- Ardiden (ADV) has updated the market regarding its Lithium Projects in northwest Ontario, Canada
- The company holds three high-grade, low impurity lithium projects, which span 95 square kilometres
- As outlined at the Prospects and Developer Association of Canada Conference, the demand for lithium is increasing to support the transition to a low-emissions economy
- Ardiden is evaluating its lithium projects to unlock shareholder value, assessing potential sales, joint ventures, business collaborations and spin-offs
- Shares in Ardiden are up 5.26 per cent on the market and are trading at 2 cents
Ardiden (ADV) has updated the market regarding its Lithium Projects in northwest Ontario, Canada.
The company holds three high-grade, low impurity lithium projects, which span 95 square kilometres.
This group of projects includes a JORC resource of 4.8 million tonnes at 1.25 per cent lithium oxide and an exploration target of 4.5 to 7.2 million tonnes at 0.8 to 2 per cent lithium oxide at the Seymour Lake Lithium Deposit.
In November 2017, metallurgical testwork at Seymour produced more than 99.5 per cent pure standard battery-grade lithium carbonate product.
As outlined at the Prospects and Developer Association of Canada Conference, the demand for lithium and other critical minerals is increasing to support the transition to a low emissions economy.
Ardiden is evaluating its lithium projects to unlock shareholder value, assessing potential sales, joint ventures, business collaborations and spin-offs.
“Ardiden is well-positioned to extract benefit from re-invigorated interest in the critical minerals sector. Lithium is a key ingredient in rechargeable batteries used in electric vehicles [EVs],” Managing Director Rob Longley said.
“The company’s three high-grade lithium projects are in close proximity and are well connected to the rapidly expanding U.S. EV battery market,” he added.
Ardiden is up 5.26 per cent and shares are trading at 2 cents at 11:43 am AEDT.