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Lithium News

Ford becomes first US automaker to join responsible mining initiative

By: Creamer Media Reporter      16th February 2021 Ford has become the first US automaker to join the Initiative for Responsible Mining Assurance (Irma), a move which the company says is another step in realising its aspiration to responsibly source all raw materials used within its vehicles globally. Ford has also committed to nearly double its... 

Albemarle CEO signs diversity, inclusion pledge

By: Creamer Media Reporter      16th February 2021 US-based Albemarle CEO Kent Masters has signed the CEO action for diversity and inclusion pledge, committing him to promote collective action to drive inclusive behaviour strategically and deliberately. "We are committed to a culture where our values are clear, all are welcome to collaborate and... 

Galaxy joins the fight for Bald Hill

By: Esmarie Iannucci     12th February 2021 Lithium miner Galaxy Resources has joined the legal tussle to prevent embattled Alita Resources to fulfill a Deeds of Company Arrangement (DOCA) with US-based lithium products group Austroid Corporation. The administrators of Alita and its subsidiaries have entered into a Doca with Austroid,... 

Woomera launches lithium review

By: Esmarie Iannucci     11th February 2021 Junior Woomera Mining has launched a strategic review of its lithium projects after fielding several unsolicited enquiries from corporate and other entities. The ASX-listed company on Thursday said that the review into the lithium assets would consider a range of potential partnering, funding... 

Vision Blue helping world to achieve green dream with high-return prospects for investors  

By: Martin Creamer     10th February 2021 The world’s energy transition away from fossil fuels is a phenomenon that is not dependent on any assumptions about gross domestic product (GDP) growth or countries urbanising or industrialising. It is a phenomenon driven by international consensus that the carbon footprint of the world has to be... 

Vision Blue helping world to achieve green dream with high-return prospects for investors
Sir Mick Davis interviewed by Mining Weekly’s Martin Creamer about Vision Blue Resources. Video: Darlene Creamer.

Early site works get under way at Sonora

By: Creamer Media Reporter      10th February 2021 Following its successful $65-million fundraise last week, Aim-listed development company Bacanora Lithium has kicked off initial site activities at the Sonora project, in Mexico. Bacanora is building the project together with its partner, Ganfeng Lithium – the world's largest lithium metals... 

American Lithium to acquire Plateau Energy

By: Creamer Media Reporter      10th February 2021 TSX-V-listed juniors American Lithium and Plateau Energy on Tuesday announced the consolidation of two strategic undeveloped lithium assets at a time of rapidly growing demand backed by an increasing focus on electric vehicles, energy storage and renewable energy generation. The acquisition of... 

Firefinch floats Goulamina lithium spin-off

By: Esmarie Iannucci     9th February 2021 ASX-listed Firefinch on Tuesday announced plans to demerge its Goulamina lithium project, in Mali, into a separate lithium-focused company which would list on the Australian bourse. Firefinch told shareholders that a strategic review had found that the Goulamina project was materially... 

Firefinch floats Goulamina lithium spin-off

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC  

By: Martin Creamer     8th February 2021 The outlook for platinum group metals (PGMs) is one of constrained supply and very strong demand growth. “You’ve got the entire PGMs suite that is short and that certainly will translate into tight markets,” World Platinum Investment Council (WPIC) Director of Research Trevor Raymond told Mining... 

Platinum group metals outlook: constrained supply, very strong demand growth – WPIC
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Magnis finds funds for NY plant

By: Esmarie Iannucci     8th February 2021 Graphite and lithium-ion battery hopeful Magnis Energy Technologies will raise A$34-million through a share placement to fast-track the development of its battery plant in New York. The company on Monday announced that it had received firm commitments from professional, institutional and... 

Argosy raises cash for Argentina lithium project

By: Esmarie Iannucci     8th February 2021 ASX-listed Argosy Minerals will raise A$30-million through an oversubscribed share placement to fund lithium production at its Rincon project, in Argentina. The placement will consist of more than 230.7-million new shares, to be issued at a price of 13c a share is to institutional, sophisticated... 

Lithium prices to benefit from EV uptake, says Fitch Solutions

By: Tasneem Bulbulia     5th February 2021 Lithium prices are expected to soon normalise following the spike in Chinese spot prices experienced from the end of December 2020 through January, Fitch Solutions Country Risk and Industry Research says. Chinese spot prices for battery-grade lithium carbonate and lithium hydroxide have rallied... 

Bacanora raises $65m for Mexico lithium project

By: Mariaan Webb     4th February 2021 Aim-listed Bacanora Lithium has successfully raised $65-million for its Sonora lithium project, in Mexico, setting the company on a path to becoming a lithium producer in the next two years. The fundraise is the final piece of Bacanora’s 50% share of the financing required to bring into... 

Vulcan raises A$120m to advance Zero Carbon lithium

By: Esmarie Iannucci     4th February 2021 ASX-listed Vulcan Energy has completed a A$120-million institutional placement to accelerate the development of its Zero Carbon lithium project, in Germany. “We received overwhelming support for the placement from both domestic and international environmental and social governance-focused... 

