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Lithium News

Pilbara completes capital raise

By: Esmarie Iannucci     14th January 2021 Lithium miner Pilbara Minerals has successfully completed the retail component of its entitlement offer, raising some A$60.6-million. The company last year announced plans to raise some A$121-million through a fully underwritten accelerated non-renounceable entitlement offer, to partly fund the... 

IronRidge identifies new pegmatite targets at Ghana lithium project

By: Donna Slater     13th January 2021 Aim-listed explorer IronRidge Resources has defined multiple new pegmatite targets following auger drilling at the Ewoyaa lithium project, in Ghana, where the company has defined a Joint Ore Reserves Committee-compliant mineral resource estimate of 14.5-million tonnes at a grade of 1.31% lithium... 

Battery metals demand expected to rise in 2021  

By: Simone Liedtke     12th January 2021 Financial risk management, solutions and insights company Fitch Solutions Country Risk and Industry Research (Fitch Solutions) expects the demand for key battery metals to rise in the coming year as renewable energy and technology adoption continues to pick up pace. The acceleration to a... 

Battery metals demand expected to rise in 2021

Lithium miner’s German smelter plan draws billionaires

By: Bloomberg     12th January 2021 Rock Tech Lithium plans to raise $400-million to build a lithium refinery in Germany and has attracted support from billionaires including Peter Thiel investing in Europe’s push to create a local electric-vehicle battery industry. The Canadian miner is in advanced talks with investors and sees... 

Galp Energia comes on board with Savannah’s Mina project in Portugal

By: Marleny Arnoldi     12th January 2021 London-listed Savannah Resources has signed a heads of agreement (HoA) with Portuguese diversified energy group Galp Energia on a proposed strategic investment and alliance regarding the lithium field around the Mina do Barroso lithium project, in Portugal. Galp intends to secure a 10%... 

Galp Energia comes on board with Savannah’s Mina project in Portugal
Savannah Resources' drill rig at Mina do Barroso

Liontown launches DFS

By: Esmarie Iannucci     11th January 2021 A definitive feasibility study (DFS) on ASX-listed Liontown Resources’ Kathleen Valley lithium/tantalum project, in Western Australia, is slated for completion in the fourth quarter of this year. The DFS follows on from a prefeasibility study completed in the fourth quarter of last year, into... 

Piedmont takes a stake in Sayona

By: Esmarie Iannucci     11th January 2021 US major Piedmont Lithium will take a 19.9% stake in ASX-listed Sayona Mining, and a 25% interst in the company’s subsidiary Sayona Quebec Inc, for a total investment of $12-million. The two companies on Monday announced that Piedmont would acquire an initial 9.9% interest in Sayona for a... 

Piedmont takes a stake in Sayona

Trump moves to loosen mining regulations, approve projects as he exits

By: Reuters     8th January 2021 Outgoing US President Donald Trump's administration is moving to loosen mining regulations and green light new mineral projects before leaving office this month, with successor Joe Biden unable to reverse some of the changes. Administration officials tell Reuters they plan to publish a raft of... 

Trump moves to loosen mining regulations, approve projects as he exits
Donald Trump

Blast at Chinese recycler shows battery supply chain risks

By: Bloomberg     8th January 2021 China’s biggest battery manufacturer has urged units to focus on safety issues after an explosion at a recycling affiliate, which has drawn attention to the risks in the industry’s supply chain. While the cause of the blast at a Hunan Brunp Recycling Technology Co. factory in Hunan province is... 

Frontier Lithium starts Falconbridge pilot plant operations

By: Donna Slater     8th January 2021 TSX-listed junior miner Frontier Lithium and XPS Expert Process Solutions – a Glencore company − have started mini-pilot plant operations at their research and development centre in Falconbridge, Ontario, and at other off-site locations. Frontier last year awarded XPS the contract to jointly... 

Spearmint mulls spinout of lithium assets

By: Marleny Arnoldi     8th January 2021 Canadian exploration company Spearmint Resources is considering the transfer of its lithium exploration projects to a new subsidiary, which would be spun out pro rata to the shareholders of Spearmint. The company has advised that a spinout of this sort, if it proceeds, would be subject to several... 

Lake Resources starts Kachi DFS

By: Esmarie Iannucci     8th January 2021 ASX-listed Lake Resources has launched a definitive feasibility study (DFS) for its Kachi lithium brine project, in Argentina. A 2020 prefeasibility study (PFS) estimated that the project could have an annual production of 25 500 t/y of battery grade lithium carbonate over a mine life of some 25... 

