LithiumBank Resources has officially opened its pilot plant in Calgary, a key step in unlocking Alberta’s significant lithium resources. This milestone is expected to contribute to the feasibility phase of LithiumBank’s development plans as the Company progresses toward commercial development. Paul Matysek, Executive Chairman of LithiumBank, emphasized the importance of this development, stating, “Licensing of...
READ MORERio Tinto’s Carbon-Free Aluminum Production Arvida Smelter Project Rio Tinto Corporation plans to produce carbon-free aluminum at its Arvida smelter in Canada by installing inert anode electrolyzers. A pilot line with ten electrolyzers is set to be designed and commissioned, leveraging a technology license from Elysis, a joint venture between Rio Tinto and Alcoa. Investment...
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Saga Metals has executed an option to joint venture agreement with Rio Tinto Exploration Canada (RTEC) for its Legacy Lithium Project in the James Bay Lithium District. Under this agreement, RTEC has the option to acquire an initial 51% interest in the Legacy Lithium Project over four years, subject to meeting specific conditions. To exercise...
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SQM, a major player in the lithium market, is making significant strides in expanding its lithium production capabilities beyond Chile under the leadership of Mark Fones Illanes, Vice President of Development and M&A. Fones, who joined SQM in 2003, has been instrumental in driving these international ventures. In Sweden, SQM has partnered with Talga Group...
READ MOREObeikan Group has executed a Shareholder Agreement and a Deed of Assignment for the development and operation of a lithium hydroxide processing plant in the Kingdom of Saudi Arabia. The joint venture company, Arabian New Energy, is progressing towards incorporation pending successful registration and approval by the KSA Regulatory Authorities. European Lithium has announced this...
READ MORELG Energy Solution and Liontown Resources have announced a strategic partnership to enhance their collaboration in the global lithium market. This partnership includes an extension of LG Energy Solution’s existing 5-year offtake agreement with Liontown by an additional 10 years, making it a total of 15 years. Under the extended agreement, Liontown will supply 700,000...
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The prices of lithium, a critical metal used in electric vehicle (EV) batteries, are expected to remain below the highs seen in 2022-23 due to a surplus in supply. Analysts note that the market has been oversupplied, leading to a decrease in prices of over 5% since the start of 2024. Currently, battery-grade lithium carbonate...
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Power Metal Resources, a London-listed exploration company, has announced the successful completion of an initial field exploration program at the Balthaga Lithium Project in Saudi Arabia. The exploration is part of an agreement with RIWAQ Al-Mawarid for Mining, a subsidiary of EV Metals Group plc, to earn a 30% ownership interest in 15 tenements, 13...
READ MORERock Tech Lithium is set to receive €100 million in funding to establish a lithium refinery in Guben, Brandenburg (Spree-Neisse). The majority of the funds will come from the state of Brandenburg, with the Federal Railway Authority (EBA) contributing around €10 million to support rail transportation infrastructure for the facility. Rock Tech is also negotiating...
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The world’s leading lithium producers expressed confidence in long-term demand for electric vehicle (EV) battery materials at the Fastmarkets Lithium Supply and Battery Raw Materials Conference in Las Vegas. This optimism comes despite a significant price drop that has led to layoffs and delayed expansions. Lithium demand has surged over the past decade, moving beyond...
READ MOREE3 Lithium, a leading Canadian lithium company, has announced promising results from its Pre-Feasibility Study (PFS) for the Clearwater Project in Alberta. The study confirms the project’s economic viability and environmental sustainability, marking Canada’s first lithium-in-brine proven mineral reserve. Key Highlights: – Production: 32,250 tonnes per year of Lithium Hydroxide Monohydrate (LHM) – Reserves: 1.29...
READ MORERock Tech Lithium has announced it will receive up to 100 million Euros in direct grants for its lithium refinery in Guben, Germany. This funding comes from the State of Brandenburg and the German Railway Authority, with further applications for federal guarantees ongoing. Brandenburg’s Ministry for Economic Affairs, Labour and Energy has committed up to...