Vulcan raises A$120m to advance Zero Carbon lithium

Core raises A$40m for Finniss

By: Esmarie Iannucci     4th February 2021 ASX-listed Core Lithium will raise A$40-million in a share placement to global institutional investors to help advance the development of its Finniss lithium project, in the Northern Territory. The company on Thursday reported that it had received firm commitments for the placement of... 

Botswana intensifying effort to attract non-diamond exploration  

By: Martin Creamer     3rd February 2021 Botswana has intensified efforts to digitise and make geoscience information readily available to local and international potential investors in an effort to encourage prospecting for non-diamond minerals, Botswana President Mokgweetsi Masisi told the virtual 2021 Investing in African Mining... 

Botswana intensifying effort to attract non-diamond exploration
Photo by Creamer Media
Botswana president Mokgweetsi Masisi

European Metals raises funds for Cinovec

By: Esmarie Iannucci     3rd February 2021 Triple-listed European Metals Holdings has raised A$7.1-million through a share placement to institutional and sophisticated investors, to further assist in the development of its Cinovec lithium/tin project, in the Czech Republic. The ASX-, Aim-, and Nasdaq-listed company on Wednesday announced... 

‘We need exploration to grow our industry’ – Minerals Council  

By: Martin Creamer     1st February 2021 “We need exploration to grow our industry,” Minerals Council South Africa president Mxolisi Mgojo said on Monday during a virtual State of the Mining Nation media briefing in which he described exploration as one of the low-hanging fruits that could change South Africa’s economic trajectory in... 

‘We need exploration to grow our industry’ – Minerals Council
Minerals Council South Africa media brief reporting by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

As miners gear up for virtual shindig, commodities offer hope amid pandemic gloom

By: Nadine James     29th January 2021 Despite the ongoing uncertainty caused by the global Covid-19 pandemic, the mining industry continues to play a crucial role in the global economy, proving how resilient and adaptable it is, says international exhibition organiser Hyve Group. The mining sector has fared reasonably well during the... 

As miners gear up for virtual shindig, commodities offer hope amid pandemic gloom

Galan raises funds for lithium hunt

By: Esmarie Iannucci     27th January 2021 Lithium brine developer Galan Lithium will raise A$10-million in a share placement to fund work at its Hombre Muerto West lithium project, in Argentina. The company on Wednesday announced that it has received firm commitments for the placement of 20-million shares, at a price of 50c each. The... 

Output climbs and cost fall at Olaroz

By: Esmarie Iannucci     27th January 2021 Lithium miner Orocobre has reported record sales volumes from its Olaroz lithium facility, in Argentina, for the December quarter, while costs have declined to near all-time lows. Production during the December quarter reached 3 727 t, up 58% quarter-on-quarter, as Orocobre responded to... 

Green technology boost for African mining 

By: Martin Creamer     26th January 2021 The key to unlocking value of Kabanga Nickel and enabling the full beneficiation of new era metals in Tanzania is an environment-friendly hydrometallurgy process that eliminates smelting and thus slashes the need for electricity. The Kabanga Nickel Hydromet process – which takes ore to refined... 

Green technology boost for African mining
President John Magufuli of Tanzania, seated, looks on as Tanzania's Chief Treasurer Athumani Mbutukwa receives share certificates from Kabanga Nickel vice chairperson Chris von Christierson (centre) and Kabanga Nickel CEO Chris Showalter (right).

Lake raises funds for Kachi advancement

By: Esmarie Iannucci     25th January 2021 Lithium developer Lake Resources will raise A$20.6-million in a share placement to fund its flagship Kachi lithium brine project, in Argentina. The ASX- and OTC-listed company on Monday said that it would issue some 125-million new shares, at an offer price of 16.5c each to institutional... 

Lake raises funds for Kachi advancement

Local sourcing vital in UK, considering expected 70% jump in EV sales

By: Marleny Arnoldi     22nd January 2021 Research agency Fitch Solutions foresees a good year for electric vehicle (EV) development and a key component thereof, lithium. It says critical raw material (CRM) developments in the UK, the US and the European Union (EU) bode well for those regions’ battery supply chains and reducing their... 

Local sourcing vital in UK, considering expected 70% jump in EV sales

Platinum group metals demand set to overwhelm supply balance – Davis  

By: Martin Creamer     21st January 2021 Long-serving precious metals consultant Dr David Davis has reached the conclusion, after a comprehensive study, that the demand for platinum group metals (PGMs) is poised to outstrip stagnant supply. Davis, who has spent several months carrying out a ‘deep dive’ into the future of PGMs for... 

Platinum group metals demand set to overwhelm supply balance – Davis
Precious metals consultant Dr David Davis, who believes that platinum will be next to board the price rocket.

