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Critical Minerals News

Miners welcome Morrison's election promises

By: Esmarie Iannucci     19th April 2022 The resources sector has been quick to welcome election promises from the Coalition government, after Prime Minister Scott Morrison promised a A$50-million investment to boost the critical minerals supply chain in Western Australia, along with a host of energy-related investments. The Prime... 

Tanzanian project continues to develop

15th April 2022 Aim-quoted investment company Armadale Capital announced in February that it had made further progress in developing its mining lease at the Mahenge Liandu project in Tanzania, as part of ongoing plans to hasten commercial operations. It announced that the board had applied for three incremental... 

Men standing around a core drilling machine which is taking geotechnical samples to be evaluated elsewhere, at the Mahenge Liandu project in Tanzania
GRAPHITE GRADING The testing at the Mahenge Liandu project in Tanzania continues as Armadale Capital have applied for additional exploration licenses

Investor announces sell down of equity position

15th April 2022 Investment adviser Appian in February announced a strategic sell-down of its equity position to global rare earths company Shenghe Resources. At the time, Appian noted it had substantially exited its position in ASX-listed Peak Rare Earths, generating strong risk adjusted returns for its investors. 

A group of men stood at a sign which says Peak Rare Earths at Ngualla rare earths project in Tanzanid
AT THE PEAK Tanzania's Ngualla rare earths project owned by Peak Rare Earths shows great promise

Kenmare notes continuing strong demand for its products

By: Tasneem Bulbulia     14th April 2022 London-listed Kenmare Resources, which operates the Moma titanium minerals mine, in northern Mozambique, saw strong market conditions for all of its products continue during the quarter ended March 31, supported by low inventories in the global supply chain, MD Michael Carvill says in a... 

Talon expands in-house capabilities to explore for battery minerals

By: Creamer Media Reporter      14th April 2022 Nickel/copper explorer Talon Metals has purchased new drill rights and hired more people to step up its exploration efforts for battery minerals  in Minnesota. The TSX-listed company bought three new Boart Longyear drill rigs, taking its in-house drilling fleet to six rights. The new rigs will... 

White Mesa makes three critical mineral shipments

By: Mariaan Webb     14th April 2022 NYSE- and TSX-listed Energy Fuels last week made three commercial shipments of critical mineral products, including uranium, vanadium and rare-earth elements (REE). The three shipments of advanced materials contained from the White Mesa mill, in Utah, shipped a total of 15 critical elements,... 

Greater fuel cell adoption would be a massive boost for South Africa’s platinum group metals  

By: Martin Creamer     13th April 2022 The enactment by more governments of policies to enable greater hydrogen fuel cell mobility would be a massive boost for South Africa’s platinum group metals (PGMs) sector, Mining Weekly can today report. Adoption of hydrogen fuel cell mobility has already been significantly enabled by the German... 

Creamer Media picture
PGMs Industry Day webinar covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

KGL raises cash for Jervois work

By: Esmarie Iannucci     13th April 2022 Copper developer KGL Resources has announced plans to raise A$24.2-million in a one-for-six non-renounceable entitlement offer, priced at 37c a share. KGL on Wednesday said that up to 65.3-million shares would be on offer, with a minimum raising target of A$9.9-million set. 

Jindalee plans demerger of Aus assets

By: Esmarie Iannucci     12th April 2022 ASX-listed junior Jindalee Resources on Tuesday revealed plans to reposition itself as a pure-play US lithium developer by demerging its Australian assets into a separate, stand-alone vehicle to be listed on the Australian bourse. The new company’s portfolio will include Jindalee’s extensive... 

Pilbara hits production targets

By: Esmarie Iannucci     12th April 2022 0Lithium miner Pilbara Minerals hit its production targets during the first quarter, with the miner producing 81 431 t of spodumene concentrate, which is within the guidance of between 75 000 t and 90 000 t. The March quarterly production was slightly below the 83 476 t produced in the December... 

Clients planning to close many renewable energy project deals this year – Nedbank CIB  

By: Martin Creamer     11th April 2022 While Africa is blessed with great natural sun and wind resources, it has about 600-million people living without access to electricity, which is one of the biggest impediments to the continent’s economic growth. Renewable energy is available to put an end to this impediment, as it can provide... 

Picture supplied
Nedbank CIB Group Managing Executive Anél Bosman interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Tesla may start mining lithium as Musk cites battery metal cost

By: Bloomberg     11th April 2022 Nearly two years after Tesla outlined a plan to dig for lithium, its chief Elon Musk signaled that the electric car giant might start doing so, due to skyrocketing cost of the metal key to battery technology. Lithium has joined the turmoil gripping commodities in the wake of Russia’s war on... 

