Lithium Australia has completed the acquisition of Lithophile. It will provide Lithium Australia the ownership rights to three lithium prospects within the Gascoyne Complex located 750km north of Perth, Australia. The transaction involved a payment of A$0.06m ($0.04) in cash by Lithium Australia to Lithophile. It also comprises issuance of 500,000 fully paid ordinary shares to Lithophile, and an additional 500,000 partly paid ordinary shares priced at A$0.25 ($0.18) a share to the recipient’s vendors… Source: M&As this week: Sentula Mining, Lithium Australia – Mining Technology
July 29, 2016 — Pacific North West Capital Corp. (TSXV: PFN | OTCQB: PAWEF | Frankfurt: PJ7) is a mineral exploration company focused on the discovery, exploration and development of one of Canada’s largest primary platinum group metals (PGM) deposits, … Continue reading → Source: Pacific North West Capital builds green profile on lithium and platinum metals
JOHANNESBURG (miningweekly.com) – Emerging strategic metals company Pilbara Minerals is closing in on the feasibility study for its lithium project after delivering a major resource upgrade, the first binding offtake agreement and key downstream processing agreements during the June quarter. The company reported on Friday that the definitive feasibility study on the Pilgangoora lithium/tantalum project was in its final stages, with all work streams progressing on schedule for the final study to be published in the coming month… Source: Pilgangoora DFS to be published soon
Hinterland Metals Inc. (TSXV: HMI) is a mineral exploration company focused on the Abitibi Greenstone Belt in Quebec. The Abitibi is Canada’s most prolific mining region both in terms of historic and current mineral production. Over one hundred mines have … Continue reading → Source: Hinterland Metals to add lithium to the Abitibi Greenstone Belt output
FMC Corp. (NYSE:FMC) decreased -1.19% to reach at the trading price of $48.22 as it is set to share its next quarterly earnings on August 02, 2016. FMC stock trades between $47.75 and $49.01 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 $0.68/share with $895.24M in revenue… Source: The Statistics Don’t Lie: FMC Corp. (NYSE:FMC) Earnings Preview – Voice Registrar
The stock of Bacanora Minerals Ltd (CVE:BCN) is a huge mover today! The stock increased 6.57% or $0.09 on July 28, hitting $1.46. About 99,324 shares traded hands or 236.24% up from the average. Bacanora Minerals Ltd (CVE:BCN) has risen 6.00% since June 29, 2016 and is uptrending. It has underperformed by 1.20% the S&P500. The move comes after 8 months positive chart setup for the $148.81 million company. It was reported on Jul, 29 by Barchart.com. We have $3.34 PT which if reached, will make CVE:BCN worth $191.96 million more. Bacanora Minerals Ltd. is a Canada mineral exploration company. The company has a market cap of $148.81 million. The Firm is engaged in the exploration and development of industrial minerals in Mexico with a focus on Borates and Lithium. It currently has negative earnings. The Company’s operating projects include two prospects namely a Lithium project in the Sierra Madre Occidental and a Colemanite Borate project in Magdalena de Kino… Source: What’s Propelling Bacanora Minerals Ltd to Increase So Much? | Press Telegraph
Vancouver, British Columbia (FSCwire) – ALIX RESOURCES CORP. (“Alix” or the “Company”) (AIX-TSX:V) (37N–FRANKFURT) International Lithium Property – Mineralization consists of spodumene-rich sub-horizontal, irregular dikes located in Figuery township (NTS 32D08). Surface samples were collected and returned an average of 2.41 % Li2O with above-limit tantalum concentrations (>100 ppm) as well. Historic drilling carried out by International Lithium Corp. in the 1950s, delineated a 3.7-metre-thick, 119 by 104 m area providing a historical resource estimate of 135,000 t at 0.95 wt. % lithium oxide (Li2O) (source: RP 446; MERQ). Duval Lithium Property – Situated in the La Motte township (NTS 32D8), the Duval property mineralization is contained within two granitic pegmatite dikes (182 to 259 m long by two to three m- thick), rich in spodumene (Li) with accessory tantalite (Ta) and Beryl (Be). Collected surface samples averaged 0.43 wt. % Li2O with values ranging from 0.02 wt. % to 0.82 wt. % Li2O. The Duval property area has a historical resource estimates were 75,000 t at 1.45 wt. % Li2O (source: RG160; MERQ). La Motte Lithium Property – Geological reports on the property located in the La Corne township (NTS 32D08), indicate granitic pegmatites dikes, 0.60 to 1.20 m…
