“This is an important decision for Canada,” Minister of Natural Resources Jonathan Wilkinson said in a statement. “The James Bay Lithium Mine Project will produce a key ingredient of clean technology like electric vehicle batteries and solar panels.”
Galaxy also owns its flagship Mt Cattlin mine in Western Australia and the Sal de Vida project, located in Catamarca Province on the Salar del Hombre Muerto, approximately 1,400km northwest of Buenos Aires, Argentina.
The Government of Canada recently announced its Critical Minerals Strategy in which lithium is listed as one of six top critical minerals due to its importance in the clean technology sector, in particular the manufacturing of rechargeable batteries for hybrid and electric vehicles.
(With files from Reuters)