![\"midex](\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2023\/08\/MIDEXRE1-Fig1-Berens-Project-300x169.jpg\")
Midex Crescent Lake Project<\/h3>\n
In Q2-2023, Midex materially enhanced the company\u2019s lithium portfolio with the acquisition of 100% of the Crescent Lake Project from Antler Gold Inc. (TSXV: ANTL). The Crescent Lake Project is directly on strike with GT Metals\u2019 Seymour project and is located 250km north of Thunder Bay, Ontario.<\/p>\n
The highest recorded historic drilling intercept on the Midex claims, to date, was 1.17% Li2<\/sub>O along a 49m core length drilled down dip on the L61W areas East Pegmatite. Surface channels from the 2016 programme returned up to 3.14% Li2<\/sub>O over 1.2m in the Chappais Pegmatite. Previous personnel reported spodumene crystals in the Chappais Pegmatite measuring up to 50cm in length. A 4m-wide section of the L61W areas East Pegmatite assayed 1.64% Li2<\/sub>O, 0.078% Ta2<\/sub>O5<\/sub>, 2,270 ppm rubidium, 418 ppm caesium, and 256 ppm beryllium, from surface channel samples. Four spodumene-rich pegmatites occur along the 8km trend extending northeast from the GT Metals Seymour project. These pegmatites have seen very little historic exploration, and the 8km trend is essentially unexplored. The advancement of the lithium land rush in Ontario is set to change this.<\/p>\n
Over the remainder of 2023, Midex will focus exploration efforts on further delineating the existing known spodumene pegmatites, in addition to exploring for additional pegmatite occurrences.<\/p>\n
The importance of junior exploration companies for the future of lithium production<\/h3>\nSince Johan August\u2019s first discovery of lithium in Stockholm two centuries ago, lithium has never in its history experienced the demand it is enjoying today. Lithium\u2019s leap to the forefront of investors\u2019 radars is staggering, and global policy is paving a long runway for market demand. The intense focus on this soft, floatable metal is arguably on par with a wartime spike in the need for steel production.<\/p>\n
![\"Coarse](\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2023\/08\/MIDEXRE1-Fig2-Chappais-photo-Crescent-Lake-300x169.jpg\")
Fig. 2: Coarse spodumene mineralisation on Midex Chappais occurrence<\/figcaption><\/figure>\nThe surging demand for lithium, coupled with a severe supply deficit, is dramatically reconfiguring the traditional supply chain. The sector is moving towards a backward integration of the supply chain \u2013 an approach that closely mirrors the Henry Ford \u2018all-under-one-roof\u2019 model, which built the Ford empire a century ago. Automakers are now increasing their upstream investments and supply contracts to secure enough battery metals, like activities seen in the lithium land rush in Ontario. These actions will drive forward these companies\u2019 electric vehicle (EV) production profiles to meet the decarbonisation targets set by governments globally.<\/p>\n
The looming lithium supply deficit has substantially elevated and highlighted the importance of junior exploration companies and their critical role in delivering new lithium discoveries to meet demand and enable the global green transition. In addition to unprecedented demand for lithium, markets are just now beginning to experience unprecedented investment into lithium juniors. In 2013, there were 1,307 issuers on the TSX-V; 24 of which identified as lithium exploration companies. The total market cap of all issuers was $210,058,957, of which less than 2.0% represented lithium issuers. Fast forward a decade to Q2-2023, and there are 955 issuers on the TSX-V; 70 of which identify as lithium exploration companies. The total market cap of all issuers is $11,750,462,552, and 26% represents lithium issuers.<\/p>\n
An historic shift: Advancing a lithium land rush<\/h3>\nAs automakers and battery manufacturers become increasingly desperate for battery metals, it is reasonable to expect a historic shift in the way junior exploration companies are valued.<\/p>\n
The trending backward integration of supply chains is resulting in more funding flowing into mining for exploration and the development of new mining assets, and the optimisation of existing mining assets. As battery metal mining and refining processes mature and demand grows, direct partnerships between miners and end users will become far more common.<\/p>\n
![\"Lithium,Element,Symbol,From,The,Periodic,Table,Near,Metallic,Lithium\"](\"https:\/\/www.innovationnewsnetwork.com\/wp-content\/uploads\/2023\/08\/MIDEXRE1-shutterstockJuan-Roballo_2161731791-300x169.jpg\")
\u00a9 shutterstock\/Juan Roballo<\/figcaption><\/figure>\nAsset quality and location, location, location<\/h3>\nMidex has assembled one of the largest, highest quality, royalty-free lithium project portfolios in the lithium land rush area of Ontario, strategically positioned to leverage the future advantages Ontario will have in terms of concentrator, chemical plant, and transportation routes. There is no other location in North America \u2013 and few locations in the world \u2013 where a major automotive manufacturing ecosystem contains a major technology ecosystem, that is connected to a rich supply of raw materials to feed the entire ecosystem.<\/p>\n
Please note, this article will also appear in the fifteenth\u00a0edition of our\u00a0quarterly publication<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"
The surging demand for lithium, coupled with a severe supply deficit, is dramatically reconfiguring the traditional supply chain. The sector is moving towards a backward integration of the supply chain \u2013 an approach that closely mirrors the Henry Ford \u2018all-under-one-roof\u2019 model, which built the Ford empire a century ago. Automakers are now increasing their upstream investments and supply contracts to secure enough battery metals, like activities seen in the lithium land rush in Ontario. These actions will drive forward these companies\u2019 electric vehicle (EV) production profiles to meet the decarbonisation targets set by governments globally.<\/p>\n
The looming lithium supply deficit has substantially elevated and highlighted the importance of junior exploration companies and their critical role in delivering new lithium discoveries to meet demand and enable the global green transition. In addition to unprecedented demand for lithium, markets are just now beginning to experience unprecedented investment into lithium juniors. In 2013, there were 1,307 issuers on the TSX-V; 24 of which identified as lithium exploration companies. The total market cap of all issuers was $210,058,957, of which less than 2.0% represented lithium issuers. Fast forward a decade to Q2-2023, and there are 955 issuers on the TSX-V; 70 of which identify as lithium exploration companies. The total market cap of all issuers is $11,750,462,552, and 26% represents lithium issuers.<\/p>\n
An historic shift: Advancing a lithium land rush<\/h3>\nAs automakers and battery manufacturers become increasingly desperate for battery metals, it is reasonable to expect a historic shift in the way junior exploration companies are valued.<\/p>\n
The trending backward integration of supply chains is resulting in more funding flowing into mining for exploration and the development of new mining assets, and the optimisation of existing mining assets. As battery metal mining and refining processes mature and demand grows, direct partnerships between miners and end users will become far more common.<\/p>\n
\u00a9 shutterstock\/Juan Roballo<\/figcaption><\/figure>\nAsset quality and location, location, location<\/h3>\nMidex has assembled one of the largest, highest quality, royalty-free lithium project portfolios in the lithium land rush area of Ontario, strategically positioned to leverage the future advantages Ontario will have in terms of concentrator, chemical plant, and transportation routes. There is no other location in North America \u2013 and few locations in the world \u2013 where a major automotive manufacturing ecosystem contains a major technology ecosystem, that is connected to a rich supply of raw materials to feed the entire ecosystem.<\/p>\n
Please note, this article will also appear in the fifteenth\u00a0edition of our\u00a0quarterly publication<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"