Manono's footprint enviable - AVZ

By: Esmarie Iannucci     21st January 2021 An independent study of the Manono lithium and tin project, in Democratic Republic of Congo, has found that it is likely to have one of the lowest carbon footprints of any global hard rock lithium project. ASX-listed AVZ Minerals on Thursday told shareholders that the greenhouse gas (GHG)... 

Ewoyaa scoping study sets out low capital cost

By: Donna Slater     19th January 2021 Aim-listed explorer IronRidge Resources has completed a scoping study on the Ewoyaa lithium project in Ghana, which supports a business case for a two-million-tonne-a-year operation with an eight-year life-of-mine (LoM), LoM revenues exceeding $1.55-billion and significant potential to extend the... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out  

By: Martin Creamer     19th January 2021 Platinum group metals (PGMs), which South Africa hosts in greater abundance than any other country on earth, are playing important catalytic roles in Switzerland’s green hydrogen and green truck rollout, which is now under way. Mining Weekly can today report that proton exchange membrane (PEM)... 

Platinum group metals playing role in Switzerland’s green hydrogen roll-out
Hyundai Hydrogen Mobility CEO Mark Freymueller is interviewed by Mining Weekly’s Martin Creamer. Video: Darlene Creamer.

Want a fuel cell, you need platinum – analysts 

By: Martin Creamer     18th January 2021 If you want a fuel cell, you need platinum, is one of the multiplicity of points Bernstein investment company makes in a major work just released, which shows growing and ongoing demand for platinum group metals (PGMs) and provides ample reason why metals and mining matter more than ever. In the... 

Want a fuel cell, you need platinum – analysts
Photo by Bernstein
Predicted future PGM tons heading high.

Nevada lithium project wraps up federal permitting

By: Mariaan Webb     18th January 2021 The US Bureau of Land Management (BLM) has issued a record of decision (RoD) for the Thacker Pass lithium project, in Nevada, project developer Lithium Americas announced on Friday. The company plans to extract lithium from a clay deposit in two phases, over about 40 years, producing about 60... 

SQM says relations with indigenous communities are improving

By: Reuters     18th January 2021 Chilean company SQM, the world's second largest lithium producer, has a priority commitment to the indigenous communities surrounding the Atacama salt flat, the firm's General Manager Ricardo Ramos said in an interview. According to the interview, published on Sunday in the newspaper La Tercera,... 

Fatou drilling to commence once funding finalised

By: Donna Slater     15th January 2021 Aim-listed gold and lithium explorer and developer Kodal Minerals has undertaken further field reconnaissance and planning of the maiden drilling programme at its Fatou project, in Mali, which will start as soon as possible and in line with a funding agreement being finalised. The company is... 

Vulcan shows its carbon neutral hand

By: Esmarie Iannucci     15th January 2021 A prefeasibility study (PFS) into ASX-listed Vulcan Energy’s Zero Carbon lithium project, in Germany, has demonstrated the potential to develop a cutting edge combined renewable energy and lithium hydroxide project with a net zero carbon footprint. Vulcan is proposing to draw on naturally... 

Metals behind EV revolution to resume volatile rally - again

By: Bloomberg     15th January 2021 Battery metals are set to rebound this year as an electric-vehicle boom is bolstered by post-pandemic push for a green economic recovery. US President-elect Joe Biden has indicated the sector could get a boost, while China wants new energy vehicles to account for about 20% of total new car sales... 

Metals behind EV revolution to resume volatile rally - again

IronRidge commences Ewoyaa drilling

By: Donna Slater     14th January 2021 Aim-listed explorer IronRidge Resources says a 12 500 m drilling programme at its Ewoyaa lithium project, in Ghana, has started, with contractor GeoDrill having mobilised on site and started reverse circulation (RC) drilling. The campaign is intended to add resource tonnes within the immediate... 

American Lithium submits operations plan to BLM

By: Donna Slater     14th January 2021 TSX-listed project acquirer, developer and explorer American Lithium is moving its flagship Tonopah lithium project, in Nevada, US, towards its next phase of development with the submission of a plan of operations to the Bureau of Land Management (BLM). Drilling during 2019 and 2020 resulted... 

Weak lithium prices could slow EV revolution, Albemarle warns

By: Reuters     14th January 2021 Global supplies of lithium used to make electric vehicle (EV) batteries will fall short of projections for demand to more than triple by 2025 if prices do not rebound to fund expansions, an executive at industry leader Albemarle said this week. The warning laid bare the tension emerging in the... 

Weak lithium prices could slow EV revolution, Albemarle warns

Galan takes major stake in Greenbushes South

By: Esmarie Iannucci     14th January 2021 ASX-listed Galan Lithium has struck a deal with fellow-listed Lithium Australia to acquire an 80% interest in the Greenbushes South lithium project, in Western Australia. Under the terms of the agreement, Galan would issue 1.22-million shares to Lithium Australia to form an unincorporated joint... 

Galan takes major stake in Greenbushes South
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