Bill Gates, Jeff Bezos, and Richard Branson- among other American financial heavyweights - are key investors in one of the world’s most dynamic private mining companies that just raised another $195 million in its drive to become a critical minerals powerhouse and accelerate the clean energy future.
One area of the globe this AI-driven company is focused on – the top third of the Canadian province of Quebec, a vast region known as “Nunavik” – is uniquely positioned to help America win a growing Battery Arms Race with China. Nunavik, nearly the size of Texas, is already being mined for its high-grade nickel, and the potential scale of this region’s untapped resources –including lithium, a new dynamic there- has geologists gasping in amazement.
What’s unfolding in Nunavik could be a high impact- type event for the resource sector globally, and America is all over it.
"Bill Gates-backed KoBold Metals is the Silicon Valley's newest unicorn "-Mining.com
Berkeley-based KoBold Metals, valued at over $1 billion and aggressively on the hunt for new lithium, nickel, cobalt and copper discoveries on multiple continents, sees a special opportunity in Quebec’s far north given not only Nunavik’s vast critical mineral potential but its deep-sea port access and openness to resource development.
These titans of technology and global finance know that the world is on the cusp of an energy transformation. The United States, Canada and others are taking action to shoreup their supply chains of critical metals needed for this transformation.
New areas outside Nunavik's world-renowned nickel belt has suddenly become a hotspot for lithium exploration that could radically change the landscape of the emerging North American lithium and broader critical minerals sector.
Nunavik represents a new frontier within North America that has been vastly underexplored, due in part to its remoteness but also the typical maturing process of a young mining district. It is similar, in this respect, to other current multiple-mine, multiple commodity districts that also started with one or two prominent mines and then grew exponentially from that foundation through increased activity, major new discoveries, and billions of dollars of infrastructure development.
Very recent research, and current exploration, now strongly suggest that other metals and minerals are seriously in play, andlithiumis at the top of that list which also includes gold, copper, cobalt and rare earths.
Connecting the dots
Only now, with much more being learned about high-grade lithium deposits, have the “dots connected” to reveal stunning possibilities across at least three major areas of Nunavik where Quebec’s highest lithium and cesium geochemical anomalies exist along with abundant pegmatites and favorable geology.
“If there’s one lithium deposit up here, there’s at least 10,” commented a veteran Nunavik mining expert who wasinvolved in the development of Glencore’s Raglan Nickel mine.
A little-known public companyhas taken a major strategic land position in Nunavik just 6 miles south of KoBold in the Raglan District! It has also secured some of the most prospective lithium exploration ground across the entire vast region of Nunavik.
Lithium – Key To The Energy Transition
Over the last three decades, lithium has become a prized resource. It’s a vital component of batteries - for the phone or laptop you’re reading this on, and for the electric vehicles that will soon rule the roads. Lithium is a metal that is the key ingredient for making lightweight, power-dense batteriesElectric vehicles (EVs) depend on lithium batteries and EV sales are seeing massive annual growth. Just over half of passenger cars sold in the US will be electric vehicles by 2030, according to a report fromBloombergNEF.
An electric car battery has between 30 and 60 kilos of lithium. It’s estimated that by 2034, the US alone will need 500,000 metric tons of unrefined lithium a year for EV production. That’s more than the global supply in 2020!
Thanks to the rapidly climbing demand for EV batteries, lithium prices have gone through the roof over the past couple of years.
Lithium prices have skyrocketed for several reasons but one is due to concerns over supply. The world could face lithium shortages by 2025, the International Energy Agency (IEA) says, while Credit Suisse thinks demandcould treble between 2020 and 2025, meaning “supply would be stretched.”
Although lithium reserves are distributed widely across the globe, the U.S. is home to just one active lithium mine, in Nevada.is simply not enough.Almost 400 new mines are needed to meet the demand for lithium by 2035. With over 80% of lithium-ion battery production being in China and currently only one operating lithium mine in the United States, the U.S. Department of Energy is makinga$3.16B investmentin lithium-ion battery production domestically to secure the supply of the future.
As North America rushes to wean off foreign sources for lithium,MAX Powerrepresents an excellent opportunity for investors to gain exposure (at a value) to the growing lithium space.
Shawn Ryan (PDAC Prospector-of-the-Year recipient) - “There’s reason to believe there are going to be multiple lithium discoveries in Nunavik.”
EnterShawn Ryan, one of North America’s most famous mineral explorationists and accomplished prospector. Ryan has been so successful because he thinks “outside the box” and carries out meticulous, sector-leading research. He has uncovered specific areas within the vast of Nunavik frontier that have exceptional potential for new spodumene-bearing lithium pegmatite deposits.
“It can be like looking for a needle in a haystack when it comes to finding lithium deposits or other types of deposits around the world,” commented Ryan. “In Nunavik, I believe we have found the haystack, the geochemical signaturesare so rich across very broad areas. The geological and geophysical signatures support this belief as well.”
