The company has identified a significant number of lithium occurrences in Quebec and is continuing to look for more opportunities in the area. Additionally, the company has also made a historic copper discovery in British Columbia. These acquisitions demonstrate GOAT Industries' commitment to investing in valuable resources that will drive the growth of the electric vehicle and battery metal industries.
Copper Project in British Columbia
Goat Industries Ltd. has announced the acquisition of additional land claims in the vicinity of American Eagle Gold Corp.'s recently discovered NAK Copper deposit and the Amarc/Boliden DUKE Copper-Gold District, located approximately 80 kilometers from Smithers, British Columbia. These additional claims contain a historic British Columbia Minfile occurrence, which, in combination with the previously acquired land, expands the company's landholdings in the immediate area.
Notable developments in the area:
• The NAK Copper Discovery, which was announced by American Eagle Gold on November 7th, 2022, revealed impressive results with 125 meters of 1.02% copper equivalent from surface and 851 meters of 0.33% copper equivalent from their maiden drill hole.
• Amarc Resources Ltd. announced that it has entered into a Mineral Property Earn-in Agreement with Boliden Mineral Canada Ltd., in Amarc's 100% owned DUKE porphyry Cu-Au district.
The acquisition of these claims aligns with Goat Industries' strategy of investing in resources that drive the growth of the electronics and battery metal industries.
Electric vehicles rely heavily on copper, the metal that powers their engines and keeps them going. From the winding of electric motors, the wiring that connects all the systems, to the charging infrastructure, copper is a fundamental element in the functioning of electric vehicles. The amount of copper used in an electric car is more than 4 times that of a traditional gasoline vehicle, making it a vital component in the shift towards a more sustainable future.
40+ Lithium Occurrences in Quebec
Lithium deposits occur in brines or in pegmatite host rocks. Pegmatite host rocks offer quick Lithium conversion from a mineral in a host rock to economic grades that can be converted to the required electric battery grades. In Australia, a leading mining nation of Lithium, the industry has moved to a 6% Li2O grade which end users purchase. Lithium in Brines is a longer process of converting Lithium from solution as the natural ultraviolet light of the Sun is utilized to gain Lithium from the brines once pumped on surface, the process takes over 1.5 years which is sped up with new technology that runs the brines through systems such as GOAT's proprietary system (see below).
Canada is also rich in lithium, with many pegmatite hosted lithium occurrences in the same geology as Australia's historic lithium mines and deposits. The provinces of Manitoba, Ontario and Quebec offer significant opportunities for high-grade discoveries. GOAT Industries is actively acquiring claims, with over 40 Lithium occurrences in Quebec in three areas (south of Patriot Battery Metals Corvette lithium discoveries, northern Quebec near Labrador and, in Southern Quebec).
Tesla Motors (TSLA) is the world's mass electric vehicle producer, and TESLA has announced that a Lithium refinery in North America will be constructed. US and Canadian governments are pushing for production of this vital Lithium.
GOAT Industries looks to lead the way aggressively expanding its portfolio of Lithium projects to become the World's Greatest Of All Time, (GOAT), Lithium company.
In Proximity: Patriot Battery Metals
Direct Lithium Extraction
Properietary Lithium Extraction Technology
GOAT has a Canadian license for a lithium solvent extraction technology from Ekosolve, a company based in Australia. The technology is a result of four years of research and development by the University of Melbourne's Chemical Engineering Department.
The technology is more cost-effective and efficient than other extraction methods, with high lithium yield rates and reduced operating costs. It also does not require evaporation ponds, making it more environmentally friendly.
Lithium, like copper, is a crucial component in the functioning of electric vehicles. It is the key element in the batteries that power the electric motors and store energy for the vehicle to use. The amount of lithium used in an electric car's battery is substantial, making it a vital component in the shift towards a more sustainable future.
Lithium-ion batteries are also used in other electronic devices like smartphones, laptops and power tools. The increasing demand for electric vehicles is driving an increased demand for lithium, making it an important commodity in the market.