Do you feel like you’ve missed the lithium bull market? Not by a long shot. Here are three recently listed companies with their sights set on lithium production from a variety of sources… Source: Money still pouring into junior lithium explorers | Financial Post
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
The stock of Mineral Resources Limited (ASX:MIN) hit a new 52-week high and has $15.27 target or 51.00% above today’s $10.11 share price. The 6 months bullish chart indicates low risk for the $1.89 billion company. The 1-year high was reported on Jul, 28 by Barchart.com. If the $15.27 price target is reached, the company will be worth $963.90M more. The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 925,063 shares traded hands. Mineral Resources Limited (ASX:MIN) has risen 132.45% since December 30, 2015 and is uptrending. It has outperformed by 125.25% the S&P500. Mineral Resources Limited is an Australia firm engaged in the integrated supply of goods and services to the resources sector. The company has a market cap of $1.89 billion. The Firm operates through three divisions: Mining Services and Processing, Mining, and Central. It has a 20.73 P/E ratio. The Firm has activities in build, own and operate crushing, screening, processing and materials handling, general mine infrastructure, bulk iron ore and manganese commodities…
Australia-based renewables firm Windlab and Japan’s Eurus energy have received development approval for a hybrid project comprising 20MW solar, 30MW wind and a 2MW lithium-ion battery storage system in Queensland, Australia. Construction of the AU$120 million (US$89.8 million) Kennedy Energy Park, located 20 kilometres south east of Hughenden, near the Flinders Highway, will begin in early 2017. It will include 200,000 solar panels on single-axis trackers and 9-12 wind turbines. More than 50 direct and indirect jobs will be created as well as multiple jobs during construction… Source: Major solar, wind and storage hybrid project approved in Australia | Energy Storage News
VANCOUVER, July 28, 2016 /CNW/ – Lithium X Energy Corp. (“Lithium X”, or the “Company”) (TSX-V: LIX) (OTCQB: LIXXF) is pleased to announce it has mobilized a drill rig to commence the Phase 1 exploration program at its Clayton Valley North Lithium Project (the “Project”) in Nevada. Clayton Valley is home to Albemarle’s Silver Peak mine, the only lithium production facility in North America. Lithium X controls the largest land position in Clayton Valley, located approximately 200 miles from Tesla’s Gigafactory. The first drill hole is approximately 100 metres north of the claim boundary where Albemarle’s northernmost production-sized well is located. “I am thrilled to commence exploration drilling in Clayton Valley, where the vision for Lithium X was born less than a year ago,” said Brian Paes-Braga, founder and Chief Executive Officer of Lithium X. “Testing the exploration potential in Nevada complements the ongoing development work at our flagship Sal de los Angeles deposit in Argentina.” … Source: Junior Mining Network – Lithium X Energy to Commence Drilling at Clayton Valley North, Nevada
SYDNEY — Australia lithium miners are in prime position to benefit from a price surge for the soft light metal this year, as industrial users in China, Japan and South Korea rush to shore up their supply chains for vital materials to make electric vehicle batteries, home energy storage systems and consumer electronic devices such as smartphones. Benchmark “battery grade” lithium carbonate that was selling for $5,000 to $6,000 a metric ton nine months ago reached $8,500 in June, and Australian producers expect prices to reach as high as $10,000 later this year. Lithium is sourced either from lithium-bearing minerals such as spodumene — known as hard-rock mining — or from brine deposits via evaporation. After concentrating and processing into lithium carbonate or lithium hydroxide, various lithium chemicals are produced for use in batteries, ceramics, glass, lubricating greases, thermoplastics and pharmaceuticals… Source: Australian lithium miners in pole position as price nears sweet spot- Nikkei Asian Review
