Walkabout Resources (ASX: WKT, Share Price: $0.125, Market Cap: $15m) is an emerging graphite play that has implemented measured exploration, project appraisal and growth strategies. It aims to fast-track production at its Lindi jumbo graphite project in Tanzania, whilst also filing applications for Prospecting Licences in Tanzania and Namibia. It has also expanded its commodity exposure into lithium. Walkabout during mid-January announced positive Scoping Study results for a proposed open-pit mine and graphite processing plant at its 70%-owned Lindi jumbo graphite project. The company has since released the results of a Definitive Feasibility Study (DFS) that reinforce the project’s robust economics. Market Significance Whilst it’s very much early days in terms of Walkabout’s graphite and lithium adventures, the company has so far adopted a very successful and measured approach to project advancement in a relatively short space of time. The company’s flagship Lindi graphite project has recently seen the release of a maiden JORC Resource, along with the release over the past month of robust Scoping Study and Definitive Feasibility Study (DFS) results. Not surprisingly this has led to a resurgence in Walkabout’s share price, although it remains modestly-valued compared with most of its sector peers. Announcement Detail – Lindi…
Australia is on track to host the world’s two biggest lithium mines as soaring sales of electric vehicles and mobile phones in China drives demand for the rare metal. Surging production of electric vehicles and the lithium batteries that power them is expected to underpin demand for lithium, the key Diggers and Dealers mining industry conference has heard… Source: Why Australia will be at centre of lithium boom | afr.com
Elon Musk’s Master Plan Could Be a Big Boost to Lithium Investments Lithium is more than a metal or an element in the periodic table. It is literally one of the keys to the future. To suggest that investors should be optimistic about lithium stocks is an understatement. Lithium investments will rise, especially as Elon Musk has made the topic of lithium-ion batteries so current (no pun intended). Clearly, Elon Musk is bullish on lithium: his own Tesla Motors Inc (NASDAQ:TSLA) virtually revolves around lithium. To put it bluntly: Tesla stock would collapse without lithium… Read more: Tesla Stock: Why Elon Musk is Optimistic on Lithium Investments?
European Metals Holdings Ltd (ASX and LON:EMH) has today announced analytical results for the confirmation drillhole CIW-11 at the Cinovec Lithium-Tin-Tungsten Project (“the project” or “Cinovec”). Key Points: · Drillhole CIW-11 returned two main mineralized intercepts of 89.95m averaging 0.61% Li2O and 109.4m averaging 0.38% Li2O. · The first intercept includes a high-grade interval of 63.85m @0.76% Li2O, which hosts an internal very high grade interval of 12m @1.04 %Li2O. In addition, two sections of this lithium interval contain significant tin and tungsten mineralization: 2.85m averaging 0.27% tin and 0.053% tungsten; and 6m averaging 0.18% tin and 0.009% tungsten. This yields the best Li intercept recorded by the Company to date. · Drilling continues in the main section of the deposit, targeting near-surface mineralization on the flanks of the historic underground mine. Altogether, five drillholes (1,644m) have been completed this year, with three underway… Read More: European Metals Holdings Ltd Exceptional Results in latest Drill Programme Update –
China’s Sichuan Tianqi Lithium Industries plans to develop a $400 million lithium plant in Kwinana, Western Australia. The company already owns a majority stake in the Greenbushes operation, one of the world’s largest lithium concentrate producers. The plant’s development plans will be presented before a State Government development assessment panel tomorrow, The West reports, with the Tianqi board understood to make a final decision on the site next week. If given the green light, construction could beg… Read More: New lithium plant on the cards for Kwinana – Australian Mining
The frenzied search for more lithium, a key ingredient in batteries to store solar power and to drive electric cars, has reignited the entrepreneurial spirit of an Australian mining industry bashed hard by falling global commodity prices. The rise of Tesla, with its electric cars and powerwalls to store solar power for night time use, combined with emerging plans by the big vehicle makers to launch their own green cars, has seen global demand for lithium soar. Many a junior miner, left in the wake of falling commodity prices without a reason for existence, has its eye on lithium… Source: The facts and fiction of Australia’s lithium boom | Business Insider
Lithium spot and contract prices reviewed. Galaxy Resources releases an outstanding updated NPV for Sal de Vida. Neo Lithium goes on a wild ride after it’s recently listing. Welcome to the first of what may become a monthly series of articles designed to keep investors updated as to what is the latest news in the lithium mining industry, and in particular with the major lithium companies… Read more: Lithium Miners News For The Month Of August 2016 | Seeking Alpha
