At the heart of our company is a commitment to responsibly uncover Labrador’s critical metal deposits, driving technological progress while upholding the highest environmental and social standards
By 2035 electric vehicles will be produced yearly, an increase from <6.6 million in 2021
To reach net zero CO2 production, the mining industry needs to find and develop more mines.
In The Next 30yrs
We will need to mine more copper than has been mined in all of human history combined
60
New Nickel Mines³
17
New Cobalt Mines³
¹(2022) IEA Special Report: Global EV Outlook 2022
²(2022) IEA Special Report: The Role of Critical Minerals in Clean Energy Transitions
³(2022) IEA Special Report: Global Supply Chains of EV Batteries
Critical Metals used in Electric Vehicles
Cu
Copper
117 lbs
REE
Rare Earth Elements
1.1 lbs
Ni
Nickel
88 lbs
Li
Lithium
20 lbs
Critical Metals used for power generation, kg/mwh
Natural Gas
10%
Coal
15%
Nuclear
25%
Solar PV
35%
Onshore Wind
50%
Offshore Wind
75%
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