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  • Pages
  • Editions
01 Cover
02 Welcome Letter / Sections
03 Article & Interview Directory
04 Section 1: Introduction
05 Introduction to Mining in Ontario
06 Government of Ontario Interview
07 Ontario Mining Association (OMA) Interview
08 Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Interview
09 Navigating Uncertainty
10 Ormston List Frawley LLP Interview
11 PDAC Interview
12 Section 2: Production and Development in Ontario
13 Production in Ontario
14 Map of Ontario Mines
15 Newmont Interview
16 Barrick Gold Interview
17 Wesdome Gold Mines Interview
18 Alamos Gold Interview
19 Evolution Mining Interview
20 A New Wave of Ontario Gold Mines
21 Argonaut Gold Interview
22 Equinox Gold Interview
23 Industry Thoughts: Production and Development in Ontario
24 Section 3: Mining Finance
25 Mining Finance and Investment
26 Insights from the Toronto Stock Exchange
27 PearTree Securities Interview
28 Triple Flag Interview
29 Red Cloud Securities Interview
30 IBK Capital Interview
31 Stifel Interview
32 Roth Canada Interview
33 Industry Thoughts: Mining Finance Trends
34 Section 4: Toronto's Global Reach
35 Toronto’s Global Reach
36 Toronto's Global Reach Map
37 Rupert Resources Interview
38 Eloro Resources Interview
39 Industry Thoughts: Global Operations Based in Ontario
40 Eyes on Latin America
41 Torex Gold Resources Interview
42 Minera Alamos Interview
43 Sable Resources Interview
44 Section 5: Junior Exploration
45 Junior Exploration
46 Great Bear Resources Interview
47 Exploring Across Canada
48 O3 Mining Interview
49 Purepoint Uranium Group Interview
50 ALX Resources Interview
51 Industry Thoughts: Gold Juniors Have Their Say
52 Gold Juniors Replacing Depleting Resources
53 Moneta Gold Interview
54 Goldshore Resources Interview
55 Galleon Gold Interview
56 Element79 Gold Interview
57 Signature Resources Interview
58 Section 6: ESG and the Battery Materials Supply Chain
59 Transition Metals on the Rise
60 Conquest Resources Interview
61 Generation Mining Interview
62 Inventus Mining Interview
63 Noble Mineral Exploration Interview
64 The Move to Combat Climate Change Gathers Pace
65 Insights from Onyen Corporation
66 Thorn Associates Interview
67 Leading the Charge
68 Electra Battery Materials Interview
69 Frontier Lithium Interview
70 Industry Thoughts: Entering The Transition Economy
71 The Battery Material Supply Chain
72 ION Energy Interview
73 Clean Air Metals Interview
74 Section 7: Services, Technology and Innovation
75 Engineering, Construction & Consultancies
76 Ausenco Interview
77 Cementation Americas Interview
78 PCL Construction Interview
79 Redpath Mining Interview
80 Technological Advancements & Innovation
81 Industry Thoughts: Canadian Associations
82 EY Interview
83 Maestro Digital Mine Interview
84 Centric Mining Systems Interview
85 Industry Thoughts: OEMs Have Their Say
86 Drone Delivery Canada Interview
87 Sofvie Interview
88 Novamera Interview
89 Industry Thoughts: Paving the Way for ESG Reporting
90 Section 8: Company Profiles
91 Wesdome Company Profile
92 ION Energy Company Profile
93 PearTree Securities Company Profile
94 Ormston List Frawley Company Profile
95 Maestro Digital Mine Company Profile
96 Sofvie Company Profile
97 Credits

Ali Haji CEO,

ION ENERGY

"ION Energy is looking to bring on a resource in Asia which will allow Asian manufacturers to obtain the necessary lithium for battery manufacturing within their own continent, as opposed to importing from Australia or Latam."

What have been the main milestones achieved by ION Energy since listing publicly on the TSX-V?

Since then, our major achievements included listing publicly on the Frankfurt Stock Exchange, as well as adding some of the leading names in the lithium space to our team. We started exploration shortly after going public, conducting a micro-seismic and geophysics program on our Baavhai Uul flagship project in October 2020, obtaining results that allowed us to dictate where drilling would start. In November 2020, the government of Mongolia instituted its first lockdown since the pandemic began which delayed field work. However, we used this hiatus to look at acquisitions in-country for additional licenses and to ensure that we were upgraded to the OTCQB.

In February 2021, we were looking to raise C$3 million in a bought deal financing co-led by PI Financial and Stifel GMP. In less than eight hours, we had demand for C$10 million, but decided to take C$5 million with a C$750,000 over-allotment option to bring in C$5.75 million at C$0.50 per unit with a C$0.70 warrant. The demand was exhilarating, but we had to play the balancing act to ensure that we maintained shareholder value without dilution. Once the deal closed in March, our team was able to fulfill our shareholder commitment to pursue an aggressive growth strategy.

Can you outline ION Energy’s exploration work?

Drilling at Baavhai Uul commenced in May, with the primary objective of determining exactly where the aquifers were below surface. The collection of core samples and sediments have been completed and submitted to SGS Laboratories for assaying results. Importantly, the drilling proved the hypothesis that brines do in fact exist at Baavhai Uul. The next exploration steps are to use additional hydrogeological and auger sampling to pull up brines from specific depths to arrive at an average grade and reach an early resource indication.

We also acquired the Urgakh Naran license. The project covers approximately 20,000 hectares, situated in the arid and infrastructure-rich region of the South Gobi Desert. Urgakh Naran is highly prospective for lithium brine, and a fast-tracked drilling and geophysics exploration program commenced in September 2021.

How does ION Energy’s position next to the Chinese border benefit the company?

China today has 75% of the world’s giga-factories, which means they are producing the vast majority of batteries that are used worldwide. Meanwhile, Chinese automotive manufacturers are selling more EVs per capita than anywhere else in the world. Our macro view is that we will see continued and significant lithium demand from the Chinese market in the near term, which will increase substantially in the mid to long term as the EV movement gathers pace. ION Energy is looking to bring on a resource in Asia which will allow Asian manufacturers to obtain the necessary lithium for battery manufacturing within their own continent, as opposed to importing from Australia or Latam.

Can you elaborate on how you intend to advance the project in 2022?

We expect sampling at both Baavhai Uul and Urgakh Naran to be completed by Q1 2022 to reach an early indication that will give a clear understanding of what the resource might be. We will also engage with strategic partners, allowing them to potentially have a toe-hold in the organization where we will leverage their strengths to better understand the profile of our assets.

Looking ahead, how could a producing lithium brine operation become a reality in Mongolia?

For lithium brine production to become a reality in Mongolia, government support is paramount. Mongolia today is a net importer of just about everything, and what better way to get the country on the map than collaborating with academia to develop batteries in-country that can be exported and add to the GDP? We are working with each of these stakeholders to ensure that the end product of the ION Energy story is an advantage to the Mongolian economy and its shift from fossil fuels to a cleaner energy transition.

VIEW COMPANY PROFILE

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Interview: Clean Air Metals