Argosy joins European alliances

By: Esmarie Iannucci     8th January 2021 ASX-listed Argosy Minerals has been accepted as a member of the European Raw Materials Alliance (ERMA) as a primary raw materials partner. Furthermore, the company has also been accepted as a member of the European Battery Alliance (EBA) 250 Network, which also includes the European Commission,... 

Tianqi shareholders back IGO deal

By: Esmarie Iannucci     8th January 2021 The shareholders of lithium producer Tianqi Lithium Corporation have approved a A$1.9-billion joint venture agreement with ASX-listed Independence Group (IGO). IGO on Friday told shareholders that some 99.97% of Tianqi’s shareholders present at its January 5 meeting had voted in favour of the... 

Marquee looking at options for Nevada lithium project

By: Esmarie Iannucci     8th January 2021 ASX-listed junior Marquee Resources has launched a review of its Clayton Valley lithium project, in Nevada, following renewed interest in both the lithium sector and in North American lithium projects. The Clayton Valley project covers some 12 km2 of claims holding both lithium rich brines and... 

Albemarle sets out to double lithium output at Nevada facility as EV demand grows

By: Marleny Arnoldi     7th January 2021 NYSE-listed Albemarle Corporation plans to double capacity at its lithium production facility in Silver Peak, Nevada, as well as begin a programme to evaluate clays and other resources for commercial production of lithium. As global demand for electric vehicles (EV) grows, North American... 

Albemarle sets out to double lithium output at Nevada facility as EV demand grows
Photo by Reuters
Lithium-ion batteries

Zimbabwe’s Kuvimba seeks $1bn for 2021 acquisitions, capex 

By: Bloomberg     7th January 2021 A mining company majority owned by the Zimbabwe government and whose profits will partly be used to compensate former white commercial farmers for land confiscated two decades ago intends to raise $1-billion for acquisitions and capital expenditure. Kuvimba Mining House, in which the government... 

AVZ gains lithium offtake partner

By: Esmarie Iannucci     7th January 2021 ASX-listed AVZ Minerals struck its first lithium offtake agreement with a subsidiary of China’s largest lithium compounds producer, Gangfeng Lithium, just before Christmas last year. The company inked an offtake agreement with GFL International for the sale of up to 160 000 t/y of spodumene... 

Cornish Lithium awarded lithium exploration right off Cornwall coast

By: Marleny Arnoldi     6th January 2021 The Crown Estate has announced the outcome of its Minerals Licensing Round, granting Cornish Lithium rights to explore for lithium within geothermal waters in areas off both the north and south coasts of Cornwall, England. The Crown Estate manages the seabed and much of the foreshore around... 

Net-zero emissions commitments hold benefits, but also downsides, for miners 

By: Simone Liedtke     6th January 2021 Miners are targeting massive carbon reductions over the next 10 to 15 years on the path to achieving net-zero emissions by 2050, with equity research company Jefferies warning that this implies higher costs and capital expenditure (capex), but also a trend of less supply, higher commodity prices,... 

Pilbara sets new record in Dec quarter

By: Esmarie Iannucci     6th January 2021 Lithium miner Pilbara Minerals on Wednesday reported record shipments for the December quarter, with 70 609 t of spodumene concentrate delivered to offtake partners. The December shipments exceeded the sales guidance of between 55 000 t and 70 000 t previously set. 

Pilbara sets new record in Dec quarter

Lepidico notes positive offtake discussions

By: Tasneem Bulbulia     5th January 2021 ASX-listed Lepidico has announced that it is in confidential discussions with up to six lithium hydroxide consumers and three caesium/rubidium consumers. The company says it has been advised by one prospective customer that its analysis of  a lithium hydroxide monohydrate sample provided in 2020... 

Brazil Minerals expands lithium project footprint

By: Simone Liedtke     4th January 2021 Lithium miner Brazil Minerals has been granted exploration permits for two additional mineral claims that are now part of its lithium project in the northeast part of the state of Minas Gerais, in Brazil. The company is focused on producing hard-rock lithium from high-grade spodumene pegmatites... 

Covid recovery boosts Aus exports

By: Esmarie Iannucci     4th January 2021 The outlook for Australia’s resource and energy exports has improved over the past three months, as global economic activity rebounds from the Covid-19 pandemic, with resources and energy exports to remain robust after earning a record A$291-billion in 2019–20, federal Resources Minister Keith... 

Covid recovery boosts Aus exports

Pilbara completes institutional offer

By: Esmarie Iannucci     16th December 2020 Lithium miner Pilbara Minerals has raised A$61-million under its institutional entitlement offer, to partly fund the acquisition of the Altura project, in Western Australia. The company earlier this week announced plans to raise A$240-million to fund a share sale agreement with ASX-listed Altura... 

