Business Insights on The Lithium Triangle’s Explorers
The Race to Supply the next EV Battery
“CleanTech Lithium expects a minimum considered production of 20,000 t/y of lithium carbonate each from both Laguna Verde and Francisco Basin. In 2023, predicted CapEx was C$400 million for Laguna Verde and C$450 million for Francisco Basin. The Scoping Study attributed Laguna Verde with a Combined NPV for the two projects of was C$1.3 billion and with a 45.1% IRR, post-tax and royalties.”
Steve Kesler, Executive Chairman & Interim CEO, CleanTech Lithium
“Both projects recently underwent an initial exploration phase, revealing a promising maiden resources of 760,000 t lithium carbonate shared with our neighbor at Pocitos 1 and 457,000 t lithium carbonate on the Candela II project on the Salar Incahuasi.”
Nick Horsley, President and CEO, American Salars Lithium
“The initial phase of our plant aims to produce 25,000 t/y of LCE. The DFS was conducted based on a long-term lithium price forecast of US$30,000/t, which we anticipate the market reaching by 2028 due to an expected supply-demand imbalance. The project’s projected NPV exceeds US$2 billion, with CapEx estimated at US$1.38 billion and OpEx at US$6,000/t.”
David Dickson, CEO, Lake Resources
