The Korea Institute of Geoscience and Mineral Resources (KIGAM) and SK ecoplant Co. have secured the rights to explore four lithium mines in Kazakhstan. These mines are estimated to contain approximately 25,000 tons of lithium, enough to produce batteries for around 3.3 million electric vehicles. KIGAM announced on Thursday that it signed a multilateral memorandum...
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Rain City Resources Acquires Avonlea Lithium to Revolutionize Lithium Extraction Rain City Resources has entered into a binding agreement to acquire up to a 100% interest in Avonlea Lithium Corp. Avonlea, based in Calgary, Alberta, has developed an innovative approach to Direct Lithium Extraction (DLE) called the “Advanced Chemical & Cavitation Extraction of Lithium” (ACCELi)...
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Century Lithium has announced the filing of the “NI 43-101 Technical Report on the Feasibility Study of the Clayton Valley Lithium Project, Esmeralda County, Nevada, USA.” The report, dated April 29, 2024, supports the disclosure in the company’s news release from the same date. It was prepared by Wood Canada Limited, Global Resource Engineering, Ltd....
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Anglo-Australian miner Rio Tinto announced on Thursday that newly published environmental studies indicate its Serbia lithium project, halted in 2022 after widespread protests, would be safe for the environment. The $2.4 billion Jadar lithium project in Western Serbia could potentially cover 90% of Europe’s current lithium needs, positioning the company as a leading lithium producer....
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Bravura Mining Consortium’s operations in Zimbabwe are gaining momentum with the acquisition of platinum mining machinery and the construction of a dense media separation plant for its lithium mine. The separation plant, manufactured by Manhattan Corporation in South Africa, is ready for shipment to Zimbabwe once the necessary approvals and ongoing civil works at Kamativi...
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According to Kanat Sharlapaev, Minister of Industry and Construction of the Republic of Kazakhstan, the East Kazakhstan region is likely to become a major hub for lithium production, reports Kazinform News Agency. Today, President Kassym-Jomart Tokayev of Kazakhstan hosted South Korean President Yoon Suk Yeol at the Akorda presidential residence. During the meeting, Minister Sharlapaev...
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Albemarle Corporation (NYSE: ALB), a leader in essential elements for mobility and energy, introduced its plan for the Kings Mountain Mine in the U.S., a significant hard-rock lithium deposit. Pending approvals, the mine is set to produce about 420,000 tons of lithium-bearing spodumene concentrate annually, supporting sustainable transportation and defense applications. “The Kings Mountain Mine...
READ MOREEcopro Innovation and Samsung SDI have signed a long-term lithium supply contract, ensuring a total supply capacity of approximately 154,000 tons of lithium hydroxide distributed across their business sites and Hungarian plants. This agreement will enable Ecopro Innovation to continue its operations with Samsung SDI in Korea until 2033. Ecopro Innovation has been at the...
READ MORETerraVolta Resources, a leading U.S. critical minerals exploration and production company, has announced significant progress in its flagship lithium project in the Smackover formation across Texas and Arkansas. In early 2023, The Energy & Minerals Group (EMG), a major global private investor in natural resources, made a substantial equity commitment to TerraVolta, making it the...
READ MOREOn June 11, Chen Yubi, President of Nuode New Materials, met with Arun Mittal, CEO of Exide Energy, in Shanghai to finalize a strategic cooperation agreement. Exide Energy is the largest battery manufacturer in India. Nuode New Materials operates four major production bases for electrolytic copper foil, boasting an annual production capacity of 120,000 tons...
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Wastewater from fracking for shale gas in Pennsylvania contains unusually high levels of lithium ions, potentially aiding the green transition, U.S. Congressman Guy Reschenthaler said on June 8 on Fox News Channel. A study published in Nature in April 2024 revealed that annual lithium production from the Marcellus Shale, a large natural gas reserve in...
READ MOREMajor Copper Smelter to be Built in Kazakhstan Agreement Between KAZ Minerals and China Nonferrous Metal Mining Kazakh copper producer KAZ Minerals has signed an agreement with China Nonferrous Metal Mining to construct a $1.5 billion copper smelter in eastern Kazakhstan. This state-of-the-art facility is scheduled to begin operations by the end of 2028. It...
