Canada's mining sector is going through dramatic change, but the industry remains bullish on growth, and miners increasingly believe innovation and advances in technology will reshape the industry.
The company foresees strong long-term demand for lithium but offered a short-term prognosis clouded by the entry of new projects into the market and slowing growth of demand.
The company is close to making a decision on developing Mina do Barroso mine, which could become the first European supplier of spodumene, a lithium-bearing mineral.
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.