“The PEA validates the company’s potential to emerge as a large-scale, cost-effective producer of lithium concentrates and chemicals,” Perth, Australia-based Green Technology Metals said in a release accompanying the study. “There is substantial demand for long-term offtake in North America.”
The project about 250 km northeast of Thunder Bay is vying with others in a race to market even as prices for lithium have collapsed this year. Frontier Lithium (TSXV: FL) is several months ahead of Seymour advancing a feasibility study on the nearby PAK lithium project. But record battery metals prices have eased as more automakers find supplies and the Chinese economy sputters.
The price of 5.5%-6.2% lithium spodumene was $1,640 per tonne on Wednesday, down from about $2,070 per tonne a month ago, according to the Shanghai Metals Market. The PEA used a price of $2,029 per tonne.
15-year life
The Seymour project would have a net…
