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Critical Minerals News

Jindalee positive on McDermitt future

By: Esmarie Iannucci     16th September 2021 An initial scoping study into the McDermitt lithium project, in Oregon, has confirmed that the project could support a viable stand-alone lithium mining and processing operation. ASX-listed Jindalee Resources said on Thursday that the study had confirmed the potential to produce high quality... 

Vulcan completes first part of capital raise

By: Esmarie Iannucci     16th September 2021 ASX-listed Vulcan Energy has completed a A$200-million share placement to advance its Zero Carbon lithium project, in Germany. The company earlier this week announced plans for a A$220-million capital raise, consisting of a A$200-million share placement to sophisticated, professional and... 

Siviour gets major project status

By: Esmarie Iannucci     16th September 2021 ASX-listed Renascor Resource’s A$209-million Siviour battery anode material operation, in South Australia, has been granted Major Project status by the federal government. Minister for Resources and Water Keith Pitt said the Siviour project is expected to support over 100 new jobs during the... 

Sibanye-Stillwater buys half of ioneer’s Nevada project for $490m 

By: Mariaan Webb     16th September 2021 Johannesburg- and New York-listed miner Sibanye-Stillwater is investing $490-million in a lithium-boron mining project in Nevada, US, as it steps up its presence in the battery materials supply chain. Sibanye-Stillwater on Thursday announced that it would establish a joint venture (JV) with... 

An image of Sibanye-Stillwater CEO Neal Froneman
Sibanye-Stillwater CEO Neal Froneman

Qld gets ready for first vanadium mine

By: Esmarie Iannucci     15th September 2021 The Queensland government has approved the mining license for the state’s first vanadium mine, green-lighting Multicom Resources’ A$250-million Saint Elmo project, near Julia Creek. “I congratulate Multicom as the first cab off the rank in an exciting new era for Queensland’s resources sector,... 

Image shows a close-up of broken core samples

Poseidon reports maiden resource at Silver Swan tailings

By: Esmarie Iannucci     15th September 2021 Nickel developer Poseidon Nickel has reported a 675 000 t Joint Ore Reserves Committee compliant mineral resource estimate for the Silver Swan tailings, in Western Australia. Grading at 0.92% nickel and 683 parts per million cobalt, the tailings are estimated to contain some 6 200 t of nickel... 

South Africa’s junior mining dearth result of unintended consequence – AmaranthCX  

By: Martin Creamer     14th September 2021 South Africa’s junior mining dearth is a result of savings no longer flowing through to primary capital raising and stock exchange listings, as the Jacobs Committee expected them to do. The unintended consequence is that there are no longer small investors for small companies. This has negatively... 

Creamer Media screenshot of AmaranthCX director Paul Miller taken during Zoom interview.
AmaranthCX director Paul Miller interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Lithium firm Vulcan sets sights on A$220m raise

By: Esmarie Iannucci     14th September 2021 Lithium developer Vulcan Energy Resources will raise A$200-million in an underwritten share placement to sophisticated, professional and institutional investors to support its goal of becoming the world’s first zero carbon lithium company. The ASX-listed company would also undertake a share... 

Image shows Australian currency

Tianqi Lithium revives plans for Hong Kong listing

By: Reuters     13th September 2021 Tianqi Lithium's board of directors have unanimously approved a proposal to list shares in Hong Kong, the Chinese company said on Monday, reviving plans for a flotation it originally sought to make three years ago. One of the world's top producers of lithium chemicals for electric vehicle (EV)... 

American Pacific Borates hunts for lithium partner in California

By: Esmarie Iannucci     13th September 2021 ASX-listed American Pacific Borates is hunting for a partner to extract lithium from its Fort Cady boron project, in Southern California. The company told shareholders on Monday that while the boron specialities business unit remained the company’s primary focus, the improving lithium economics... 

US House committee moves to block Rio Tinto's Resolution mine

By: Reuters     13th September 2021 A US House of Representatives committee has voted to include language in a wider budget reconciliation package that would block Rio Tinto from building its Resolution copper mine in Arizona. The San Carlos Apache tribe and other Native Americans say the mine would destroy sacred land where they... 

An image of mining infrastructure at Resolution in Arizona.

National collaboration essential to win share of green hydrogen market, say debaters  

By: Martin Creamer     13th September 2021 South Africa’s early mover advantage in green hydrogen would fade and become ineffective over time without a collaborative, collective and holistic national approach that assures the export of green hydrogen over and above its domestic use. That was the strong message that came across in the... 