Galaxy raises final A$38m, completes Sal de Vida raising

By: Esmarie Iannucci     15th December 2020 Lithium miner Galaxy Resources has completed the retail component of its entitlement offer, raising A$38-million as part of the company’s larger A$161-million capital raise. Galaxy in November announced plans to raise the funds to finance the Stage 1 development of its Sal de Vida project, in... 

Pilbara launches A$240m raise for Altura buy

By: Esmarie Iannucci     14th December 2020 Lithium miner Pilbara Minerals has launched a A$240-million equity raising to fund the acquisition of fellow-listed Altura Mining’s lithium project in the Pilbara. Pilbara Minerals earlier this month entered into a share sale agreement with the administrators of fellow listed Altura Mining to... 

IGO completes institutional raise for Tianqi buy

By: Esmarie Iannucci     11th December 2020 ASX-listed Independence Group (IGO) has successfully completed the institutional component of its entitlement offer and share placement to partly fund its deal with lithium producer Tianqi Lithium Corporation. IGO on Friday announced that the share placement had raised some A$446-million, while... 

IGO completes institutional raise for Tianqi buy

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Rio Tinto reports maiden lithium reserve in Serbia

By: Esmarie Iannucci     10th December 2020 A maiden ore reserve of 16.6-million tonnes, grading 1.18% lithium oxide and 13.4% boron trioxide has been declared at mining major Rio Tinto’s Jadar lithium/borate project, in Serbia. The company on Thursday announced that the project contained a mineral resource estimate of 55.2-million tonnes... 

Rio Tinto reports maiden lithium reserve in Serbia

Piedmont makes a move to the US

By: Esmarie Iannucci     9th December 2020 Lithium developer Piedmont Lithium has announced plans to re-domicile from Australia to the US through a proposed scheme of arrangement. Subject to shareholder, regulatory and court approvals, Piedmont would move its primary listing front eh ASX to the Nadaq capital market, while retaining its... 

IGO strikes A$1.9bn deal for Greenbushes and Kwinana plant

By: Esmarie Iannucci     9th December 2020 ASX-listed Independence Group (IGO) has struck a A$1.9-billion deal with lithium producer Tianqi Lithium to acquire a significant stake in the Greenbushes lithium mining and processing operation, as well as in the Kwinana lithium hydroxide plant, both in Western Australia. IGO will acquire a 49%... 

IGO strikes A$1.9bn deal for Greenbushes and Kwinana plant

China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles  

By: Martin Creamer     8th December 2020 Battery electric vehicles such as municipal buses and trucks are being converted into hydrogen fuel cell vehicles by China. “China already has a very well-established infrastructure to charge batteries and run battery electric trucks. But in the north, it’s very cold and we know battery electric... 

China converting battery electric vehicles into platinum-linked hydrogen fuel cell vehicles
World Platinum Investment Council Director of Research Trevor Raymond interviewed by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Cornish Lithium to speed up Trelavour project

By: Creamer Media Reporter      7th December 2020 UK-based exploration and development company Cornish Lithium on Monday announced that it would accelerate the Trelavour hard rock lithium project near St Austell, following the successful production of nominal battery-grade lithium hydroxide. This was achieved using ASX-listed Lepidico... 

Cornish Lithium to speed up Trelavour project
Cornish Lithium founder Jeremy Wrathall

US buyer emerges for Bald Hill

By: Esmarie Iannucci     7th December 2020 US-based lithium products group Austroid Corporation is hoping to acquire the mothballed Bald Hill lithium mine, in Western Australia, from Alita Resources, which was previously known as Alliance Mineral Assets. Alita went into administration in 2019, and Bald Hill was placed on care and... 

Rodents, not mining, caused damage to Nevada wildflowers, says govt agency

By: Reuters     7th December 2020 Widespread damage to rare Nevada wildflowers in September was due to ground squirrels, the US Fish and Wildlife Service said on Friday, and not linked to human activity in the area, which includes a lithium mine being developed by Australia's ioneer. The Center for Biological Diversity (CBD), a... 

Battery costs fall, make electric vehicles cheaper - BMI

By: Reuters     3rd December 2020 The cost of battery cells used for electric vehicles has fallen to an average of $110/kWh, making such cars competitive with those using internal combustion engines (ICE), according to Benchmark Mineral Intelligence (BMI). One barrier to a higher take up of electric vehicles has been the high... 

Battery costs fall, make electric vehicles cheaper - BMI

Piedmont granted US air permit

By: Esmarie Iannucci     3rd December 2020 Lithium developer Piedmont Lithium has been granted a key permit for chemical operations at its planned 22 700 t/y lithium hydroxide chemical plant, in King Mountain, North Carolina. The company on Thursday told shareholders that the North Carolina Department of Environmental Quality’s... 

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