Renowned as a mining-friendly jurisdiction due to its attractive regulatory environment and supportive government policies.
A long history of mining dating back centuries, providing experience in balancing economic development with environmental and social considerations.
The regulatory framework is transparent and efficient, offering clear guidelines for exploration and mining operations, reducing uncertainty for investors.
The Nova Scotia Government actively encourages mineral exploration and development through various incentive programs and grants.
Nova Scotia
World-class infrastructure
Strategic location: Nova Scotia's proximity to major shipping lanes and access to international markets makes it a convenient location. Yarmouth Port is 25km from the deposit connecting to the Atlantic Ocean.
Well-developed transportation network: The province boasts a well-connected transportation network, including highways, railways, and ports.
Skilled workforce: Nova Scotia has a skilled labour force with experience in the mining industry, providing access to the necessary expertise and knowledge.
Supportive government policies: The government of Nova Scotia has implemented supportive policies that encourage investment in mining, fostering an environment conducive to growth and development in the sector.
Market Outlook
Right Time, Right Place
The North American continent is experiencing once-in-a-generation growth as the USA and Canada re-establish their industrial base in efforts to "decarbonise the economy" as the globe shifts to low-carbon alternatives for power generation, storage and transportation networks - the key drivers behind the rapid growth of EV adoption requiring increasing volumes of lithium-ion batteries (LIB).
Building LIB supply chain resilience is only possible when underpinned by a reliable source of lithium from stable and transparent jurisdictions, for which Nova Scotia is perfectly positioned in terms of geographical location and westernised regulatory environment.
While all projections and forecasts for critical minerals differ in terms of the absolute supply / demand balance, there is growing consensus that the supply / demand gap will exist well into the 2030s as supply struggles to match the growing demand. Benchmark Minerals have stated publicly that an increase in EV penetration from 9% in 2023 to 32% in 2030 translates to over 7 million EVs requiring a significant amount of local lithium supply not currently available.
Lithium is a key material to achieve the targets and objectives of governments and corporations. Governments are acutely aware of the forecasted supply / demand gaps, providing funding and structures conducive to more rapid growth. The Australia-United States Climate, Critical Minerals and Clean Energy Transformation Compact signed in May 2023 is evidence of this.
Additionally, Canadian government at federal and provincial levels are establishing Canadian critical minerals policies and development strategies.
The map below captures most of the recently announced lithium-ion battery activity in the USA and Canada, for which Nova Scotia is perfectly positioned to tap into.
