OM1 0.00% 7.8¢ omnia metals group ltd

The Northwest Territories in Canada used to be boom town for...

  1. 4 Posts.
    The Northwest Territories in Canada used to be boom town for diamond exploration (still is, but diamonds are currently worthless) and now you have the new Lithium rush which is picking up lots of momentum, with Canadian Government incentives available there as well.
    " Accessible, highly mineralized lithium deposits provide a major opportunity for exploration companies to meet the needs of rapidly increasing market demand.
    As such, one of the most intriguing developments in the NWT’s mineral economy has been the discovery of high-quality lithium-cesium-tantalum (LCT) pegmatite deposits, akin to the Greenbushes mine in Western Australia, the world’s highest-volume lithium mine, and a mine in which Albermarle (NYSE:ALB) has a 49-percent stake. The discovery of these LCT pegmatite deposits is driving major interest in the NWT area for lithium extraction companies."

    Look at Canadian Company LIFT who are drilling in the NWT currently and they
    have a market cap of $275 million
 
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