An initial exploration programme is expected to take 8-10 weeks and comprise mapping, surface rock chip and channel sampling that will target pegmatites with known lithium minerals. Finland is one of the most prospective countries on mainland Europe for potential lithium discoveries, while both deposits are close to potential customers, including battery producers, Savannah said. David Archer, chief executive, added: “We’re pleased to be on the ground and evaluating these two interesting lithium projects that cover a series of documented, outcropping, lithium-bearing pegmatites in Finland, which is one of the world’s premier resources jurisdictions. Archer aims to have generated drill targets by the end of the year from the current exploration programme. He added that lithium sourced locally will be crucial to support industrial-scale battery arrays for national grids and lithium-ion batteries for electric vehicles manufactured in Europe. Source: Savannah Resources PLC gets underway with lithium exploration in Finland
TORONTO, July 27, 2016 /CNW/ – Pat Di Capo, CEO, PowerOne Capital Markets Limited, Waldo Perez, President & CEO, and Constantine Karayannopoulos, Chairman, Neo Lithium Corp. (NLC), joined Eric Loree, Team Manager, Listed Issuer Services, TSX Venture Exchange to open the market. Neo Lithium holds mineral and surface rights over a lithium salar and brine reservoir complex in Catamarca Province, Argentina. Neo Lithium Corp. commenced trading on TSX Venture Exchange on July 20, 2016. For more information, please visit www.neolithium.ca. SOURCE TMX Group Limited… Source: Neo Lithium Corp. Opens the Market
VANCOUVER, BC / ACCESSWIRE / July 28, 2016 / International Lithium Corp. (TSXV: ILC) (the “Company” or “ILC”) is pleased to announce that strategic partner Pioneer Resources Limited (“Pioneer”) (ASX: PIO) is planning $1 million in exploration expenditures in 2016 on the Mavis and Raleigh lithium pegmatite projects east of Dryden, Ontario, Canada. “This brings the total amount budgeted for exploration to CAD$17 million across the Company’s projects in Canada, Argentina and Ireland, making International Lithium Corp. one of the most active exploration companies in the lithium sector. This speaks volumes for the quality as well as the potential of the Company’s projects,” states Kirill Klip, President, International Lithium Corp.” Mavis and Raleigh Exploration Programs The $1 million budget will be allocated fairly evenly across the Mavis and Raleigh lithium pegmatite projects (“Projects”). The exploration programs will include litho-geochemical sampling, ground and airborne geophysics and 3,000m of diamond drilling with 1,500m planned at each of the Projects in autumn 2016… Source: International Lithium Corp. and Pioneer Resources Plan $1 Million Exploration Budget at the Mavis and Raleigh Lithium Pegmatite Projects, Ontario, Canada
VANCOUVER, BC–(Marketwired – July 28, 2016) – Zadar Ventures Ltd. (TSX VENTURE: ZAD) (ZAV.F) (ZADDF) (the “Company”) is pleased to announce that it has initiated due diligence on the previously announced MOU with Macarthur Minerals Limited, (See Company News Release dated July 12, 2016) on the Ravensthorpe Lithium Project, in the Ravensthorpe region of South Western Australia. RAVENSTHORPE LITHIUM PROJECT ACREAGE The Ravensthorpe acreage comprises of two exploration license applications E74/587 and E74/588, which together cover an area of 91 square kilometers…. Source: Zadar Commences Due Diligence on Ravensthorpe Lithium Project in South Western Austrailia
QUEBEC CITY, QUEBEC–(Marketwired – Jul 28, 2016) – Nemaska Lithium Inc. (“Nemaska Lithium” or the “Corporation”) (TSX:NMX)(NMKEF) is pleased to provide an update on the previously announced definition drilling campaign for its Whabouchi lithium project (44 drill holes over 13,700 m). The drilling is progressing at a faster than expected rate, and to date Nemaska Lithium has drilled 22 holes totalling 5,935 metres. The drill hole are oriented towards N300° with a dip ranging from 45° to 65°. The drilling thus far has confirmed the continuity of the dykes down to 200 metres from surface in the eastern part of the deposit and spodumene bearing pegmatite dykes were observed in all holes. Drilling is now expected to be completed by the end of August with initial drill results out by September 2016… Source: Nemaska Lithium Drilling Program at Whabouchi Lithium Project Progressing Well
