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Lithium News

Reserve Bank concern about decline of public markets welcome development – Miller  

By: Martin Creamer     12th June 2024 The concern that South Africa’s Reserve Bank expressed last week on the state of this country’s public markets is seen as a welcome development by AmaranthCX director and public market promoter Paul Miller. Everything the Johannesburg Stock Exchange (JSE) has done, even when it has been... 

US BLM approves follow up drilling at Arizona Lithium’s Big Sandy

By: Mariaan Webb     11th June 2024 The US Bureau of Land Management (BLM) has issued Arizona Lithium a permit for a drill and bulk sampling programme at the Big Sandy project, in Arizona. The ASX-listed company is now set to start a long-awaited follow up drill programme at Big Sandy, which currently contains a resource of 320... 

Speedier, greener lithium may be nine years away, Codelco says

By: Bloomberg     10th June 2024 Codelco, the copper giant that’s about to become a major lithium player, delivered some cautious guidance on the timing of a cleaner, faster way to extract the battery metal in northern Chile. A week after signing contracts to take a majority stake in SQM’s sprawling brine operations on the... 

Speedier, greener lithium may be nine years away, Codelco says

Codelco targeting 2030 production for Maricunga lithium site, document shows

By: Reuters     7th June 2024 Rothschild & Co has formally started to assess candidates to partner with Chile's state-run miner Codelco on a major new lithium project slated to begin production in 2030, according to documents seen by Reuters on Thursday. A four-page "investment highlight" document from Codelco and... 

Codelco targeting 2030 production for Maricunga lithium site, document shows

World Hydrogen alerted to benefit of South Africa’s zero-emission hydrogen haul truck 

By: Martin Creamer     7th June 2024 One hydrogen haul truck eliminates the deleterious carbon emissions of the equivalent of 700 cars, First Mode global hydrogen sourcing director James Betts highlighted during this week’s World Hydrogen Australia webinar, where he spoke of the need for the hydrogen haul trucks to be conceived as... 

South Africa pioneered hydrogen haul truck.
South Africa pioneered hydrogen haul truck.

Codelco chairman says SQM lithium deal on track, despite Tianqi dispute

By: Reuters     7th June 2024 A plan to kick off a partnership between Chilean state miner Codelco and the world's No. 2 lithium producer SQM is on track for next year despite a potential challenge from a major SQM shareholder, China's Tianqi, Codelco chairman Maximo Pacheco said on Thursday. Codelco and SQM last week... 

Codelco chairperson Maximo Pacheco
Codelco chairperson Maximo Pacheco

Long-term unlocking of vast resources potential gaining ground

By: Simone Liedtke     7th June 2024 Mozambique’s mining industry has been a significant driver of economic growth over the past two decades. With vast mineral resources, including heavy sands, coal, magnetite, graphite, lithium, gold and gemstones, the country offers a promising landscape for mining investments, says mining... 

MOZAMBIQUE POTENTIAL
Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa
MOZAMBIQUE POTENTIAL Mozambique continues to attract international interest and aims to bolster its position as a key mining hub in Southern Africa

BMW commits to Wolfsberg lithium project

By: Creamer Media Reporter      6th June 2024 Automotive giant BMW has transferred $15-million to ECM Lithium, a subsidiary of Nasdaq-listed Critical Metals Corp (CRML) for the offtake of battery-grade lithium hydroxide from the Wolfsberg lithium project, in Austria. “This is a huge milestone for the Wolfsberg project, which now pavs the... 

BMW commits to Wolfsberg lithium project

Chilean regulator aims for quick decision on Tianqi-SQM dispute

By: Reuters     6th June 2024 Chile's financial regulator said on Wednesday it is aiming to respond as quickly as possible to a complaint from China's Tianqi Lithium over a planned lithium partnership between miner SQM and Chilean state miner Codelco. Tianqi, which holds about a fifth of shares in SQM, has argued to the... 

