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Lithium News

MGX looking forward to booking first revenue by Oct as commercial petrolithium plants deploy

By: Henry Lazenby     28th April 2018 Budding energy metals producer MGX Minerals is looking forward to generating its first revenues later this year as the first commercial petrolithium extraction systems deploy to sites in Utah and Alberta. “It’s a liability until it becomes an asset,” president and CEO Jared Lazerson says of the... 

Birimian doubles Goulamina resource

By: Esmarie Iannucci     27th April 2018 ASX-listed Birimian has doubled the mineral resource estimate at its Goulamina lithium project, in Mali. Following recent exploration success, Birimian has revised the mineral resource at Golamina to 65-million tonnes, grading 1.43% lithium oxide, for a contained lithium oxide content of 931 000... 

Bulk sample collection under way at Savannah’s Mina do Barroso

By: Marleny Arnoldi     26th April 2018 Aim-listed diversified miner Savannah Resources on Thursday announced that the collection of a bulk sample is under way at its NOA deposit, which is one of three primary target areas that are currently being advanced at the Mina do Barroso lithium project, in Portugal.  

Bulk sample collection under way at Savannah’s Mina do Barroso
Savannah Resources CEO David Archer

Keliber applies for lithium mine enviro permit

By: Creamer Media Reporter      26th April 2018 Finnish mining company Keliber has submitted the environmental and water permit application for its proposed Syväjärvi lithium mine. The permit application to the Regional State Administrative Agency of Inner and Western Finland includes the ore and waste rock mining, stockpiling the waste rock,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

By: Henry Lazenby     25th April 2018 A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... 

N American oil & gas, mining sectors released a third of total 2013 pollution – report

Raw material suppliers join Finland battery factory project

By: Mariaan Webb     25th April 2018 Five companies that can supply essential raw materials for an emerging battery industry in Finland have joined a cooperation network that aims to obtain international investment in the battery cluster. The cooperation network includes the cities of Vaasa and Kokkola, Freeport Cobalt, the... 

Raw material suppliers join Finland battery factory project

Bald Hill hauls first concentrate

By: Esmarie Iannucci     24th April 2018 The Bald Hill lithium and tantalum mine, in Western Australia, has hauled its first spodumene concentrate, one month after first concentrate was produced. Joint venture partners Tawana Resources and Alliance Mineral Assets on Tuesday reported that an initial shipment of 3 250 t of spodumene... 

Banchile auctions 1.5m shares in Chile's SQM, raises $76m

By: Reuters     21st April 2018 Brokerage firm Banchile on Friday auctioned 1.5-million series-A shares in Chile lithium miner SQM at a sale price of 30 000 pesos ($50.36) per share, raising a total of $76-million. SQM, which operates primarily in Chile's Salar de Atacama, is one of the world's largest and most cost-efficient... 

IronRidge secures additional exploration rights

By: Marleny Arnoldi     20th April 2018 Aim-listed IronRidge Resources’ joint venture (JV) with Joy Transporters over the Saltpond and Cape Coast projects, in Ghana, has been finalised.  

Lithium-ion industry to take centre stage in next five years

By: Simone Liedtke     20th April 2018 At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion)... 

Bolivia nearing deal on partner to develop lithium – Minister

By: Reuters     20th April 2018 Bolivia's energy minister said on Thursday the government would pick a partner to develop the country's ample lithium resource "in coming days" after narrowing the field of candidates to two firms from Russia and Germany. The South American nation hopes to sign a deal with a foreign partner after... 

Latin America the leading region in new global wave of exploration

By: Rebecca Campbell     20th April 2018 Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... 

Latin America the leading region in new global wave of exploration

Drilling continues at Kodal’s Bougouni project

By: Anine Kilian     19th April 2018 Aim-listed Kodal Minerals plans to continue reverse circulation drilling on its Mali-based Bougouni lithium project until the start of the rainy season in June/ July. "We are continuing with the major exploration and definition programme at Bougouni, with multiple key activities happening in... 

Chile's SQM says lithium industry needs at least $10bn investment over 10 yrs

By: Reuters     18th April 2018 The global lithium industry will need $10-billion to $12-billion of investment over the next decade to meet surging demand amid the electric vehicle boom, an executive of Chilean miner SQM said on Wednesday. Demand for the metal is set to grow by 600 000 t to 800 000 t of lithium carbonate... 

