Capacitor Metals is gaining momentum in Canada’s critical mineral sector, strategically focusing on tantalum and niobium exploration in British Columbia.
Capacitor Metals Corporation director Max Lentz is excited about the future when it comes to the company’s flagship Blue River Project.
“What we are really hoping to see is that we get the financing we need to carry on with the project while partnering up with a major player in order to open a mine that could bring approximately 80 jobs during the construction phase and then later about 80 full-time jobs in the mining phase once we are underway," Lentz told Black Press Media.
Tantalum and niobium are crucial for high-tech industries, including aerospace, electronics and renewable energy. The Blue River Project is located in B.C.’s mineral rich terrain just outside of the town of Blue River and is Capacitor Metal’s primary exploration initiative.
“Tantalum is known for its corrosion resistance and is widely used in electronics and medical implants, while niobium strengthens steel alloys for use in jet engines, pipelines, and superconductors,” explained Lentz.
The director reports that once this mine is in operation, the mine would become “multi-generational” and has the potential to produce these critical minerals for a number of years.
“I’d say a minimum of 30 years and could possibly produce for 50 years," Lentz said. "It’s really hopeful. Our goal is to work with all of the people in the valley including the local governments in the North Thompson and closely with Simpcw First Nation working towards economic development and sustainability.”
The Capacitor team has met with Simpcw First Nation to discuss the future of the project and Lentz described their meetings as “excellent” saying the Simpcw members are “wonderful people” and the Capacitor team is “looking forward to more discussions in the near future.”
Lentz shared that the team recently visited the Blue River site.
“We came out to Blue River to pick up approximately four tons of ore. We brought it back to a metallurgist company in Kamloops to start the processing of it. They are core samples but also, half the core samples will be ground up into a fine powder which we can use to show potential investors as to the purity of the product. This will be more than just showing an assay report, it’s proof of these critical minerals in hand.”
Addressing how the company intends to implement good practices, Lentz referred to a report from the company that states, “As industries around the world push for technological innovation and clean energy, the demand for tantalum and niobium continues to grow. Capacitor Metals aims to address this demand by focusing on efficient, environmentally friendly mining techniques that maximize resource extraction while minimizing environmental impact.”
“We want to contribute as a company as a reliable supplier of tantalum and niobium globally,” added Lentz. “We regard this as the next step by having the actual product in our hands once processed with reports that go along with that as a testament to the purity of the mineral deposits.”
To learn more about the Blue River Project you can visit: https://capacitormetals.com/blue-river-project/