Galaxy, which restarted its Mt Cattlin lithium mine and just completed a takeover of General Mining, has risen by over 1300% in the past year and now has a market capitalisation of $A685 million. Peer Orocobre, which has been in production in Argentina since late 2014, has also benefitted from the increased interest in lithium. Its shares have more than doubled over the past year and the company is now valued at $800 million. In a booming gold sector, Resolute has been one of the biggest winners, surging by 600% under the leadership of former investment banker John Welborn. The company has slashed debt and returned to paying dividends, with its market cap growing to nearly $1.2 billion. Resolute and Galaxy have also been admitted to the ASX All Australian 50, while Galaxy will also join the ASX 300. Also joining the ASX 300 is gold developer Dacian Gold, gold producer Doray Minerals and graphite player Magnis Resources. Dacian has risen by over 600% over the past year, and with a market cap of $450 million, is worth significantly more than Doray ($233 million), despite Doray being a circa 140,000 ounce per annum producer. The companies are both run by…
Lithium. It mightn’t have captured the same level of attention as the infant formula boom did in 2015, but the returns have certainly been just as spectacular – if not more so. Lithium miners are in hot demand amongst investors right now thanks largely to soaring lithium prices. The commodity soared in price because of the increased use of lithium-ion in batteries, used to power devices such as smartphones and vacuum cleaners, as well as cars and even homes. In fact, so large are the returns that have been generated by some of the companies in the sector that two are to be included in the S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) index, which tracks 200 of the biggest and most widely followed businesses on the ASX! Galaxy Resources Limited (ASX: GXY) is one of the businesses that has made its way into the ASX 200 cohort. With shares priced at 40 cents, the miner boasts a market capitalisation of roughly $686 million. The shares have exploded in price since the beginning of the year, rising 243%, and are up an astonishing 1,363% over the past 12 months. Meanwhile, Orocobre Limited (ASX: ORE), which carries a market value just shy…
Lithium Australia (ASX:LIT) has announced a Canadian alliance with LiGeneration Limited. Seed capital has been provided by LIT to LiGeneration which is planning to list on the Australian stock exchange through an IPO by the end of the year. Shareholders in LIT will be given priority entitlement to IPO share subscriptions in the LiGeneration float. LIT will be a significant shareholder in LiGeneration and will provide both technical and administrative support. LiGeneration’s assets include lithium pegmatites located in Quebec, Canada. Of which the IPO hopeful owns a 100% interest of the Whabouchi Southwest and Southeast lithium projects. The more than 14,000ha area covered in three separate projects neighbours the world-class Nemaska Lithium Whabouchi Mine with is the second largest and richest global lithium reserve. LiGeneration also holds a 100% stake in the Wells-Lacourciere lithium project. Historical exploration at the site consisting of trenching and bulk sampling returned assay results between 2.87% Li2O and 4.0% Li2O. There is no guarantee the IPO of LiGeneration will add market value to LIT and its shareholders, so seek professional financial advice if considering LIT for your portfolio. Further to the announcement surrounding LiGeneration, LIT has lodged a provisional application for an Australian patent with…
SourcingLink.net Inc. (OTC Pink: SNET) Tesla recently accelerated production of their $5B “Gigafactory” in anticipation of increased demand for lithium, ahead of the release of their new Model 3 sedan, as discussed in this recent Wall Street Journal article: http://www.wsj.com/article_email/tesla-races-to-finish-gigafactory-in-time-for-model-3-rollout-1469404142-lMyQjAxMTA2MTI2OTUyOTk4Wj This article not only demonstrates the increase in lithium demand, but also represents a major push to bring lithium battery production to the United States. All of this could be good news for SNET, which may be well positioned with is recent acquisition of the Lac Fire Lithium property in Quebec, Canada… Source: Lithium Demand on the Rise
Liontown Resources Ltd (ASX:LTR) is preparing some details on the acquisition of a lithium project. The ASX has granted the company a trading halt to prepare, with its shares placed in pre-open. The halt will remain in place until the opening of trade on Friday 5th August 2016, or earlier if an announcement is made to the market… Source: Liontown Resources Ltd to pounce on lithium project – Proactiveinvestors (AU)
Lithium Australia NL (ASX:LIT) has been successful in developing its own unique hydrometallurgical process, the Sileach™ process which allows lithium to be extracted from spodumene without roasting. This is seen by industry and end users as a significant breakthrough. LIT continues to assess lithium projects worldwide and is actively reviewing opportunities in Africa, Europe, the Americas and Australia… Source: Lithium Australia Report For June 2016: Transforming The Lithium Supply Chain – Investing News Network