Bravura expects to begin Zimbabwe lithium production in 2025

By: Bloomberg     5th June 2024 Bravura Holdings – a firm owned by Nigerian tycoon Benedict Peters – plans to start production at a Zimbabwean lithium project early next year, a company official said. The miner remains committed to commissioning the Kamativi lithium tailings project in 2025 despite the weak price of the battery... 

First call applications for R400m junior mining exploration fund close July 12

By: Martin Creamer     4th June 2024 The first call applications for the R400-million junior mining exploration fund (JMEF) close on July 12. This was stated on Tuesday in a media release issued by the Department of Mineral Resources and Energy (DMRE), in partnership with the Council for Geoscience (CGS) and the Industrial... 

Need for quick exploration activity.
Unless exploration increases fast, the vital mining economy will shrink.

Occidental Petroleum, Berkshire Hathaway form JV to extract lithium

By: Reuters     4th June 2024 Occidental Petroleum said on Tuesday it had entered into a joint venture with Berkshire Hathaway's energy unit to extract lithium. The energy producer said it would use its technology to extract and commercially produce high-purity lithium compounds at Berkshire's geothermal facility in California. 

Volvo to issue world's first EV battery passport ahead of EU rules

By: Reuters     4th June 2024 Volvo Cars is launching the world's first EV battery passport recording the origins of raw materials, components, recycled content and carbon footprint for its flagship EX90 SUV, which is about to start production, the Swedish automaker told Reuters. The passport was developed by Volvo, which is... 

The Volvo logo on a vehicle

E3 nominates Albemarle’s Craft as director

By: Creamer Media Reporter      4th June 2024 Lithium development company E3 Lithium has nominated Tina Craft from Albemarle to its board of directors, subject to election at the upcoming AGM. Craft has held various leadership roles during her 27-year tenure at Albemarle, including that of chief commercial officer for several divisions. 

Green Technology searches for new CEO

By: Creamer Media Reporter      4th June 2024 Australia-listed, Canada-focused Green Technology Metals on Tuesday announced that it would be looking to appoint a new CEO as the company progressed its Seymour lithium project, in Ontario, towards financing and development. CEO Luke Cox has resigned and will leave the company on July 19. 

The company's 2024 exploration field season has started.
The company's 2024 exploration field season has started.

CIMIC and Hancock investments keep Vulcan momentum

By: Creamer Media Reporter      3rd June 2024 Lithium project development company Vulcan Energy has raised €40-million (about A$65-million) strategic investments through private placements that will keep the momentum going at its zero-carbon lithium project in Germany. Engineering-led construction, mining and services group CIMIC has... 

CIMIC and Hancock investments keep Vulcan momentum

CNGR receives Chinese approvals to buy Lithium Energy’s Solaroz project

By: Creamer Media Reporter      3rd June 2024 CCNET, a subsidiary of China-listed CNGR Advanced Material Co, has received Chinese regulatory approvals to acquire Australian junior Lithium Energy’s 90% interest in the Solaroz lithium brine project in Argentina. CCNET will buy the project for $63-million in cash. 

China’s CNGR looks to snap up more lithium projects in Argentina

By: Bloomberg     3rd June 2024 CNGR Advanced Material, a Chinese battery-component maker and Tesla supplier, is looking to buy major stakes in Argentina brine deposits to extend its foray into the lithium-rich region as it builds its own supply chain outside the Asian nation. Senior CNGR executives visited at least three... 

China’s CNGR looks to snap up more lithium projects in Argentina

Tianqi weighs bid to protect interests in Chile's SQM-Codelco lithium deal

By: Reuters     3rd June 2024 China's Tianqi Lithium, a major shareholder in Chile's SQM, said it may consider action to protect its interests in a key deal signed by SQM and Chilean state miner Codelco. Friday's pact, while seen as pivotal to boost the Andean nation's lithium output, would potentially dilute Tianqi's stake... 

Tianqi weighs bid to protect interests in Chile's SQM-Codelco lithium deal

Codelco and SQM announce final lithium agreement

By: Reuters     31st May 2024 Chile's State copper producer Codelco and lithium company SQM have agreed to a final deal to create a joint venture for lithium production in the Salar de Atacama, both companies said in statements on Friday. The deal will grant majority control to Codelco, a core element of President Gabriel... 

