What Electric Elements Mining does

Electric Elements Mining Corp. (EE Mining) is a privately held Canadian mineral exploration company formed in November 2023 through the spin-out of exploration assets from Osisko Development Corp. (80%) and O3 Mining Inc. (20%). The company is focused on district-scale hard-rock lithium exploration across 14 properties totaling over 150,000 hectares in the Eeyou Istchee / James Bay region of Northern Quebec, with all properties staked along Archean greenstone belts known to host spodumene-bearing pegmatites. Adjacent to major discoveries including Patriot Battery Metals' Corvette and Allkem's James Bay Lithium project, EE Mining has compiled over C$70 million of historic exploration data and 200,000+ meters of historic drilling (previously assayed primarily for gold) into a centralized exploration database used to identify and prioritize lithium targets across the portfolio. Highlighted results from adjacent and carried-interest properties include 32m @ 1.80% Li2O (dyke MR-6 near Escale), 87.5m @ 1.3% Li2O at Trieste, 26.5m @ 1.51% Li2O at Anatacau West, and grab samples up to 6.5% Li2O at Auclair.

EE Mining generates value through two principal mechanisms: (1) advancing its own 14 properties via systematic surface geology, core re-sampling, and planned 2024 maiden drill programs; and (2) holding free carried interests (Escale 25%, Trieste 25%, Anatacau 10%, PLEX 10%) and equity positions in four partner-led junior explorers (Brunswick Exploration, Loyal Lithium, Cygnus Metals, Perseverance Metals), plus an option agreement with Sirios Resources on the Cheechoo Property. This carried-interest / equity structure provides asymmetric upside exposure without proportional capital outlay, effectively outsourcing a portion of exploration execution while retaining discovery leverage. The Lac Gayot nickel asset adds a secondary battery-metal exposure. The company closed an initial C$4 million seed round in late 2023 to fund first-phase exploration and is led by Laurence Farmer (CEO, ex-Osisko Development), Jose Vizquerra (Chairman, O3 Mining President & CEO), Brad Ulry (VP Exploration, COO of Dahrouge Geological Consulting — involved in the Corvette discovery), Elijah Tyshynski (CFO, also CFO of O3 Mining), and Andrew Disipio (Director, partner at Bennett Jones). As a pre-revenue junior explorer, EE Mining does not sell products or services and has no conventional pricing model; future monetization is expected through successful delineation, asset sales, joint venture arrangements, or M&A.

Name

Electric Elements Mining

Legal name

Electric Elements Mining Corp.

Website

https://eemining.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

1–10 employees

Short description

Electric Elements Mining Corp. is a privately held Canadian lithium exploration company advancing a 14-property, 150,000+ hectare portfolio in the James Bay region of Northern Quebec, holding free carried interests and equity in partner junior explorers.

Ownership category

akta.pro rank

Product category

Lithium Mineral Exploration

NAICS

Copper, Nickel, Lead, and Zinc Mining (212230), Other Metal Ore Mining (21229), Other Metal Ore Mining (212290)

SIC

Metal Mining (1000), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA), Mine Development & Processing EPC (Critical Minerals) (IMAKAFAM), Lithium Mining & Brine Extraction (IMAKAFAA)

Keywords

• Lithium exploration
• Hard rock mining
• Battery metals exploration
• Mineral exploration services
• Critical minerals exploration

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D

Revenue model

1. Exploration Asset Development: The company generates value through exploration activities on its James Bay lithium properties. Revenue potential comes from successful mineral discoveries leading to development decisions, sale of assets, or joint venture arrangements with major mining companies. The company holds equity and free carried interests in multiple junior lithium explorers including Brunswick Exploration, Loyal Lithium, Cygnus Metals, and Perseverance Metals.
2. Carried Interests: EE Mining holds free carried interests in multiple properties (Escale 25%, Anatacau 10%, PLEX 10%, Trieste 25%) that provide exposure to discovery upside without additional capital outlay. These carried interests generate value upon successful delineation and development of lithium resources.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Electric Elements Mining is a privately held mineral exploration company advancing district-scale lithium potential in the James Bay area of Northern Quebec. It holds 14 highly prospective properties covering over 150,000 hectares along Archean greenstone belts, with free carried interests and equity positions in lithium and nickel exploration assets including Escale, Anatacau, PLEX, Trieste, Lac Gayot, and Auclair.

