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Lithium News

Galaxy fails to find JV partner for Sal de Vida

By: Esmarie Iannucci     18th April 2019 The share price of lithium miner Galaxy Resources fell by nearly 12% on Thursday after the company announced that it would close the joint venture (JV) process for its Sal de Vida project, without a deal. Through the second half of 2018 and early 2019, Galaxy conducted an evaluation of strategic... 

Tianqi Lithium to nominate two Chileans, US executive to SQM board

By: Reuters     17th April 2019 China's Tianqi Lithium said on Wednesday it would nominate a Chilean economist, a Chilean attorney and a US executive as candidates to the board of top Chilean lithium producer SQM, in which it owns a near-24% stake. Tianqi has nominated Chilean attorney Francisco Ugarte, who represented the... 

Premier terminates KME Plant, Honey Badger transactions

By: Simone Liedtke     17th April 2019 Aim-listed Premier African Minerals on Wednesday said it would not proceed with the proposed conditional acquisitions of 50% of the KME Plant and 50% of the equity in Honey Badger Resources (HBR), until there is some finality on the RHA Tungsten mine’s future. As a result, both transactions with... 

Finniss DFS confirms financials - Core

By: Esmarie Iannucci     17th April 2019 A definitive feasibility study into the Finniss lithium project, in the Northern Territory, has estimated that it would require a capital investment of A$73-million. ASX-listed Core Lithium on Wednesday reported that the one-million tonne a year openpit operation would produce up to 180 000 t/y... 

Indian Cabinet approves pact with Bolivia

By: Ajoy K Das     16th April 2019 India’s Union Cabinet on Monday approved a pact with Bolivia for bilateral cooperation in geology and mineral resources. “The Union Cabinet has given ex-post facto approval of the memorandum of understanding signed between India and Bolivia on cooperation in the fields of geology and mineral... 

Beowulf raises another £500 000

By: Creamer Media Reporter      16th April 2019 Nordic-focused mineral exploration and development company Beowulf Mining has announced that it will raise £500 000 by issuing shares at 5.75p each. The funds are for general working capital purposes and for supporting its commitment to Vardar Minerals’ Kosovan exploration programme, the company... 

Utah grants water rights for Sal Rica lithium project

By: Creamer Media Reporter      15th April 2019 Nasdaq-listed Westwater Resources’ application for water rights to develop lithium mining operations at its Sal Rica project, in the arid US state of Utah, has been approved. The Department of Natural Resources of Utah granted the application to use 1.85-million cubic metres a year of water.  

Lithium giant lifts outlook with 2018 fizzle in rear-view mirror

By: Bloomberg     15th April 2019 Two months after disappointing the market with its annual results, the world’s second-largest lithium miner said an expansion is faring better than expected and sales probably will beat its forecasts for this year. Santiago-based Soc. Quimica y Minera de Chile SA will exceed its sales target of... 

Orocobre and Toyota Tsusho approve Japan plant

By: Esmarie Iannucci     12th April 2019 Lithium miner Orocobre and its joint venture partner Toyota Tsusho Corporation have approved the development of the $77.6-million Naraha lithium hydroxide plant, in Japan. “We are excited to announce the approval of the Naraha project. The construction of the Naraha lithium hydroxide plant will... 

Demand for outsourced solutions rising in Africa

By: Jessica Oosthuizen     12th April 2019 Mineral discoveries in Africa have been on the increase in the past ten years and one of the major challenges for mines is finding expert solutions in countries that have developing mining ecosystems, says global boutique consultancy The Polyglot Group renewables and resources senior consultant... 

Demand for outsourced  solutions rising in Africa
JASON TODD In Africa, minimising risk is always high on the agenda

Tianqi agrees truce in battle over Chilean lithium miner SQM

By: Reuters     11th April 2019 China's Tianqi Lithium has come to an agreement over the governance of Chilean miner SQM with key shareholder Pampa Group, easing away from hostilities over control of the world's second-biggest producer of lithium. Tianqi's $4.1-billion purchase of a 23.77% stake in SQM, which mines lithium... 

Australia establishes a battery research centre in Perth

By: Esmarie Iannucci     10th April 2019 The federal government is providing a A$25-million grant to an industry-led cooperative research centre aimed at developing battery manufacturing in Western Australia. The A$135-million Future Battery Industries Cooperative Research Centre will help tackle industry identified gaps in the battery... 

Australia establishes a battery research centre in Perth

Westgold strikes new lithium royalties deal

By: Esmarie Iannucci     9th April 2019 Gold miner Westgold Resources has struck a revised royalty sale agreement for the lithium royalties on its Mt Marion and Buldania projects, in Western Australia, with Silverstream SEZC. Westgold in December of last year struck an initial agreement with Silverstream over the lithium rights of its... 

