MENU

DMT expands its business to include raw materials for electric mobility

Lithium pegmatite drill cores with large feldspar and lithium-bearing spodumene minerals

 

 

DMT is expanding its activities in the field of raw materials and raw material supply for electric mobility. The technology service provider is currently supporting the Canadian exploration company Rock Tech Lithium Inc. in the development of the Georgia Lake lithium project, with the aim of mining lithium. Lithium is one of the raw materials that play a vital role in the development of electric vehicles and is therefore regarded as highly desirable.

Charging stations instead of filling stations: The trend for electric cars on the international market has been rising steeply for years. But those who have banked on electric mobility in the automotive industry have also seen an increase in demand for lithium batteries: alongside cobalt and graphite, lithium is one of those elements without which the switch to electromobility would not be possible in the first place. It therefore follows that demand for the raw material is currently rising sharply in the automotive industry, not least due to legal constraints such as the EU regulation on the reduction of CO2 emissions.

As a publicly listed company, RockTech Lithium Inc. attaches great importance to the work and studies being carried out in accordance with Canadian National Instrument 43-101 – the responsibility for reassessing resources currently rests with DMT.

The Georgia Lake Lithium project aims to develop a lithium-rich pegmatite vein deposit for mining purposes. The deposit was discovered in the Thunder Bay Mining District in northwestern Ontario, Canada, way back in 1955, and Rock Tech Lithium Inc. has been stepping up its efforts to explore the deposit since the summer of 2016. An initial evaluation according to NI43-101 was carried out in 2012. DMT has been commissioned to reassess and evaluate the lithium content of the deposit. Based on the results of this reassessment, DMT will plan, carry out and monitor further investigations. From the data obtained, it will then be possible to prepare a Preliminary Economic Assessment (PEA) study to demonstrate the recoverability and economic viability of the deposit.

DMT project manager Dr Bernd Teigler is looking forward to working with the German-Canadian exploration company: “As a leading international service provider in the raw materials field, we are fully up to speed with the latest developments and can show the automotive industry ways to meet the future demand for raw materials.”