ASX-listed Galan Lithium has entered into an asset acquisition agreement with Lithium Australia for an 80% interest in the Greenbushes South Lithium project in Western Australia (WA). Under the agreement, Galan will issue 1,221,000 fully paid ordinary shares to Lithium Australia and will solely fund expenditure...
AIM-listed explorer IronRidge Resources has sharpened its focus on its core African portfolio with the sale of the May Queen gold project in Queensland, Australia. The non-core asset will be taken over by Australasian Gold in return for 4.5 million shares of the Australia-focused gold explorer....
ASX-listed Firefinch Ltd has announced a strong production performance in the last quarter of 2020 from its Morila Gold Mine in Mali. The company, formerly known as Mali Lithium, exceeded its gold output guidance for the quarter with 4,228 ounces of gold produced from processing tailings...
Chinese mining giant Tianqi Lithium will receive a sorely needed cash boost after agreeing the sale of 49% of its Australian unit to nickel-gold firm IGO Ltd, for a sum of US$1.4 billion. Through the deal, IGO – Australia largest independent nickel producer – will assume...
AIM-listed Savannah Resources has announced further progress towards gaining environmental approval for its Mina do Barroso hard rock lithium project in Portugal. The firm said on Thursday that it had submitted further and revised information to the country’s regulatory authority as part of the next stage...
Tesla is set to enter the mining business with a lithium claim on 10,000 acres in Nevada, CEO Elon Musk announced at its Battery Day event yesterday. The electric vehicle maker is planning to be a sustainable miner with a low impact on the local environment,...
ASX-listed lithium junior Lake Resources has seen its share price surge by another 50% today in the run up to Tesla’s ‘Battery Day’ on Tuesday, an event which will reportedly reveal ground-breaking developments in battery technology. Last week, the company announced that its partner Hazen Research...
Exploration firm Cornish Lithium yesterday announced it had discovered ‘globally significant’ lithium reserves in hot springs within a historic mining region in the far Southwest of the UK. The UK government-backed company conducted tests in geothermal waters in Cornwall which have revealed some of the world’s...
Lithium Americas plans to resume construction activities at its Caucharí-Olaroz lithium project in Argentina following an enforced shutdown in March due to measures against the COVID-19 pandemic. The large-scale project, a joint venture with China’s Gangfeng Lithium, was suspended again in early July after two workers...
Peru and Bolivia have both authorised mining operators to resume activities as of May 2, in a relaxation of national lockdown measures implemented to prevent the spread of COVID-19. Both Latin American countries shut down their mining operations in mid-March along with other key industrial sectors,...