Screenshot taken by Creamer Media during debate on green hydrogen.
Hydrogen Economy Discussion covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Broadening ESG has provided clear paths to economic benefit – Sibanye-Stillwater  

By: Martin Creamer     10th September 2021 Sustainability is not a function of compliance but rather a strategic imperative to change the role that mining plays in society and in economies, says Sibanye-Stillwater senior vice-president and head of sustainability Loyiso Ndlovu. “We do this by sticking to the knitting in being miners, and... 

Sibanye Investor Day 2021
Sibanye-Stillwater Investor Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

By: Mariaan Webb     10th September 2021 The Biden administration will relaunch a process that could permanently ban the development of the contentious Pebble mine in Alaska’s Bristol Bay watershed, which is home to North America’s most productive salmon fisheries. According to news reports, the Department of Justice asked in an Alaska... 

Biden administration moves to permanently block Pebble as new PEA outlines project's long-term potential

Ganfeng Lithium outbid in battle for M&A target Millennial

By: Reuters     10th September 2021 Ganfeng Lithium's deal to acquire Argentina-focused Millennial Lithium is under threat after Millennial received a rival takeover offer from a battery maker it thinks is superior to its earlier agreement with the Chinese company. Ganfeng, one of the world's biggest producers of lithium chemicals... 

An image of a lithium brine project.

Election result ignites opportunity to participate in supercycle

By: Claire O'Reilly     10th September 2021 With copper in the midst of a supercycle, and the recent ousting of Zambian President Edgar Lungu and the election of President elect Hakainde Hichilema, the potential for rapid reform to increase production and “seize what remains of the super cycle, should not be overlooked”, says law firm... 

Poseidon settles on refurbishment option for Black Swan

By: Esmarie Iannucci     9th September 2021 Nickel developer Poseidon Nickel is targeting a final investment decision on the restart of its Black Swan operation, in Western Australia, in May next year, with mill commissioning targeted for December. The company on Thursday told shareholders that outcomes of the recent scoping studies on... 

Hannans looks at battery recycling in Europe

By: Esmarie Iannucci     9th September 2021 Minerals explorer Hannans has singed a memorandum of understanding (MoU) to commercialise lithium-ion battery (LiB) recycling technology in Norway, Sweden, Denmark and Finland. The company on Thursday told shareholders that it had been provided the rights to recovery high purity metals from... 

BHP signs partnership deal with billionaire-backed AI explorer KoBold

By: Reuters     8th September 2021 BHP Group will team up with billionaire-backed AI exploration firm KoBold Metals to look for battery minerals like copper and nickel in Australia and other global locations, the companies said on Wednesday. The world's largest miner is building out its portfolio in what it calls "future facing... 

Lithium producer Albemarle says Chile output on track despite strike

By: Reuters     7th September 2021 Albemarle, the world's top lithium producer, said on Tuesday it has maintained output from its Chile operations despite an ongoing strike by one of the company's four unions in the South American nation. The 135-member "Albemarle Salar" union, which the company said comprises about half the... 

Core expands SPP raising

By: Esmarie Iannucci     7th September 2021 Lithium developer Core Lithium on Tuesday announced that it has increased its recently announced share purchase plan (SSP) from A$15-million to A$25-million, following significant interest from shareholders. Core previously unveiled a A$106-million capital raise to fund the development of its... 

Mincor raises A$65m for Kambalda works

By: Esmarie Iannucci     7th September 2021 Nickel developer Mincor Resources will raise A$65-million to de-risk production at its Kambalda operation, in Western Australia. The ASX-listed miner on Tuesday announced that it would place more than 46.8-million shares, at a price of A$1.28 a share, to investors under the company’s existing... 

WA unveils resources strategy

By: Esmarie Iannucci     7th September 2021 The resources sector has welcomed the Western Australian government’s release of its Resources Development Strategy, which outlined six priorities and focuses on policy to streamline approval processes, promote investment opportunities, and a commitment to continuing to support the successful... 

Image shows an openpit mining operation

ioneer taps DuPont for Nevada plant

By: Esmarie Iannucci     7th September 2021 ASX-listed ioneer has awarded DuPont Clean Technologies a contract for the license, engineering, and supply of proprietary equipment for the planned sulphuric acid plant at the its Rhyolite Ridge lithium-boron project, in Nevada. The plant will produce sulphuric acid for the leach process, along... 

Group lobbies US Congress to incentivise rare earth magnet manufacturing

By: Creamer Media Reporter      7th September 2021 A group of rare earth industry players is lobbying the US Congress to approve bipartisan legislation providing tax incentives for US manufacturing of permanent rare earth magnets. The industry coalition has urged support for HR 5033, cosponsored by Republicans Eric Swalwell and Guy... 

