Powering the Future of Energy
LITHIUM
About Us
Manning is led by a seasoned management team with a clear focus on driving value to shareholders through actively exploring its lithium assets in Quebec and Newfoundland.
Manning is focused on driving shareholder value through the exploration and discovery of Energy Metals, critical materials needed to power the new energy paradigm.
Lithium and associated materials will continue to be at the forefront of global commodity demand for decades to come.
We seek out geologically favorable ground that is both highly prospective and underexplored and through intelligent, methodical exploration we pursue impactful resource discovery.
Lithium
The Lithium rush is being impacted by:
The exponential rise in EV sales which are becoming increasingly incentivized by governments
Increasing number of battery mega factories (200 mega factories in the pipeline for 2030 – 60% of which are already operational)
Price of batteries falling (80% decline since 2013)
There are two main forms of economic Lithium:
Hard Rock Deposits
Or
Brines
Hard Rock Lithium:
- Typically, mineralization occurs as Lithium-Cesium-Tantalum (LCT) style spodumene bearing pegmatites.
- Lithium bearing rocks can be processed into either lithiumcarbonate or lithium hydroxide while brines can initially only be processed into lithium carbonate (Li2CO3), which can then be further processed into lithium hydroxide (LiOH)
- Spodumene bearing pegmatites are important sources of hard rocklithium. With rising EV demand lithium hydroxide and lithium carbonatite prices have risen by over 200% during 2021. Despite the price rises the forecast lithium market imbalance will continue to increase dramaticallyin coming years (Allkem, CEO Presentation, 2021)