An image of Elon Musk
Elon Musk

Canadian miners cheer Ottawa's critical minerals budget plan

By: Reuters     11th April 2022 Canadian miners say Ottawa's plan to spend C$3.8-billion ($3.02-billion) to boost domestic production of lithium, copper and other strategic minerals should help propel the country's efforts to become a key part of the global electric vehicle supply chain. The spending, announced during Canada's... 

An image of the Canadian flag

Ford shows interest in Kachi lithium

By: Esmarie Iannucci     11th April 2022 Lithium developer Lake Resources has inked a non-binding memorandum of understanding (MoU) with motoring major Ford Motor Company over the potential supply of lithium from the Kachi project in Argentina. Under the MoU, the two companies would negotiate a potential offtake agreement for up to 25... 

Core buys more lithium land in the NT

By: Esmarie Iannucci     11th April 2022 Lithium developer Core Lithium has struck an agreement to acquire the Shoobridge project, some 80km south south-east from its Finnis lithium project, in the Northern Territory. Core MD Stephen Biggins said it was a strategic acquisition with exploration upside that would complement Core's... 

Pilbara ticks the boxes on POSCO JV

By: Esmarie Iannucci     11th April 2022 Lithium miner Pilbara Minerals has announced the satisfaction of all conditions precedent for the formation of a downstream joint venture (JV) with Korean major POSCO. The formation of the JV and completion of Pilbara Mineral’s initial 18% equity subscription in the JV company, with an option to... 

IGO increases offer for Western Areas

By: Esmarie Iannucci     11th April 2022 Battery minerals miner Independence Group (IGO) has increased its offer price for nickel producer Western Areas from A$3.36 a share to A$3.87 a share. IGO last week flagged concerns that its takeover offer for Western Areas would not proceed after an independent expert found that the offer was... 

Image shows a dump truck and nickel ore piles

Hydrogen economy ‘incredibly exciting opportunity’, says Minerals Council’s Baxter 

By: Martin Creamer     8th April 2022 Mobility in mining is perfectly suited to kickstarting the domestic hydrogen adoption process, according to Minerals Council South Africa CEO Roger Baxter, who drew attention during the PGMs Industry Day conference to several mining companies that had already played a leadership role in the... 

Picture supplied.
Minerals Council South Africa CEO Roger Baxter.

Wyloo completes Noront buy

By: Esmarie Iannucci     8th April 2022 Australia’s Wyloo Metals has completed the acquisition of TSX-V-listed Noront Resources, following a shareholder vote. Noront Resources in December entered into a binding agreement with Andrew Forrest’s Wyloo Metals, after that company’s offer was tapped as a superior bid to mining major BHP’s... 

Firm looks to support mining entrants

8th April 2022 West Africa is now attracting attention for battery minerals mining with a renewed interest likely to draw in explorers and miners of various sizes and capabilities, says consulting engineers and scientists SRK Consulting Ghana country manager and principal resource geologist Ivan Doku. He adds... 

Canada offers carbon capture tax credit to help cut emissions

By: Bloomberg     8th April 2022 Prime Minister Justin Trudeau is rolling out one of Canada’s largest single industrial tax incentives to fund carbon capture projects as his government tries to deliver on ambitious climate goals by offsetting emissions from the country’s energy sector. In a federal budget unveiled on Thursday,... 

Canada PM Justin Trudeau
Photo by Bloomberg
Canada PM Justin Trudeau

Kathleen Valley FID expected in June

By: Esmarie Iannucci     7th April 2022 A final investment decision (FID) on the Kathleen Valley lithium project, in Western Australia, is due by June this year, ASX-listed Liontown Resources said. Speaking at the Paydirt Battery Minerals conference, in Perth, Liontown MD and CEO Tony Ottaviano said that first production from Kathleen... 

Poseidon to partner on Mt Windarra gold

By: Esmarie Iannucci     7th April 2022 Nickel developer Poseidon Nickel has shortlisted a number of potential partners for its Mt Windarra gold tailings operation, in Western Australia. MD and CEO Peter Harold told delegates at Paydirt’s Battery Minerals conference, in Perth, that advisor Argonaut was currently undertaking the... 

Leo positive on Goulamina funding

By: Esmarie Iannucci     7th April 2022 Lithium developer Leo Lithium, is hoping to fully fund the development of the Goulamina project, in Mali, through its planned initial public offering (IPO). The Goulamina project is currently held by ASX-listed Firefinch, but will be demerged into a joint venture with Chinese partner Jiangxi... 

WA keen for precursor investments

By: Esmarie Iannucci     7th April 2022 The Western Australian government is hoping to attract investors to its planned precursor cathode active materials (pCAM) hub, in Kwinana, with Minister for Mines, Petroleum and Energy, Bill Johnston lauding the benefits of investing in the state. Speaking at the second day of Paydirt’s Battery... 

