“The world is on the brink of a paradigm shift for energy technology: emerging developments in renewable energy have increasingly addressed efficient storage, rather than greater production,” writes Jean-Sebastien Lavallée, the Montreal-based President & CEO of Critical Elements Corp in the November issue of Energy Digital Magazine below:
“Lithium’s increasing ubiquity proves its importance. The world would be very different without light-weight lithium-ion batteries powering laptops and smartphones,” says Lavallée, “Apple recently sold five million iPhone 5s in the device’s debut weekend alone – each containing a lithium-ion battery. Our overwhelming reliance on lithium-based technologies in the coming decades mandates the need for strong supplies of the element, both internationally and domestically.”
Critical Elements Corp.’s flagship project, the Rose tantalum and lithium deposit, is located in the James Bay region in Quebec and is slated to start production by 2014. The Quebec government announced an $80B investment for project development and infrastructure over the next 25 years. With the development of their lithium and tantalum deposit, Critical Elements Corporation’s mission is to become one of the world’s leading suppliers of battery grade lithium and ethically sourced tantalum. “Having proven a purity of 99.9% for our lithium makes this one of only five deposits globally that meet the rigorous specifications for lithium ion batteries,” said Lavallée.
“The mine will also be a major new source of conflict free 'Ethical Tantalum,’” said Lavallée, a geologist who is part of a third generation mining family. “Tantalum is essential for electronics, medical devices and many industrial applications. Without tantalum there could be no smart phones, laptop computers and electronic gaming consoles.”
“With the enacting of legislation including America’s Dodd-Frank Act and new guidelines at the Organization for Economic Co-Operation and Development (OECD) barring companies from using tantalum that is illegally mined, there is high demand for sources of tantalum that are ‘conflict free,’” said Lavallée. "This mine, when in production, will provide a much needed supply of ethical tantalum in a market that has not seen a new tantalum mine developed in almost 30 years."