Manning is led by a seasoned management team with a clear focus on driving value to shareholders through actively exploring its lithium assets in Quebec, Ontario and Newfoundland.
Manning is focused on driving shareholder value through the exploration and discovery of Energy Metals, critical materials needed to power the new energy paradigm.
Lithium and associated materials will continue to be at the forefront of global commodity demand for decades to come.
We seek out geologically favorable ground that is both highly prospective and underexplored and through intelligent, methodical exploration we pursue impactful resource discovery.
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"The voyage of discovery is not in seeking new landscapes but in having new eyes."
- Thomas Edison
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LITHIUM
The Lithium rush is being impacted by:
1
The exponential rise in
2
Increasing number of battery
3
Price of
EV sales which are
mega factories (200 mega
batteries
becoming increasingly
factories in the pipeline for
falling (80%
incentivized by
2030 - 60% of which are
decline
governments
already operational)
since 2013)
There are two main forms of economic Lithium:
Hard Rock Deposits or Brines
Hard Rock Lithium:
Typically, mineralization occurs as Lithium-Cesium-Tantalum (LCT) style spodumene bearing pegmatites.
81%
of lithium
consumption
used in
Batteries
Lithium bearing rocks can be processed into either lithium carbonate or lithium hydroxide while brines can initially only be processed into lithium carbonate (Li2CO3), which can then be further processed into lithium hydroxide (LiOH)
Spodumene bearing pegmatites are important sources of hard rock lithium. With rising EV demand lithium hydroxide and lithium carbonatite prices have risen by over 200% during 2021. Despite the price rises the forecast lithium market imbalance will continue to increase dramatically in coming years
(Allkem, CEO Presentation, 2021)
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MARKET SECTOR
It's the right time to develop lithium projects to meet the current supply gap, caused
by the shift to batteryLithium Demand for Lithium-ion Batteries (tonnes) Lithium Supply Forecast (Million tonnes LCE) powered vehicles and battery
storage.
Lithium-ion battery demand expected to increase by over 900% in the next decade
Lithium is a catalyst in the Electric Vehicle (EV) in the transition to clean energy
With 88% of global lithium production occurring in Australia, Chile & China, a new emphasis on North American lithium exploration is emerging to reduce the greater than 50% import reliance on lithium.
Forecasted Supply Deficit
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PROJECTS
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Manning Ventures Inc. published this content on 13 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 September 2023 18:34:03 UTC.
Manning Ventures Inc. is a mineral exploration and development company. The Company is in the exploration stage and its principal business activity is the sourcing and exploration of mineral properties. It holds a 100% interest in the Bounty Lithium Project and the Dipole Lithium Project. The Company also retains interest in six iron ore properties located in the Province of Quebec, and portfolio of polymetallic projects in Newfoundland, including Lac Simone, Hope Lake, Broken Lake, Heart Lake, Hydro, Butterfly Pond, Mount Hogan, Red Indian Lake, and Little Sheep Brook. Bounty Lithium is located within the Eastmain Greenstone Belt in the James Bay Pegmatite District of west-central Quebec, containing 89 mineral claims totaling 4,659 hectares. The Dipole property is located approximately 50 kilometers (kms) along strike from the Kraken discovery and within the Hermitage flexure. The Lac Simone Property is situated approximately 2-to-10 km south of Fermont, QC.