Red Bullets
01-01-2022, 02:19 AM
Thought this could make for some conversation...
I read an earlier thread with the guy blowing up his tesla car because the batteries were so expensive. Because of the transition from combustion engines and the demand for electric vehicles the industry needs lots of lithium for batteries. The more electric vehicles sold globally will require mega tons of lithium.
Just so happens there is an Alberta based company that already has dibbs many thousands of acres in the Leduc oilfields to produce lithium utilizing existing oilfield infrastructure and geo testing knowledge.
Am I just behind the times or has this been mentioned in media or gov't public releases? I wonder if any landowners were even consulted?
And I quote from this link about E3 Metals based in Calgary. https://investingnews.com/innspired/lithium-extraction-resources-in-albertas-oil-fields/
"E3 Metals holds a direct extraction lithium brine project covering about 1.4 million acres of the Leduc Reservoir in Alberta, Canada. The project has a NI 43-101-compliant inferred resource of 6.7 million tons of lithium carbonate equivalent delineated to date."
"Environmentally speaking, compared to hard rock mining and evaporation ponds, lithium extraction from oil field brine has a much smaller footprint. Direct extraction from oil field brines uses a closed-loop approach that does not require a large land disturbance for an open-pit mine or an evaporative pond."
It says it has a much smaller footprint. That is saying it has a footprint.
Could be a good resource to harvest with the market at 8K per ton and rising. Utilize our oilfield workers and their expertise and create some jobs. Could also become a big environmental mess if there is compromises to the project.
I wonder if the landowners with mineral or surface rights in the Leduc oilfield are being offered any cash to lease for this mining or if they were even consulted? Many of the original oilfield leases in the Leduc oilfield were 99 year leases and have 20 some years left. Is this mining going to bypass the land owner compensation and piggyback on the old oilfield leases? I ask because I am naïve. Maybe an affected landowner with chime in.
Should Alberta start mining lithium in a big way as the new resource so the pigs can get back to a trough? Should this be an Alberta owned and developed by Albertans resource, or allow foreign investment to get their hooks into it? IMO I think Albertans could be sitting good if they regulate the boom and bust cycles.
Anyways I found it interesting and maybe worthy of discussion. I knew there have been many test holes done around Alberta that tested for lithium and there is lots of lithium in different areas.
I read an earlier thread with the guy blowing up his tesla car because the batteries were so expensive. Because of the transition from combustion engines and the demand for electric vehicles the industry needs lots of lithium for batteries. The more electric vehicles sold globally will require mega tons of lithium.
Just so happens there is an Alberta based company that already has dibbs many thousands of acres in the Leduc oilfields to produce lithium utilizing existing oilfield infrastructure and geo testing knowledge.
Am I just behind the times or has this been mentioned in media or gov't public releases? I wonder if any landowners were even consulted?
And I quote from this link about E3 Metals based in Calgary. https://investingnews.com/innspired/lithium-extraction-resources-in-albertas-oil-fields/
"E3 Metals holds a direct extraction lithium brine project covering about 1.4 million acres of the Leduc Reservoir in Alberta, Canada. The project has a NI 43-101-compliant inferred resource of 6.7 million tons of lithium carbonate equivalent delineated to date."
"Environmentally speaking, compared to hard rock mining and evaporation ponds, lithium extraction from oil field brine has a much smaller footprint. Direct extraction from oil field brines uses a closed-loop approach that does not require a large land disturbance for an open-pit mine or an evaporative pond."
It says it has a much smaller footprint. That is saying it has a footprint.
Could be a good resource to harvest with the market at 8K per ton and rising. Utilize our oilfield workers and their expertise and create some jobs. Could also become a big environmental mess if there is compromises to the project.
I wonder if the landowners with mineral or surface rights in the Leduc oilfield are being offered any cash to lease for this mining or if they were even consulted? Many of the original oilfield leases in the Leduc oilfield were 99 year leases and have 20 some years left. Is this mining going to bypass the land owner compensation and piggyback on the old oilfield leases? I ask because I am naïve. Maybe an affected landowner with chime in.
Should Alberta start mining lithium in a big way as the new resource so the pigs can get back to a trough? Should this be an Alberta owned and developed by Albertans resource, or allow foreign investment to get their hooks into it? IMO I think Albertans could be sitting good if they regulate the boom and bust cycles.
Anyways I found it interesting and maybe worthy of discussion. I knew there have been many test holes done around Alberta that tested for lithium and there is lots of lithium in different areas.