Our Business

Active throughout the cycle.

Far aims to be active through the entire energy cycle, to develop, produce, promote and deploy sustainable, high-performance and ethically-sourced components and raw materials throughout the power distribution and energy storage value chain.

  • Secure access to and develop battery raw materials from current assets and new acquisitions.

  • Support scaled battery cell manufacturing and a full competitive value chain to support vertically integrated manufacturing projects at scale.

  • Strengthen competitive advantage through research and innovation support to advanced (e.g., lithium-ion) and disruptive (e.g., solid state) technologies.

  • Access secondary raw materials by recycling in a circular economy of batteries.

  • Develop, support and strengthen sustainability of our business with the lowest environmental footprint and maximum social benefit (Agenda 2030 SDGs).

Green energy sector fundamentals remain robust for coming decade

Growth trajectory forecast for lithium ion battery raw material demand is unprecedented. Li-ion battery production is a major global industry. Impact on the four key raw materials will be profound.

 

Real-world expectation is for 70% capacity realisation by 2028. Even at 100% this will not yield enough Li-ion batteries for EVs, energy storage and mobile technology.

At 100% utilisation rate,

demand growth:

  • Lithium x8

  • Nickel x19

  • Graphite anode x7

  • Cobalt x4

Zoro Lithium Project

 
 

The Zoro Lithium Project occurs in east-central Manitoba 20km east of the historic mining town of Snow Lake. The property consists of 16 claims with a total of 3,603 hectares and is proximal to excellent infrastructure and an experienced labour pool. Exploration has been rapidly advanced on the property with an integrated program of prospecting, innovative soil geochemical surveys and five diamond drill programs totalling 8,406 m in 60 holes.

Investment Highlights

  • Maiden resource reported on portion of D1 dyke in 2018: 1.1Mt at 0.91% Li2O.

  • Five successful drill campaigns completed, leading to the discovery of at least 13 lithium-bearing pegmatite dykes, as the company defines major dyke swarm over 30 km2 property.

  • Spodumene mineralization potential open for expansion on majority of discoveries.

  • 36.5 m wide D8 discovered under soil geochemical anomaly, proving success of Mobile Metal Ions (MMI).

  • Five additional dykes discovered in winter 2018/19 campaign — high success rate for discovery.

  • Over fifty additional geological and MMI geochemical anomalies untested — more dykes waiting. 

  • Good metallurgy expected: low-iron, white to light green spodumene suggests high extraction.

  • Byproduct metal potential assessed in NI 43-101 grade and tonnage estimate.

  • Excellent grades and widths, up to 1.4% over 49.8 m.

  • Excellent infrastructure: surrounded by mines, rail, power and access to skilled work-force.

  • Snow Lake is mining friendly, with a long history of extractive industries. Manitoba ranks highly for mining investment by the Fraser Institute.

 

Work programs at Zoro in 2016 with prospecting and sampling of the then seven known dykes, confirming the lithium content of the spodumene bearing pegmatites.

In 2017, the project advanced rapidly due to the positive results yielded from continued drilling of Dyke 1.

In 2018, a winter drill program led to the discovery of a previously unknown spodumene-bearing pegmatite dyke, Dyke 8 (D8). The discovery of this additional dyke was made during the drill-testing of a Mobile Metal Ions (MMI) soil geochemical anomaly and brought the total of known high-grade dykes on the Zoro Lithium Property to eight.

 

Subsequent drilling has stepped out to cover additional MMI anomalies. The most recent campaign has brought the total number of dykes to thirteen.

 

Size is one of the keys to defining an economic lithium deposit.  Far started with the Zoro 1 Claim and added adjacent claims covering the other known dykes in the area, expanding the property from 0.5 square kilometres to 3.0 square kilometres, a 600% increase.

