Ryan Melsert, CEO of American Battery Technology (NASDAQ: ABAT), recently spoke with Benzinga about the company’s latest milestones, the state of the lithium market, and its role as a critical supplier for the green energy sector. Melsert highlighted the company’s balanced approach to working with retail investors and strategic partners, which has been crucial in...
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Calgary-based E3 Lithium has received $5 million in new funding from the Alberta government, a boost that the company says will help advance its multibillion-dollar lithium extraction project. The funding, drawn from Alberta’s Technology Innovation and Emissions Reduction (TIER) fund, supports E3’s ongoing efforts to extract lithium from old oilfields, a process that could be...
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European Energy Metals has applied for five new Exploration Licenses (ELs) in Finland, increasing its total land holdings in the country to 15,770 hectares. The new ELs cover 10,220 hectares in the Kaustinen region, an area known for its potential in Lithium-Cesium-Tantalum (LCT) Pegmatites. These new licenses are strategically located near existing deposits and infrastructure,...
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Pilbara Minerals Limited and Latin Resources have entered into a binding Scheme Implementation Agreement (SIA), under which Pilbara Minerals will acquire 100% of Latin Resources’ shares through a Court-approved scheme of arrangement under the Corporations Act 2001. This acquisition positions Pilbara Minerals to significantly enhance its lithium production capabilities. Highlights of the Acquisition: – Strategic...
READ MOREAs China accelerates the development of its battery supply chain, the global lithium market is encountering a precarious situation with potential opportunities for price recovery, despite recent lows. Speaking at the Diggers and Dealers Mining Forum in Kalgoorlie, Australia, on August 7, Ken Brinsden, CEO and President of Patriot Battery Metals Inc., expressed optimism about...
READ MORELi-S Energy, an Australian battery technology company, has inaugurated its new 2MWh lithium sulfur and lithium metal battery production facility in Geelong, Victoria. The facility, Australia’s largest pouch cell production line, will also manufacture lithium foils and laminates, following a government grant to support its development. The official launch was attended by Dr. Lee Finniear,...
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SES AI Corporation, a leading developer and manufacturer of high-performance lithium-metal batteries, has announced the successful conversion and acceptance testing of its Urban Air Mobility (UAM) lithium-metal cell production facility in Chungju, South Korea. This development represents a significant step forward in the company’s efforts to commercialize its lithium-metal battery technology. The facility is now...
READ MORESPIMEX Proposal for Aluminum Exchange Trading in Russia Introduction of Exchange Trading for Rusal’s Aluminum The St. Petersburg International Mercantile Exchange (SPIMEX) has proposed launching exchange trading for primary aluminum produced by Rusal. This proposal comes in response to recent restrictions imposed by the U.S. and British authorities, which have banned Rusal from trading its...
READ MOREVulcan Energy Resources, a Perth-based company supported by Gina Rinehart, has commenced the commissioning of its lithium hydroxide testing plant in central Germany. The plant, located near Frankfurt, represents a key step in Vulcan’s plans to establish a commercial-scale facility aimed at enhancing Europe’s electric vehicle supply chain. The testing plant will convert lithium chloride...
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Ken Brinsden, a key figure in the lithium industry, has proposed the introduction of a strategic pricing system akin to Australia’s former wheat desk to aid the critical minerals sector and help it compete with China’s market dominance. Speaking at the Diggers and Dealers conference, Brinsden suggested that setting a stable price for lithium and...
READ MOREThe global shift toward electrified economies is reshaping perceptions of energy security, with the supply of critical minerals like lithium, graphite, copper, and rare earths now dictating the pace of energy technology deployment. As countries scramble to secure these essential resources, the U.S. finds itself facing significant supply chain vulnerabilities despite its abundant mineral reserves....
READ MOREThe U.S. Department of Defense has awarded $11.8 million to Lithium Nevada Corporation to expedite the extraction and processing of lithium carbonate. This funding, provided through the Defense Production Act Investment (DPAI) office, aligns with the 2024 National Defense Industrial Strategy’s goal to enhance domestic production of critical minerals. Dr. Laura Taylor-Kale, Assistant Secretary of...
