Mining company holds public engagement meetings before drilling for lithium mineral near Hidden Lake, N.W.T. – CBC
Jul 25, 2023
The hope for the project is to one day open a mine in the area
A company is taking steps to drill for spodumene, a mineral containing lithium deposits, close to Hidden Lake.
“I think it’s an amazing opportunity for the community, for the First Nations, for the country,” said Adam Ritchie, the managing director of Loyal Lithium.
Lithium is used to make batteries, including electric vehicle batteries. Ritchie said the demand for the mineral is increasing, which has increased its price. He said the mine would potentially create 200 jobs. He said previous mining tests from five years ago show that there is spodumene in the area.
The project is located near the end of Ingraham Trail, three kilometres east of Hidden Lake. It comes as a partnership between Loyal Lithium and another lithium hard rock exploration company called Patriot Battery Metals.
