Jadar models

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Jadar models

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Jadar models

In January , the Government of Serbia cancelled the spatial plan for the Jadar lithium-borates project and revoked our licences related to the proposed lithium-borates project. We believe the Jadar project has the potential to be a world-class asset that could act as a catalyst for the development of other industries and tens of thousands of jobs for current and future generations in Serbia, while sustainably producing battery-grade lithium carbonate, a material critical to the energy transition. We are focused on consultation with all stakeholders, including providing comprehensive factual information about the project. We are also long-term landowners and have made commitments to the community and suppliers. We will continue to honour our obligations despite our permits and licenses being cancelled. Communication and Education: As part of our efforts to ensure an informed dialogue in Serbia about lithium mining, we are currently engaging in an education and information campaign via paid, editorial and unmarked native media content to counterbalance the significant disinformation occurring about lithium mining, and contribute to a fact-based dialogue. A vital component for clean technologies such as electric vehicles and battery storage, lithium will play an essential role in the transition to a low carbon economy. The scale and high-grade nature of the Jadar deposit provides the potential for a mine to supply lithium products into the electric vehicle value chain for decades, positioning Serbia as the European hub for green energy. Double digit demand growth is forecast for lithium over the next decade.

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