Vancouver, British Columbia / TheNewswire / August 2, 2016 – PUF Ventures Inc. (“PUF” or the “Company”) (CSE: PUF) (Frankfurt: HR2P) (OTCPK: PUFXF) is pleased to announce that, in order to capitalize on the recent surging demand for Lithium, it has acquired a 100% interest in certain mineral claims (the “Claims”) located in Quebec, Canada, known as the Lac Saint Simon Lithium Property (the “Property”) pursuant to a mineral property acquisition agreement (the “Agreement”) with Thomas Clarke (the “Vendor”), an individual who is the beneficial owner of the Claims. The Property consists of nine map designated cells totaling approximately 480 hectares and is situated in west central Quebec approximately 2km from the boundary of Nemaska Lithium’s Whabouchi Spodumene Project (“Whabouchi”). According to Nemaska Lithium, Whabouchi is the world’s second richest and second largest lithium deposit. To date, Whabouchi has an estimated 27.3 million tonnes of proven and probable reserves with a grade of 1.53% Li2O. The mine life is projected to be at least 26 years… Source: PUF Ventures Announces Strategic Entry into Lithium Space and Corporate Update
From gold to graphite to zinc to lithium, Australia’s army of “penny dreadful” stocks is rising from the ashes of the mining bust and growing at rates that majors like BHP Billiton and Rio Tinto can only wish for. Micro miners are posting double or even triple-digit gains, buoyed by a belief that metals prices have bottomed, while companies that managed to come through the downturn are being aided by cheaper labor and operating costs. “It’s about the growth and the profit that can come very quickly,” said Perth-based retail investor Tim Larmont, who has been dabbling for over two decades in a sector that’s known as a hothouse for day traders and speculators. “There’s always that expectation it will end tomorrow, but it looks like it could last longer this time. These companies aren’t burning through money like they used to. Anyone that’s survived is more responsible. “Renewed optimism is reflected in near-record attendance at this week’s Diggers and Dealers mining conference, where some 1,800-plus prospectors, miners and bankers are crowding into the outback town of Kalgoorlie in Western Australia’s goldfields. Gold miners were like “rock stars”, Evolution Mining chairman Jake Klein told the conference. “Investors are happy, investment…
Australia is on track to host the world’s two biggest lithium mines as soaring sales of electric vehicles and mobile phones in China drives demand for the rare metal. Surging production of electric vehicles and the lithium batteries that power them is expected to underpin demand for lithium, the key Diggers and Dealers mining industry conference has heard. Pilbara Minerals, which is developing the Pilgangoora Project in the iron-ore rich Pilbara region of Western Australia, has recently signed an offtake agreement with Chinese firm General Lithium and plans to start mining next year. Pilbara chief executive Ken Brinsden, the former boss of iron ore miner Atlas Iron, told the conference in Kalgoorlie that investors will focus on the value of new lithium developers and choose low-cost operations close to a port as they did with iron ore. “It’s going to take a big project like ours to make a dent in the demand side,” Mr Brinsden told reporters at Diggers and Dealers on Tuesday. “This whole scene will become really important for Australia. “Mr Brinsden said Australia had a fantastic natural endowment of lithium raw materials. The US and Chinese-owned Greenbushes lithium mine in south Western Australia is now the…
From cellphones to laptops to electric vehicles, lithium makes up an increasingly important part of the technologies used in the daily lives of people around the world. Certainly, lithium has an interesting history. In 1817, Johann Arfwedson discovered a soft, silver-white metal while working in a laboratory under his mentor in Sweden. The mentor, chemist Jöns Berzelius, named it after the Greek word for stone, “lithos.” Today, that alkali metal is known as lithium. By the 1940s, people began using lithium to treat what was at the time considered ‘mania.’ Over 70 years later, such symptoms are now traditionally labeled as bipolar disorder or manic depression, but lithium is still one of the most common elements used to treat these mood disorders. Researchers also believe it was used for medicinal purposes as many as 1,800 years ago. Along with its role in the pharmaceutical industry, lithium is primarily used in batteries as well as heat-resistant glass and ceramics. The element’s electrochemical potential makes it useful for battery nodes, and it has the ability to decrease the melting temperature of glass because of its high specific heat. Overall, demand for lithium from the battery sector is expected to continue to rise…
