Development Progress and Construction Plans Atlantic Lithium has updated its progress on the Ewoyaa Lithium Project in Ghana, aiming to start construction by late 2024 and initial production in early 2025. The project received a Bulk Customer Permit for electricity, promising significant power cost reductions. The company is in the process of finalizing key contracts,...
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Placing Details and Share Issuance CleanTech Lithium, a company engaged in lithium exploration and development in Chile, has successfully raised GBP 8 million through a recent placing. This outcome surpassed the initial fundraising target, leading to the issuance of 36,363,638 Placing Shares, which will constitute about 25% of the company’s expanded share capital. The placing...
READ MORENotable Discoveries and Drilling Progress United Lithium Corp. has shared initial results from its 2023 drilling program at the Bergby Lithium Project in Sweden. The program’s recent phase resulted in identifying two new pegmatite bodies, expanding the total number of identified pegmatites at the site to five. The project spans 10,828 hectares and is situated...
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Progress in Lithium Exploration European Energy Metals has finished its first phase of lithium exploration in Central Finland. The July to October program entailed reconnaissance prospecting, geological mapping, and investigation of known and potential lithium-cesium-tantalum (LCT) type pegmatites. The fieldwork identified multiple pegmatites and pegmatite swarms, including spodumene-bearing pegmatite boulders. A total of 1,099 rock...
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Operational Results from El Dorado Plant Standard Lithium Ltd. has shared results from its Direct Lithium Extraction (DLE) process conducted at the El Dorado Demonstration Plant in Arkansas. This plant, operational since May 2020, represents a large-scale, continuous DLE operation in North America. It has processed over 58 million liters of Smackover brine. Key performance...
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Initial Investments and Farm-In Terms Rio Tinto has entered into a farm-in agreement with Charger Metals for the Lake Johnston lithium project in Western Australia’s Goldfields. Rio will initially invest $1.7 million, comprising a $500,000 payment and $1.2 million in preliminary exploration funding. To earn a 51% stake, Rio Tinto must contribute $10 million towards...
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New Plant for Lithium Salt Production Duksan Electera, a Korean manufacturer specializing in secondary battery electrolytes, has entered into an exclusive agreement with Singapore-based Visionary Energy. This partnership focuses on producing lithium salt, a crucial component in electric vehicle battery production, in Morocco. Visionary Energy plans to establish a lithium salt factory in Morocco by...
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Funding Breakdown and Project Goals Andrada Mining, focusing on lithium exploration at its Uis tin mine in Namibia, has secured a $25 million financing package to advance its lithium production project. This funding, obtained through Orion Resource Partners, includes a combination of a $10 million convertible loan, a $2.5 million subscription of common shares, and...
READ MOREKey Agreement Details Galan Lithium Limited has announced a partnership with Glencore, a leading global diversified natural resource company, for its Hombre Muerto West (HMW) Lithium Project. The binding agreement includes: Strategic Implications Project Development and Production Timeline Don’t forget to read more: “China to Increase Scrap Copper Imports for Sustainable Copper Production“
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Project Overview and Capacity Targets Vulcan Energy Resources has released the results of its Bridging Engineering Study for the initial phase of its Zero Carbon Lithium Project. The project aims to be the first integrated renewable geothermal energy and lithium hydroxide producer with net zero greenhouse gas emissions, thereby supporting Europe’s lithium supply chain for...
READ MOREStrategic Expansion in Rich Mining Territory Infinity Mining has significantly expanded its lithium exploration territory in the Pilbara region of Western Australia, now covering a vast 795 square kilometers. This expansion comes with the acquisition of a new 112 sq km exploration licence from TasEx Geological Services, positioning Infinity Mining as a key player in...
READ MOREExpansion and Acquisitions Drive Growth Mineral Resources, an Australian diversified miner, is on track to double its lithium production in Western Australia in the next fiscal year. This surge in output follows the company’s aggressive expansion at the Wodgina mine, co-owned with Albemarle, and strategic acquisitions in the lithium sector. The company has recently emerged...