Birimian Ltd (ASX:BGS) has moved on to diamond drilling at the Bougouni Lithium Project in Southern Mali, following the recent high grade results from reverse circulation drilling. Last week, the company reported assay results confirming broad zones of lithium, including 50 metres at 1.62 % Li2O from 11 metres which contained 18 metres at 2.10 % Li2O. The ongoing diamond drilling is expected to confirm geological continuity adjacent to the recent RC drill holes, with wide zones of lithium-bearing pegmatite confirmed to depth. Notably, geological and mineralogical observations from the drill cores exhibits simple mineralogy and low mica content, pointing towards low-cost, industry-standard processing methods. The future mining of the deposit could have low strip ratios and be amenable to bulk open pit mining. Geological logging has confirmed spodumene (lithium) bearing pegmatite over the 700 metre long surface expression of the Goulamina Main Zone. This first phase RC and diamond drilling program will provide the necessary geological and grade data to, if appropriate, estimate an initial JORC compliant resource at Goulamina. So far, lithium has been one of the hottest metals of 2016, with exponential demand expected over the coming years. ‘Birimian Gold Ltd’ changed its name to ‘Birimian Ltd’…
Sony is planning to sell its battery division to Murata, a Japanese firm that makes a diverse variety of products like wireless components and robots. Sony started the battery business in 1975 and was the first company to commercialize lithium-ion batteries back in 1991. The electronics giant has been selling off core businesses and assets in an effort to return to profitability — it recently unloaded its VAIO PC division, New York and Tokyo Headquarters, and Sony Online Entertainment game division. It als… Source: Lithium-ion pioneer Sony is selling its battery arm
Metalicity Ltd (ASX:MCT) has been granted a trading halt by the ASX pending an update on the results of the Admiral Bay Scoping Study, which was released in the pre-open this morning.The study confirmed Admiral Bay has the potential to support a large, long life and low cost zinc/lead/silver operationAdmiral Bay is located in the Kimberley region of Western Australia.The halt will remain in place until the opening of trade on Monday 1st August 2016, or earlier if an announcement is made to the market… Source: Metalicity Ltd to update on Admiral Bay Scoping Study – Proactiveinvestors (AU)
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 27, 2016) – Unity Energy Corp. (TSX VENTURE:UTY)(FRANKFURT:UJN2) (“Unity” or the “Company“) is pleased to announce that it has received chemical analysis from its first pass drilling and sampling program on its 100% owned Miller’s Crossing Lithium Project in Esmeralda County, Nevada. The drilling was intended to follow up on positive surface sampling, which was carried out in April 2016 and confirmed presence of lithium in alluvial gravels and clays. A total of 7 holes were completed, generating 22 intersections of interest. All holes encountered brown clays as well as silty brown sands and grey fine to coarse-grained sand. In addition, two water samples were collected where the water table was encountered within the drill-hole as well as two anomalous salt samples at surface. Source: Unity Identifies Lithium Through Short-Hole Drilling at Miller’s Crossing Lithium Project, Nevada – Investing News Network
Pioneer Resources Ltd (ASX:PIO) continues to advance plans for its lithium exploration strategy at speed, with the company now outlining details for an extensive drilling program at the wholly-owned Pioneer Dome Project. The project is located in an infrastructure rich region of Western Australia, being mid-way between Kalgoorlie and the Port of Esperance, and 75 kilometres south of the Mt Marion Lithium Mine. The reverse circulation drilling program will cover 5000 metres. Adding to the prospectivity, geochemistry confirms a 14 kilometre long, lithium-prospective Pegmatite Corridor, covering 13 mapped pegmatite clusters, along the eastern Pioneer Dome. Half of the Pegmatite Corridor has been soil sampled. Three priority lithium anomalies are evident to date, at PEG001, PEG002 and PEG008, which are drill ready… Source: Pioneer Resources Ltd prepares to drill lithium-prospective Pegmatite Corridor – Proactiveinvestors (AU)
Wall Street brokerages following Albemarle Corporation (NYSE:ALB) have released a mean price target of $77.181 on its stock. After completing a methodical study, they have specified the target price range. The extreme high range is put at $102 while the lowest price is $50. It is the average price released following the Zacks poll. Source: Can Albemarle Corporation (NYSE:ALB) Hit $102?
