Argentina expects to receive investments of up to US$4.2 billion in its lithium industry over the next five years, which could propel it into the top tier of global producers of the key battery metal. The country, which forms one third of the South American ‘lithium...
The US is to provide around US$3.16 billion in grants towards the production of key battery metals, including lithium, cobalt and nickel, as the Biden administration seeks to boost domestic manufacturing of advanced batteries used in electric vehicles and energy storage. The grants, announced by the...
ASX-listed battery minerals company Prospect Resources has closed the US$377.8 million sale of its 87% interest in the Arcadia Lithium Project in Zimbabwe to a subsidiary of China’s Zhejiang Huayou Cobalt. Prospect has received $342.9 million in proceeds from the deal after the payment of $26.8...
Tesla CEO Elon Musk has described battery production – specifically lithium – as the ‘fundamental limiting factor’ for electric vehicle (EV) adoption worldwide, in a public appeal for greater investment in battery metals mining. Speaking on an earnings call with investors yesterday, Musk highlighted the growing...
Canada’s latest federal budget will include an investment of at least US$1.6 billion for a strategy to accelerate the production and processing of critical minerals required for the electric vehicle (EV) battery supply chain, according to two senior government sources. Prime Minister Justin Trudeau will reveal...
US President Joe Biden is set to add a host of battery metals to the 1950 Defence Production Act, in a bid to encourage domestic production of critical minerals – or MIFTS (metals important for future technologies) – for electric vehicles (EVs) and other large...
AIM-listed Atlantic Lithium has announced a significant upgrade to the lithium resource at the Ewoyaa spodumene deposit in Ghana, following 37,500 metres of drilling at the back end of 2021. The total mineral resource estimate at Ewoyaa rose by 42% to 30.1 million tonnes (Mt) of...
South Korean steelmaker Posco announced yesterday it will invest US$4 million in a new lithium mining project in Argentina, as part of the company’s plans to build a world leading battery chemicals business. Posco will invest in the Salar de Hombre Muerto project, located within a...
ASX-listed Winsome Resources has begun a 20-hole drill programme at its flagship Cancet lithium project in Québec, which aims to build on previous rounds of drilling undertaken back in 2017. The campaign follows on from Winsome’s IPO in November 2021, and aims to test several new...
ASX-listed explorer Tempest Minerals has announced that its Euro Project in the Yalgoo region of Western Australia hosts potential lithium mineralisation. A systematic review of historic data at the project has resulted in the identification of lithium-bearing pegmatites. The legacy mapping indicates that at least one...