 

Abundant overburden cover characterises much of the property and the pegmatite dykes do not have a recognisable geophysical signature. Thirteen spodumene-bearing pegmatite dykes have been discovered to date by drilling Mobile Metal Ions (MMI) soil geochemical anomalies including a new high grade discovery at the D8 dyke, which now has a strike length of at least 90 m, with down dip intersections of 100 m and true thickness of up to 15m and open in all directions. Numerous MMI anomalies remain untested and only one-third of the property has been explored. An inferred resource of 1,074,567 tonnes at 0.91% Li2O has been defined at a 0.3% Li2O cut-off for D1. Metallurgical studies on D1 mineralization are ongoing.

Light green to white spodumene mineralization occurs within laterally and vertically extensive pegmatite dykes hosted by a variety of lithologies. There are no preferred host rocks for the dykes  The spodumene-bearing pegmatite dykes on the property strike northwest with steep dips and crosscut the regional foliation at a low angle. They are up to 800 m in length and 40 m in drill intersection. The dykes tend to be concentric in internal structure and constituent minerals include potassium feldspar, quartz, spodumene and black tourmaline. Future programs will focus on prospecting the 2000 hectares that have yet to be explored followed by soil geochemical surveys and diamond drilling. Prospecting will be aided by mechanical stripping where necessary.

Mineral Development in Manitoba

Zoro is well situated in Manitoba with the potential for development. Manitoba is home to multiple rare metal deposits, including the world-class Tanco lithium-cesium-rare metal pegmatite at Bernic Lake. Manitoba has a supportive, pro-business climate, mineral exploration assistance programs, and excellent access to geoscience and exploration data that will assist the company to advance its projects in the province. (NOTE: Mineral exploration supportive programs have now been cancelled by the Manitoba Conservative government).

Additionally, the province has stable and well-developed mining and transportation infrastructure. The hydro line to Snow Lake is 5 km south of the property and the small historic gold mining community of Herb Lake is located about 10 km southwest of the property. A railway line is located at Wekusko, approximately 20 km south of Herb Lake. Electricity rates in Manitoba are reasonably priced and comparable to Québec, and less than in Ontario.

The projects in Northern Quebec are hundreds of kilometres from the railhead at Chibougamau.  Manitoba’s infrastructure can lead to lower project development costs, lower threshold tonnage to support project development, and less time to reach this threshold.

Tantalum + Niobium — Increasing the potential value of Zoro

High-grade drill intercept of tantalum (0.117 % Ta2O5 or 927 ppm tantalum; see November 1, 2017 news release [link]) accompanied by elevated tantalum and niobium in samples of drill core, outcrop and soils has intrigued the company.

Currently, the significance of the elevated tantalum and niobium is unknown but it will be closely assessed as Far Resource’s exploration continues.

Tantalum is a rare, hard, blue-gray, corrosion-resistant metal that is widely used as a minor component in alloys. Tantulum is inert, making it a valuable substance for laboratory equipment and a substitute for platinum.

Tantalum exists alongside niobium, a chemically similar metal, which is also valuable. It is mainly used in alloys and is the largest metal in special steel, which is used in gas pipelines. The stability of niobium-containing super alloys at high temperatures makes such alloys an important component in jet and rocket engines. Niobium is also used in various superconducting materials including the superconducting magnets of MRI scanners. Other applications of niobium include welding, nuclear industries, electronics, optics, numismatics, and jewellery.

Zoro Project Gallery - click to enlarge

Hidden Lake Lithium Project, Northwest Territories
 

The Hidden Lake lithium project is located approximately 45 km east-northeast from Yellowknife and can be reached by the all-weather Ingraham Trail Highway (Highway 4), and/or by charter helicopter or float plane.

Hidden Lake hosts lithium-bearing pegmatite dykes that are part of the larger Yellowknife Pegmatite District which have been described as the largest lithium resource in Canada with a minimum of 55,000,000 US tons at 1.41% L2O primarily as spodumene. The project consists of four claims with an aggregate area of 1,849 hectares. Extensive channel sampling and assays by previous workers documented significant lithium mineralisation over substantial intervals for each of the four surveyed dykes, including a maximum value of 1.75% Li2O over 6.01 metres. The dykes have exposed strike lengths of up to 800 m and up to 20 m in width at surface but are concealed by overburden cover.
 

