Equinor has purchased a 45% stake in two lithium project companies located in Southwest Arkansas and East Texas. The acquisition aligns with Equinor’s utilization of its expertise in oil and gas to advance these lithium projects. Morten Halleraker, Senior Vice President for New Business and Investments in Technology, Digital, and Innovation at Equinor, noted the...
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Premier African Minerals released an update on the significant advancements at its Zulu Lithium and Tantalum project. The flotation circuit, crucial for producing saleable spodumene concentrate, is now operating continuously, showing promising improvements in both grade and production volume. Operational Highlights: Challenges and Solutions: Resource Validation and Future Prospects:
READ MOREAnson Resources Limited has received a pivotal approval from the State of Utah, Department of Natural Resources, Division of Water Rights, for water (brine) extraction at its Green River Lithium Project. This marks the company’s first approval related to large-scale lithium production in Utah. Key Details: This permit is especially crucial as it supports the...
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International Battery Metals Ltd. (IBAT) has partnered with US Magnesium LLC to install the world’s first patented modular Direct Lithium Extraction (DLE) plant. This innovative facility, strategically located at US Mag’s operations near Salt Lake City, Utah, will process lithium from waste-magnesium salts, marking a significant advancement in lithium extraction technology. The plant’s modular, mobile...
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In Lower Saxony, surrounded by rapeseed fields, a significant drilling effort is underway to tap into the potential of saline aquifers deep beneath the surface. The site, which sounds almost pastoral with its intermittent birdsong and the distant booms of shell detonations, is now a hub of activity. Here, at a depth of 3,800 meters,...
READ MOREDespite the current oversupply in the global lithium market, signs of a potential rebound are emerging. Industry analysts, including Statista and Fastmarkets, forecast a significant growth in global lithium demand, with Fastmarkets predicting a 30% increase in supply for 2024 and a near 500% surge in US lithium demand by 2030. This optimistic outlook is...
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Albemarle, the world’s largest producer of lithium for electric vehicle batteries, fell short of profit estimates in the first quarter, impacted by lower lithium prices. The company reported an adjusted profit of $0.26 per share, missing analysts’ expectations of $0.27 per share. The decline in electric vehicle demand has contributed to a global drop in...
READ MOREAustralia’s Atlantic Lithium is progressing its Ewoyaa lithium project, poised to become one of the world’s largest lithium mines, with significant backing from Ghana’s government. The company, which secured a 15-year mining license for the Ewoyaa project in October 2023, recently announced approval to list its ordinary shares on the Ghana Stock Exchange’s main market....
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Weardale Lithium has submitted a planning application to Durham County Council for constructing a lithium extraction plant at Eastgate, Weardale, UK. This facility is planned for phased construction on a reclaimed site previously occupied by a cement works. It will utilize existing geothermal wells to extract lithium from underground water sources. The proposal builds on...
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Si6 Metals has successfully acquired a 50% interest in 10 exploration licenses, encompassing approximately 17,000 hectares across Brazil, from Foxfire Metals Pty Ltd. This strategic acquisition diversifies Si6’s asset base into critical and strategic minerals, notably rare earth elements (REE) and lithium. The acquired projects include: Additionally, an initial surface sampling program at the Caldera...
READ MOREIndia is actively seeking international collaborations to support its burgeoning lithium mining and electric vehicle (EV) sectors, with a view to reducing its reliance on Chinese resources and expertise. In a strategic move to develop its domestic lithium industry, New Delhi is negotiating with several countries, including Australia, the United States, Bolivia, Britain, Japan, and...
READ MOREEuropean Metals Holdings Limited has confirmed the selection of Prunéřov as the new site for its Cinovec Lithium Processing Plant. This strategic move, replacing the previous Dukla location, is expected to expedite the permitting process and improve project economics due to the site’s favorable conditions. The relocation to Prunéřov, the site of the former Prunéřov...