Whoosh! Did you hear that? That’s the sound of Tesla’s share price rocketing back up. I guess the market likes the news it’s hearing. Bloomberg reports that the company has now received more than 325,000 reservations for its latest car — the Model 3. Markets can swing on a dime, that’s for sure. It’s certainly a change from early February. Back then the Stansberry Digest cited analysts at JP Morgan who had slashed their estimates for Tesla’s fourth quarter earnings in late January, and put a price target of US$180 on the stock. That was down from where it was trading at the time. They revised their forecast on slower expected sales of the company’s current fleet… Source: Why Lithium Stocks Could be the Trick to Making Money from Tesla | The Daily Reckoning Australia
Goldman Sachs calls it “the new gasoline,” and while this quote has helped inflate something of a bubble in lithium stocks, it’s not all hype. There’s a lot of substance behind the enthusiasm for this commodity and conditions appear ripe for one of those rare commodity bull runs that create significant wealth. For those with an appetite for the higher risk, higher return ideas, I give you Lithium X Energy Corp., a junior explorer backed by proven people that’s already off to an aggressive start. Lithium is the new gasoline because it appears that Tesla and other electric-car makers will gradually take market share away from Earth-destroying combustion engines. Goldman expects that share to rise seven-fold, to about 22 per cent, over the next decade. (Lithium is used in lithium-ion batteries in electric cars, as well as many other kinds of batteries, such as those in smart phones.) Annual lithium carbonate equivalent demand is currently 160,000 tonnes. Goldman estimates that a 1-per-cent increase in electric-battery car penetration will increase demand by a staggering 45 per cent. That supply, meanwhile, is temporarily constrained by a variety of issues, including recent temporary mine shutdowns and the fact big players are buying up…
Lithium as an investment becomes a popular alternative investment, making for a viable play on the growing demand for energy efficient technologies. Lithium batteries, much more efficient than traditional nickel-metal hydride ones, are in high demand from the automobile and electronics industries. The element’s limited supply is another important aspect making the metal a potentially profitable investment. Source: Lithium as an investment – Wikipedia, the free encyclopedia
Advantage Lithium Receives Conditional Approval to Close $ 4.0 M FinancingVANCOUVER, BRITISH COLUMBIA–(Marketwired – Aug. 2, 2016) – Advantage Lithium Corp. (the “Company” or “Advantage Lithium”) (TSX VENTURE:AAL), is pleased to announce it has received conditional approval, from the TSX.V Venture Exchange (“TSX.V”), to close the financing announced June 20th. The Company has received subscription agreements for 16 million shares to raise $4.0 million. Final approval is expected in conjunction with TSX approval of the farm-in agreement with Nevada Sunrise… Source: Advantage Lithium Receives Conditional Approval to Close $ 4.0 M Financing
Companies explore deposits, seek investment as worldwide demand grows for “white petroleum” to power rechargeable batteries. As global demand for lithium skyrockets, Zimbabwe may increase production of the so-called “white petroleum’’ that powers rechargeable devices including telephones and automobiles. Tesla’s plans to mass-produce its Model 3 battery-powered car have stoked worldwide demand. Tesla estimated its production target for electric cars alone – 500,000 vehicles by 2020 – could require as much lithium as is already currently being produced. Zimbabwe, the fifth largest producer of lithium on the planet, could increase its share of a growing market. Premier African Minerals has begun looking for partners to expand its Lithium and Tantalum mining operations at its Zulu Project in Zimbabwe… Source: Global demand could boost lithium mining in Zimbabwe
Pilbara Minerals, seeking to develop one of the world’s largest lithium projects, believes prices can sustain recent rapid gains on soaring demand in China for renewable energy, especially electric vehicles .“Big buyers of big volumes are right now paying more than $20 000 a metric ton for lithium carbonate in the battery market,” CEO Ken Brinsden said Monday in an interview with Bloomberg Television from Kalgoorlie, Western Australia… Source: Soaring lithium prices can sustain gains, Pilbara CEO forecasts
Cougar Metals NL (ASX:CGM) has been granted a trading halt by the ASX, pending details regarding a project acquisition in Brazil which is prospective for lithium. The halt will remain in place until the opening of trade on Thursday 4th August 2016, or earlier if an announcement is made to the market. Source: Cougar Metals NL to pounce on lithium in Brazil – Proactiveinvestors (AU)
Prospect Resources Ltd (ASX:PSC) is set to increase exploration news flow during this quarter, after wrapping up the first 16 diamond drill holes at the company’s Arcadia high grade lithium project in Zimbabwe. Assays are pending. Drilling has confirmed the down dip extension of the Main Pegmatite exposed in the old Arcadia pit. The company has identified at least 14 pegmatite layers, 4 above the Main pegmatite and 9below. A reverse circulation rig has been mobilised and is now drilling the first of the next 15 holes. The project hosts the Arcadia Lithium Deposit, which is a historically producing mine and has an initial exploration target of 15-18 million tonnes at 3-5% lithium. The company’s success to date was instrumental in raising $14 million last month. The raising attracted strong demand from Chinese sophisticated investors, including those within the lithium battery production cycle… Source: Prospect Resources Ltd’s diamond drilling to reveal lithium potential of Arcadia – Proactiveinvestors (AU)