Codelco and SQM announce final lithium agreement

Chile hopes SQM-Codelco deal to proceed as planned, Finance Minister says

By: Bloomberg     31st May 2024 Chile’s government indicated that SQM and Codelco will proceed with the signing of a binding lithium partnership by Friday’s self-imposed deadline even as the deal faces mounting headwinds. “We hope that the agreed deadlines will be met,” Finance Minister Mario Marcel, 64, said Thursday in an... 

Chile Finance Minister Mario Marcel
Chile Finance Minister Mario Marcel

Chile's ENAMI aims to break ground on first lithium project by 2028

By: Reuters     31st May 2024 Chile's State mining firm ENAMI aims to start construction on its first lithium project in the country as soon as 2027 or 2028, company chief Ivan Mlynarz told Reuters, part of the government's push to boost its role in production of the battery metal. ENAMI, which processes copper for local... 

Atlantic progresses large sampling programme on second lithium prospect in Ghana

By: Marleny Arnoldi     30th May 2024 Aim-listed Atlantic Lithium has collected 1 344 soil samples from the Ewoyaa lithium project surrounds in Ghana, with more than 5 400 samples still being collected in an ongoing geochemical soil sampling programme. The company has been advancing geochemical work, as well as geological mapping... 

Artist impression of planned Ewoyaa lithium mine
Artist impression of planned Ewoyaa lithium mine

Thunderbird shifts focus to high-potential Canadian uranium, drops lithium

By: Mariaan Webb     29th May 2024 Exploration company Thunderbird Resources on Wednesday announced its decision to concentrate all efforts on the high-potential uranium assets in Canada’s Athabasca basin, following a strategic review of its project portfolio. The review highlighted a compelling case for prioritising uranium,... 

Thunderbird shifts focus to high-potential Canadian uranium, drops lithium

Critical Resources discovers ‘major’ new LCT pegmatite system at Mavis Lake

By: Creamer Media Reporter      29th May 2024 The share price of ASX-listed Critical Resources rose nearly 10% on Wednesday as the lithium exploration company announced the discovery of several new spodumene-bearing pegmatites at Mavis Lake, in Ontario, Canada. The discoveries, made just weeks into the summer field exploration campaign,... 

Winsome hikes Adina mineral resource estimate

By: Creamer Media Reporter      29th May 2024 Lithium exploration and development company Winsome Resources has substantially increased the resource of the Adina project, in the Eeyou Istchee James Bay region of Quebec, while also enhancing the grade and resource category. The latest mineral resource estimate for Adina pushed up the global... 

A road leading to the nearby Renard operation
A road leading to the nearby Renard operation

Measures to address loss-making assets expected to secure R6.6bn yearly, Sibanye AGM hears 

By: Martin Creamer     28th May 2024 The measures that green metals and gold mining company Sibanye- Stillwater has taken to address loss-making assets are expected to secure yearly savings and capital expenditure deferrals of R6.6-billion, chairperson Dr Vincent Maphai told the online AGM of the platinum group metals major on... 

Dr Vincent Maphai (left) and Neal Froneman.
Dr Vincent Maphai (left) and Neal Froneman.

Lithium Universe confirms its procurement strategy for Québec lithium refinery project

By: Darren Parker     28th May 2024 ASX-listed Lithium Universe has confirmed that it will adopt a “same equipment, same supplier” procurement strategy for its Bécancour lithium refinery project, in Québec, Canada. This follows a recent visit by Lithium Universe board members and CEO Alex Hanly to consulting engineering and project... 

Ruthenium highlighted again in what could be another big boost for platinum group metals 

By: Martin Creamer     27th May 2024 Ruthenium, one of the six platinum-group metals (PGMs), is once again being given major research attention in view of it being exceptionally suited to uplifting the efficiency and sustainability of green hydrogen production from green ammonia. Late last year, it was a ruthenium-based catalyst... 

