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We are a Canadian-based lithium-focused mining company committed to supporting the global energy transition by developing a high-quality commercial grade lithium operation economically and sustainably in the mining-friendly state of Minas Gerais, Brazil.
Assets located in a mining-friendly jurisdiction
Properties cover 14,182 ha in Minas Gerais, Brazil; the country's most favourable mining jurisdiction, where +300 mines currently operate. The state of Minas Gerais is known for its highly efficient and expeditious permitting process.
Established lithium-producing district
Claims located within 500m from CBL's Cachoeira lithium mine and <4km from lithium producer Sigma Lithium (SGML) (Proven & Probable reserves of 54.8Mt at a grade of 1.44% Li2O).
Maiden Mineral Resource estimate demonstrates scale, high grade and significant growth potential
M&I: 7.57Mt at 1.40% Li₂O (261kt LCE); Inferred: 11.86Mt at 1.44% Li₂O (421.5kt LCE). Low technical risk spodumene processing, high lithium content and high extraction rate.
Growing lithium demand
The transition to green energy has made lithium one of the most sought-after metals. According to Benchmark Minerals Intelligence, demand for lithium carbonate equivalent (LCE) is set to increase to 2.4Mt in 2030, compared to around 600,000t in 2022, which is expected to lead to a growing supply-demand gap.
Proven Brazilian Team
Over 80 years of cumulative experience in exploration and mining in Brazil, complemented by a strong technical and capital markets team based in Toronto, Canada.
Near-term catalysts & high re-rate potential
50,000m drill program underway for H2 2023; PEA expected for completion in Q3 2023 and Definitive Feasibility Study in Q4 2023. Permitting process initiated with an EIA underway. Infrastructure and regional proof-of-concept greatly reduces project risk and provides compelling valuation goal posts (Sigma Lithium valued at ~US$4bn in June 2023).