Pilbara Minerals has firmly established its position at the forefront of the global lithium boom. The Company is developing the world-class Pilgangoora Lithium-Tantalum Project in Western Australia, which is widely regarded as the world’s leading lithium development project. Pilgangoora offers the grade, scale and quality to underpin a low-cost, long-life mining operation with outstanding technical and financial attributes. Source: Why invest in Pilbara Minerals? | Pilbara Minerals
VANCOUVER, BRITISH COLUMBIA–(Marketwired – July 27, 2016) – Rainmaker Resources Ltd. (TSX VENTURE:RIR) (“Rainmaker”) is pleased to announce a substantial increase to its land holdings at its Sarcobatus Flats, NV lithium property. The staking of an additional 186 placer claims, expanding the total land holdings to 234 claims (4680 acres, 1967 ha), represents a nearly five-fold increase.”We have added this land as a result of our belief in the quality of the property,” Chris M. Healey, P. Geo, President and CEO of Rainmaker reported. “The expanded land holdings will give us a much more competitive position in the lithium space. We will now be able to design effective geological, geochemical, and geophysical surveying programs to advance the project.” Source: Rainmaker Reports Major Expansion of Its Sarcobatus Flats, Nevada, Lithium Project
A growing demand for electric cars means there’s an increased need for lithium, which is one of the key components in batteries in electric vehicles. Phil LeBeau reports. Source: Growing demand for lithium | Nightly Business Report
A growing demand for electric cars means there’s an increased need for lithium, which is one of the key components in batteries in electric vehicles. Phil LeBeau reports. Source: Growing demand for lithium | Nightly Business Report
The lithium market received a boost after FMC said it planned to double its output of battery raw material lithium next year, in a sign the largest producers are increasing supply to meet demand from electric carmakers. The Philadelphia-based chemical company, one of the world’s four largest producers of lithium, said it would accelerate expansion of lithium hydroxide as a result of a “new multiyear supply agreement with a major manufacturer of electric vehicles”. “We partner closely with leading manufacturers of lithium ion batteries and electric vehicles to ensure our production meets their current and future demand,” said Tom Schneberger, vice-president and global business director at FMC Lithium. Source: FMC contract underlines rising battery demand for Lithium — FT.com
RENO, NEVADA–(Marketwired – June 1, 2016) – Oroplata Resources, Inc., (OTCBB:ORRP) is extremely pleased to announce that it has entered into a binding purchase agreement (the “Agreement”) to acquire the Western Nevada Basin project (“WNB”), in Southwest Nevada. The WNB Project covers the south central portion of an area that was first identified as Lithium rich by the USGS (United States Geological Survey). The Project includes 500 mining claims covering approximately 10,000 acres, the company has an option to acquire another 600 mining claims, approximately 12,000 acres. Oroplata will acquire a 100% interest in the WNB project. The vendors of the project will retain a royalty equal to 2% of the gross value of mineral products recovered from commercial production, which may be reduced to 1% with a single payment of $1,000,000 (one million U.S. Dollars) at any time prior to production.Lithium Brine projects have a number of significant advantages over conventional hard rock Lithium mining projects; they are cheaper to explore compared to the alternatives; they are quicker in proving up a resource and reserves; they are faster and much less capital intensive to put into production. Lithium brine production also has a much smaller environmental footprint and produces…
“I am extremely pleased that Mr. Pelosi has now joined the Oroplata team as a Senior Advisor,” stated CEO Craig Alford. “This is an unparalleled time in the growth of lithium portable power and the electric vehicle global marketplace. We strongly believe Mr. Pelosi will provide our team with invaluable insight into the regulatory and environmental landscape for the industry, and we look forward to working with him as we focus on developing a reliable source of clean energy through the fast growing lithium Source: Paul Pelosi, Jr. Enlisted to Promote Domestic Energy Source: Lithium by Oroplata Resources OTCBB:ORRP
