Prospecting permit granted for Lithium exploration
A locally registered company has been granted a special prospecting permit to continue exploring for lithium in Guyana following a significant discovery late last year.
Natural Resources Minister Raphael Trotman told Guyana Times that the company will also be exploring for other minerals and then provide a report to the Ministry.
Based on the findings, Government will make a decision on whether the company
Securing a consistent supply of lithium is a top priority for technology companies around the world
can move into mining.
“We are hoping that in a few months we’ll get some updates,” Trotman stated.
He explained that substantial deposits of lithium were unearthed in Regions One (Barima-Waini) and Seven (Cuyuni-Mazaruni) particularly.
Lithium is a chemical element that is derived from stone. It is used in rechargeable batteries found in mobile phones, laptops, digital cameras, electrical vehicles, pacemakers, toys and clocks.
Given the growing importance of energy metals and lithium-ion batteries, securing a consistent supply of lithium is a top priority for technology companies around the world.
Lithium’s uses extend far beyond rechargeable batteries, but many predict that this application will dominate demand for the metal in coming years.
Lithium is also used in everything from glass and ceramics to grease and polymers. It’s even used in medicine to treat bipolar disorder.
