By Stephen Nakrosis
Avalon Advanced Materials and SCR-Sibelco NV have closed a joint venture deal to create Separation Rapids and develop a lithium mine in Ontario.
Separation Rapids will work to commercialize mineral assets at the Separation Rapids deposit near Kenora, Ontario, and at the Lilypad Project located near Fort Hope, Ontario, the companies said.
Sibelco will hold a 60% stake in the joint venture, while Avalon will hold the remaining 40%.
“Mineral output of petalite-lithium at Separation Rapids is expected to be sufficient to supply both the global glass and ceramics and North American EV battery markets,” the companies said.
The Lilypad Project consists of claims containing lithium, tantalum and caesium mineralized pegmatites, the companies said, adding “economic resources of caesium are very rare and Lilypad represents one of the very few known significant occurrences of this mineral in the world.”
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