ZURICH, SWITZERLAND / ACCESSWIRE / July 27, 2016 / Today, Stephan Bogner from Rockstone Research published an initiating coverage on Equitorial Exploration Corp. (EXX.V) as the company has announced the acquisition of the Little Nahanni Pegmatite Group (LNPG) Lithium Project from Strategic Metals Ltd. yesterday.This property hosts the rare but highly prolific pegmatite-type LCT (Lithium-Cesium-Tantalum), which the world’s largest active lithium mine, Greenbushes in Australia, is also hosting (at an average grade of 2.8% Li2O). LNPG’s best rock samples from spodumene-bearing pegmatites assayed between 1.74% and 3.77% Li2O. Channel samples returned up to 1.59% Li2O across 10 m. Drilling in 2007 resulted in 2 significant lithium-enriched intervals including 1.2% Li2O over almost 11 m and 0.92% Li2O over 18 m. Hence, this property is already somewhat advanced with significant lithium grades demonstrated at surface with sampling and at depth with drilling. Source: Major Lithium Acquisition for Equitorial Exploration
Kidman Resources has partnered with Poseidon Nickel aimed at enabling Kidman to use Poseidons 1.5Mtpa Lake Johnston concentrator to process lithium ore from the Mt Holland project in WA.The plant would enable Kidman to upgrade lithium ore into marketable concentrate to explore opportunities to either toll treat Mt Holland lithium or for a conventional off take deal.Kidmans Mt Holland project comprises numerous granted mining leases and the Earl Grey, Prince of Wales and Bounty pegmatites are all located within these mining leases. Kidman has submitted a program of works to the WA Department of Mines for the planned drilling program at Earl Grey. Source: Kidman secures lithium processing deals
Poseidon Nickel Ltd (ASX:POS) has plans to use its existing plant and infrastructure to become the first hard rock lithium producer in the Lake Johnston region of Western Australia.The company has entered into an agreement with Kidman Resources Ltd (ASX:KDR) to process Kidman’s Mt Holland lithium ore at Poseidon’s Lake Johnston nickel plant.This envisages processing lithium hosted spodumene pegmatites from Mt Holland and a step towards creating Lake Johnston as the central lithium processing hub.Kidman will define a maiden lithium resource estimation and will fast track testwork on Mt Holland composite samples.The preliminary engineering design for processing lithium pegmatites at the 1.5 million tonnes per annum concentrator is being undertaken to support the co-processing of both nickel and lithium ores… Source: Poseidon Nickel Ltd aims for lithium processing hub at Lake Johnston – Proactiveinvestors (AU)
JOHANNESBURG (miningweekly.com) – TSX-listed lithium project developer Advantage Lithium on Monday reported that its exploration partner Nevada Sunrise Gold Corp had received drill permits for three lithium brine projects in Nevada.The Jackson Wash, Clayton NE and Gemini Lithium projects are three of five projects included in the letter of intent earn-in agreement that Advantage recently signed with Nevada Sunrise. Source: Advantage, Nevada Sunrise to drill for lithium
The drop off in the spot price of lithium in China can be seen in lithium hydroxide export figures for June, though lithium carbonate retained its upward trajectory during the month, according to trade statistics recently released by the Chinese government.China exported 88 tonnes of lithium carbonate in June, down from 102 tonnes in May, while lithium hydroxide exports rose to 1,184 tonnes from 824 tonnes in May, according to customs data.The average value per tonne of lithium carbonate exported rose by 13% to $28,863 or $28.86/kg in June from $25.58/kg… Source: Lithium export data shows China hydroxide price dip in June | Industrial Minerals
Argonaut Resources NL (ASX:ARE) has received initial results from drilling at the Falcon Lake West lithium deposit, which is part of the Crescent Lake project in Ontario, Canada.Assays from the first batch of samples feature an intercept of 21.7 metres at 1.09% lithium from 48 metres including 7.9 metres at 1.31% lithium.These initial laboratory results confirm the deposit’s lithium grades indicated by historical drill results.Further results will be reported within two weeks.Preparations are underway for follow-up exploration in the Crescent Lake area… Source: Argonaut Resources NL finds lithium in first drill hole at Crescent Lake – Proactiveinvestors (AU)