Hydrogen key to long-term use of platinum, says SFA Oxford’s Forrest   

By: Martin Creamer     6th April 2022 Coordinated industry intervention is required to create sustainable platinum group metals (PGM) markets, with hydrogen the key to the long-term use of platinum, said outgoing SFA Oxford head Stephen Forrest in a swansong address. “Promote PGMs heavily as platinum’s structural surplus helps... 

Creamer Media screenshot
Platinum Group Metals Industry Day covered by Mining Weekly’s Martin Creamer. Video: Darlene Creamer Media

Australian Vanadium BFS proves up

By: Esmarie Iannucci     6th April 2022 A bankable feasibility study (BFS) into ASX-listed Australian Vanadium’s namesake project, in Western Australia, has estimated a cost of $435-million to develop a 24.7-million pound vanadium pentoxide and 900 00 t/y of iron-titanium. Based on an updated ore reserve of 30.9-million tonnes, at... 

Vulcan signs first geothermal agreement at German lithium project

By: Esmarie Iannucci     6th April 2022 ASX-listed Vulcan Energy Resources has signed its first geothermal energy offtake agreement at its Zero Carbon lithium project, in Germany. The company aims to produce both renewable geothermal energy and lithium hydroxide from the same deep brine source at its operations in Germany. 

Australia focus on critical minerals - Minister

By: Esmarie Iannucci     6th April 2022 The Australian government would continue to invest in the critical minerals sector, federal Resources Minister Keith Pitt said on Wednesday. Speaking at the Paydirt Battery Minerals conference, in Perth, Pitt said that the federal government was determined to make sure that Australia delivered... 

IGO on target with its own growth plans

By: Esmarie Iannucci     6th April 2022 Battery metals company Independence Group (IGO) is expected to produce its first battery grade lithium hydroxide form the first train of its Kwinana lithium hydroxide facility, in Western Australia, shortly. IGO COO Matt Dusci told delegates at Paydirt’s Battery Minerals conference, in Perth,... 

Green finance taxonomy to help investors make green project decisions – law firm 

By: Martin Creamer     5th April 2022 South Africa’s first green finance taxonomy will help investors and financial institutions make more informed decisions on ‘green’ projects, say Webber Wentzel’s Patrick Heron and Joon Chong. Heron and Chong describe the taxonomy, launched by National Treasury last Friday, as an official... 

Pictures supplied
Patrick Heron (left) and Joon Chong.

Biden’s battery metals boost could ease US dependence on China

By: Bloomberg     5th April 2022 President Joe Biden fired up mining companies, battery makers and environmentalists last week when he invoked Cold War powers to encourage domestic production of critical battery minerals for electric vehicles. The president used the Defense Production Act — wielded by Harry Truman to make steel... 

Zambia’s copper potential coming to fore again as Castillo survey shows upside 

By: Martin Creamer     5th April 2022 London- and Sydney-listed base metal explorer Castillo Copper has identified multiple copper-potential drill-testing targets at its Mkushi project in Zambia, Africa’s second-largest copper producer. Castillo stated in a release to Mining Weekly on Tuesday that the formulation of a drilling... 

Supplied picture.
Castillo Copper MD Dr Dennis Jensen.

Eneabba rare earth refinery only the start, says Australia PM

By: Esmarie Iannucci     5th April 2022 The Australian government this week said that it’s A$1.25-billion investment into ASX-listed Iluka’s Eneabba rare earths refinery, formed part of its plan to become a global critical minerals powerhouse by 2030. Iluka this week took a final investment decision on the Enabba project, which is... 

Image shows Prime Minister Scott Morrison
Photo by Bloomberg
Prime Minister Scott Morrison

Triton makes a power plan for Ancuabe

By: Esmarie Iannucci     5th April 2022 ASX-listed Triton Minerals has identified a power solution for its Ancuabe graphite project, in Mozambique, signing a memorandum of understanding (MoU) with a generator manufacturer Himoinsa Southern Africa. The MoU would see the development of a modular, scalable, cost effective and... 

MinRes unveils growth plans to bank on market demand

By: Esmarie Iannucci     5th April 2022 ASX-listed Mineral Resources (MinRes) on Tuesday announced plans to increase lithium production from its Wodgina and Mt Marion spodumene mines, in Western Australia. The company has reached an agreement with US-based joint venture (JV) partner Albamarle to accelerate the resumption of production... 

Canada to invest C$2bn on mineral strategy for EV battery supply chain

By: Reuters     4th April 2022 Canada's federal budget will include an investment of at least C$2-billion ($1.6-billion) for a strategy to accelerate the production and processing of critical minerals needed for the electric vehicle (EV) battery supply chain, two senior government sources said. Prime Minister Justin Trudeau's... 

An electric vehicle charging spot
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