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Lithium

Powering the Future of Energy

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.

Focus

Manning is focused on driving shareholder value through the exploration and discovery of Energy Metals, critical materials needed to power the new energy paradigm.

Demand

Lithium and associated materials will continue to be at the forefront of global commodity demand for decades to come.

underexplored

We seek out geologically favorable ground that is both highly prospective and underexplored and through intelligent, methodical exploration we pursue impactful resource discovery.

The Lithium Rush

There are 2 main forms of economic Lithium:

Hard rock deposits & Brines

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)

EV Batteries

The exponential rise in EV sales which are becoming increasingly incentivized by governments

Low Cost

The cost of lithium-ion battery packs has dropped by 87% since 2010, making them more attractive to manufacturers

Growing Demand

Increasing number of battery mega factories (200 mega factories in the pipeline for 2030 – 60% of which are already operational)

Why Lithium?

An incredible opportunity to take part in the growing demand for electric vehicles, mobile devices, and grid storage that is creating a long-term supply shortage and increasing lithium prices.

With the Biden Administration providing $3.16B USD in funding for lithium projects domestically, and investing $5B USD towards the EV charging network, the U.S. is all in on the electrification of America. [1] – and Canada has adopted a similar position.

It is estimated that with the immense increase in battery metals demand, the world will need almost 400 new mines by 2035.[2]

[1] Benchmark Mineral Intelligence

[2] www.energy.gov/articles/biden-administration-announces-316-billion-bipartisan-infrastructure-law-boost-domestic