Galaxy taps Simon Hay as new CEO

By: Esmarie Iannucci     4th April 2019 Lithium miner Galaxy Resources has appointed Simon Hay as its new CEO, effective from July 1. Hay, who is currently head of resource development at ASX-listed Iluka, will replace Anthony Tse. In addition to his history at Iluka, Hay has also held senior positions at BHP Billiton and WMC Resources. 

Ganfeng boosts stake in Argentina lithium project

By: Reuters     2nd April 2019 China's Ganfeng Lithium Co said on Monday it would spend $160-million to boost its ownership stake in an Argentina lithium project with Lithium Americas, part of a plan to solidify its access to the white metal used to make electric vehicle batteries. The deal, which must still be approved by... 

Bluebird in binding deal to buy Australian lithium exploration assets

By: Creamer Media Reporter      1st April 2019 TSX-V-listed BlueBird Battery Metals has announced that it will buy a private Australian company that holds title to several tenements in the Eastern Goldfields region of Western Australia. Buying Southern Lithium in an all-share deal gives Bluebird a foothold in the Yilgarn lithium province,... 

Bacanora still in discussions with Oman fund for Sonora investment

By: Tasneem Bulbulia     1st April 2019 Aim-listed Bacanora Lithium’s share price was dented on Monday by the news that it has not yet concluded a previously announced investment agreement with the sovereign wealth fund of Oman. The company stated that the agreement with the State General Reserve Fund of Oman, which entails a proposed... 

Platinum ETFs hit record high, palladium seen as over-bought 

By: Martin Creamer     29th March 2019 Platinum-backed exchange traded fund (ETF) holdings increased for the ninth consecutive day yesterday reaching 2.96-million ounces, the highest level on record, the BMO Metals Brief noted on Friday. The report put out by BMO Global Commodities Research addedthat ETF inflows had been strong in the... 

Platinum ETFs hit record high, palladium seen as over-bought
Photo by Bloomberg
Platinum bar.

Argosy signs offtake over Rincon

By: Esmarie Iannucci     29th March 2019 Lithium developer Argosy Minerals has inked a sales agreement with Japan’s Mitsubishi Corporation for up to an initial 100 t of lithium carbonate over a 12-month period from the Rincon operation, in Argentina. Argosy told shareholders this week that the strategic agreement would enable Argosy... 

Critical Elements awards contract for Rose project

By: Creamer Media Reporter      28th March 2019 TSX-V-listed junior Critical Elements has awarded Primero Group the early contractor involvement contract (ECI) for the Rose lithium/tantalum project, in northern Quebec. Critical Elements says that Primero is an industry leader in the assessment and development of global mineral processing... 

Nemaska expands Johnson Matthey supply agreement

By: Creamer Media Reporter      28th March 2019 Lithium project developer Nemaska Lithium will supply Johnson Matthey with 61 000 t of lithium hydroxide from its Shawinigan plant for ten years under a modified existing supply agreement, the TSX-listed company announced on Wednesday. Supply will start in 2021, but Nemaska pointed out that it... 

Commercial production achieved at Pilgangoora Stage 1

By: Esmarie Iannucci     28th March 2019 Lithium miner Pilbara Minerals has declared commercial production of the Stage 1 operation at its Pilgangoora project, in Western Australia, with the company also looking for a partner to invest at the project level. The ASX-listed miner said that the declaration of commercial production... 

Galaxy advances James Bay

By: Esmarie Iannucci     27th March 2019 Lithium miner Galaxy Resources has finalised the pre-development agreement (PDA) and the environmental and social impact assessment (ESIA) for its James Bay project, in Quebec. The ASX-listed Galaxy has entered into the PDA with the Grand Council of the Cree, the Cree Nation government and the... 

‘Difficult decisions’ at lithium developer Nemaska

By: Creamer Media Reporter      26th March 2019 Lithium junior Nemaska Lithium has been forced to set a new pace for construction activities at its Whabouchi mine and Shawinigan plant, after a project cost-blowout left it short of cash. The mine construction pace will be adjusted to start production in a “timely fashion”, the Quebec-focused... 

‘Difficult decisions’ at lithium developer Nemaska

Pilgangoora Stage 3 proves up

By: Esmarie Iannucci     26th March 2019 A scoping study into the Stage 3 expansion of the Pilgangoora lithium project has delivered positive results, ASX-listed Pilbara Minerals told shareholders. The Stage 3 expansion would increase output at Pilgangoora from the Stage 2 production of between 800 000 t/y and 850 000 t/y of... 

