Meet The Underdog Of The James Bay Region

Companies around the world are making a united effort to address and take action to save our planet as the world changes, and climate issues are a crucial topic across the board. None of the ambitious targets set by global governments are achievable without one metal especially; Lithium. 

While South America is famous for hosting lithium, the James Bay area in Québec has received major investor attention as of late with major deposits being found and multi-billion dollar companies already exploring the region. Junior exploration companies such as Arctic Fox Lithium (CSE: AFX) are not to be overlooked as they can provide investors with significantly more upside. 

Lithium Is One Of The Best Solutions Against Global Warming 

Lithium is a soft, silvery-white metal that is highly reactive. It is the lightest metal and has the lowest density of any solid element. 

Despite its low abundance, lithium is a highly sought-after metal due to its unique properties. Lithium is an excellent conductor of heat and electricity, and it has a high melting point. Lithium is also used in a variety of other applications, including ceramics, glass, and lubricants.

The demand for lithium is expected to grow significantly in the coming years as the world transitions to a more sustainable energy future. The global lithium market is currently valued at $4.65 billion, and it is expected to grow at a CAGR of 13.5% from 2023 to 2028.

Why Is The James Bay Area Important For Mining? 

Significant lithium deposits are known to exist in the James Bay region, and more continue to be found as companies pour millions into large-scale exploration programs.

The James Bay region is strategically located, giving it easy access to important North American and international markets. Companies as of late have seen massive amounts of investor interest in the region, most notably PMET seeing dramatic gains from .25c 18 months ago to a high of over $17:

• Patriot Battery Metals (TSX:V: PMET) is valued at $1.4B and is up 462% YoY.
• Critical Elements Lithium (TSX-V: CRE) is valued at $500M and up 85% YoY;
• Lithium Americas (TSX: LAC) is valued at $3.8B and up 6.5% YoY; 
• Sayona Mining (AX: SYA) is valued at $1.9B and down 10% YoY;

Arctic Fox Is An Underdog In The Area

Arctic Fox Lithium (CSE: AFX) is a junior mining exploration company exploring the James Bay Region. The company’s management team combines 100+ years of experience and, thanks to their expertise and relations, acquired skilled geologists to lead their boots on the ground exploration. The company’s primary goal is to explore hard rock lithium deposits, and with this target, Arctic Fox has acquired three highly-prospective Lithium bearing projects all of which are in James Bay. (See below image for their properties relative location within James Bay)

Kana Lake Lithium Property

The Kana Lake Lithium property holds a lot of promise and is the main target for Arctic Fox. The property covers 4,832 hectares through 91 mineral claims and is situated in the same area as Patriot Battery Metals’ Corvette property and could host the same lithium values. 

Thanks to a survey conducted by the Québec Ministère de l’Énergie et des Ressources Naturelles (MERN) during summer/fall 2022, a 6 Km-pegmatite trend and 10 pegmatite outcrops were identified all located within the property.  A follow-up ground study, which will include geological mapping and prospecting, soil and rock sampling, and will be finished in Q2 2023, is planned by Arctic Fox to help in tracing and verifying the pegmatite occurrences.

Investors can look forward to results from boots on the ground field work before the company finalizes their drill targets. The map below indicates visible pegmatite trends documented in the government report (over 30 outcrops and clusters).

Pontax North Lithium Project 

Arctic Fox’s second project is the 2,756-hectare Pontax North Lithium Project which consists of 52 active mineral claims and is located 12 kms south of Allkem Ltd’s. (ASX/TSX:ALLKEM) James Bay Lithium Project and 12 kms north of Stria Lithium Inc.’s (CSE:SRA) Pontax Lithium Project.

According to MERN again this zone is characterized by the abundance of S-type pegmatitic granite intrusions, a lithology known for its Be, Li, Nb, and Ta potential. Beryl (a beryllium silicate mineral). The Property is known to contain a 10 kms long pegmatite trend as mapped by MERN. Arctic Fox believes the area is underexplored with swarms of lithium-bearing granitic dykes present 12km north (Allkem) and 12km south (Stria) making it a priority target for the company. 

Allkem and Livent recently announced a definitive agreement to combine in an all-stock merger of equals valuing the combined company at US$10.6 billion. The merge creates a vertically integrated business model with the scale and expertise to meet the growing demand for lithium products.

Delta Lake Lithium Project

The 1,056-acre Delta Lake Lithium project is also situated in northern Quebec strategically located near Allkem and Critical Elements Lithium. A potential lithium zone on the Property’s northwest side can be found in a geological setting comparable to Allkem’s project. The Quebec Ministry of Energy and Natural Resources recognized the project S-type pegmatitic granite intrusions, which ended up showing the same potential as on the Pontax North Lithium Project project (Be, Li, Nb, Ta). Many outcrops in this zone have been found to contain beryl, a beryllium silicate mineral.

Adjacent properties to Delta have been progressing with Allkem proposing to develop a lithium mine at their James Bay project and Critical Elements is also anticipating to start production in around 21 months. Both these achievements would bring meaningful infrastructure into the region further reducing the cost of operations. 

A Strong and Experienced Team

Arctic Fox’s management boasts 100+ years of collective experience in financing, management, and mining exploration. 2 months ago, Arctic Fox welcomed Mr. Gary Claytens as a strategic advisor. He has over 35 years of public market experience acting as a senior officer and director of numerous issuers in the mining and oil and gas sectors. Recently, Mr. Claytens was instrumental in discovering a lithium brine deposit in Utah, USA, which is currently in the development stage.

“We are excited to add the wealth of knowledge that Mr. Gary Claytens brings to the Company. His experience in the lithium space is especially important to the Company as it seeks to advance its lithium projects in Quebec.”

Harry Chew, CEO and President

Why We Think (CSE:AFX) Is A Hot Stock Right Now

• Three, highly prospective hard-rock lithium projects all strategically located in Canada with multiple exploration programs upcoming
• The management team is experienced, combining more than 100 years of experience in financing, management, and mining exploration;
• The Kana Lake Lithium project hosts a 6 km long trend that has 10 pegmatite outcrops; 
• Lithium demand is expected to grow 12 percent per year to a 20 Billion dollar industry by 2030;
• The Kana Lake Lithium project hosts a 6 km long trend that has 10 pegmatite outcrops; 

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