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Old 10-04-2023, 01:34 AM
Sparty Sparty is offline
Join Date: Mar 2009
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Default Lithium Universe Li and REEs

Alex Hanly, CEO of Lithium Universe Limited (ASX:LU7), provides an update on the company's projects, discussing progress towards developing the Quebec Lithium Processing Hub.

Paul Sanger: Today, we're talking to Lithium Universe (ASX:LU7), which has a market cap of around $20m. Lithium Universe plans to construct a project in Quebec to assist Canada with its transition towards clean energy.

CEO Alex Hanly:

The project that we have down in Tasmania is called Voyager, and it is a rare earth project right next door to AVX Resource, which have a resource of about 27 million tonnes at the moment. And it's growing quite rapidly. So that's quite a large tenure down there in Tasmania. We've got a small position, a small lithium project near Bald Hill in Mt Marion. And then the focus in Canada is within Ontario and Quebec. In Margot Lake in Ontario, we've got a small project, about 27 square kilometres right next to Frontier Lithium's Spark and PAK deposits up in the Red Lake district. And then over in Quebec, all of our focus is currently within the Apollo Lithium Project situated in James Bay. And the Apollo Lithium Project, Paul, is situated right in the middle of Patriot Battery Metals Corvette and Winsome Resources Adina Project, within 30 kilometres of both.

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