Pilbara Minerals (PLS) is yet to develop its Pilgangoora lithium mine in Western Australia but it is already contemplating a much bigger operation as part of its push to become a downstream producer of lithium-ion battery feedstocks. Managing director Ken Brinsden outlined the downstream push in a presentation to the Diggers & Dealers conference, saying that while the building of a spodumene concentrate conversion plant was very much at the assessment level, it could become obvious early on that Pilgangoora would have to become bigger to accommodate Pilbara’s own conversion needs. The study into building a conversion plant, most likely in Malaysia, is a joint venture with Chinese lithium group General Lithium Corp, which recently cemented a spodumene concentrate supply agreement by taking up a 3 per cent equity stake in Pilbara. General Lithium is a producer of lithium carbonate and lithium hydroxide, which are feedstocks in the making of cathodes in lithium-ion batteries… Source: Pilbara Minerals’ ambitious lithium plans
Blaze International Ltd (ASX:BLZ) has entered into an option agreement to acquire the Marble Bar Lithium Project in the East Pilbara region of Western Australia. Blaze will join Pilbara Minerals Ltd (ASX:PLS) and Altura Mining Ltd (ASX: AJM) in a region which is becoming a hub for lithium activity, following the discovery of world-class pegmatite deposits. The Marble Bar Lithium Project consists of four exploration licence applications covering 370 square kilometres. Blaze will pay an initial cash option fee of $200,000 to Great Sandy Pty Ltd, an entity owned and controlled by well-known Pilbara prospector Denis O’Meara. Blaze can acquire the project by paying an additional $500,000 and issuing 25 million ordinary shares (worth $1.7 million as per Blaze’s last traded price) plus 75 million performance shares. Reconnaissance exploration has identified a pegmatite swarm at the project with a strike length of 3.5 kilometres within a 4 kilometres wide corridor… Source: Blaze International Ltd joins East Pilbara’s lithium bustle – Proactiveinvestors (AU)
The stock of Pure Energy Minerals Ltd (CVE:PE) is a huge mover today! The stock increased 6.17% or $0.05 on July 29, hitting $0.86. About 475,435 shares traded hands. Pure Energy Minerals Ltd (CVE:PE) has risen 6.00% since July 2, 2016 and is uptrending. It has outperformed by 0.70% the S&P500. The move comes after 5 months positive chart setup for the $54.27M company. It was reported on Aug, 1 by Barchart.com. We have $1.51 PT which if reached, will make CVE:PE worth $40.70 million more. Pure Energy Minerals Ltd is a Canada natural resource company. The company has a market cap of $54.27 million. The Firm is engaged in the acquisition, exploration and development of mineral properties. It currently has negative earnings. The Firm is an integrated exploration and processing developer with a focus on sustainable lifecycle solutions for lithium supply in North America. Source: Is Pure Energy Minerals Ltd’s Fuel For Real? The Stock Just Increased Again – Consumer Eagle
Global shipments and market share data of advanced batteries in 2015 shows how widely used automotive and stationary energy storage batteries have become. An analytical research by Navigant Research reveals an impressive increase in demand for advanced batteries as an alternative means to power electric vehicles as well as support grid-tied stationary energy storage systems (ESSs). Oakridge Global Energy Solutions, Inc. (OTCQB: OGES), AES Corp (NYSE: AES), NRG Energy Inc (NYSE: NRG), Albemarle Corporation (NYSE: ALB), Plug Power Inc. (NASDAQ: PLUG) The data was measured by cell shipments for the automotive and stationary energy storage sectors, 99% of which were advanced batteries made with Lithium-ion technology. The global Lithium-ion manufacturing capabilities have significantly improved in recent years, as governments around the world have provided friendly conditions for companies in this field to boost EV manufacturing and alternative energy capabilities. While the automotive market is mostly focused on lithium technology, the stationary energy storage market is more diverse. Some systems use lead-acid batteries, flow batteries, sodium-metal halide batteries, and Plug Power Inc. (NASDAQ: PLUG) is using hydrogen fuel cells for stationary power. Yet, there are companies working on new lithium technology products… Source: Advanced Batteries in the Automotive and Stationary Energy…
