V2U Research

As they continue to stake claims in the Canadian provinces of Ontario and Quebec, Australian explorers appear to be pursuing the hot future of lithium in the electrification revolution.

Prolonged projections of acute lithium shortages by 2030 — a mere seven years from now — are igniting investor interest in fresh exploration success tales.

We've witnessed fresh developments in the Canadian lithium market over the course of three days this week.

Initially, there was Rubix Resources (ASX: RB6), which established itself in James Bay, Quebec. This region is currently brimming with noteworthy lithium projects and lithium pegmatites.

Private seller DG Resource Management, which had previously located and sold the Corvette site, which is currently being investigated for lithium by Patriot Battery Metals (ASX: PMT | TSXV: PMET), is the source of Rubix's land acquisition. Patriot has announced that it has expanded its CV5 pegmatite by 3.7 kilometres.

Nemaska Energy (TSX: NMX), which owns the Whabouchi deposit, is also located in this region and has 36.6 million tonnes of lithium oxide at a 1.3% grade.

Nemaska signed a long-term agreement to sell lithium hydroxide to Ford Motor Company earlier this week, which is another indication of the rapid pace of lithium development.

The business states that Rubix's land, the Ceiling lithium project, is thought to be situated within a spodumene-bearing pegmatite trend that is underexplored within the Wemindji greenstone belt.

5,000 hectares and a 25 km strike length are covered by 101 active mineral claims, making it a large-scale project.

Field exploration has begun at Kuniko's three lithium sites in James Bay, namely Fraser, Mia North, and Nemaska South, the company reported (ASX: KNI).

The exploratory activities, which include community interaction, pegmatite mapping, soil sampling, and analysis to identify possible lithium resources for future drilling, will be carried out by Axiom exploratory Group, a Canadian provider of exploration services.

DG Resource Management

Recharge Metals (ASX: REC) acquired complete control of its new Express lithium project in James Bay, Quebec, earlier this month; DG Resource Management served as the vendor once more.

The Australian firm is now concentrating on Canada's premium lithium hotspot. The company had listed in late 2001 as an explorer of base metals and gold.

Express is situated 15 km from the Pontax lithium project being investigated by Cygnus Metals (ASX: CYS) and 12 km from the James Bay deposit, which is owned by Allkem (ASX: AKE) and is another property acquired from DG Management. The James Bay deposit has 37.2 million tonnes at 1.3% lithium oxide.

Recharge is now fully funded for exploration over the next 12 months after raising $3 million recently.

From copper and gypsum to lithium and REE

Following Rubix last week, Cohiba Minerals (ASX: CHK) made a bold move by acquiring four lithium projects totaling 148 sq km. last acquisition adds Canada to its holdings in gold, copper, and gypsum in Western Australia and Queensland.

Furthermore, Big Rock, Rogers Creek, Ottertail, and Gathering Lake projects in Ontario have shown "strong" potential for the mineralization of rare earth elements, according to the corporation.

Cohiba is nearing completion on a $1.75 million placement to support this summer's northern exploration on all four sites.

Electric avenue

Blaze Minerals (ASX: BLZ), a new neighbour, has recently emerged for explorers in Ontario.

The Perth-based company was among the many that entered the tech craze in 2000 as an ASX listed vehicle. Later, it changed its name to Blaze International and joined the uranium frenzy of 2007. More recently, it has been investigating three projects in Western Australia in the more tranquil field of base metals.

Now that it has acquired all of the North Spirit lithium property in Ontario's Red Lake mineral province—an area the business refers to as "electric avenue"—it is back in the news.

Covering an area of over 340 square kilometres, it consists of 1,698 mining claims. These claims are located 30 km along the strike of Frontier Lithium's (TSXV: FR) huge PAK and Spark lithium deposit, which has resources of 18.8 million at 1.5% and 7.2 million at 1.8% lithium oxide, respectively.

According to Blaze, its first field operations will focus on two granite pegmatites that "compare favourably" to the geology of the PAK deposit and were identified by the Ontario Geological Survey.