READ MOREJordProxa and Zelandez have announced a new partnership aimed at accelerating lithium production from brine mining companies in North and South America. The collaboration was formalized in a signing ceremony in Las Vegas with Elie Sakhat, Director of JordProxa, and Gene Morgan, CEO of Zelandez. This partnership combines JordProxa’s expertise in modular plant design with...
READ MOREExxon Mobil has signed a non-binding memorandum of understanding to supply up to 100,000 metric tons of lithium to South Korean battery developer SK On from its proposed Arkansas lithium project. The international energy company announced the agreement on June 25. “The world needs more lithium to support its emissions goals, and we’re doing our...
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Eureka Lithium has announced the launch of its 2024 exploration program targeting lithium-bearing pegmatite deposits in the Nunavik region. The company will begin its extensive fieldwork in the New Leaf area in the coming weeks. Continuing its collaboration with GroundTruth Exploration, Eureka aims to build on the successes of the previous year. GroundTruth, known for...
READ MORELilac Solutions announced on Tuesday that the latest version of its lithium extraction technology can recover more than 90% of lithium from various brine formations and has halved the construction cost of its system. The release of this data addresses concerns about the efficiency and economics of Lilac’s direct lithium extraction (DLE) technology, which is...
READ MOREGradiant, a global provider of advanced water and wastewater treatment solutions, has announced the creation of alkaLi, a new standalone company focused on accelerating the production of battery-grade lithium. alkaLi will leverage EC(2), the world’s only all-in-one solution designed to Extract, Concentrate, and Convert lithium efficiently. EC(2) offers a rapid production process, significantly reducing operational...
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Initial reports from soil and rock chip sampling at Pan Asia Metals’ KT East lithium prospect in southern Thailand have identified a highly-prospective zone rich in lepidolite pegmatites, extending approximately 1.5km in length and 500m in width. The KT prospect, located 35km north of Pan Asia’s RK and BT prospects, already shows a larger footprint...
READ MORENorway’s Potential Entry into the Rare Earths Market Fen Deposit Development by Rare Earths Norway (REN) Norway could become a significant producer of rare earth metals through a project led by Rare Earths Norway (REN) to develop the large Fen deposit. Fen, an ancient volcano with magma rich in carbonates, contains substantial rare earth elements....
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Pilbara Minerals, Australia’s largest independent lithium producer, announced plans on Friday to double its production capacity for lithium spodumene at the Pilgangoora operation in Western Australia. The A$1.2 billion ($799.2 million) investment aims to increase output to 1.9 million tonnes per year, pending a feasibility study’s results expected in late 2025. The expansion involves constructing...
READ MOREIncreased offtake agreements between automakers and mineral suppliers and a shift towards more affordable lithium-iron-phosphate batteries for electric vehicles are providing long-term stability for lithium demand, according to Rod Colwell, CEO of Controlled Thermal Resources Holdings. Speaking at the Giga USA 2024 conference organized by Benchmark Mineral Intelligence, Colwell discussed the Hell’s Kitchen lithium extraction...
READ MORESerbian President Aleksandar Vucic is poised to give Rio Tinto the go-ahead to develop Europe’s largest lithium mine, two years after the project was halted, according to the Financial Times. Vucic indicated that “new guarantees” from Rio Tinto and the European Union have addressed Serbia’s environmental concerns about the Jadar site in western Serbia. “If...
READ MOREAlbemarle’s Efforts to Strengthen U.S. Lithium Sovereignty Kings Mountain Lithium Mine Project Albemarle Corporation held public hearings on the Kings Mountain lithium mine project, located at one of the largest pegmatite deposits in the United States. The project aims to produce approximately 420,000 tons of spodumene concentrate annually. The initiative includes utilizing a former mica...
READ MORESummit Nanotech and Zelandez have signed a non-binding letter of intent (LOI) on May 14, 2024, to streamline the process from brine to battery, utilizing Summit’s denaLi Direct Lithium Extraction (DLE) technology and Zelandez’s ErLi carbonation technology. This LOI initiates discussions for an evaluation project using brine from one of Summit’s South American salars to...
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