North American Security Should Drive Lithium Economics
INTERVIEW ON THE PRICE OF BUSINESS SHOW, MEDIA PARTNER OF THIS SITE.
Recently Kevin Price, Host of the nationally syndicated Price of Business Show, interviewed Patrick Power, CEO, Lake Winn.
“As a longstanding mining executive in the Artic, it’s time to sound the alarm about Russian and Chinese encroachment in Canada’s far north. Earlier this year, the first Chinese spy balloon was shot down by American forces after it snuck into Alaska, down into the Yukon and into central B.C., before re-entering U.S. airspace, followed by three other objects,” says Patrick Power, CEO and Director, Lake Winn, who has 30 years of experience as a capital markets financier and director of public companies. During this time, he has raised well more than $250M in the natural resources exploration and development sector. Since the 1990s, he has also been extensively involved in diamond exploration in the Northwest Territories (NWT), where he continues the quest to unearth Canada’s next high-grade diamond mine.
“Recently, the leader of Canada’s Northwest Territories (NWT) sounded the alarm, warning that the inexorable depopulation of this massive northern frontier is opening the door to territorial encroachment by unfriendly foreign powers. In June 2023, the Canadian Parliament’s committee on national security and defence issued a report with urgent warnings, calls to action and concluded that ‘more must be done’ by Canada’s government to secure its Arctic territory and nourish the health and prosperity of the people who live there.
The North American Aerospace Defense Command (NORAD), the United States and Canada bi-national organization charged with the missions of aerospace warning, aerospace control and maritime warning for North America, has a full plate this year with Canada’s northern border as America’s first line of defence.
Furthermore, China’s ascendancy as a military and economic rival to the US is not the only existential challenge that’s now front and centre. Russia is also flexing its muscles in the Arctic, with designs on its vast mineral wealth, including prolific oil reserves. Increasingly, Putin’s military-grade “research” ships are patrolling aquatic Arctic trade routes between Europe and Asia – a seaway that passes through Canada’s NWT and its adjoining Nunavut territory.
Truth be told, there’s a clear and present danger of losing Canada’s far north to Russian and Chinese imperial expansionism. I’ve spent decades working in the mining business in the NWT and I know from first-hand experience why the stakes are so high.”
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