Valuable use of ruthenium being researched.
Photo by Inforgraphic: Heraeus Precious Metals
Valuable use of ruthenium being researched.

Armada ventures in US lithium market with Midwest acquisition

By: Mariaan Webb     27th May 2024 Sydney-headquartered Armada Metals has set its sights on the lithium market in the US. The company on Monday unveiled a binding term sheet agreement to acquire Midwest Lithium – a mineral explorer targeting hard rock lithium projects in South Dakota. Armada nonexecutive chairperson Rick Anthon... 

Armada ventures in US lithium market with Midwest acquisition

Astute starts drilling campaign at Red Mountain, Nevada

By: Creamer Media Reporter      27th May 2024 Australia-listed Astute Metals has initiated a maiden drilling campaign at its Red Mountain lithium project, in Nevada. “We are excited to be drilling again in Nevada as our lithium growth strategy in North America continues to advance,” commented chairperson Tony Leibowitz. 

Astute starts drilling campaign at Red Mountain, Nevada

Arizona Lithium starts production drilling at Prairie project

By: Creamer Media Reporter      27th May 2024 Australia-listed Arizona Lithium on Monday announced the initiation of production drilling at its Prairie lithium project, in Saskatchewan, marking a milestone in Canada’s lithium industry. The commencement of drilling operations on Pad #1 signifies the beginning of Canada’s first commercial... 

Arizona Lithium starts production drilling at Prairie project

Massive water power possibilities in underground mining, says COMRO book editor   

By: Martin Creamer     24th May 2024 When hydropower was being developed for South Africa’s gold-mining industry, the industry was going through a tough time and the research organisation of the day, the Chamber of Mines Research Organisation or COMRO, ceased to function in the form that it had for 30-odd years. Had COMRO continued... 

COMRO book editor Brian Protheroe (right) and Mining Weekly's Martin Creamer (left).
COMRO’S Legacy editor Brian Protheroe interviewed by Mining Weekly's Martin Creamer. Video: Nicholas Boyd.

Battery maker ATL invests in Argosy Minerals

By: Creamer Media Reporter      24th May 2024 ASX-listed Argosy Minerals on Thursday announced a $5-million strategic investment from lithium-ion battery maker Amperex Technology (ATL) and the appointment of James Shay as COO. In terms of a subscription agreement, Argosy will place new fully paid ordinary shares in the company to ATL at... 

SQM expects to close Codelco lithium deal by May 31 deadline

By: Reuters     24th May 2024 Chilean mining company SQM, the world's second-largest lithium producer, expects to meet a May 31 deadline to finalise a joint venture with state-run miner Codelco, SQM's CFO, Gerardo Illanes, said on Thursday. Some analysts had cautioned the deal could be delayed after an earlier deadline was... 

Green hydrogen must be allowed to decarbonise optimally, Junior Indaba hears  

By: Martin Creamer     23rd May 2024 Green hydrogen must be made cheap enough to decarbonise optimally at a time when the delay in emission reduction needs to be reversed if the world is to hit net zero by 2050. A range of factors need to be aligned relating to policy, technology, the circular economy, social buy-in and primary supply. 

Hugo Pienaar.
Junior Indaba covered by Mining Weekly's Martin Creamer. Video: Darlene Creamer.

Zimbabwe state miner says lithium assets attract investors

By: Bloomberg     23rd May 2024 Zimbabwe’s state-owned miner Kuvimba Resources said its lithium assets are attracting potential investors from both China and other countries. Kuvimba has identified a lithium ore resource of 38 million tons at Sandawana, the site of a mothballed emerald mine formerly run by Rio Tinto. That’s... 

SQM swings to $870m loss as oversupply sinks prices

By: Reuters     23rd May 2024 Chilean mining company SQM, the world's second-largest lithium producer, on Thursday posted a net loss of $870-million for the first three months of the year, as oversupply of the metal needed for electric vehicle batteries drags on prices. This brought a loss of $3.04 per share, well below the... 

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