Peter Secker, chief executive of Bacanora Minerals Ltd’s (LON:BCN, CVE:BCN) says the market for lithium could double over the next decade, in tandem with the rise of renewable energy.Lithium batteries store energy from renewable energy sources, such as solar and wind, and Secker says “lithium is becoming more and more an everyday commodity and significant consumption increases over the next decade are going to see demand growth from about 180,000 tonnes a year that it is currently to anywhere north of 350,000 tonnes a year.”He adds that there is “very limited new supply coming into the market”.Bacanora is currently developing the Sonora lithium deposit in Mexico with the feasibility study scheduled to be delivered in in the first quarter of 2017. Source: Bacanora Minerals Ltd CEO: Lithium becoming an everyday commodity
Bacanora Minerals Limited (LON:BCN, CVE:BCN) said Colin Orr-Ewing is stepping down as non-exec chairman due to personal reasons and director James Leahy will replace him on an interim basis.Orr-Ewing will remain on the board as a director.Orr-Ewing is a founder of Bacanora and has been chairman for two years.”The board would like to express its strong appreciation and thanks for all his efforts on behalf of Bacanora during his chairmanship and looks forward to continue working with him in his capacity as non-executive director,” the group said in a brief statement.Earlier this month, the group hailed progress at its Sonora lithium project in Mexico as the company advances towards a definitive feasibility study (DFS). Source: Bacanora Minerals Limited chairman stepping down
Perth Western Australia, 27 July 2016: Pioneer Resources Limited (“Company” or “Pioneer”) (ASX: PIO) is pleased to provide an exploration update for its 100%-held Pioneer Dome Project, located mid-way between Kalgoorlie and the Port of Esperance, and 75km south of the Mt Marion Lithium Mine, in Western Australia. Source: Microsoft Word – pioASX Announcement -Pioneer DomeUpdateFINAL.docx – pio2016072701.pdf
Vancouver, British Columbia–(Newsfile Corp. – July 26, 2016) – International Lithium Corp. (TSXV: ILC) (the “Company” or “ILC”) is pleased to announce that strategic partner Pioneer Resources Limited (“Pioneer”) (ASX: PIO) has completed their due diligence and formally entered into an Option Agreement to advance through exploration the Company’s Raleigh lithium pegmatite project in Ontario, Canada (“Project”). In addition, the companies have increased the size of the project to 809 hectares (2,000 acres) through staking. Source: International Lithium Corp. and Pioneer Resources Discover Lost Pegmatite, Increase Claim Area by 80% and Execute Option Agreement at the Raleigh Lithium Pegmatite Project, Ontario, Canada
The lithium producer intends to speed up a previously announced expansion of its hydroxide capacity to supply an unnamed “major” EV maker. It now aims to have a capacity of 18,000 tpa by the end of next year.Lithium major FMC Corp. will expedite efforts to increase its production of lithium hydroxide, following the signing of a multi-year supply agreement with a “major” manufacturer of electric vehicles (EVs).The company, which currently has a capacity of 10,000 tpa lithium hydroxide,… Source: FMC strikes supply deal; accelerates expansion plans | Industrial Minerals
Further to the Company’s announcement on 11 July 2016, Ardiden Limited (ASX:ADV) is pleased to advise that the Company has successfully acquired the Root Lake Lithium Project from Landore Resources Canada Inc. (“Landore”). Ardiden has met the final payment of cash and issued the required Ardiden shares to Landore as per the terms of the option agreement. The Company also issued 500,000 ordinary shares to a consultant of the Company for services rendered in relation to the acquisition of the Root Lake Lithium Project. The Appendix 3B for this acquisition is attached (see link below). The Company looks forward to providing further exploration updates as they come… Source: Ardiden Ltd (ASX:ADV) Completes Acquisition of the Root Lake Lithium Project – ABN Newswire (@ABN_Newswire)
