Historically, Canada has seen very limited investment in lithium exploration and production in comparison to other commodities. Currently, there is one operating lithium mine in the entire country however, Canada ranks number 6 for having the world’s largest lithium reserves behind countries such as Chile, Australia, Argentina, China and the United States. The growing demand of battery metals and forecasted deficit for lithium, has investors charged to support greater exploration, with Canada emerging as a front runner for investment, through the introduction of investor friendly incentives, most prominent being the Critical Minerals Exploration Tax Credit or “CMETC”, announced by the Canadian federal government in April 2022.

Midex has approached the acquisition of mining tenure through both a geological and business lens, concentrating on properties located close to established infrastructure and supply chains, and within highly prospective lithium districts that have demonstrated the potential to host world-class spodumene deposits. Proximity to advanced-stage exploration and development projects helps support the pace of new discoveries while enhancing the long-term development potential and economics of Midex's exploration portfolio.

Midex has taken a deliberate approach in assembling its lithium portfolio; relying on key geological criteria and indicators to extend recognized districts that are known to host large tonnage spodumene deposits.

Ontario is evolving into a dominant tier 1 jurisdiction with unprecedented levels of government and foreign investment to bolster the critical minerals industry.

Midex’s portfolio of projects are all located in Ontario, Canada. Ontario has consistently scored high on the annual Best Practices Mineral Potential Index, which ranks jurisdictions based on which region’s geology encourages exploration investment” or is not a deterrent to investment. In the last published index by the Fraser Institute (2022), Ontario scored 83.33 and ranked 7/47 globally.