Wyloo wants Noront directors to disclose any BHP benefits

By: Mariaan Webb     7th September 2021 Australian mining magnate Andrew Forrest's Wyloo Metals has called on the board of takeover target Noront Resources to disclose if they are afforded any benefits by diversified major BHP that will not be made available to ordinary shareholders. These include any early exercise or vesting options... 

Andrew Forrest
Andrew Forrest

Nornickel lists first ETC physically backed by carbon-neutral nickel

By: Reuters     6th September 2021 Russia's Nornickel has listed the world's first exchange traded commodity (ETC) physically backed by carbon-neutral nickel, the producer said on Monday, as it looks to attract more investors to metals needed for the global energy transition. The world's largest producer of palladium and... 

Australia's Eastern Iron to develop lithium projects with China's Sichuan Yahua

By: Reuters     6th September 2021 Eastern Iron said on Monday it would collaborate with a unit of China's Sichuan Yahua Industrial Group to buy and develop lithium projects, including the Trigg Hill lithium tantalum project in Western Australia. Prices of lithium, a key ingredient used in electric vehicle batteries, have surged... 

MinRes sells Pilbara stake

By: Esmarie Iannucci     6th September 2021 The share price of lithium producer Pilbara Minerals fell on Monday, after shareholder Mineral Resources announced the sale of its 5.4% shareholding in the company for A$328-million. Mineral Resources said on Monday that the sale was executed via a fully underwritten accelerated block trade... 

Image shows trading board at the ASX

Covelant secures space at Kwinana

By: Esmarie Iannucci     2nd September 2021 Lithium developer Covalent Lithium has entered into a long-term lease for a 40-ha site in the Kwinana Strategic Industrial Area (SIA) where it will start construction of a lithium refinery. Covalent, which is a joint venture between ASX-listed Wesfarmers and Chilean company Sociedad Química y... 

Jervois completes Freeport Cobalt buy

By: Esmarie Iannucci     2nd September 2021 Triple listed Jervois Global has closed the $160-million buy of Finland-based Freeport Cobalt. Jervois in July this year struck an agreement to acquire Freeport Cobalt, which is the cobalt refining and speciality products business retained by US-headquartered Freeport-McMoRan and Toronto-listed... 

Goulamina demerger targeted for early 2022 - Anderson

By: Esmarie Iannucci     2nd September 2021 ASX-listed Firefinch is hoping to finalise the demerger of its Goulamina lithium project, in Mali, early next year, MD Michael Anderson told delegates at Paydirt’s Africa Downunder conference. Firefinch in February this year flagged the possible spin-off of its Goulamina project into a... 

Nouveau Monde admitted to Global Battery Alliance

By: Creamer Media Reporter      1st September 2021 Canadian graphite developer Nouveau Monde has been admitted as an active member of the Global Battery Alliance (GBA) – a World Economic Forum initiative striving to establish a sustainable battery value chain. GBA members include Alliance for Responsible Mining, BMW Group, Google, Groupe... 

Talga starts trial mining in Sweden

By: Esmarie Iannucci     1st September 2021 ASX-listed Talga has started trial mining at its Vittangi graphite project, in northern Sweden. The trial mine, operating under a three-year permit issued by the Environmental Review Commission within the Norrbotten County Administration Board, covers the extraction of 25 000 t graphite ore from... 

Ganfeng shareholders back Firefinch JV

By: Esmarie Iannucci     1st September 2021 The shareholders of lithium developer Jiangxi Ganfeng Lithium Co have approved a 50% acquisition of the Goulamina lithium project, in Mali, and the formation of a joint venture (JV) with ASX-listed Firefinch. The two companies earlier this year struck an agreement under which Ganfeng would make... 

Australia can deliver on Japan's resources need - MCA

By: Esmarie Iannucci     1st September 2021 Australian miners had the ability to build on an existing trade partnership with Japan to supply critical materials to meet Japan’s current energy needs and developing the technologies of the future, including hydrogen with carbon capture storage. In its submission to the Department of Foreign... 

Volt undertakes share placement

By: Esmarie Iannucci     1st September 2021 ASX-listed Volt Resources has raised A$5.75-million in a share placement to fast-track the supply of battery anode material to European lithium-ion battery manufacturers. The company will place 230-million new shares at a price of 2.5c each, which represented a 15.5% discount to Volt’s 15-day... 

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