Expert Insights: Battery Metals - Quebec Mining 2022

Expert Insights:

Battery Metals

What do industry experts have to say about the battery metals sector?

“Climate change is forcing economies to transition away from fossil fuels towards low carbon energy sources. Whether we look at wind or solar energy, it will need to be stored for times when the wind is not blowing or the sun is not shining, and these strategic metals play a crucial role.”

Troy Boisjoli, President & CEO, Murchison Minerals

“Manganese is known as the once forgotten, now remembered mineral, which I believe will end up as the defining mineral of the 2020s because of how economical and stable it is. Our continent desperately needs its own supply, especially as North American markets place heightened importance on ESG standards.”

Martin Kepman, CEO, Manganese X

“These metals are heavy and expensive to move, so you want to have the supply close to where you are using the metal to build batteries. There are several established battery centers in the US, and there have been plants announced in both Québec and Ontario.”

Nicole Brewster, President & CEO, Renforth Resources

“The rush for strategic minerals, especially battery metals, is the most important push the industry has seen in at least a decade. Québec has everything it needs to set up a complete value chain, from ore extraction and refining to battery manufacturing and recycling.”

Jean-François Béland, Vice-president, Ressources Québec

“Over the past 12 months, the momentum for metals used in the energy transition has only increased. If you spoke with investors five years ago about lithium, most of them would not understand or would be careful about investing in lithium companies. Today, lithium is well understood by investors, and good lithium projects can find capital.”

Pascal Lussier Duquette, Managing Director of Investment Banking – Metals & Mining, BMO Capital Markets

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