“The OJEP program is a vital part of financing and fostering early exploration projects and allows us to further advance our exploration activities,” chairman Robert Martin said in a statement.
The company has been expanding its footprint in Canada, where it now holds five exploration projects across the provinces of Ontario and Quebec.
Its most recent acquisition, the Benham Project in northwest Ontario, became an instant hit for Pioneer. Bought in November, the company’s exploration team had by mid-January discovered numerous pegmatite outcrops, including a 40-metre long mineralized prominence.
Pioneer is also advancing the early exploration Root Lake lithium project in north-west Ontario.
Lithium prices hit rock bottom last year and are struggling to make a significant recovery. This is partly because miners, refiners, and auto makers are still dealing with an excess stockpile that is causing the current oversupply of…
