The Northwest Territories has been identified as a potential region for lithium exploration by North Arrow Minerals CEO Ken Armstrong. Speaking at an industry conference, Armstrong pointed to the significant resources of lithium—an essential component in the production of electric vehicle batteries and other technologies.
In his remarks, Armstrong called attention to the vast resources of lithium in the Canadian north, saying “Lithium is widely reported to be one of the hottest commodities of the 21st century.” Noting that the Northwest Territories contains large deposits of lithium-bearing rocks, Armstrong suggested that these deposits could be tapped by North Arrow Minerals as part of their exploration efforts.
Armstrong highlighted the “significant benefits” that could result from lithium exploration in the Northwest Territories. These include job creation and economic development in remote and northern regions, as well as the potential to stimulate the development of green technologies. According to Armstrong, “Lithium-ion batteries are seen as a cornerstone technology of devices like EVs, and tapping into the Northwest Territories’ lithium could help spur on the EV revolution in Canada.”
Additionally, Armstrong noted that North Arrow Minerals has already begun exploring the region, announcing that the company has established a research and development program on their Archer land package in the Northwest Territories. North Arrow Minerals is one of the few Canadian companies to have acquired a large and contiguous lithium land package in the Northwest Territories.
The news from North Arrow Minerals indicates that the Northwest Territories is emerging as an attractive region for lithium exploration. With its abundant lithium resources and potential for environmental and economic development, the Northwest Territories is quickly establishing itself as a hot spot for lithium exploration.