Discovery Lithium Inc. holds a 100% interest in a combined total of approximately 164,283 hectares (~405,952 acres) located in the Nunavik region of Northern Quebec.
The Company further holds a total of 303 mineral claims comprising approximately 16,392 hectares (~40,505.5 acres) identified as the Route De Nord, Lac Belanger, Lac Ferland and Lac Roberston properties located across the northern and eastern regions of Québec – including the prolific lithium district of the James Bay region.
POSITIONED TO SUPPLY THE GROWING QUEBEC AND US MARKETS
Where demand meets supply
Quebec Provincial Lake Sediment Database Points The Way
Lithium assays identified in 132,940 samples (out of ~175,000 province-wide).
The Discovery Lithium claims include top lake sediment anomalies (99.9%) of the entire provincial database.
SCIENCE DRIVEN PROSPECTING
Geochemistry indicates an uncommon area-wide abundance of high percentile lithium and cesium anomalies in lake bottom sediments as identified in official Quebec government datasets.
ECONOMICS-DRIVEN OPPORTUNITY
The region is host to two established nickel mines, dedicated airfields and a deepwater shipping port.
All prices in US dollars. Source: statista.com
Territory is under treaty (JBNQA & NEQA) – Modern agreement with clear mechanisms in place for indigenous dialogue, consultation, and resource management.
Quebec government’s Société du Plan Nord mandated to promote investment in northern development:
From deep in the Yukon, Shawn Ryan earned his reputation as an extremely successful prospector.
An expert team working alongside renowned prospector, Shawn Ryan.
We’re following the science here and it’s extremely compelling…
| Company Name/Address: |
Discovery Lithium Inc. 1450 - 789 West Pender Street, Vancouver, BC V6C 1H2 Canada |
| Ticker Symbols: | CSE: DCLI | OTCQB: DCLIF | FRA: Q3Q0 |
| CUSIP: | 25472M107 |
| ISIN: | CA25472M1077 |
| WKN: | A3EFKA |
| Date/Place of Formation: | October 26, 2021 - British Columbia, Canada |
| Financial Year End: | January 31 |
| Industry Classification: | Mining |
| Auditor: | DeVisser Gray LLP |
| Transfer Agent: | Endeavor Trust Corporation |
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Mineral exploration and development are highly speculative and are characterized by a number of significant inherent risks, which may result in the inability to successfully develop projects for commercial, technical, political, regulatory or financial reasons, or if successfully developed, may not remain economically viable for their mine life owing to any of the foregoing reasons. There is no assurance that Discovery Lithium Inc. (the “Company”) will be successful in achieving a return on shareholders’ investment and the likelihood of success must be considered in light of the early stage of operations.
The Company’s ability to identify Mineral Resources in sufficient quantity and quality to justify development activities and/or its ability to commence and complete development work and/or commence and/or sustain commercial production operations at any of its projects will depend upon numerous factors, many of which are beyond its control, including exploration success, the obtaining of funding for all phases of exploration, development and commercial mining, the adequacy of infrastructure, geological characteristics, metallurgical characteristics of any deposit, the availability of processing technology and capacity, the availability of storage capacity, the supply of and demand for lithium and other minerals, the availability of equipment and facilities necessary to commence and complete development, the cost of consumables and mining and processing equipment, technological and engineering problems, accidents or acts of sabotage or terrorism, civil unrest and protests, currency fluctuations, changes in regulations, the availability of water, the availability and productivity of skilled labour, the receipt of necessary consents, permits and licenses (including mining licenses), and political factors, including unexpected changes in governments or governmental policies towards exploration, development and commercial mining activities.
Furthermore, cost over-runs or unexpected changes in commodity prices in any future development could make the projects uneconomic, even if previously determined to be economic under feasibility studies. Accordingly, notwithstanding the positive results of one or more feasibility studies on the projects, there is a risk that the Company will be unable to complete development and commence commercial mining operations at one or more of the mineral properties which would have a material adverse effect its business, financial condition, results of operations and prospects.
For a more comprehensive overview of the risks related to the Company’s business, please review the Company’s continuous disclosure documents, each filed under the Company’s profile at www.sedarplus.ca.