Lithium Australia recommissions VSPC plant

By: Esmarie Iannucci     18th April 2018 ASX-listed Lithium Australia is recommissioning the cathode powder plant acquired through its recent takeover of technology company VSPC. The VSPC facility, which consists of a two- to four-tonne a year pilot plant, incorporates an integrated laboratory, coin-cell production facility and battery... 

IronRidge to start drilling at Ghana lithium deposit

By: Marleny Arnoldi     17th April 2018 Aim-listed IronRidge Resource has received the necessary approvals and earthworks have started for drill access and drill pads over its Ewoyaa pegmatite deposit, in Ghana.  

Nemaska secures $150m streaming deal with private lender Orion

By: Henry Lazenby     16th April 2018 Quebec-based lithium producer Nemaska Lithium has secured a $150-million streaming financing deal with private lender Orion Mine Finance Group. Under terms of the streaming deal, Orion will take 14.5% of the lithium hydroxide and lithium carbonate produced at Shawinigan and that are sold to third... 

Force looks to consolidate DRC projects

By: Esmarie Iannucci     16th April 2018 The share price of junior Force Commodities surged by nearly 5% on Monday as the company announced the consolidation of the Kitotolo lithium project, in the Democratic Republic of Congo. Force has signed a binding heads of agreement with Walni Mineral Company to acquire a 75% interest in the... 

First ‘Resources for Future Generations’ conference to be held in Vancouver

By: Henry Lazenby     13th April 2018 The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... 

First ‘Resources for Future Generations’ conference to be held in Vancouver
Photo by Resources for Future Generations Conference
RFG2018 chairperson John Thompson

Savannah to incentivise senior management as it expedites mining projects

By: Marleny Arnoldi     13th April 2018 Aim-listed resource development company Savannah Resources has implemented a long-term incentive plan (LTIP) to incentivise executive directors and certain senior management as the company continues to expedite its projects to tap into the growing market for energy metals.  

W Africa exploration to benefit from global mining upturn

By: Erin Steenhoff-Snethlage     13th April 2018 Global investor confidence in mining is slowly returning, but opinion is divided about whether mines will be able to maintain and grow production without relinquishing their cost discipline of the past few years, states the Prospectors & Developers Association of Canada (PDAC). There has been... 

W Africa exploration to benefit from global mining upturn
GLENN MULLAN The Prospectors & Developers Association of Canada says the recovery of the global mining industry will have a knock-on effect in mining exploration and investments in West Africa

Latitude takes stake in Zim project

By: Esmarie Iannucci     12th April 2018 Junior explorer Latitude Consolidated has moved to acquire a 70% interest in the Mbeta lithium project, in Zimbabwe. Under the terms of the agreement, Latitude will pay the owner of the project $50 000 in cash on the signing of an agreement, as a non-refundable deposit. A further $50 000 will be... 

LG Chem cobalt deal sets tone for battery cathode market

By: Henry Lazenby     12th April 2018 A new deal by Korean battery manufacturer LG Chem and China’s Huayou Cobalt is expected to set the tone for the lithium-ion battery cathode market. The two partners have announced a significant deal worth about $440-million to build a 40 000 t/y lithium-ion battery precursor materials plant and a... 

LG Chem cobalt deal sets tone for battery cathode market

European Metals appoints new COO

By: Marleny Arnoldi     11th April 2018 Exploration and development company European Metals announced on Wednesday the appointment of Neil Meadows as COO.  

Wodgina output marred by unexpected events - MinRes

By: Esmarie Iannucci     11th April 2018 ASX-listed Mineral Resources (MinRes) has warned shareholders that production at the Wodgina direct shipping ore (DSO) lithium project, in Western Australia, will be less than expected. The miner on Wednesday noted that a number of adverse weather events, some mechanical failures as well as... 

Lithium Americas rises on Nevada Lithium project resource growth

By: Henry Lazenby     10th April 2018 A new technical report on Lithium Americas’ 100%-owned Lithium Nevada project has increased the compliant measured and indicated resources by about 80% over the prior 2016 estimate, establishing the company as the largest and highest-grade known claystone lithium resource in the US. The National... 

