After months of misery, shareholders of publicly traded lithium mining companies reported billions of dollars in profits on Wednesday. In morning trade, share prices of WA spodumene concentrate producers rose sharply – Mineral Resources up 17.2 percent, Pilbara Minerals up 12.7 percent, IGO up 12.3 percent and Liontown Resources up 11.5 percent – after suffering … Read more
Global Lithium Resources will fire directors, cut its chief executive's salary and put its flagship exploration project on hold as prices for the battery metal stagnate following an attempted board ouster.
Ron Mitchell, chief executive of Global Lithium Resources, says he does not know why a South Perth property development company sought to remove two directors from the board. Shareholder Sincerity Development confronted the market participant with the request to convene a shareholders' meeting to remove the independent non-executive directors Greg Lilleyman and Hayley Lawrance from … Read more
ASX-listed Lithium Universe has partnered with traditional landowners at the site near Quebec City, Canada, where the company plans to build its Bécancour lithium refinery.
According to Chariot Corporation, pegmatites in their Black Mountain project in the USA have medium to high fertility as potential lithium carriers based on an analysis of rubidium content in potassium feldspar crystals.
Despite an improvement in annual profit of 11.7 percent to 1.19 billion dollars, the environment remains difficult, according to the insurer.
Phase one of Galan Lithium's Hombre Muerto West project in Argentina is nearly complete, with 3,200 tonnes of lithium carbonate equivalent now in stock awaiting final offtake and financing agreements.
In this week's edition of Bulls N' Bears Big Hits, we examine some of the notable drill intersections released on the ASX, including Wildcat Resources' 67m Tabba Tabba run grading 1.9 per cent lithium oxide.
Arcadium Lithium's Mt. Cattlin mine in Ravensthorpe is in a “good position to weather the price crisis” and will remain open “for the foreseeable future,” the company's Australian head said. Australia operations manager Liam Franklyn told The West Australian on Friday there had been “no real change” in the global lithium giant's assessment of its … Read more
Stream sediment samples collected by Gold Mountain from its Solonópole area in the Borborema Province of Brazil returned a peak value of 173 ppm lithium, indicating that the project may have significant lithium potential.