Unlocking Québec’s Lithium Opportunity
BY Dominique Barker, CFO and Head of Sustainability, Lithium Royalty Corp
“Lithium Royalty Corp participated at the World Climate Foundation COP27 event in Sharm El-Sheikh alongside Sigma Lithium. We found the event insightful, forward thinking, and a great networking opportunity for us. We believe critical minerals are the keystone to advance the energy transition, and we expect the mining topic to grow in prominence at climate events such as COP28.”
– Ernie Ortiz, CEO, Lithium Royalty Corp
We believe in the potential to unlock Québec’s lithium opportunity, and to put the Province of Québec, along with Canada, on the map as a global leader in the electric vehicle (EV) battery manufacturing value chain.
The reasons are many: Québec has a long history of supporting mining projects, top-tier infrastructure, access to tidewater, abundant zero-emission electricity, a cooperative government that is willing to back the EV battery chain and, crucially, it is blessed with lithium resources that we believe are comparable to those of Australia, which to date has been the largest global producer of lithium. We see a path for Québec analogous to the lithium development history of Australia over this past decade – at least on the geology side – with the potential to make Québec a major global lithium producer.
Headwinds such as global political tensions and resource nationalism seem to be leading key original equipment manufacturer (OEM) players to look for alternatives to diversify their supply chains. Global companies are beginning to look to Québec (and Canada) as a safe and stable jurisdiction – proof points include several South Korean companies that have announced investments in Québec in 2023, as discussed in this paper.
In this paper, we discuss why Lithium Royalty Corp sees Québec as an attractive place to allocate our own capital, and why we expect Québec to be at the nexus of the energy transition globally over the next decade.
Read the White Paper here: https://bit.ly/LRCWhitePaper
About Lithium Royalty Corp
Lithium Royalty Corp (LRC) is a Canadian-based lithium-focused royalty company with a diversified portfolio of royalties on mineral properties around the world that supply and are expected to supply raw materials to support the electrification and decarbonisation of the global economy. LRC continues to construct a geographically diversified portfolio. Their royalty portfolio is composed of 32 royalties with 3 in production, 3 in construction and 26 in development or exploration, and are primarily located in Canada, Australia and the United States.
About the Author
Dominique is the Chief Financial Officer and Head of Sustainability at LRC. Dominique served as Head of Sustainability Advisory at CIBC Capital Markets. She joined the Capital Markets division after a ten year tenure at CIBC Asset Management, where she was portfolio manager of several funds, including real estate and social responsible investing mandates. During that time, she also led CIBC Asset Management’s efforts to incorporate environmental, social, and governance factors into all investment processes. Dominique’s prior experience includes investment banking, research, institutional equity sales, audit, and corporate advisory services at several well-known, international financial institutions and accounting firms. Dominique has a Masters of Business Administration in accounting from the University of Toronto and Bachelor of Science degree in Engineering (civil environmental) from Queen’s University. Dominique is also a CFA charter holder. Dominique is fluent in English and French.