Pilbara awaiting first DSO revenues

By: Esmarie Iannucci     10th April 2018 Lithium developer Pilbara Minerals was readying for its first revenue from direct shipping ore (DSO) operations at the Pilgangoora lithium-tantalum project, in Western Australia. Pilbara told shareholders that the first revenue from a mine gate sales agreement with fellow-listed Atlas Iron was... 

Vanadium batteries need 'Elon Musk moment' to kick-start market

By: Bloomberg     10th April 2018 Vanadium needs Elon Musk or another big player in the global battery market to get behind the metal in order to share centre stage with other energy-storage components such as lithium and cobalt. “When we get that moment, we’re off to the races,” Vincent Algar, MD of Australian Vanadium, said in... 

Atlas Iron agrees to takeover by MinRes

By: Esmarie Iannucci     9th April 2018 Iron ore miner Atlas Iron has struck a merger deal with mining infrastructure and production firm Mineral Resources (MinRes), as the companies seek to exploit synergies between their operations. The amalgamation of the companies iron-ore mining assets in the Pilbara would enable the combined... 

Tawana hits capital raise target prior to Alliance merger

By: Esmarie Iannucci     9th April 2018 Lithium developer Tawana Resources will raise A$20-million through the placement of more than 48.78-million new shares, at a price of 41c each. The share placement followed Tawana’s announcement of a merger of equals with joint venture partner Alliance Mineral Assets, to create a mid-tier... 

Lithium glut fears tempered by optimism over surging demand

By: Reuters     9th April 2018 Warnings of a lithium glut may be premature. For one thing, doomsayers assume all the lithium in brine or hard rock deposits will get processed, but that’s not the case, said Jay Roberge, partner and managing director at Tehama Capital Corporation, a Vancouver-based merchant bank. 

Orocobre Q3 production woes force 10% lower guidance

By: Henry Lazenby     6th April 2018 Argentinian lithium producer Orocobre lost more than 8% on the TSX on Thursday after reporting lower-than-expected lithium production in the fiscal third quarter from the Olaroz mine, as weather issues interfered with evaporation rates, which caused management to lower guidance by 10%. Orocobre... 

Orocobre Q3 production woes force 10% lower guidance

Bacanora terminates NextView placing, reaffirms Sonara H1 construction start

By: Mariaan Webb     6th April 2018 London-listed Bacanora Lithium has terminated its £31.17-million placing agreement with NextView, after the Chinese institutional fund management group defaulted on the December 2017 agreement. NextView would have acquired a 19.89% equity interest in Bacanora through the acquisition of 32 976... 

Novo Litio seeking to resolve Portugal project dispute commercially

By: Mariaan Webb     6th April 2018 Australia-listed Novo Litio has been engaging with Lusorecursos in Portugal to resolve the dispute concerning the ownership of the Sepeda lithium project commercially. This comes as a court last year denied Novo Litio’s request for expedited legal proceedings to hear the matter. 

Horomela expedites exploration programme, expects resource estimate

By: Nadine James     6th April 2018 Aspiring base metals exploration and mining junior Horomela Mining Investment & Resources has started its exploration programmes on various licences, including its Steinkopf 22, Naroep and Aggeneys zinc licences, all in the Northern Cape. The company expects to produce an exploration results... 

Zimbabwe wants mining companies to list on local exchange

By: Bloomberg     5th April 2018 Zimbabwe wants mining companies operating in the country to list the majority of their shares on the local exchange, stirring uncertainty among investors as the nation with the world’s biggest platinum reserves after South Africa tries to bring in money to fix the economy. “No mining right or... 

Savannah discovers high-grade lithium at Mina do Barroso

By: Creamer Media Reporter      5th April 2018 Aim-quoted Savannah Resources has discovered new high-grade lithium mineralisation at its Mina do Barroso project, in Portugal, where it believes the Grandoa deposit offers a significant near-term lithium development. The new mineralisation was discovered to the west and southwest of the main... 

Alliance-Tawana merger to create midtier lithium producer

By: Esmarie Iannucci     5th April 2018 ASX-listed Tawana Resources on Thursday announced a merger with its joint venture (JV) partner Alliance Mineral Assets to create a mid-tier lithium producer with a market cap of A$446-million. Under the terms of the merger agreement, Alliance will acquire all the issued shares of Tawana for 1.10... 

Alliance-Tawana merger to create midtier lithium producer

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