Arizona Lithium Limited (ASX:AZL) has welcomed a series of major policy reforms announced by the Canadian Government aimed at strengthening the country's critical minerals sector and driving economic growth.
The national initiative, announced by Canadian Prime Minister Mark Carney, includes a suite of measures designed to accelerate project development and investment in critical mineral supply chains. Key elements of the policy include the removal of interprovincial trade barriers, streamlined project approvals through a new “One Project, One Review” framework, the creation of a “First Mile Fund” to boost early-stage investment, and improved labour mobility across provinces. The reforms also prioritise Northern development and increased participation by Indigenous communities.
These reforms align directly with Arizona Lithium’s strategic priorities and will support the advancement of the Company’s flagship Prairie Lithium Project in the resource-rich Williston Basin in Saskatchewan.
Commenting on this significant milestone for the Company’s operations in Canada, Managing Director Paul Lloyd, confirmed:
“The Canadian Government’s strong commitment to enabling investment, removing regulatory hurdles, and building a robust supply chain for critical minerals is a positive signal for the industry.
These initiatives not only create a more supportive environment for our Prairie Lithium Project, but also reinforce Canada’s ambition to lead in the global energy transition. We’re excited to play a key role in this effort while delivering benefits to local communities and the broader clean energy economy.”
The Prairie Lithium Project is wholly owned by Arizona Lithium and is one of the most advanced lithium brine projects in Canada. It spans over 345,000 acres of mineral rights and hosts an operational Direct Lithium Extraction (DLE) pilot plant currently producing lithium chloride.
A Pre-Feasibility Study is underway, with the Project expected to contribute significantly to North America’s future lithium supply, critical for electric vehicle batteries and renewable energy storage.
Arizona Lithium is committed to working closely with Canadian federal and provincial governments, as well as local communities and Indigenous groups, to ensure the Prairie Project delivers long-term economic and environmental value.
For more information, please visit https://www.arizonalithium.com
ENDS
For further information, please contact:
Mr Paul Lloyd
Managing Director
Arizona Lithium Limited
M: +61 419 945 395
E: [email protected]
Jane Morgan
Investor and Media Relations
M +61 405 555 618
About Arizona Lithium Limited (ASX:AZL)
Arizona Lithium Limited is an Australia-based exploration company. The Company is engaged in the development of its Prairie Lithium project located in southeast Saskatchewan Canada and comprises over 345,000 acres of subsurface permits.
About the Prairie Lithium Project
AZL’s Prairie Lithium Project is located in the Williston Basin of Saskatchewan, Canada. Located in one of the world’s top mining friendly jurisdictions, the Project has easy access to key infrastructure including electricity, natural gas, fresh water, paved highways, and railroads. The Project also aims to have strong environmental credentials, with Arizona Lithium targeting to use less freshwater, land and waste, aligning with the Company’s sustainable approach to lithium development.
Contact details:
Jane Morgan
Investor and Media Relations
M +61 405 555 618