Access to funding for early stage exploration is key to developing a domestic supply chain for lithium in the US, according to Charles FitzRoy, CEO of Bradda Head Lithium(TSXV:BHLI,OTCQB:BHLIF,AIM:BHL).
“We’re trying to get funding available for early stage projects. I think that the key thing the US has to do to develop its supply chain is to help fund early stage projects, not just projects which are shovel ready,” FitzRoy said, commenting on the widening gap between lithium supply and demand and the efforts by governments to secure domestic supply of critical minerals.
The chief executive explained that increasing demand for lithium in recent years and the insufficient supply response should cause governments to encourage more mineral exploration to increase supply.
“The US has a very small amount of lithium production right now. A lot of projects are being developed, whether clay projects, brine projects and also pegmatites now in the US, and that’s where we fit in. We are developing projects in the US for the US market. And we’re very excited to get going on getting our products to the market as quickly as we can,” FitzRoy said.
Watch the full interview with Bradda Head Lithium CEO Charles FitzRoy above.
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