Champion Electric Metals is a discovery-focused exploration company that is committed to advancing its highly prospective lithium projects in Quebec, Canada and cobalt projects in Idaho, United States.
About Champion Electric Metals
The 100%-owned Lithium Project area in Quebec is comprised of and referred to as the Champion Electric Lithium Project, totaling 1036 claims (529.17 km2) as of July 2023. In addition, the Company owns the Baner gold project in Idaho County and the Champagne polymetallic project located in Butte County near Arco.
Champion Electric Metals strives to be a responsible environmental steward, stakeholder, and a contributing citizen to the local communities where it operates. Champion Electric Metals takes its social license seriously, employing local community members and service providers at its operations whenever possible.
The Company’s shares trade on the CSE under the trading symbol “LTHM”, on the OTCQB under the trading symbol “CHELF”, and on the Frankfurt Stock Exchange under the symbol “1QB1”.
Lithium and Cobalt Demand/Outlook
Shift to clean energy systems/decarbonization encourages utilizing rechargeable batteries and increases demand for energy storage.
Up to 2030 – 50 new Lithium mines and 17 new Cobalt mines are needed to meet global net carbon emissions goals (source: IEA).
Cobalt is an essential part to lithium-ion batteries, which provides EV’s with high energy density, longer life spans, and increased thermal stability.
Largest global use for lithium is to manufacture rechargeable batteries, 74% of the total demand (source Government of Canada).