The project in Becancour, Quebec, would be the first fully domestic nickel sulfate production plant in North America.

The goal of the initiative is to reduce the Co2 footprint of industrial production by leveraging the acres owned by First Nations – about 7% of Canada’s total landmass.

Gold saw a 34% surge in demand in the first quarter compared with the same period of 2021.

E3 says the brine production well will provide critical data such as brine chemistry, lithium concentrations and reservoir characteristics of the Clearwater project area.

The energy transition demands unprecedented volumes of minerals and metals, with some analysts noting $1 trillion of investment to meet medium-term forecasted demand curves.

Province holds the largest lithium reserves in Canada and nearly half of the lithium projects currently underway.

Skeena's proposed Eskay Creek gold-silver project, which is located in Tahltan territory, will be the first mining project to have permits authorized by an indigenous government.

Two-year research project will provide insights into the most effective exploration strategies to extract lithium from the site in the future.