Dark Horse Resources Ltd’s (ASX:DHR) share price has jumped out of the starting gate today, with an agreement to acquire prospective lithium bearing pegmatite fields in the San Luis and Córdoba provinces of Argentina.Dark Horse will pay a total of US$900,000 and issue 100 million shares over 3 years to Oronegro SA, which holds 36,700 hectares of exploration license applications in San Luis and Córdoba.The San Luis and Cordoba lithium bearing pegmatite fields belong to the Pampean pegmatite province, which includes the granitic pegmatites of central and northwestern Argentina.It contains more than 95% of the granitic pegmatites of the country, with mineral resources that have been mined during the past 80 years, producing feldspar, quartz, mica and other metals.Additionally, Oronegro has entered into an agreement to purchase the Las Cuevas Mine, one of the largest historical beryllium, lithium and tantalum mines of Argentina. Source: Dark Horse Resources Ltd gallops on lithium acquisition in Argentina – Proactiveinvestors (AU)
Ultra Lithium Inc. (TSX VENTURE:ULI) (“Ultra Lithium” or “the Company”) is pleased to announce assay results from recently concluded prospecting and sampling program at its 100% owned Georgia Lake Lithium Project located in the Thunder Bay Mining District, Northwestern Ontario, Canada. The results confirmed the presence of up to 2.73 % lithium oxide (Li2O) in grab surface samples in lithium pegmatites on the property. Source: Ultra Lithium Samples Up to 2.73% Lithium Oxide at the Georgia Lake Hard Rock Lithium Project in Thunder Bay, Northwestern Ontario, Canada – Investing News Network
Avalon Minerals Ltd (ASX:AVI) have contracted a drilling company to drill out the Kietyönmäki Lithium Project in Finland.The drill program, scheduled for the second half of August will follow up prior shallow drilling which intersected grades of up to 4.35% lithium.17 holes for 3,000 metres will be drilled testing a strike extent of up to 400 metres and depth extent of 250 metres.Drilling is aimed at enabling the estimation of a maiden Mineral Resource prior to the end of 2016.Assays are expected to start being received from late September… Source: Avalon Minerals Ltd to drill high grade lithium project in Finland – Proactiveinvestors (AU)
Lithium Australia made its first foray into Queenslands potential lithium exploration and development sector with the lodgment of applications for ground prospective for lithium on Cape York.The applications are the result of an enlarged strategy by Lithium to now look Australia-wide to add to its strong domestic lithium holdings throughout WA and the NT.This national focus recently identified a very prospective geological environment in far north Queensland, leading to the application for exploration permits covering most of the available vacant ground… Source: Lithium Australia in maiden moves into Qld
Although the 2016 lithium boom has gone somewhat less detected than the infant formula boom did in 2015, the returns have been nothing short of spectacular.Investors in the sector have recognised enormous gains since the beginning of the year thanks to lithium’s soaring price. Notably, lithium is used in batteries and renewable energy and demand is thus expected to continue to rise as electric cars become more prevalent in society, and as battery packs from companies such as Tesla start to power more homes around the world… Source: Does the 2016 Lithium Boom Have More Battery Power? | Motley Fool Australia
JOHANNESBURG (miningweekly.com) – Lithium miner Galaxy Resources has extended the takeover offer period for its joint venture (JV) partner General Mining to August 5.Since the offer opened on June 28, Galaxy has received acceptances for 72.4% of the fully paid ordinary shares in General Mining, giving it a total interest of 74.3% in General Mining. Source: Galaxy extends General Mining takeover
New technology in lithium from ore will affect lithium supply.A few companies are uniquely positioned to take advantage of the technologies.Lithium supply incumbents may largely be left behind.Summary Source: Mining Technology Trends Reveal Investment Opportunities In The Electric Vehicle Market – Global X Lithium ETF (NYSEARCA:LIT) | Seeking Alpha