READ MOREArcadium Lithium has announced a review of its operations at Mount Cattlin in Western Australia, joining a growing number of lithium producers reassessing their strategies due to plummeting prices for the battery raw material. The lithium market has been shaken by a rapid increase in supply that has outpaced demand projections from several years ago,...
READ MORECentury Lithium has announced the successful integration of a lithium carbonate production stage at its Lithium Extraction Facility, also known as the Pilot Plant, located in Amargosa Valley, Nevada. This development is part of the company’s 100%-owned Angel Island Mine project. Prior to this addition, concentrated lithium solutions from the Pilot Plant were sent to...
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Arcadium Lithium has announced the acquisition of Li-Metal’s lithium metal business for $11 million in an all-cash deal. The acquisition includes the intellectual property and physical assets associated with lithium metal production, including a pilot production facility located in Ontario, Canada. Key personnel from Li-Metal’s lithium metal operations will transition to Arcadium Lithium as part...
READ MOREAlliance Nickel’s Faith in the Future of Nickel Ambitious Plans for NiWest Project Alliance Nickel, an Australian mining company, has ambitious plans to begin mining and processing nickel-cobalt ores from its NiWest project in 2027. The company aims to produce 90,000 tonnes of nickel and 7,000 tonnes of cobalt annually. The NiWest project, located in...
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Stu Shaun Staushorn, CEO of Rio Tinto, has suggested that the company may pursue significant mergers and acquisitions (M&A) as it looks to expand its lithium and copper operations. This marks a notable shift in strategy for the mining giant amid a broader trend of consolidation within the industry, as reported by local newspapers on...
READ MOREUS mining company Albemarle has announced a significant reduction in production and workforce at its $2 billion lithium hydroxide plant in south-west Western Australia, due to a sharp decline in lithium prices. The company will halt expansion plans, cut 300 jobs, and write down the plant’s asset value by approximately $1.5 billion. The decision involves...
READ MOREAmidst a continued decline in lithium prices, Albemarle, the world’s largest lithium miner, has decided to suspend its expansion plans in Australia. On Wednesday, Albemarle announced a comprehensive evaluation of its costs and operational structure. This evaluation will involve halting the construction of a lithium processing production line at its Kemerton facility in Australia and...
READ MOREJindalee Resources, now JLL, has announced a significant milestone by producing battery-grade lithium carbonate from its McDermitt project in Oregon. This development follows test work at Hazen Research Inc in collaboration with Fluor, the lead engineer for the ongoing pre-feasibility study (PFS). McDermitt is the largest lithium deposit in the US, with a resource of...
READ MOREEuropean Metals Holdings Limited has announced updates on the progress of its Cinovec Lithium Project. The company is actively working on the completion timeline for the Definitive Feasibility Study (DFS) and the construction of the lithium processing plant. The relocation of the lithium processing plant from Dukla to Prunéřov necessitated additional geotechnical work to determine...
READ MORERemedium Lifecare has announced a strategic partnership with UK-based Angel Partners to acquire technology for manufacturing lithium carbonate in India. This collaboration, effective from July 29, 2024, aims to bolster India’s capabilities in producing essential materials for lithium-ion batteries. In addition to this partnership, Remedium Lifecare has also entered into an annual supply agreement with...
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Thousands of protesters gathered across several towns in Serbia on July 29 to express their opposition to the reopening of a controversial lithium mine. The mine, located near the western city of Loznica, had been closed for two years following widespread public dissent. The project, led by Anglo-Australian mining company Rio Tinto, has been a...
READ MORESix months after Sayona Mining and Piedmont Lithium announced a cost-cutting review at their jointly owned North American Lithium (NAL) mine in Quebec, the operation is still struggling to stabilize. In the second quarter, NAL produced 49,660 dry metric tonnes of 5.3% concentrate, a 23% increase from the previous quarter, attributed to improved mill utilization,...
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