Exploration firms across Canada are actively searching for lithium found in both hard rock formations and brines extracted from old oil wells. Despite a significant drop in lithium prices—from a peak of approximately $70,000 per tonne in late 2022 to the current level of around $10,600 per tonne—exploration activities are underway at an accelerated pace in Canada.

The Northern Miner examines the differences in market capitalizations among the key players engaged in lithium exploration in Canada, contrasting the peak price period with the current market conditions.