Wasn’t the last time a Canadian company discovered an “inexhaustable supply” of some mineral it was a gold scam that was one of the biggest mining industry scams in history that scammed people out of their pensions?

Please, I would like to see chain-of-custody third party samples before jumping to conclusions.

That potential would place Cisco among the largest hard-rock lithium prospects now being tracked in the James Bay region.

That’s way less impressive than the headline makes it seem.

Lithium is quite rare. Essentially all the lithium that exists was created at the big bang, and since then the total supply has been diminishing with each generation of stars - they fuse lithium into heavier elements.

There’s less lithium all the time

…AND BC lumber, AND Ontario steel, AND maritime fish, AND everybodies’ water and minerals, etcetc

I call it “outsourcing profits”.

It’s 31st in the crust, there’s more than Lead.

Then it’s all over the world in other areas in higher concentrations like in brines (the easiest way for us to get it) or clays, and there’s over 200 billion tons of it in the ocean. Granted the ocean stuff would take some figuring out how to get, but it’s a ridiculous amount.

Whenever we go looking for it, we keep finding vast reserves of it.

Such as this just this month: https://finance.yahoo.com/news/1-5-trillion-lithium-deposit-114805186.html?guccounter=1

Edit: for the sea water stuff, capturing it as a side product of desalination or a next step in desalination might be a starting way to begin extracting it without massively increasing costs as some of the costs will already be part of desalination, which could help bring desalination costs down via another revenue stream.

This is just an ad for a satellite exploration company. It is not even that big a deal.

From the article, “That potential would place Cisco among the largest hard-rock lithium deposits now being tracked in the James Bay region.”

So, not even the biggest in the area.

Also, Sodium Ion is about to make Lithium much less of a big deal.

Still great economically but hardly as world changing as the headline makes out.

Wasn’t the last time a Canadian company discovered an “inexhaustable supply” of some mineral it was a gold scam that was one of the biggest mining industry scams in history that scammed people out of their pensions?

Please, I would like to see chain-of-custody third party samples before jumping to conclusions.

I wonder if Elon will call for couping Canada to gain access to it.

This is the part that I find interesting:

If Cisco ultimately proves its larger target, the project could anchor a domestic lithium supply chain linking Quebec mines and battery factories.

The federal and Ontario governments have said repeatedly that they want to build a lithium battery industry. I worry we are arriving too late now that Sodium Ion is upon us but I am probably being too pessimistic.

None of that depends on this deposit specifically though. Canada already has lots of Lithium reserves. Much of it is in the same district as this. Of course this could end up being the biggest and truly be “the anchor” I suppose.

This is just an ad for a satellite exploration company. It is not even that big a deal.

From the article, “That potential would place Cisco among the largest hard-rock lithium deposits now being tracked in the James Bay region.”

So, not even the biggest in the area.

Also, Sodium Ion is about to make Lithium much less of a big deal.

Still great economically but hardly as world changing as the headline makes out.

I am sure you are thinking of BreX.

Other than Canadian investors and mining as a general theme, I cannot think of a single reason to link the two stories.

Also, BreX never claimed “inexhaustible” anything and was certainly not “the last time” for anything either.

Canada has more mining companies and mining investment than any country in the world. These kinds of discoveries are common-place. There have been many, many discoveries and success stories in the decades since BreX.

And this is just another Lithium deposit. Not the biggest in the world and probably not even the biggest in the James Bay district.

Congrats on being the only person that apparently read the article before commenting.

Sodium Ion is about to make Lithium much less of a big deal.

Sodium Ion is great diversity source for batteries, but they are inferior in many respects.

The federal and Ontario governments have said repeatedly that they want to build a lithium battery industry. I worry we are arriving too late now that Sodium Ion is upon us but I am probably being too pessimistic.

None of that depends on this deposit specifically though. Canada already has lots of Lithium reserves. Much of it is in the same district as this. Of course this could end up being the biggest and truly be “the anchor” I suppose.

Other than “energy density” they’re better in every way imo. Safer, cheaper, more sustainable, wider operating temp range, big fan