Multi-listed mineral resources company Wealth Minerals has entered into an option agreement to acquire a 100% royalty-free interest in the Quisco 1 to 9 exploration concessions, located in the Quisquiro Salar salt region in Antofagasta, northern Chile. The company also announced on Friday that it had entered into a formal option agreement, giving it the right to acquire the Salar 1 and Salar 2 mining concessions within the Aguas Calientes Norte Salar. The concessions span about 2 400 ha located in the southern portion of the Salar de Quisquiro, in Antofagasta’s Region II. The northern portion of the Salar de Quisquiro is held by Sociedad Quimica y Minera (SQM), one of two lithium-producing companies in Chile. The Quisco 1 to 9 exploration concessions, together with the Puritama 1 to 8 and Salar 1 and 2 concessions, located in the Salar de Aguas Calientes, and the Pujsa 1 to 7 concessions, located in the Salar de Pujsa, comprise Wealth Minerals’ Trinity Lithium project, a consolidation of three high-priority Chilean salars… Source: Wealth Minerals looks to acquire additional exploration concessions in Chile salt region
Releasing a special edition of its Western Australia Index at the Diggers and Dealers Forum, in Kalgoorlie, this week, Deloitte clients and markets partner Tim Richards said the strong increase in lithium and gold prices contributed to this growth. “The success of lithium miners has been matched only by the luster of the region’s established gold sector, with lithium and gold companies among the top three movers in terms of market capitalisation growth,” he added. Further, Richards said that lithium was “clearly the surprise package” for 2016. “We have seen a price increase of more than 200% as excitement continues to build around the potential for lithium batteries within electric vehicles and general power storage devices. “While these results demonstrate early signs of recovery in the resources sector, we expect the next wave of growth and productivity to be driven by an investment in truly transformative innovation, which extends beyond the recent focus on cost reduction and operational efficiency,” he noted… Source: Western Australia mining sector picking up pace – Deloitte
Sovereign Gold Company Ltd (ASX:SOC) continues to advance the Crescent Lake Lithium Prospects in Ontario, Canada. The company has now been granted approval to clear and upgrade the main access trail to the four identified Dempster lithium-bearing pegmatite occurrences.Clearing operations are expected to be completed within seven days. Additional lithium-bearing pegmatites will also be explored for subject to Exploration Permit approval, which the company expects to receive shortly. Crescent LakeThe 50.7 square kilometres of claims contain four lithium-bearing deposits and outcropping lithium-bearing pegmatites. The claims are adjacent to Ardiden Ltd’s (ASX:ADV) Seymour Lake Lithium Project and Argonaut Resources NL’s (ASX:ARE) Zigzag claims that contain lithium-bearing pegmatites.Ardiden’s claims host pegmatites up to 26 metres wide grading up to 2.38% lithium… Source: Sovereign Gold Company Ltd receives approval for Crescent Lake Lithium – Proactiveinvestors (AU)
Sovereign Gold Company Ltd (ASX:SOC) has entered discussions with a supplier of newly developed advanced processing and lithium recovery technology, Tenova Bateman Technologies. Sovereign Gold holds some highly prospective ground in North America, including in the Clayton Valley Basin in the U.S state of Nevada, and the Crescent Lake Lithium Prospects in Ontario, Canada. Rocco Tassone, managing director, commented: “The Tenova Bateman process is just one of the extraction methods our team will assess, although the elimination of excessive water demand, coupled with monetary, recovery and time advantages of this process is highly encouraging. “The Clayton Valley region has a history of Lithium production with neighbouring land holder Albemarle Corp (NYSE: ALB) Market Cap US$8.55bn, the largest Lithium Producer in the USA, producing since 1967… Source: Sovereign Gold Company Ltd reviewing lithium extract technologies – Proactiveinvestors (AU)
Pilbara Minerals Ltd., seeking to develop one of the world’s largest lithium projects, believes prices can sustain recent rapid gains on soaring demand in China for renewable energy, especially electric vehicles. “Big buyers of big volumes are right now paying more than $20,000 a metric ton for lithium carbonate in the battery market,” Chief Executive Officer Ken Brinsden said Monday in an interview with Bloomberg Television from Kalgoorlie, Western Australia. Prices are likely to remain at that level on accelerating demand growth as China’s government seeks to expand its use of renewable energy, he said. Pilbara is attempting to fast-track development of its Pilgangoora project, the second-largest deposit of tantalite and lithium-bearing spodumene, to tap rising demand. It’s aiming to begin some production as soon as December 2017 and last month agreed a sales agreement with China’s General Lithium Corp…. Source: Soaring Lithium Prices Can Sustain Gains, Pilbara CEO Forecasts – Bloomberg
Ken Brinsden, chief executive officer and managing director at Pilbara Minerals, discusses Lithium mining, his outlook for lithium prices and the future of the industry. He speaks to Bloomberg’s Yvonne Man on “Asia Edge” from the Diggers and Dealers Conference in Kalgoorlie, Australia. Source: Could Lithium Be Australia’s Next Mining Boom? – Bloomberg
