The company’s growth strategy is driven by four strategic pillars:
Moving forward with the project-generator model, Beyond Lithium remains focused on advancing the most critical projects with its exploration team, while also seeking to option or joint venture other properties to various venture partners. This allows the company to maximize exploration dollars and minimize dilution.
“By adopting the project generator model, our shareholders will be exposed to multiple projects being advanced at once – hence increasing the likelihood of a discovery – with a significant portion of the exploration costs being incurred by our partners,” said Allan Frame, president and CEO.
“There are several compelling and strategic reasons to focus on Ontario. Ontario is quickly emerging as a reliable global supplier of responsibly sourced critical minerals. World-class deposits of high-purity, low-iron spodumene are currently being discovered and advanced toward production in Ontario. We are confident more of these deposits remain to be discovered here. While other jurisdictions such as Quebec have seen success, we feel the economics of transactions being done in Ontario being more compelling and conducive to creating shareholder value,” Frame added.
An expert management team with significant experience throughout the capital markets leads the company toward its goals, led by Frame, who brings 40 years of experience across the mining industry. Beyond Lithium has an excellent share structure, with insiders and founders owning about 50 percent of the company.
Beyond Lithium has made three major discoveries in less than 6 months of fieldwork in 2023:
In September and October 2023, Beyond Lithium made two spodumene discoveries that are located 100 km distance from each other.
Beyond Lithium has submitted exploration permit applications for both the Ear Falls and the Victory projects to the Ministry of Mines in Ontario to apply for stripping/trenching and drilling activities in 2024.
The Victory project is comprised of the Victory Main (7,874 ha) and the Victory West (8,808 ha) Projects totaling 16,682 hectares in an area located in the Medicine Lake area near the towns of Vermilion Bay, Dryden and the city of Kenora. The Victory project currently includes two spodumene-bearing pegmatites, the Bounty Gold Pegmatite and the Last Resort Pegmatite. These two spodumene-bearing pegmatites are 40 to 50 m wide and over 200-300 m exposed along strike on surface.
The Ear Falls project (20,623 ha), previously referred to as the Wenasaga project, is located right outside the town of Ear Falls, Ontario. Ear Falls has excellent infrastructure including highway and logging road access, power lines, services, and local labor. The project is about 10 minutes’ drive away from the town of Ear Falls. In less than two months of field program in 2023, mapping/sampling/stripping/channel-sampling/winkie-drilling programs were completed at the Ear Falls project primarily around the Wenasaga North Zone to gather geological data to enhance the exploration model and delineate more exploration and potential drilling targets at Ear Falls. Yet, the 2023 fieldwork has only covered 1 percent of the footprint of the entire Ear Falls project.
The Cosgrave Lake Project (8,993 ha) is located in the Georgia Lake District. This district is an active and prolific lithium exploration area including:
Beyond Lithium is the largest greenfield lithium player in Ontario. Many of its 63 properties show tremendous potential, with eight districts currently considered higher priority for near-term exploration or partnerships.
All of Beyond Lithium’s properties are greenfield projects that have not historically been explored for lithium or lithium-cesium-tantalum (LCT) pegmatites. The 2023 exploration program involves assessing and systematically sampling mapped pegmatite outcrops derived from available historical and regional data on all the projects, as well as identifying new pegmatite showings and locating prospective regional or terrane structures.
Besides the three projects with major discoveries made in 2023, the other 60 projects are grouped by districts where the projects in each district share a coherent regional geological background.
Allan Frame serves as president and chief executive officer at Beyond Lithium. Frame has extensive experience in the financial industry, spending 47 years with various Canadian investment dealers. During his career, he has successfully underwritten or participated in raising several hundred millions of dollars for junior resource companies, primarily in the mining sector. Frame also acts as director of business development for DLP Resources and Prismo Metals.
Carmelo Marrelli is the principal of the Marrelli Group, comprising the Marrelli Support Services, DSA Corporate Services, DSA Filing Services Limited, Marrelli Press Release Services, Marrelli Escrow Services Inc. and Marrelli Trust Company, a British Columbia financial institution. The Marrelli Group has delivered accounting, corporate secretarial and regulatory compliance services to listed companies on various exchanges for over twenty years. Marrelli is a chartered professional accountant (CPA, CA, CGA), and a member of the Institute of Chartered Secretaries and Administrators, a professional body that certifies corporate secretaries. Marrelli acts as the chief financial officer to several issuers on the TSX, TSX Venture Exchange, the NEO Exchange and CSE, as well as non-listed companies, and as a director of select issuers.
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