READ MOREABB and Vulcan Energy Resources have entered into a Memorandum of Understanding (MoU) to collaborate on the Zero Carbon Lithium Project, aimed at developing carbon-neutral lithium for the burgeoning battery manufacturing sector. This project is set in Germany’s Upper Rhine Valley region, which holds the largest lithium resource in Europe. The partnership will focus on...
READ MORERio Tinto Exploration Kazakhstan, a division of the major Australian-British mining firm Rio Tinto, has embarked on an ambitious geological exploration project in the Kalba South-West area of Ulan district, East Kazakhstan region. The focus of this extensive exploration is the identification and delineation of areas promising for the discovery of a substantial lithium deposit,...
READ MOREIndia is set to hold a significant auction in June, offering 20-30 blocks of strategically important minerals as the country’s demand for essential resources continues to surge. Kantha Rao, the Secretary of the Ministry of Coal and Mines, highlighted this initiative in discussions with the *Financial Times*, noting the auction’s crucial role in meeting India’s...
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Saudi Arabia is making significant strides in the global mining sector as part of its broader strategy to diversify its economy beyond oil. The nation has recently launched several initiatives to enhance its presence in the international mining landscape, supporting the ambitious Vision 2030 and National Transformation Plan. In January 2023, Saudi Arabia established Manara...
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Yacimientos de Litio Bolivianos (YLB) has encountered significant operational issues with the lithium production pools at its Potosí complex, as revealed by company president Karla Calderón. The deterioration of these pools has adversely affected the production of lithium carbonate and potassium chloride. Calderón attributed the degradation to three main factors: the use of substandard geomembranes,...
READ MOREUS Sanctions Impact Russian Non-Ferrous Metals US Treasury Implements Sanctions on Key Metals The US Treasury Department has initiated a significant policy by banning the import of three non-ferrous metals from Russia: aluminum, copper, and nickel. This decision prohibits US companies from engaging in any buying or selling activities involving these metals both domestically and...
READ MOREEMP Metals today announced the launch of its Direct Lithium Extraction (DLE) Field Pilot Facility in Estevan, Saskatchewan. This marks the first deployment of the Koch Technology Solutions DLE pilot technology in Canada. The pilot facility is set to operate under conditions that mimic actual field operations, utilizing high-lithium concentration feed brine sourced from the...
READ MOREZhicun Lithium, a major player in the Chinese lithium battery market, is considering expanding its operations into Kazakhstan. This interest was highlighted during a meeting with Kazakh Invest, where both parties discussed potential collaborations in lithium exploration, mining, and processing within the region. The discussions come at a time when Kazakhstan is drawing significant attention...
READ MORELithium, despite its inherent fire risk in lithium-ion batteries due to its high reactivity with water, remains a critical component in the shift towards green energy. This reactivity not only presents challenges but also underscores lithium’s effectiveness in battery technology, extensively utilized in electric vehicles and for storing renewable energy. As the demand for lithium...
READ MOREAvalon Advanced Materials has commenced a Preliminary Economic Assessment (PEA) for a new lithium hydroxide conversion facility, which will be conducted by DRA Americas Inc., a wholly owned subsidiary of DRA Global. This facility, to be managed under Avalon’s subsidiary Lake Superior Lithium Inc., aims to process high-grade lithium concentrates from various sources using Metso’s...
READ MOREKBR, a global leader in engineering, procurement, and construction, has entered into an alliance agreement with GeoLith SAS to enhance lithium extraction technologies. This partnership marks a significant step in promoting sustainable practices in lithium production—a critical component in the burgeoning electric vehicle industry. KBR will become the exclusive global licensor of GeoLith’s advanced Direct...
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The Yahua Group, a Chinese investor mining lithium in Kamativi, Hwange District of Matabeleland North province, Zimbabwe, has infused over US$2 million into various community development projects, garnering praise from local leaders and the community. This investment coincides with the commissioning of the Kamativi Mining Company (KMC) Phase One Lithium Processing Plant by President Mnangagwa,...
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