Tanzania-focused graphite project developer Evolution Energy Minerals has today completed a listing on the ASX in an oversubscribed A$22 million initial public offering (IPO). The company had a market capitalisation of about $32 million at the IPO price of $0.20 and made a strong start to trading with shares...
Albemarle Corp boosted its 2021 sales forecast this week after posting an adjusted third quarter profit that beat analyst expectations, largely thanks to rising lithium prices. The world’s largest lithium producer saw its sales of the metal – dubbed ‘the new white gold’ - jump 35%...
Lithium Americas has revealed that its unconditional offer to acquire all outstanding shares of Millennial Lithium has trumped an earlier offer for the TSXV-listed player from a Chinese EV battery manufacturer. The C$4.70 per share bid from Lithium Americas, payable in cash and common shares, values Millennial...
Lithium Americas has increased the mineral resource for its Thacker Pass project in Nevada to 13.7 million tonnes LCE in the measured and indicated category, plus 4.4 million tonnes LCE in inferred. The update includes new resources detected from drilling in the Southern area of the...
ASX-listed Core Lithium will start building its Finniss Project in Australia’s Northern Territory in the coming weeks after making a final investment decision (FID) on the hard rock lithium project. The decision puts Core on course to become Australia’s next producer of the key battery metal,...
Sigma Lithium Resources will debut on the tech-dominated Nasdaq today, in a move that will complement the Vancouver-based company’s primary listing on the TSXV. Sigma said that its corporate policies and board are ‘fully compliant’ with required Nasdaq and SEC governance standards, including a diversity recommendation...
BHP is set to integrate artificial intelligence (AI) tools into its exploration inventory after striking a deal with KoBold Metals – a start up backed by a coalition of billionaires including Bill Gates and Jeff Bezos. The Silicon Valley firm, which has pledged to create a...
A latest quarterly report from advisory firm BDO has found that Australian minerals explorers have raised the most funds in nearly a decade, as climate-conscious investors flood into copper, lithium and other battery metals projects. Australian-listed explorers raised A$2.37 billion (US$1.81 billion) in the March 2021...
ASX-listed Walkabout Resources has started construction prestart activities at its Lindi Jumbo Graphite Mine in Tanzania, after securing a US$20 million debt funding facility last month from CRDB Bank of Tanzania. “The Lindi Jumbo Mine is rapidly materialising and on track for first production in the...
Australia’s Orocobre has announced an all-stock deal for smaller domestic peer Galaxy Resources worth A$1.78 billion, creating the world’s fifth most valuable lithium producer by market capitalisation. The merger will also establish the most valuable lithium stock on the ASX, with a $4 million market cap....