China’s Ganfeng Lithium announced on Friday it had agreed a deal to buy Argentina-focused Millennial Lithium Corp for around US$280 million (C$353 million). The successful bid by Ganfeng unit GFL International came in at an 8.4% premium to Vancouver-based Millennial’s closing price last Thursday, the company...
ASX-listed Piedmont Lithium has struck a deal to expand its spodumene resources by investing in a Ghana-based lithium portfolio held by Australia’s IronRidge Resources. Under the strategic partnership, Piedmont will acquire an equity stake in AIM-listed IronRidge and make staged investments to earn a 50% interest...
LSE-listed IronRidge Resources has reported additional broad and high-grade lithium pegmatite drill intersections at new targets adjacent to its Ewoyaa Lithium Project (ELP) in Ghana. The mineral exploration firm has already defined a JORC-compliant mineral resource estimate of 14.5 million tonnes (Mt) at 1.31% Li2O in...
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....
ASX-listed Piedmont Lithium has reported a 40% increase in the total mineral resource at its flagship spodumene project in the US state of North Carolina. The Piedmont Lithium Project now has a total mineral resource estimate of 39.2 million tonnes at 1.09% lithium oxide, for an...
Lithium carbonate prices in China have almost doubled so far this year, according to latest data from battery supply chain research and price reporting agency Benchmark Mineral Intelligence. In its inaugural mid-month price assessment, Benchmark said average pricing for EXW China technical grade lithium carbonate was...
Perth-based Lithium Australia has confirmed it is preparing a pilot test for a spodumene conversion process that can significantly increase efficiencies in the lithium chemical conversion process. The company’s LieNA technology is a hydrometallurgical process without any need for roasting that is capable of handling very...
Australia’s government has unveiled a 10-year roadmap that will boost the nation’s mineral processing capacity, as part of a plan to challenge China’s position as the world’s top supplier of products key to the clean energy transition. The Resources Technology and Critical Minerals Processing Roadmap includes...
Mineral exploration spending in Australia rose by 2.5% in the December 2020 quarter, according to latest data from the Australian Bureau of Statistics (ABS). Total exploration expenditure in the final quarter of last year reached US$559 million – the highest quarterly sum since March 2013 –...
ASX-listed Prospect Resources has provided an update on the pathway to production at the Arcadia lithium project in Zimbabwe, after a detailed strategic review by management and a number of external third-party experts. The review concluded that an initial smaller commercial scale production facility using the...