Global battery demand to quadruple by 2030 — report
According to Bain & Company, lithium-ion batteries will remain dominant for the foreseeable future.
Canadian junior Musk Metals (CNSX: MUSK) has added a new lithium project to its portfolio by acquiring a 100% interest in the Pakeagama claims, located in the “electric avenue” pegmatite field in northwestern Ontario.
The move comes only two weeks after it announced it had bought the Elon lithium project in Quebec, officially adding the battery metal to its gold-focused pipeline.
Pakeagama is a group of four contiguous mining claims covering approximately 1,490 hectares, located next to Frontier Lithium’s claims.
The property is only 3 kilometres south of the SPARK and PAK lithium deposits, which contain one of North America’s highest-grade, large tonnage hard-rock lithium resources in the form of a rare low-iron spodumene, according to the company.
It’s is also located along the Sandy Lake First Nations winter road and the PAK lithium deposit winter road.
Musk Metals, known until early March as Gold Plus Mining, said Ontario’s electric avenue hosts four known lithium bearing pegmatite deposits.
