Australia’s Altura Mining has secured a new financing package valued at US$202 million, in a deal that should prop up the company in a deteriorating lithium market. Under the vital financing package, the company’s current lenders have extended an existing loan facility of $161 million for...
China’s Ganfeng Lithium Co has announced it will take control of an Argentinian lithium project it has been developing in tandem with Lithium Americas Corp. Gangfeng will pay US$16 million to Lithium Americas, thereby increasing its stake in the Cauchari-Olaroz project by one percentage point to...
London-listed exploration and development firm Kodal Minerals has submitted a mining licence application for its Bougouni lithium project in Mali. As part of its mining licence application, Kodal completed a feasibility study for the project and submitted its contents to the Mali Government. The study envisages an...
ASX-listed Prospect Resources has published an updated definitive feasibility study (DFS) for its Arcadia Lithium Project in Zimbabwe, increasing the estimated life of mine (LoM) revenues for the project. The new DFS states that the LoM revenues will be US$3.42 billion over a 15.5-year mine life,...
ASX-listed AVZ Minerals has executed a subscription agreement that will see Chinese lithium chemical producer Yibin Tianyi Lithium Industry Co take a 12% stake in the company for AUS$14.1 million. The deal provides a foundation for AVZ and Yibin Tianyi to negotiate a binding offtake agreement...
Prospect Resources has made a secondary listing on Germany’s Frankfurt Stock Exchange as the Zimbabwe-based lithium developer looks to gain greater exposure to European end user markets. The firm, already listed on the Australian Stock Exchange, will trade under the ticker ‘5E8’ on the Frankfurt exchange....
China’s Gangfeng Lithium - the world’s largest lithium metal producer - has made a £14.4 million investment in London-listed Bacanora Lithium, in a bid to secure additional supply of the coveted battery metal. Gangfeng is purchasing a 29.9% stake in Bacanora at 25p per share but...
Lithium companies Lepidico and Desert Lion Energy have announced they will join forces to create a ‘global leader in the development of lithium chemicals from lepidolite’. Perth-based Lepidico will acquire all of Desert Lion’s outstanding common shares after the two entered into a definitive arrangement agreement. “The...
Chilean lithium miner SQM has received environmental approval for the expansion of its lithium carbonate production plant, which will allow the company to boost its output of the valuable battery metal. Once completed, the US$400 million plant expansion will give Chinese-backed SQM the capacity to produce...
Albemarle Corp has agreed to pay US$1.15 billion to form a lithium joint venture with Australia’s Mineral Resources, after the world’s top lithium producer had expansion plans for its operations in Chile rejected last week. The US-based company will take a 50% stake in the JV...