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CGrowth Capital Mining has secured a portfolio of lithium tenements in Tanzania
NKOLE - HOMBOLO LITHIUM
PROJECT
17 prospecting licenses granted
37 primary mining licenses secured
435.3 square kilometers
total area
PROJECT
LOCATION
The NKOLE - Hombolo Lithium Project is approximately 40 kilometers North East of the Tanzanian capital Dodoma where several historical occurrences of sizable lithium deposits have been recorded.
The prospect area lies within the area which contains Tanzania’s main reported occurrences of lithium bearing pegmatites.

PROJECT
POTENTIAL

There are promising indications of significant lithium deposits in the area and we remain optimistic at the prospect of this sizable site being a significant source of long-term revenue.

LITHIUM MARKET
OPPORTUNITY

The global market for lithium mining is estimated to increase from $525.8 million in 2021 to nearly $1.4 billion by 2026, at a compound annual growth rate (CAGR) of 20.8% during the forecast period of 2021-2026.

GLOBAL MARKET FOR
LITHUIM BY END USE

BATTERIES EXPECTED TO ACCOUNT
FOR 95% OF LITHUIM DEMAND

Lithium is a key element in the manufacture of modern batteries used in emerging technologies such as lithium-ion batteries for electric vehicles.
Batteries are expected to account for 95% of lithium demand by 2030
Lithium demand by end use, million metric tons lithium carbonate equivalent
Source: McKinsey lithium demand model

LITHIUM DEMAND
FORECAST

The global demand for lithium will likely
outstrip supply by as early as 2025 or 2026.
Global lithium resource supply and demand projection ten thousand tonnes/LCE)
Source: McKinsey lithium demand model

LITHIUM
USES ELECTRIC CARS

Automotive Manufactures have set Electric Vehicle Targets.
These targets are creating a tailwind for electric vehicles and
helping to drive demand.