READ MOREInvestment and Construction Plans Taiwan Cement Group (TCC Group) has announced that its subsidiary, E-One Moli, will establish a high-performance lithium-ion battery cell plant in Vancouver, Canada. With an investment of NT$25.5 billion (approximately $790.5 million), the plant is anticipated to produce up to 135 million battery cells annually, making it the largest facility of...
READ MOREResource Expansion and Future Prospects Kodal Minerals has reported a significant increase in the lithium resource of its Bougouni project in southern Mali. The updated estimate shows a 40% growth over the 2019 figures, now standing at 31.9 million tonnes, which includes both inferred and indicated resources. This enhancement results from successful drilling programs at...
READ MOREDrilling Milestone Reached Sienna Resources has successfully concluded the initial drilling phase at its Elko Lithium Project located in Elko County, Nevada. The company is now preparing the collected samples for laboratory analysis. Anticipation for Future Phases President Jason Gigliotti expressed satisfaction with the timely completion of this phase, especially considering the approaching winter conditions....
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Submission of Exploration Licenses European Energy Metals has applied for two Exploration Licenses covering 4,550 hectares within the larger 11,690-hectare Nabba Reservation in Finland. The licenses, Nabba EL and Nabba 2 EL, are strategically located near the Keliber Projects of Sibanye-Stillwater and will enable the company to conduct detailed exploration activities. Nearby Mining Developments The...
READ MOREExxon Mobil’s Strategic Shift to Lithium Production Exxon Mobil has announced plans to establish a lithium production facility in Arkansas, marking its first significant step into metal production, essential for electric vehicle (EV) batteries. This initiative reflects the company’s recognition of the increasing competition posed by battery-powered vehicles to its traditional oil business. Investment in...
READ MORENew Entrant in Lithium Exploration Kali Metals is emerging on the Australian Securities Exchange horizon, aiming for a significant $12 million IPO as it prepares to make its mark in the lithium exploration sector. Diverse Asset Portfolio in Key Regions With a comprehensive suite of lithium interests, Kali Metals boasts an expansive 3854sqkm portfolio across...
READ MOREAssay Results and Project Developments Midland Exploration and Rio Tinto Exploration Canada have reported new assay results from their recent work at the Galinée project. The partnership’s latest fieldwork has led to the identification of lithium-bearing spodumene pegmatite dikes. The most notable discovery at the Iceberg showing revealed a 600-meter strike with lithium oxide (Li2O)...
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Prepayment Details Sigma Lithium recently confirmed receipt of a 50% prepayment from Glencore for their upcoming third shipment of Triple Zero Green Lithium, amounting to 20,000 tons. This prepayment notably includes a 9% premium pricing, tied to the provisional price of lithium hydroxide at the LME. Distribution Agreement This transaction is part of an existing...
READ MORETechnical Hurdles at Kwinana Battery metals miner IGO has been confronted with persistent technical issues at its Kwinana operation, with interruptions affecting the operation’s ramp-up. Despite these challenges, the Kwinana lithium hydroxide refinery managed to show improved operational outcomes. However, total lithium hydroxide production for the quarter was 607 tonnes, with 500 tonnes being of...
READ MOREFinancial Highlights: A Closer Look at Q3 Eramet has announced its Q3 2023 adjusted turnover of EUR 980 million, marking a 26% decrease compared to the same period in 2022. This decline is primarily attributed to a considerable drop in selling prices, which saw a 27% decrease year-on-year. However, it wasn’t all downward trends, as...
READ MOREAterian has officially announced the commencement of a unique joint venture with industry behemoth Rio Tinto, focused on lithium exploration in Rwanda. The collaboration became actionable after Aterian successfully fulfilled the prerequisite conditions. As of Tuesday, the initiation of this enterprise marks a significant step in Africa-focused mineral endeavors. Since August, Rio Tinto has laid...
READ MORESolis has embarked on a 3,600-meter diamond drill program at its Estrela prospect, situated in the burgeoning Borborema Lithium Province. The drilling endeavor has begun, with the first of two track-mounted rigs targeting a pegmatite site known for its high lithium content, evidenced by prior rock chip results showing up to 7.6% Li2O. This initiative...
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