Chile launches tender for value-added lithium projects

By: Reuters     26th March 2019 Chile said on Monday it would shortly begin accepting bids from local and foreign companies seeking to develop battery materials within the South American nation using discounted Chilean lithium provided by top miner SQM. Chilean authorities struck a deal in January 2018 with SQM that ended a... 

Lithium miner says market fears waning as funding hunt resumes

By: Bloomberg     21st March 2019 After hitting heavy resistance last year in its search to raise capital, junior miner Bacanora Lithium Plc believes the time is right to resume its hunt. In July, the London-based company pulled a $100-million share sale designed to finance construction of Mexico’s first lithium mine. Now... 

Bacanora granted additional exploration licence for Zinnwald

By: Creamer Media Reporter      20th March 2019 London-traded Bacanora Lithium has been granted an additional exploration licence in the Erzgebirge region of Saxony, which has the potential to significantly increase the life of mine at its Zinnwald project. Bacanora’s 50%-owned subsidiary, Deutsche Lithium, has been granted an additional 42... 

Bacanora granted additional exploration licence for Zinnwald

Indian consortium plans EV battery plant linked to overseas lithium acquisitions

By: Ajoy K Das     20th March 2019 The newly formed joint venture (JV) of Indian government mineral companies has entered into a lithium-ion battery manufacturing business, linked to its plans to acquire lithium and cobalt mineral assets overseas. The lithium-ion battery manufacturing venture will be led by State-run National... 

Mt Marion divestment bolsters Neometals cash

By: Esmarie Iannucci     19th March 2019 ASX-listed Neometals on Tuesday resumed trading following the A$104-million divestment of its interest in the Mt Marion lithium operation, in Western Australia, pausing the need for a demerger of the company’s non-lithium assets. The company sold of its 13.8% interest in the project to its joint... 

Pilbara and Posco to form South Korea downstream processing JV

By: Esmarie Iannucci     18th March 2019 Lithium producer Pilbara Minerals has taken a step closer to develop downstream processing capabilities, exercising an option with Korean major Posco. Pilbara will enter into an incorporated joint venture (JV) with Posco for the development of a 40 000 t/y lithium carbonate equivalent chemical... 

Altura increases SPP to A$14m

By: Esmarie Iannucci     15th March 2019 Lithium miner Altura Mining has increased its share purchase plan from A$5-million to A$14-million, as demand for the offer continued. The ASX-listed company on Friday said that the strong shareholder demand came on the back of an improved operational performance at the Altura lithium mine, in... 

SQM receives Chile's approval for lithium plant expansion

By: Reuters     15th March 2019 Chilean lithium miner SQM on Thursday received environmental approval to expand its lithium carbonate production plant, the local environmental regulator told Reuters, marking a milestone as the company seeks to boost output of the coveted ultralight battery metal. The $400-million plant... 

Junior miner gets new lease of life with successful refinancing process

By: Rebecca Campbell     15th March 2019 London AIM-listed junior miner African Battery Metals (ABM) announced early this month that it had successfully concluded its refinancing process. Last December, ABM was suspended from trading on the AIM because of its poor financial situation. At that time, its obligations to short-term... 

Advantage Lithium replaces CEO in wake of college admissions scandal

By: Reuters     14th March 2019 Advantage Lithium said on Thursday it has temporarily replaced CEO David Sidoo after he was arrested last week by US. authorities as part of a sweeping college admissions scheme. The company, which is developing a lithium project in Argentina, has named board member Callum Grant as its interim... 

Bacanora shares skyrocket on report of Southern Copper investment

By: Mariaan Webb     14th March 2019 Lithium developer Bacanora’s share price gained 45% on Thursday, on reports that Mexican miner Southern Copper is interested in investing in the company. In response to its share price movement, London-listed Bacanora said that it remained focused on securing the full funding of $460-million for... 

Southern Copper eyes lithium project in Mexico - CEO

By: Reuters     14th March 2019 Southern Copper Corp, one of the world's biggest copper producers, is considering an investment in a lithium project in Mexico that has also attracted interest from a Chinese firm, the company's CEO told Reuters on Wednesday. Oscar Gonzalez said company officials visited the lithium project in... 

Southern Copper eyes lithium project in Mexico - CEO

Altura achieves commercial production

By: Esmarie Iannucci     13th March 2019 Lithium miner Altura Mining has declared commercial production at its Stage 1 Altura mine, in Western Australia. “This is one of the most significant milestones in the company’s history,” said MD James Brown. 

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