Lithium Mining Projects Ranked by NPV
After-tax NPV, IRR, initial capex, mine life and AISC for 26 lithium projects across 19 companies, extracted from technical reports and ranked. Sort any column to compare lithium developers and producers.
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26 of 26 projects
| # | Project / Company | Study | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Nevada North Lithium Project (NNLP) Surge Battery Metals Inc. (NILI.V) | Lithium | Pre-Feasibility 2026 | $9.81B | 23.6% | $2.77B | 42 yrs | — |
| 2 | Surge Battery Metals NNLP Lithium Project (adjacent comparable) Peloton Minerals Corp. (PMC.CN) | Lithium | Pre-Feasibility Oct 2026 | $9.81B | 23.6% | $2.77B | 42 yrs | 4,719 USD/t LCE |
| 3 | Thacker Pass (Lithium Americas) — comparable Peloton Minerals Corp. (PMC.CN) | Lithium | Feasibility Dec 2024 | $5.90B | 19.8% | $2.93B | 85 yrs | 6,238 USD/t LCE |
| 4 | Lake Superior Lithium Project Avalon Advanced Materials Inc. (AVL.TO) | Lithium | PEA Sep 2024 | C$4.12B | 47.5% | C$1.21B | 30 yrs | 13,029 CAD/t LHM |
| 5 | Angel Island (formerly Clayton Valley Lithium Project) Century Lithium Corp. (LCE.V) | Lithium | Feasibility Feb 2026 | $4.01B | 27.4% | $997M | 60 yrs | 4,389 USD/t Li2CO3 |
| 6 | Clayton Valley Lithium Project Century Lithium Corp. (LCE.V) | Lithium | Feasibility Jan 2026 | $4.01B | 27.4% | — | 40 yrs | — |
| 7 | Clearwater Project E3 Lithium Ltd. (ETL.V) | Lithium | Pre-Feasibility Jun 2024 | $3.72B | 24.6% | $2.46B | 50 yrs | 6,200 USD/tonne LHM |
| 8 | Shaakichiuwaanaan (Corvette) PMET Resources Inc. (PMET.TO) | Lithium | PEA Aug 2024 | C$2.90B | 34% | C$640M | 24 yrs | 593 USD/t |
| 9 | Arizaro Project Lithium Chile Inc. (LITH.V) | Lithium | Pre-Feasibility Jul 2024 | $2.83B | 36.3% | $1.05B | 20 yrs | 7,165 USD/t LCE |
| 10 | Red Rock Converter Rock Tech Lithium Inc. (RCK.V) | Lithium | — Aug 2026 | C$2.30B | 22% | C$1.30B | — | 6,111 CAD/t LHM |
| 11 | Boardwalk LithiumBank Resources Corp. (LBNK.V) | Lithium | PEA Feb 2025 | $2.30B | — | — | 20 yrs | 4,588 USD/t |
| 12 | Shaakichiuwaanaan Project (CV5 Pegmatite) PMET Resources Inc. (PMET.TO) | Lithium | Feasibility Nov 2025 | C$1.59B | 18.1% | C$1.50B | — | 799.8 CAD/t conc |
| 13 | Shaakichiuwaanaan (CV5 Lithium Only) PMET Resources Inc. (PMET.TO) | Lithium | Feasibility Oct 2025 | C$1.50B | — | — | — | — |
| 14 | Kindersley Lithium Project (KLP) - Phase 1 CAD Grounded Lithium Corp. (GRD.V) | Lithium | PEA Jun 2023 | C$1.35B | — | — | — | — |
| 15 | Rio Grande Project NOA Lithium Brines Inc. (NOAL.V) | Lithium | PEA Oct 2025 | $1.28B | 22.6% | $706M | 30 yrs | — |
| 16 | South West Arkansas Project Standard Lithium Ltd. (SLI.V) | Lithium | Feasibility Oct 2025 | $1.27B | 18.2% | $1.45B | 20 yrs | 5,923.8 USD/t LCE |
| 17 | Kuska Wealth Minerals Ltd. (WML.V) | Lithium | PEA Jan 2024 | $1.15B | 28% | — | 20 yrs | — |
| 18 | Kindersley Lithium Project (KLP) Grounded Lithium Corp. (GRD.V) | Lithium | PEA Jun 2023 | $1.00B | 48.5% | $335M | — | — |
| 19 | PAK Lithium Project Frontier Lithium Inc. (FL.V) | Lithium | Feasibility 2025 | C$932M | 17.9% | C$943M | 31 yrs | 624 CAD/tonne of concentrate sold |
| 20 | Manono Lithium Tailings Project Tantalex Lithium Resources Corp. (TTX.CN) | Lithium | PEA Oct 2023 | $765M | 87% | $147M | 6 yrs | — |
| 21 | Raleigh Lake Project (Zone 1) ILC Critical Minerals Corp. (ILC.V) | Lithium | PEA Dec 2023 | C$343M | 44.3% | C$112M | 9 yrs | 993 CAD/t SC6 |
| 22 | Kindersley Lithium Project Grounded Lithium Corp. (GRD.V) | Lithium | Pre-Feasibility Oct 2026 | C$125M | 10.8% | C$603M | — | 8,581 C$/tonne LCE (unit OPEX) |
| 23 | Cauchari-Olaroz Lithium Argentina Corp. (LAR.TO) | Lithium | Feasibility Jan 2026 | — | — | $979M | 35 yrs | — |
| 24 | Kindersley Lithium Project – Phase 1 Grounded Lithium Corp. (GRD.V) | Lithium | PEA Jun 2023 | — | — | C$447M | 20 yrs | 5,199 CAD/tonne LHM |
| 25 | Goulamina (Mali) - Reference/Comparable Lithium Africa Inc. (LAF.V) | Lithium | Production 2024 | — | 98% | $310M | — | 312 USD/t SC |
| 26 | Keliber Lithium Refinery (Kokkola) Sibanye Stillwater Limited (SBSW) | Lithium | Pre-Feasibility Apr 2023 | — | — | €276M | — | — |
Figures are automatically extracted from company filings and presentations and reflect the most recent disclosure found — they may contain errors. Always verify against the original source document before making any investment decision. Back to all project economics.