Light green to whitish spodumene hosted in pegmatite was intersected in each of ten drill holes and varied from 2.65 m to 11.12 m in width. Additional minerals include potash feldspar, albite, quartz, lesser muscovite and rare tourmaline. Host rocks to the pegmatites are quartz-biotite-cordierite aluminous metasedimentary rocks. Assay results from drill core confirm high-grade lithium mineralization is present with Li2O values varying from 1.0-2.0% over intervals up to 9.2 metres. The high-grade nature of these spodumene-mineralised pegmatites coupled with the demonstrated favorable metallurgical characteristics demonstrated by previous operators makes these drill results significant. Future exploration will focus on drilling the high grade dykes beneath the initial holes to determine the shape of the dykes and to provide estimates of grade and tonnage.

01. Energy Storage

Lithium based batteries have been deployed in a wide range of energy-storage applications, ranging from energy-type batteries of a few kilowatt-hours in residential systems with rooftop photovoltaic arrays to multi-megawatt containerised batteries for the provision of grid ancillary services. Far looks to participate in the advancement of technologies that increase the life and efficiency of various battery arrays.

 

                                       Battmat JV Strategy

 

The FAR/BattMat Joint Venture strategy:

To match FAR with sustainable energy-related projects and technologies that require minimal incubation leading to near term commercialization

 

Key points

  • No monthly retainer fees

  • BattMat to introduce projects, companies, and personnel to FAR

  • Technologies & projects to be structured into Special Purpose Vehicles (SPVs)

  • BattMat receives direct ownership in SPVs, thus being rewarded on success based mechanisms

                                             Initial Patent

 

  1. Management and power control supplied from renewable energy sources to the batteries for extended battery output and life and efficient use by an electric motor;

  2. A system for optimizing wind turbine efficiency, particularly on a vessel;

  3. Battery temperature control to optimize battery performance and life;

  4. Efficient positioning and alignment of, and power transmission from, an electric motor;}

  5. systems for autonomous and remote control movement and operation of marine vessels

                                        First Two Developed

Battery Warmer I

Universal

Markets are existing EV and commercial

sector (buses, ambulances, hydraulic lifts)

Battery Warmer II

Internal

Market will be battery manufacture for

installation on new vehicles

Li-ion batteries are highly under-utilized when exposed to operational temperatures below 0°C (32°F). Low temps increase internal electrical transfer resistance and reduces the speed of electrochemical reactions, drastically decreasing the level of voltage (power) and capacity, related energy output and rate of charge.Lower temps also risk battery damage, reduction of operating life or can cause catastrophic failure, particularly when charging.

EBP has developed two different proprietary battery warmer designs. The first solution operates at the battery pack level and the second one at the individual battery cell level. Both solutions can be used not only for lithium-ion but also for other rechargeable battery chemistries.

Sustainable Technology Goals

  1. Valuation Growth by incubating select technological/industrial opportunities

  2. Creating cashflow via commercialization of supported technologies

  3. Establishment of relationships within the entire supply chain increasing the exposure of FARs existing and future battery related mineral assets

  4. Introducing a new set of stakeholders to FAR with similar beliefs

BattMat Technologies Inc. Joint Venture

Far is working in conjunction with BattMat Technologies Inc., through our joint venture and the Electric Blue Research Vessel to develop, test, advance and commercialise battery-centred technologies and applications, including systems for distributed power, marine power and energy storage.

The BattMat team has extensive experience with evaluation, testing, design and integration of battery-related systems as well as with technology commercialisation and financing issues. BattMat seeks to identify the benefits, risks and trade-offs as well as implications of market trends for participants in the value chain.

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