READ MOREBravura Holdings, owned by Nigerian tycoon Benedict Peters, plans to start production at a Zimbabwean lithium project early next year, according to a company official. Despite the current weak price of lithium, the company remains committed to commissioning the Kamativi lithium tailings project by 2025, Bravura’s group general manager Gbenga Ojo told reporters in Harare...
READ MORECodelco, Chile’s state-owned mining company, is aiming to commence production at the Maricunga lithium project by 2030, with construction slated to begin in 2027. This timeline was reported by Reuters on June 6, citing a document from Codelco and investment firm Rothschild & Co. The project’s initial phase will produce 20,000 metric tons of lithium...
READ MOREDuring the first four months of the year, the mining sector grew by 9.7% compared to the same period last year, though not all branches performed equally. Lithium emerged as the standout, achieving significant improvements over the rest of the industry. A report from the National Institute of Statistics and Census (Indec) revealed that lithium...
READ MOREOn Tuesday, Eastern Time, Occidental Petroleum Corporation, a company in which Warren Buffett holds a significant stake, announced a joint venture with Berkshire Hathaway Energy (BHE) to test and deploy technology for extracting lithium from geothermal brine. Buffett’s Berkshire Hathaway is the largest shareholder of Occidental Petroleum, holding over 34% of its shares. BHE Renewables,...
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The Korea Institute of Geoscience and Mineral Resources (KIGAM) aims to establish a plant in Kazakhstan to produce lithium carbonate and lithium hydroxide, as reported by Trend. This development was discussed during a meeting between Kazakhstan’s Minister of Industry and Construction, Kanat Sharlapaev, and representatives from KIGAM and SK ECOPLANT. Representatives from KIGAM and SK...
READ MOREThis Tuesday saw full support from Codelco’s main trade union organizations for the association agreement with SQM. The Federation of Copper Workers (FTC) first expressed approval on Saturday, following the confirmation of the negotiations’ closure. The FTC emphasized that the agreement ensures the State of Chile’s majority participation in the lithium industry, which aligns with...
READ MOREOccidental and BHE Renewables, a subsidiary of Berkshire Hathaway Energy, have announced a joint venture to demonstrate and deploy TerraLithium’s Direct Lithium Extraction (DLE) technologies. This venture aims to extract and commercially produce high-purity lithium compounds from geothermal brine. TerraLithium, owned by Occidental, has patented DLE technologies capable of processing lithium-containing brine into a high-purity,...
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International Battery Metals (IBAT) has announced the appointment of Iris Jancik as Chief Executive Officer, effective mid-August. Jancik will focus on expanding the commercial deployment of IBAT’s patented modular direct lithium extraction (DLE) plants. IBAT recently installed its first commercial lithium production plant, co-located at US Magnesium’s operations outside Salt Lake City, Utah. The DLE...
READ MOREPeloton Minerals Corporation has started its summer exploration work at the North Elko Lithium Project in northeastern Nevada, USA. The company has also successfully oversubscribed its financing by 70%, raising a total of $1,022,518. The exploration program aims to discover lithium in clays across the 35 square kilometre North Elko Lithium Project. The program is...
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The boards of Codelco and SQM have reviewed a comprehensive 600-page contract that outlines the creation of a new company formed from the merger of SQM Salar and Minera Tarar, a subsidiary of the state-owned mining company Codelco. This new entity will exploit lithium in the Salar de Atacama until 2060. The contract is expected...
READ MOREGrid Battery Metals has finished the initial phase of its spring and summer exploration program at the Clayton Valley Lithium Property near Silver Peak, Nevada. This phase included detailed infill soil sampling and a Magnetotelluric (MT) geophysical survey. The company engaged Rangefront Geological to perform the infill soil sampling in the southern section of the...
READ MORESavannah has completed a phase of drilling at the Barroso mine in Boticas and will now demobilize the machines and analyze the collected data in the laboratory. The company aims to start production by the end of 2026. Nearly a year after the favorable Environmental Impact Statement (DIA) was issued for the Barroso lithium mine...
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