LITHIUM: Yarmouth County deposit . . . Chinese are there!

LITHIUM: Yarmouth County deposit . . . Chinese are there!

Postby Oscar » Wed Jun 22, 2016 3:55 pm

Yarmouth County lithium deposit draws Chinese company

[ http://www.cbc.ca/news/canada/nova-scot ... -1.3644626 ]

There is an increased demand for the rare mineral used in electric car batteries and smart phones

By Paul Withers, CBC News Posted: Jun 20, 2016 10:05 PM AT| Last Updated: Jun 21, 2016 7:54 AM AT

A Yarmouth County lithium deposit first staked nearly two decades ago is attracting new interest as demand increases for the rare mineral used in electric car batteries and smart phones.

The deposit — the only one in the Maritimes — triggered a huge bulk sample order from an unidentified Chinese mining company, and hundreds of mineral exploration claims filed in just two days in April.

"It's the hot commodity now," veteran prospector John Wightman said.

Wightman, who is with Champlain Mineral Ventures, said he and his partners staked the original 1,500 hectare claim near the hamlet of Carleton in 1997. Now they're watching others jump into the area.

"There's been a big price push and that draws interest," the Bridgetown geologist said.

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[ http://www.cbc.ca/news/canada/nova-scot ... -1.3644626 ]
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