Only a very small percentage of lithium exploration companies will actually ever get to the stage of having something that represents a potential commercial resources — not my words but those of Tim Richards of the Perth office of global accounting firm Deloitte. That comment came as part of a special report compiled for the annual Diggers and Dealers shindig (Australia’s more modest version of PDAC) that opened Monday in Kalgoorlie, the West Australian gold mining centre. Before we get to Richard’s comments, we should note the mention in the report compiled for Diggers and Dealers concerning InvestorIntel member Galaxy Resources (ASX: GXY): it came in top of all West Australian mining stocks for share price growth in the year to June 30. GXY stock rose 1,555%, taking its market capitalization over the 12 month period from A$40 million to A$662 million… Source: InvestorIntel Report: Galaxy a lithium star; Nevada Zinc bullish; Coal defies critics | InvestorIntel
Pilbara Minerals MD and CEO Ken Brindsen has big plans for the Pilgangoora project, which could exploit what’s potentially the world’s second-largest hard-rock lithium deposit. Although work is not due to start on the project until 2017, Brinsden, who joined Pilbara from Atlas Iron in January, can see the way demand for lithium is heading, and he likes it. (For a hint, check out what Elon Musk is building in the Nevada desert.) “There’s really exciting change going on globally, lots of disruptions in the way we use transport and store energy, and the lithium-ion batteries are really central to that so there’s huge demand growth through the lithium-ion supply chain,” Brinsden tells CNBC. “And Pilgangoora is, we would say, going to be a really important part of the supply solution.” … Source: Diggers and Dealers news and views in Kalgoorlie Western Australia with CNBC’s Matthew Taylor
Maximus Resources Ltd (ASX:MXR) has an asset acquisition on the table, with the ASX granting the company a trading halt to prepare details. Maximus had $1.4 million in cash at the end of June 2016. The company is currently focused on projects within Australia, and has outlined lithium potential at Spargoville. The halt will remain in place until the opening of trade on Wednesday 3rd August 2016, or earlier if an announcement is made to the market. Source: Maximus Resources Ltd to reveal asset acquisition – Proactiveinvestors (AU)
Lithium and the sale of half of Kalgoorlie’s aptly-named Super Pit gold mine are expected to be hot topics at this year’s Diggers and Dealers mining conference. Speaking on the eve of the three-day talkfest in Western Australia’s Goldfields region, Deloitte clients and markets partner Tim Richards said gold and silver had confirmed their status as safe-haven assets in what proved to be another volatile year for global commodities. Investors flocked to the precious metals amid heightened economic and political uncertainty from Brexit and the forthcoming US election.” Depending on what happens with the US election, we might even see higher prices,” Mr Richards told AAP.” If Donald Trump does get in, then people will want to go further into safer assets.”… Source: Lithium, Super Pit hot topics at Diggers – 9news.com.au
Albemarle Corporation (NYSE:ALB) closed at $84.17 after seeing 1702227 shares trade hands during the most recent session. This represents a change of -1.10% from the opening. The closing price represents the final price that a stock is traded for on a trading day. It’s the most up-to-date valuation until trading begins again on the next day. However, most financial instruments are traded after hours, which means that the the closing price of a stock might not match the after-hours price. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. The closing prices are compared day-by-day to look for trends and can measure market sentiment for any security over the course of a trading day. Source: Friday Session Wrap for Albemarle Corporation (NYSE:ALB) – Engelwood Daily
Zadar Ventures, a Vancouver-based resource company focused on lithium and uranium, has initiated due diligence on its Ravensthorpe lithium project in Western Australia. Earlier this month Zadar entered into a binding Memorandum of Understanding with Australian company Macarthur Minerals Limited through which Zadar will initially earn into 51 per cent of the Ravensthorpe lithium acreage by spending C$2 million within two years from the grant of the Ravensthorpe exploration licences. Source: BC Mining Company Commences Due Diligence on Australian Lithium Project | Asia Pacific Foundation of Canada
The WNB Project is located within the Railroad Valley, approximately 94 miles (151 kilometers) northeast of Tonopah, in Nye County, Nevada. The project can be accessed directly from U.S. Route 6. The Railroad Valley is one of Nevada’s largest trapped basins and is noted to hold all the necessary prerequisites for a massive Lithium Brine deposit. The presence of Lithium in the valley was confirmed by the U.S. Geologic Surveys’ sediment sampling and Oroplata believes the WNB has the potential to host economic lithium-bearing brines in extensive subterranean aquifers beneath the valley floor. Historic and modern oil exploration and development data obtained by Oroplata indicate that favorable geologic formations and brines are present that appear to be very similar to the lithium brine deposit model of the Clayton Valley. Source: Oroplata expands Land Position at the Western Nevada Basin Project – ForexTV