Product overview

Electric Elements Mining is a privately held lithium and mineral exploration company with a portfolio of 14 highly prospective properties spanning over 150,000 hectares in the James Bay area of Northern Québec. The company holds free carried interests and equity positions in six primary exploration assets: Escale, Anatacau, PLEX, Trieste (all lithium), Lac Gayot (nickel), and Auclair (lithium). Additionally, the company maintains equity stakes in Brunswick Exploration, Loyal Lithium, Cygnus Metals, and Perseverance Metals. The portfolio represents over C$70 million in historic exploration investment with over 200,000m of historic drilling, positioned adjacent to major lithium discoveries including Patriot Battery Metals' Corvette deposit and Allkem's James Bay Lithium project.

Differentiator

Problem solved

Functional benefit

Products and services

• Escale (Lithium) Exploration Property

Quantifiable outcome

• 32m @ 1.80% Li2O intersected in dyke MR-6 adjacent to Escale property
• +3 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered minor and core.

• Sirios ResourcesminorStrategic or Co-development Partner · 18 March 2024Sirios Resources signed an Option Agreement with Electric Elements Mining Corp. for the South and West blocks of its Cheechoo Property. This agreement allows EE Mining to earn an interest in the property through exploration activities.
• Brunswick ExplorationcoreStrategic or Co-development PartnerEE Mining holds equity and/or free carried interest in Brunswick Exploration. The company has a 25% free carried interest in the Escale (Lithium) property within Brunswick's Mirage property. Dyke MR-6 (32m @ 1.80% Li2O) is adjacent to Escale, and a maiden drill program is planned for 2024.
• Loyal LithiumcoreStrategic or Co-development PartnerEE Mining holds equity and/or free carried interest in Loyal Lithium as part of its portfolio of investments in other James Bay explorers.
• Cygnus MetalscoreStrategic or Co-development PartnerEE Mining holds equity and/or free carried interest in Cygnus Metals as part of its portfolio of investments in other James Bay explorers.
• Perseverance MetalscoreStrategic or Co-development PartnerEE Mining holds equity and/or free carried interest in Perseverance Metals as part of its portfolio of investments in other James Bay explorers.
• Dahrouge Geological ConsultingminorImplementation/ SI/ Consulting PartnerVP Exploration Brad Ulry is Partner and COO of Dahrouge Geological Consulting, a leading Canadian exploration firm with involvement in numerous discoveries including Patriot Battery Metals' Corvette deposit.

Scale indicators5 records

Recent moves7 records

Expansion highlights4 records

Direct peers

• Loyal Lithium: James Bay lithium explorer in which EE Mining holds equity and/or free carried interests. Loyal Lithium is a peer with overlapping geological targets and a similar early-stage exploration profile.
• Critical Elements Lithium: Quebec-focused lithium developer advancing the Rose Project in James Bay. As a Quebec-domiciled critical minerals peer, Critical Elements shares EE Mining's regulatory environment, infrastructure access, and proximity to lithium-bearing greenstone belts.
• Cygnus Metals: Australia-listed explorer with James Bay lithium assets in which EE Mining holds equity and/or free carried interests. Cygnus is a peer across multiple James Bay properties targeting spodumene-bearing pegmatites.
• Winsome Resources: Australian-listed lithium explorer with the Adina deposit (59Mt @ 1.12% Li2O) located 10km from EE Mining's Trieste property in James Bay. Both companies target hard-rock spodumene deposits along the same greenstone belts.
• Patriot Battery Metals: Operator of the Corvette lithium project in James Bay, Quebec, which is directly adjacent to EE Mining's portfolio. Both companies target spodumene-bearing pegmatites in the same Archean greenstone belts, making Corvette the anchor discovery that validates EE Mining's geological thesis.
• Brunswick Exploration: James Bay lithium explorer operating the Mirage project, where EE Mining holds a 25% free carried interest in the Escale property. Brunswick is both a partner (operator of EE Mining's carried interest) and a direct peer in the broader Quebec lithium exploration space.
• Perseverance Metals: James Bay lithium explorer in which EE Mining holds equity and/or free carried interests. Perseverance is a small-cap peer with overlapping geological targets in the same Archean greenstone belt setting.

Emerging players

• Kenorland Minerals: Junior exploration company with projects in Quebec and a project generation focus targeting critical minerals including lithium. Kenorland is comparable as an early-stage Quebec-focused explorer using systematic exploration approaches, though with a broader commodity focus.

Broad incumbents

• Allkem (now Arcadium Lithium): Operator of the James Bay Lithium project (now part of Arcadium Lithium after the Livent merger), which is directly adjacent to EE Mining's portfolio. As a major diversified lithium producer, Allkem/Arcadium serves as both geological proof-of-concept for the district and a potential acquirer of advanced EE Mining assets.
• Osisko Development Corp. 80% owner of EE Mining and the source of its founding exploration assets. Osisko Development is a broader mining platform with gold development focus, providing strategic backing but also creating parent-overhang risk for EE Mining.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/electric-elements-mining-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Electric Elements Mining