Lithcor is a private Canadian based exploration company focused on the retrieval of multiple mineral reserves from subsurface brines across the Western Canada Sedimentary Basin as well as alternate prospective sources with minimal surface and environmental impact.
Lithium is one of the world’s fastest growing commodities, growing in value at around 18% every year. This is due to the persistent and increasing demand for lithium ion batteries to power a variety of electronic devices ranging from smartphones to laptops to electric vehicles. Smartphones contain between 2 grams to 5 grams of pure lithium while electric vehicles contain 10,000 times that.
Lithium-ion batteries make up 35% of total use of mined lithium worldwide, Deutsche Bank has estimated this will increase to 70% by 2025. Other applications for lithium are lubricant greases, glass, ceramic glazes and health products.
We are the next generation in mining exploration and technology harnessing decades of operational expertise in the energy industry and have developed a separation technology with a capacity of 100,000 barrels per day. New innovations to follow which will increase the output.