With first mover advantage,the companyhas acquired several of Shawn Ryan’s best Nunavik lithium properties - and boots are on the ground already with promising early results and one of the quickest pivots from initial exploration to drilling you’ll ever see in this business.
MAX Power, which has assembled a 262.5 sq. mile land package across three major areas of Nunavik, has rapidly moved from acquisition to intense exploration within a matter of weeks, thanks in part to the technical expertise of partner GroundTruth Exploration.
Add to the mix KoBold, and its band of world renowed investors, and now Shawn Ryan - a famous mineral prospector - and odds are there’s going to be a game-changing moment this summer in what has quickly become one North America’s most exciting new exploration districts. A district the size of Texas, with no threat of forest fires given how it’s above the treeline with rocks as far as the eye can see! Prospectors at KoBold Metals' property in Nunavik
What Is This Company'sTeam Saying About It All?Mr. Peter Lauder, Senior Geologist and Exploration
Manager for the company, commented:
“This is thinking big and outside the box, an exciting move for MAX and consistent with management’s strategy of building a North American-focused lithium company that can differentiate itself in a lithium space that has grown substantially in the past year. This is why I took this positionwith MAX after working much of my career in Quebec for various senior and junior miners. If I had to describe the geological potential of Nunavik in one word, it is ‘remarkable’.”
Rav Mlait,MAX PowerCEO, added:
“Nunavik, covering an area of nearly 500,000 sq. km, has become the target of one of the biggest grassroots campaigns for new high-grade lithium deposits in Canada. And MAX is a leading player. The fact there are already two operating nickel mines in Nunavik, including Quebec’s biggest, speaks to how the very large regional structures in this part of the province are well mineralized. This bodes well for Nunavik turning into a multi-commodity producer with excellent potential for spodumene-bearing pegmatite lithium deposits when one also considers the very compelling science backing up the push for lithium here. To meet North American and global governments’ ambitious energy transition goals, we’ll need to discover big new lithium districts. Nunavik could be one of those. This is a compelling ‘ground floor’ opportunity for MAX shareholders.”
BroadLithium Strategy Includes Arizona Brine & Berkeley Partnership.
Elsewhere in Quebec, in the James Bay region much further south of Nunavik,this company is enjoying early success at its Corvette North and Corvette South properties adjacent toPatriot Battery Metalsprolific CV-5 high-grade lithium deposit and its emerging CV-13 discovery.
Just recently, Rio Tinto – one of the biggest mining companies in the world – moved into the “PMET Camp” witha major acquisition of two properties, one of them contiguous to MAX Power’s Corvette South land package and the other just east of MAX’s Corvette North Property that’s within as little as 2.5 miles of Patriot’s CV-13 discovery. Rio Tinto’s two option agreements contemplate an aggregate value of up to $87.5 million (U.S.) in expenditures and cash payments.
In Arizona, meanwhile,the companyis advancing an increasingly interesting lithium brine project (the drill-ready Willcox Playa) with district-scale potential.
Notably,MAX Powerhas also entered into a co-operative research and development agreement with the University of California Lawrence Berkeley National Laboratory, approved by the U.S. Department of Energy, to develop state-of-the- art direct lithium extraction technologies (DLE) for brine resources. The company is working closely with world renowned research scientists Dr. Brett Helms and Dr. Michael Whitaker.
This Company has just started its second year as publicly traded company and is now rolling out the game plan the company envisioned to become an innovative and dynamic leader in the North American lithium sector.
With a strong cash position, an attractive share structure, and the right team in place to create sustained shareholder value...
Now is the time to haveMAX Poweron your radar!
•MAX Poweris a leading landowner in Quebec’s exciting discovery-rich Nunavik region, including 215 sq. miles in the Raglan District where their neighbor is KoBold Metals;
MAX Powerhas other key assets in Quebec and a growing American division featuring a district-scale lithium brine property in Arizona and cutting-edge research into potential groundbreaking membrane technology for DLE - disruptive technology for the EV boom, specifically forMAX Power;
Features a management team known for its business- building and wealth-creation expertise;
Has only 47 million shares outstanding;
Senior Geologist Peter Lauder recently joined the company after many successful years with various producers and advanced juniors in Quebec;
Is poised to deliver robust year-round news flow while adding exponentially to its shareholder base as a young and aggressive public company;
Is rapidly building a compelling multi-faceted North American-focused lithium opportunity for investors that will differentiate the company in this fast-growing sector critical to the clean energy transition.
The global energy transformation is generating unprecedented demand for battery metals, especially lithium, and this will require the discovery of entirely new districts with multiple deposits – that’s why Nunavik is so important.
Companies likeMAX Powerand KoBold Metals have FIRST-MOVER ADVANTAGE!
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