What happens when a junior lithium exploration company secures the rights to a huge land package in what may be one of the world's largest lithium districts in North America? 

Commodity expert Shawn Ryan is a big player in the Canadian mining industry. A 2011 New York Times report even hailed him as “the king of the new Yukon gold rush.”
Ryan is considered the world’s leading expert in his field. He has already had a major impact on Canada’s resource sector this century with his research and prospecting techniques. In 1998 he was named “Prospector of the Year” by the Yukon Camber of Mines. In 2009, for example, he single-handedly triggered the second major gold rush in Yukon mining history. In 2011 he was awarded the Bill Dennis Award for Prospector of the Year by the Prospectors and Developers Association of Canada for his discovery of the White Gold and Coffee Projects now owned by Newmont Mining corp.
Ryan’s expertise led to the discovery of several important deposits in the Yukon, including the multi-million ounce Coffee Project, which Goldcorp acquired in its 2016 acquisition of “Kaminak Gold” for $250 million (CDN) and is now owned by “Newmont” is steered towards production. In addition, Ryan explored the white gold deposit that Kinross eventually purchased for $139 million.
In 2015, Ryan turned his attention to Newfoundland, where his pioneering research and reinterpretation helped position the island as one of the most exciting areas in the world for new high-grade gold discoveries.
In 2022, Ryan’s continued research in Newfoundland expanded the potential of the Bay St. George salt district and underground energy storage opportunity.
In 2023, after extensive exploration, Ryan outlined the potential for the discovery of high-grade spodumene-bearing lithium pegmatite deposits in Nunavik, Quebec.

Dera expects the global supply of lithium to increase from 82,000 tons in 2020 to around 218,000 tons in 2030. According to Dera, demand by 2030 will be between 316,307 and 558,780 tons. This means that by 2030, at best, 45% less lithium than needed would be available. In the worst case, demand would be two and a half times higher than supply. BGR – German Raw Materials Agency (deutsche-rohstoffagentur.de)
The VW Group, for example, is planning to supply its new small electric car with its own batteries. The foundation stone for the first battery cell plant in Spain is currently being laid in Sagunto near Valencia. In addition, Volkswagen wants to open its first battery cell plant in Salzgitter in 2025. In 2026, the site near Valencia will start operations with more than 3,000 direct employees. According to Schmall, annual production of battery cells with a total capacity of 40 gigawatt hours (GWh) is initially planned, which is enough for half a million electric cars per year. The group recently announced plans to build one of the largest EV battery plants in the world in Canada, Ontario. Production is scheduled to begin there in 2027. The supposedly largest battery factory in the world will have six production lines and produce enough batteries for one million cars every year. VW plans to produce 25 new electric vehicle models in the coming decades, and most of their batteries will come from Ontario, Canada.
The Bavarian Motor Works (BMW) also rely on their own battery production: In Debrecen, which is 230 kilometers east of Budapest, BMW wants to build not only cars in a new plant. According to the management, a high-voltage battery production facility is to be built on the site. By the time the plant starts up, BMW will have invested more than two billion euros in the Hungarian site.Even new, more powerful batteries such as the so-called “super battery” developed at the German Fraunhofer Institute or the new lithium iron phosphate battery from Tesla require lithium as a central component. The same applies to the invention of a particularly powerful, lighter and environmentally friendly lithium-sulphur battery.
As a result, the demand for lithium has increased massively. In the period from 2016 to 2020, global lithium production increased by almost 120 percent. The lithium demand from the rechargeable battery and battery sector will therefore increase from an estimated 641,000 tons of lithium carbonate in 2022 to more than 2 million tons by 2030. Some analysts are predicting that supply may soon become insufficient to meet demand and there could be actual shortages of the commodity.

Lithium is considered a central, systemically important raw material for many key technologies. Electronification requires the metal for smartphones, laptops, cordless tools, hybrid cars, electric cars and e-bikes. For this reason, the lightest of all metals is referred to as “white gold”.
Even new, more powerful batteries such as the so-called “super battery” developed at the German Fraunhofer Institute or the new lithium iron phosphate battery from Tesla require lithium as a central component. The same applies to the invention of a particularly powerful, lighter and environmentally friendly lithium-sulphur battery.
As a result, the demand for lithium has increased massively. In the period from 2016 to 2020, global lithium production increased by almost 120 percent. The lithium demand from the rechargeable battery and battery sector will therefore increase from an estimated 641,000 tons of lithium carbonate in 2022 to more than 2 million tons by 2030. Some analysts are predicting that supply may soon become insufficient to meet demand and there could be actual shortages of the commodity.

Ground Truth Exploration is the team Eureka (OTCPK:SCMCF) has engaged to conduct the extensive exploration field and drilling programs on their three Nunavik properties. Shawn Ryan is a technical advisor to Ground Truth, so the prospector and exploration team work together. This is extremely important in that the reasons for why Shawn staked the claims is properly understood by the team that conducts the actual exploration work. Having the prospector working with an extremely established team like Ground Truth add even more credibility to the Eureka (OTCPK:SCMCF) exploration goals.