Snow Lake Lithium Ltd has signed a non-binding memorandum of understanding (MOU) with battery manufacturer LG Energy Solution to jointly develop a lithium hydroxide processing plant in Winnipeg, Canada.

Plans are for Snow Lake to supply LGES with lithium over a 10 year period once production starts in 2025. The mining company’s 55,000 acre site is expected to produce 160,000 tonnes of 6% lithium spodumene a year over the same period.

“We are delighted to collaborate with world-leading LG Energy Solution to build a rock to road battery supply chain for the electric vehicle market in North America,” said Philip Gross, CEO of Snow Lake Lithium. “Both Snow Lake Lithium and LG Energy Solution recognise the importance of local sourcing of critical raw materials, such as lithium, and that this is the logical step for battery and electric vehicle manufacturers.

“Our all-electric lithium mine in Snow Lake Manitoba will power five million electric vehicles over the next 10 years, helping to secure the future of the North American automobile market.”