Gilberto Zapata
Country Manager
Organimax Nutrient Corp.
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Insight

Mining the Green Economy of Tomorrow

Thu, 10/17/2019 - 10:40

The transition toward a green economy will define the course of humanity for generations to come, and much of its success depends on the mining industry’s capacity to supply the necessary products, says Gilberto Zapata, Country Manager of Organimax Nutrient Corp (Organimax). Sulphate of Potash (SOP) for the organic crops of the future and lithium for tomorrow’s electric cars are two cases in point, he says. “The strategic importance of SOP and lithium for Mexico’s development cannot be overstated.”
Organimax is an exploration company that seeks to capitalize on the opportunities that environmentally responsible industries have opened. It is advancing its fully-owned potassium and lithium salar complex of mineral concessions, which comprises more than 424,000ha in the states of Zacatecas, San Luis Potosi and Coahuila. The company’s story is an example of entrepreneurship that stresses an often-overlooked fact: Mexico’s potential goes beyond silver, and the country is well-positioned to expand its mineral portfolio.
Based on data published by the Mexican Geological Survey, the team at Organimax undertook a comprehensive search for lithium deposits in Mexico. It was hardly a surprise that its efforts finally took the company to the Central Plateau, where the region’s climate and geological conditions resemble those of the famed lithium triangle in South America. Only intense volcanic activity, post volcanic activity that contributes to mineralizing fluids, a hot dry climate with low humidity that allows a strong evaporation and consequent mineral concentration can create the kinds of deposits the company was after.
“SOP represents a huge opportunity for Mexico, as this country is not a producer and the US is one the top importers in the world,” says José de Jesús Parga, an award-winning geologist who is Organimax’s technical adviser. Consequently, SOP’s value as an organic fertilizer is driving the company’s financial planning. Its strategy is focused on kickstarting SOP production. Once this is up-and-running, it will use the resources to extract lithium from the clay in its concessions. In addition, the company is listed on the TSX Venture Exchange (TSX-V), as it sees in Canada a rich environment of agriculture companies that may be interested in investing. Particularly, when cannabis became legal in the North American country in 2018, companies in that field grew exponentially. “SOP is the largest constituent in the grow mix for cannabis, and the global legal cannabis market is projected to be US$146.4 billion by 2025. Being listed on the TSX-V is an opportunity to dovetail with these companies’ needs,” points out Zapata.