Interview with James Sykes, CEO of Metal Energy (TSX:MERG)
Our previous interview: https://youtu.be/mZCaJpOIaa4
Recording date: 5th July 2023
Metal Energy (MERG) is a company that is venturing into the lithium market with its new project, SourceRock, located in Northwestern Ontario. Led by CEO James Sykes, the company aims to capitalize on the growing demand for lithium, particularly in the electric vehicle (EV) industry.
Previously focused on nickel, Metal Energy recognized the subdued state of the nickel market and the potential of lithium as a long-term investment. The company decided to shift its focus to lithium, considering its promising future and the increasing valuation of lithium assets.
The SourceRock project was discovered by a prospector who identified the presence of salty water, indicating potential lithium brines. Metal Energy staked a significant area within the Sibley basin, a sedimentary basin with favorable geological conditions for lithium deposits.