FMC Corp (NYSE:FMC) had declared a cash dividend of $0.1650 on Jul 20, 2016. The shares will quote ex-dividend on Sep 28, 2016 and the record date has been fixed for Sep 30, 2016. On Jul 20, 2016 share price, the yield comes out to be 1.3558%. The dividend payable date has been fixed on Oct 20, 2016… Source: FMC Corp(NYSE:FMC) Declares Dividend of $0.1650. – Trade Calls
Rare Earth Minerals plc’s (LON:REM; OTC:REMMY) associate Macarthur Minerals has reported due diligence work has started on a possible farm-in to its Ravensthorpe lithium project in Western Australia. REM owns 15.5% of MacArthur and the company potentially farming in is Canadian.Rare Earth also owns 16.4% of European Metals Holdings Limited (LON:EMH). Its quarterly update reported successful completion of drill programme at the Cinovec lithium/tin project and the start of a second stage drill programme to target higher grade lithium zones. Since the start of 2016, both Bacanora Minerals (LON:BCN) and EMH, REM’s most significant investments, have seen large increases in share price due to the excitement in lithium, it added. Its own shares rose 9% today to 0.7p. Source: Rare Earth Minerals PLC says due diligence underway at associate Macathur’s property
Albemarle Corporation (NYSE:ALB) increased 0.34% to reach at the trading price of $85.11 as it is set to share its next quarterly earnings on August 03, 2016. ALB stock trades between $84.25 and $86.14 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $1.01/share with $859.94M in revenue… Source: Albemarle Corporation (NYSE:ALB) Near to Lift Curtain on June 2016 Earnings – Voice Registrar
Vancouver, BC / TheNewswire / July 29, 2016 – Durango Resources Inc. (TSX.V-DGO), (the “Company” or “Durango”) is pleased to announce that recent drilling by Nemaska Lithium Corp. (TSX-NMX) (“Nemaska”) confirms that Nemaska’s Whabouchi lithium deposit extends to the east toward Durango’s property which is contiguous to the Whabouchi property. Nemaska’s news release from July 28, 2016 stated “The drilling thus far has confirmed the continuity of the dikes down to 200 metres from surface in the eastern part of the deposit and spodumene-bearing pegmatite dikes were observed in all holes…[and]…confirms that there are additional dikes on the Whabouchi property.” Source: Junior Mining Network – Durango To Commence Nemaska-Area Work Program
The stock of Nemaska Lithium Inc (CVE:NMX) is a huge mover today! The stock closed at $1.24 during the last session. It is down 167.50% since December 21, 2015 and is uptrending. It has outperformed by 160.30% the S&P500. The move comes after 6 months positive chart setup for the $305.06M company. It was reported on Jul, 29 by Barchart.com. We have $2.03 PT which if reached, will make CVE:NMX worth $195.24 million more. Nemaska Lithium Inc. is a Canada-based company, which is engaged in the exploration and development of hard rock lithium mining properties and related processing of spodumene into lithium compounds. The company has a market cap of $305.06 million. The Firm owns two mining properties, which include Whabouchi and Sirmac in the Eeyou Istchee/James Bay territory in the province of Quebec. It currently has negative earnings. The Whabouchi Property is composed of one block totaling 33 claims covering an area of approximately 1,761.9 hectares, which has lithium found in the spodumene. Source: Can Nemaska Lithium Inc’s Tomorrow Be Different? The Stock Increases Again – Consumer Eagle
Sayona Mining Limited (ASX:SYA) (“Sayona” or the “Company”) is pleased to announce activities for the quarter including advancement of technical and legal due diligence on the Authier lithium project in Canada, completion of a maiden drilling program at the Itabela in Brazil, and the first results of reconnaissance exploration work in Western Australia… Source: Sayona Mining Limited (ASX:SYA) Quarterly Activities Report for June 2016
A Canadian lithium company has commenced due diligence for its farm-into Macarthur Minerals (TSXV:MMS) lithium acreage at Ravensthorpe, Western Australia. Under the terms of the farm-in, the Canadian company is required to expend a minimum of A$2 million to earn a 51% interest in the lithium acreage at Ravensthorpe. The farm-in only relates to five percent (91 km 2 ) of Macarthur Minerals’ total Western Australia lithium acreage of 1,678 square kilometres. David Taplin, President, CEO and Director of Macarthur commented: “Macarthur Minerals is excited that the Canadian lithium company has commenced its due diligence for its farm-into Macarthur’s Ravensthorpe acreage. Macarthur’s acreage is in the vicinity of a recent lithium mineralisation discovery by another Australian lithium company for which pegmatite samples included assays up to 4.1% Li 2 O.” … Source: Macarthur Minerals Finds Potential Farmee for Ravensthorpe – Investing News Network