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Brunswick Exploration (TSXV:BRW) President Killian Charles discussed the exploration company’s development in Eastern Canada. Calling it the, “green rush,” the push towards sustainability has driven unprecedented investment in the clean energy industry. The demand for critical minerals grows, with lithium paving the way. Brunswick Exploration advances this further through its pursuits of high-grade, hard-rock lithium.
Charles indicates that there are three known types of lithium deposits, with most of the industries focusing on only two types: clay and brine. The South American lithium triangle, including Argentina, Chile, Bolivia, are large, but contain very low-grade or water-intensive lithium in terms of processing, it’s obviously an arid region. The clay deposits, for which Nevada, is famed also have large-scale yet low-grade lithium supplies.
Canadian lithium prospecting company Brunswick Exploration pursues a third type of lithium source: pegmatite. This material is as much as 10-times richer in lithium than the other two sources. Charles notes, “The type of deposits that we’re looking for are pegmatites. We’ve really started to notice that systematic exploration is something that hasn’t happened yet in Quebec or in the Maritimes,” continuing to say, “We are first movers in that area — building an extremely large portfolio that has known pegmatite. We’ve just got to demonstrate that they contain lithium now.”
As for next steps for the pegmatite exploration, Charles says, “We are going to be the leaders on that front — everyone is focused on existing known assets, but very few companies are really pushing the boundaries. And that’s what Brunswick exploration has always been about. It’s about pushing the boundaries.”
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The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.