium deposits now being tracked in the James Bay region.”
So, not even the biggest in the area.
Also, Sodium Ion is about to make Lithium much less of a big deal.
Still great economically but hardly as world changing as the headline makes out.
Sounds like a dictatorship that needs McLiberated™
Wasn't the last time a Canadian company discovered an "inexhaustable supply" of some mineral it was a gold scam that was one of the biggest mining industry scams in history that scammed people out of their pensions?
Please, I would like to see chain-of-custody third party samples before jumping to conclusions.
I am sure you are thinking of BreX.
Other than Canadian investors and mining as a general theme, I cannot think of a single reason to link the two stories.
Also, BreX never claimed “inexhaustible” anything and was certainly not “the last time” for anything either.
Canada has more mining companies and mining investment than any country in the world. These kinds of discoveries are common-place. There have been many, many discoveries and success stories in the decades since BreX.
And this is just another Lithium deposit. Not the biggest in the world and probably not even the biggest in the James Bay district.
I wonder if Elon will call for couping Canada to gain access to it.
People of canada should get dividents from profit
And we'll just keep shipping it out of the country for pennies for other countries to make value added products.
You want some of the impacts of making those value added products in your back yard?
A key reason why Canada ships its oil, lumber, and minerals elsewhere for processing is because there is a human cost to processing these things that moat people don't want to pay.
Also, where clean processing is possible it makes processed materials cost-prohibitive when you can just buy the stuff from jurisdictions where health and environmental laws are lax or non-existent and you can process however you like.
Well, tax the dirty processors and eliminate them from the supply chain, you might suggest! That's not easier either, see eliminating forced labour from the supply chain as an example.
I'm not saying nothing should or could be done about Canada's extraction-only economy, just that it isn't as easy it may appear at first glance.
Well, we've figured it on things like canola (crush for oil), peas (fractionation plants), lumber (sawmills) and cattle (packing plants). Those have pretty much been in spite of ourselves, not because, as they've flourished when we've had trade wars with the US/China (or BSE as the case may be).
We just need a nice crippling tariff on raw lithium and we'll invest in making batteries. Maybe an export tariff for anything that heads to the US, and funnel that to startup some competition to CATL. The amount of human labor a LFP plant uses is pretty minimal. It would give us all those high-tech retraining positions I keep hearing about we're going to get any day now.
The problem is greed, ad infinitum.
what a godawful website
thanks for the blocklist addition
Why not just do uBlock instead of individual blocklists?
I also don't want to even go to sites that disrespect their users like this
I don't want to give them any traffic at all
America: “That’s ours! We called it!”
Well take it by any force needed, brother. Citation: iraq 1 and Iraq 2
“Almost inexhaustible”
Humanity: Hold my beer.
Incoming reclassification of maple syrup as a WMD.
“This ‘syrup’ comprises a clear and present danger to the United States of America. Operation ‘Freedom Fries’ has been authorised!”
That potential would place Cisco among the largest hard-rock lithium prospects now being tracked in the James Bay region.
That's way less impressive than the headline makes it seem.
Congrats on being the only person that apparently read the article before commenting.
Now do silver
I know there's been lots of headlines in the past like OMG there's not enough lithium! It's never been true.
It's one of the most abundant elements out there, it's everywhere. It was always more about what reserves we knew about, but when what we knew about wasn't going to be enough, people go looking, and it's abundant.
Also the more uses there are for it, the more profitable it is to extract from these methods and the better we get at it, the cheaper it is to extract, which further opens up even more options.
I suppose it's a bit like diamonds, which are actually really abundant, just not always very accessible.
It’s one of the most abundant elements out there
I mean, it's not. Either in the crust or the universe - stellar nucleosynthesis skips straight to carbon.
Your point still stands, though, since abundance is only one of the factors that goes into how easy something is to recover.
It's 31st in the crust, there's more than Lead.
Then it's all over the world in other areas in higher concentrations like in brines (the easiest way for us to get it) or clays, and there's over 200 billion tons of it in the ocean. Granted the ocean stuff would take some figuring out how to get, but it's a ridiculous amount.
Whenever we go looking for it, we keep finding vast reserves of it.
Such as this just this month: https://finance.yahoo.com/news/1-5-trillion-lithium-deposit-114805186.html?guccounter=1
Edit: for the sea water stuff, capturing it as a side product of desalination or a next step in desalination might be a starting way to begin extracting it without massively increasing costs as some of the costs will already be part of desalination, which could help bring desalination costs down via another revenue stream.
USA:
Wouldn't wonder if the US discovers tomorrow that Canada is run by a drug cartel
Great! Let’s sell this off to multinationals ASAP so we can accelerate pillaging the land without consultation, outsource the jobs and ensure the fewest Canadians benefit from the windfall.
That’s a perfect description of Carney’s MO.
Weird I don't remember Carney being PM for the last 50 plus years. Its Canadas MO doesn't matter who is in charge.
Why not criticize them all??
You're showing your bias. That was Canada's position well before Carney was on the scene.
True about that being Canada’s MO.